Growth Metrics

Keurig Dr Pepper (KDP) Gross Margin (2016 - 2025)

Keurig Dr Pepper (KDP) has disclosed Gross Margin for 17 consecutive years, with 53.77% as the latest value for Q4 2025.

  • On a quarterly basis, Gross Margin fell 218.0% to 53.77% in Q4 2025 year-over-year; TTM through Dec 2025 was 54.2%, a 136.0% decrease, with the full-year FY2025 number at 54.2%, down 136.0% from a year prior.
  • Gross Margin was 53.77% for Q4 2025 at Keurig Dr Pepper, down from 54.34% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 56.48% in Q4 2023 to a low of 49.97% in Q2 2022.
  • A 5-year average of 54.29% and a median of 54.48% in 2025 define the central range for Gross Margin.
  • Peak YoY movement for Gross Margin: plummeted -640bps in 2022, then skyrocketed 399bps in 2023.
  • Keurig Dr Pepper's Gross Margin stood at 52.26% in 2021, then increased by 0bps to 52.48% in 2022, then grew by 8bps to 56.48% in 2023, then decreased by -1bps to 55.95% in 2024, then dropped by -4bps to 53.77% in 2025.
  • Per Business Quant, the three most recent readings for KDP's Gross Margin are 53.77% (Q4 2025), 54.34% (Q3 2025), and 54.17% (Q2 2025).