Keurig Dr Pepper (KDP) Gross Margin (2009 - 2026)
Keurig Dr Pepper's (KDP) quarterly Gross Margin came in at 41.95% in Q2 2026, down 1222.0% year-over-year from 3.74% in Q2 2025, and down 20.5% quarter-over-quarter from 52.77% in Q1 2026.
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Analysis
Keurig Dr Pepper (KDP) Gross Margin (2009 - 2026) Analysis & Trends
Keurig Dr Pepper (KDP) has reported Gross Margin for 18 consecutive years, with 41.95% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 1222.0% year-over-year to 41.95% in Q2 2026; TTM through Jun 2026 was 49.39%, a 554.0% decrease from a year earlier, with the FY2025 full-year figure at 54.2%, down 136.0% from the prior year.
- Gross Margin was 41.95% for Q2 2026 at Keurig Dr Pepper, down from 52.77% in the prior quarter.
- Over five years, Gross Margin peaked at 56.48% in Q4 2023 and troughed at 41.95% in Q2 2026.
- A 5-year average of 53.35% and a median of 54.02% in 2023 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin soared 399 bps in 2023 and tumbled 1222 bps in 2026, its largest moves.
- Over 5 years, Gross Margin stood at 52.48% in 2022, then increased by 8 bps to 56.48% in 2023, then fell by 1 bps to 55.95% in 2024, then declined by 4 bps to 53.77% in 2025, then decreased by 22 bps to 41.95% in 2026.
- The last three Gross Margin figures came in at 41.95% (Q2 2026), 52.77% (Q1 2026), and 53.77% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 379.05 Bn | 367.07 Bn | 8.42 Bn | 62.89% |
| 2 | Diageo | 209.58 Bn | 209.63 Bn | - | - |
| 3 | Coca Cola Femsa Sab De Cv | 185.97 Bn | 185.19 Bn | 2.06 Bn | 47.09% |
| 4 | Pepsico | 177.68 Bn | 167.14 Bn | 13.11 Bn | 54.22% |
| 5 | Monster Beverage | 86.02 Bn | 82.60 Bn | 1.42 Bn | 55.95% |
| 6 | Ambev | 46.18 Bn | 42.67 Bn | 2.06 Bn | 51.86% |
| 7 | Coca-Cola Europacific Partners | 44.77 Bn | 44.20 Bn | - | - |
| 8 | Keurig Dr Pepper | 43.22 Bn | 45.90 Bn | 3.07 Bn | 41.95% |
| 9 | Andina Bottling | 28.97 Bn | -301.93 Bn | 698.26 Mn | 40.03% |
| 10 | Constellation Brands | 19.91 Bn | 19.81 Bn | 1.32 Bn | 50.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 41.95% |
| 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% |
API Access
Keurig Dr Pepper Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=KDP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "KDP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=KDP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();