Keurig Dr Pepper (KDP) Gross Margin (2009 - 2026)
Keurig Dr Pepper (KDP) reported Gross Margin of 52.77% for Q1 2026, down 184.0% year-over-year from 62.82% in Q1 2025, and down 1.86% quarter-over-quarter from 53.77% in Q4 2025.
Keurig Dr Pepper (KDP) Gross Margin (2009 - 2026) Analysis & Trends
Keurig Dr Pepper (KDP) has 18 years of Gross Margin data on file, last reported at 52.77% in Q1 2026.
- Gross Margin for Q1 2026 came in at 52.77%, down 184.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 53.78% (down 147.0% YoY), and the FY2025 annual result was 54.2%, down 136.0% from the prior year.
- Gross Margin eased to 52.77% in Q1 2026 per KDP's latest filing, from 53.77% in the prior quarter.
- Over five years, Gross Margin peaked at 56.48% in Q4 2023 and troughed at 49.97% in Q2 2022.
- A 5-year average of 54.02% and a median of 54.17% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin sank 640 bps in 2022, then jumped 399 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 52.48% in 2022, then rose by 8 bps to 56.48% in 2023, then retreated by 1 bps to 55.95% in 2024, then fell by 4 bps to 53.77% in 2025, then decreased by 2 bps to 52.77% in 2026.
- Business Quant data shows KDP's Gross Margin at 52.77% in Q1 2026, 53.77% in Q4 2025, and 54.34% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 341.39 Bn | 332.40 Bn | 7.85 Bn | 62.96% |
| 2 | Pepsico | 194.25 Bn | 183.58 Bn | 10.73 Bn | 55.19% |
| 3 | Monster Beverage | 89.38 Bn | 86.39 Bn | 1.29 Bn | 54.96% |
| 4 | Coca Cola Femsa Sab De Cv | 87.89 Bn | 86.38 Bn | 1.89 Bn | 46.89% |
| 5 | Keurig Dr Pepper | 41.86 Bn | 27.96 Bn | 2.10 Bn | 52.77% |
| 6 | Coca-Cola Consolidated | 10.27 Bn | 10.04 Bn | 727.08 Mn | 39.37% |
| 7 | Primo Brands | 8.82 Bn | 8.54 Bn | 464.90 Mn | 28.59% |
| 8 | Celsius Holdings | 7.92 Bn | 7.37 Bn | 378.07 Mn | 48.31% |
| 9 | Vita Coco Company | 4.80 Bn | 4.59 Bn | 71.81 Mn | 39.95% |
| 10 | National Beverage | 3.40 Bn | 3.09 Bn | 99.60 Mn | 37.65% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 52.77% |
| Dec 31, 2025 | 53.77% |
| Sep 30, 2025 | 54.34% |
| Jun 30, 2025 | 54.17% |
| Mar 31, 2025 | 54.61% |
| Dec 31, 2024 | 55.95% |
| Sep 30, 2024 | 55.00% |
| Jun 30, 2024 | 55.38% |
| Mar 31, 2024 | 55.94% |
| Dec 31, 2023 | 56.48% |
| Sep 30, 2023 | 55.48% |
| Jun 30, 2023 | 53.87% |
| Mar 31, 2023 | 52.01% |
| Dec 31, 2022 | 52.48% |
| Sep 30, 2022 | 52.48% |
| Jun 30, 2022 | 49.97% |
| Mar 31, 2022 | 53.61% |
| Dec 31, 2021 | 52.26% |
| Sep 30, 2021 | 56.46% |
| Jun 30, 2021 | 56.37% |