Keurig Dr Pepper (KDP) Gross Margin (2009 - 2026)
Keurig Dr Pepper's Gross Margin came in at 41.95% for Q2 2026, down 12.22 percentage points from 54.17% a year earlier and down 10.82 percentage points from the prior quarter.
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Analysis
Keurig Dr Pepper (KDP) Gross Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Keurig Dr Pepper reported Gross Margin of 49.39%, down 5.54 percentage points year-over-year; for FY2025, it was 54.20%, down 1.36 percentage points from FY2024.
- Gross Margin carries a five-year change of -1.63 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 55.56% in FY2024 (+1.02 pp), 54.54% in FY2023 (+2.45 pp), 52.10% in FY2022 (-2.92 pp) and 55.01% in FY2021 (-0.82 pp).
- The Q2 2026 figure represents the lowest quarterly Gross Margin in data going back to Q1 2009.
- Year-over-year, Gross Margin has declined for eight consecutive quarters, with an average year-over-year change of -2.56 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q4 2023 (a gain of 3.99 percentage points), and the weakest in Q2 2026 (a drop of 12.22 percentage points).
- Business Quant data shows KDP's Gross Margin at 52.77% (Q1 2026), 53.77% (Q4 2025) and 54.34% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 394.76 Bn | 381.23 Bn | 8.42 Bn | 62.89% |
| 2 | Coca Cola Femsa Sab De Cv | 193.90 Bn | 193.90 Bn | 2.06 Bn | 47.09% |
| 3 | Pepsico | 175.24 Bn | 133.00 Bn | 13.75 Bn | 54.42% |
| 4 | Monster Beverage | 88.77 Bn | 77.03 Bn | 1.42 Bn | 55.95% |
| 5 | Diageo | 52.19 Bn | 32.26 Bn | - | - |
| 6 | Ambev | 50.68 Bn | 35.97 Bn | 2.06 Bn | 51.86% |
| 7 | Coca-Cola Europacific Partners | 50.06 Bn | 42.72 Bn | - | - |
| 8 | Keurig Dr Pepper | 46.50 Bn | 42.54 Bn | 3.07 Bn | 41.95% |
| 9 | Constellation Brands | 22.07 Bn | 21.62 Bn | 1.39 Bn | 49.46% |
| 10 | Coca-Cola Consolidated | 13.60 Bn | 11.23 Bn | 778.41 Mn | 37.93% |
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();