Keurig Dr Pepper (KDP) Gross Margin (2009 - 2026)
Keurig Dr Pepper (KDP) posted quarterly 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 reported Gross Margin for 18 consecutive years, with 52.77% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 184.0% year-over-year to 52.77%; the TTM figure through Mar 2026 stood at 53.78% (down 147.0% YoY), while the FY2025 annual figure was 54.2%, down 136.0% from the prior year.
- Gross Margin retreated to 52.77% in Q1 2026 per KDP's latest filing, from 53.77% in the prior quarter.
- Across five years, Gross Margin topped out at 56.48% in Q4 2023 and bottomed at 49.97% in Q2 2022.
- Historically, Gross Margin has averaged 54.02% across 5 years, with a median of 54.17% in 2025.
- Annual changes were most pronounced in 2022 — Gross Margin sank 640 bps — and 2023, when it jumped 399 bps.
- Keurig Dr Pepper's Gross Margin stood at 52.48% in 2022, then gained by 8 bps to 56.48% in 2023, then decreased by 1 bps to 55.95% in 2024, then retreated by 4 bps to 53.77% in 2025, then slipped 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 Femsa Sab De Cv | 1,820.28 Bn | 1,820.28 Bn | 2.06 Bn | 47.09% |
| 2 | Coca Cola | 373.67 Bn | 359.52 Bn | 8.42 Bn | 62.89% |
| 3 | Pepsico | 188.28 Bn | 177.56 Bn | 13.11 Bn | 54.22% |
| 4 | Coca-Cola Europacific Partners | 48.31 Bn | 47.14 Bn | - | - |
| 5 | Monster Beverage | 44.93 Bn | 41.51 Bn | 1.42 Bn | 55.95% |
| 6 | Keurig Dr Pepper | 39.65 Bn | 38.76 Bn | 2.10 Bn | 52.77% |
| 7 | Andina Bottling | 21.78 Bn | 21.78 Bn | 319.18 Bn | 38.92% |
| 8 | Coca-Cola Consolidated | 10.29 Bn | 10.12 Bn | 778.41 Mn | 37.93% |
| 9 | Primo Brands | 8.55 Bn | 8.19 Bn | 548.70 Mn | 30.55% |
| 10 | Celsius Holdings | 6.99 Bn | 6.36 Bn | 393.69 Mn | 48.13% |
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% |