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% on a QoQ basis from 53.77% in Q4 2025.
Keurig Dr Pepper (KDP) has 18 years of Gross Margin data on file, last reported at 52.77% in Q1 2026.
- Quarterly Gross Margin fell 184.0% year-over-year to 52.77% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 53.78% (down 147.0% YoY) and the FY2025 annual result came in at 54.2%, down 136.0% from the prior year.
- Gross Margin declined 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.
- The 5-year median for Gross Margin is 54.17% (2025), against an average of 54.02%.
- The widest annual swing landed in 2022, when Gross Margin tumbled 640 bps; it then surged 399 bps in 2023.
- Tracing KDP's Gross Margin over 5 years: stood at 52.48% in 2022, then grew by 8 bps to 56.48% in 2023, then declined by 1 bps to 55.95% in 2024, then dropped by 4 bps to 53.77% in 2025, then fell by 2 bps to 52.77% in 2026.
- Per Business Quant, the three latest KDP Gross Margin figures stand at 52.77% (Q1 2026), 53.77% (Q4 2025), and 54.34% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 338.61 Bn | 329.63 Bn | 7.85 Bn | 62.96% |
| 2 | Pepsico | 193.55 Bn | 182.88 Bn | 10.73 Bn | 55.19% |
| 3 | Monster Beverage | 87.17 Bn | 84.18 Bn | 1.29 Bn | 54.96% |
| 4 | Coca-Cola Europacific Partners | 47.66 Bn | 47.03 Bn | - | - |
| 5 | Keurig Dr Pepper | 41.05 Bn | 27.15 Bn | 2.10 Bn | 52.77% |
| 6 | Coca Cola Femsa Sab De Cv | 10.77 Bn | 9.26 Bn | 1.89 Bn | 46.89% |
| 7 | Coca-Cola Consolidated | 9.73 Bn | 9.50 Bn | 727.08 Mn | 39.37% |
| 8 | Primo Brands | 8.93 Bn | 8.64 Bn | 464.90 Mn | 28.59% |
| 9 | Celsius Holdings | 7.93 Bn | 7.38 Bn | 378.07 Mn | 48.31% |
| 10 | Vita Coco Company | 4.29 Bn | 4.08 Bn | 71.81 Mn | 39.95% |
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% |
| Mar 31, 2021 | 55.13% |
| Dec 31, 2020 | 56.65% |
| Sep 30, 2020 | 56.42% |
| Jun 30, 2020 | 54.54% |
| Mar 31, 2020 | 55.57% |
| Dec 31, 2019 | 57.70% |
| Sep 30, 2019 | 56.62% |
| Jun 30, 2019 | 57.82% |
| Mar 31, 2019 | 55.83% |
| Dec 31, 2018 | 54.92% |
| Sep 30, 2018 | 49.96% |
| Jun 30, 2018 | 51.74% |
| Mar 31, 2018 | 50.74% |
| Dec 31, 2017 | 45.04% |
| Sep 30, 2017 | 49.12% |
| Jun 30, 2017 | 47.36% |
| Mar 31, 2017 | 50.52% |
| Dec 31, 2016 | 45.01% |
| Jun 30, 2016 | 60.47% |
| Mar 31, 2016 | 59.52% |
| Dec 31, 2015 | 60.54% |
| Sep 30, 2015 | 58.71% |
| Jun 30, 2015 | 59.27% |
| Mar 31, 2015 | 58.51% |
| Dec 31, 2014 | 59.31% |
| Sep 30, 2014 | 58.43% |
| Jun 30, 2014 | 59.23% |
| Mar 31, 2014 | 60.37% |
| Dec 31, 2013 | 60.15% |
| Sep 30, 2013 | 57.87% |
| Jun 30, 2013 | 58.04% |
| Mar 31, 2013 | 57.25% |
| Dec 31, 2012 | 59.23% |
| Sep 30, 2012 | 59.03% |
| Jun 30, 2012 | 57.74% |
| Mar 31, 2012 | 57.12% |
| Dec 31, 2011 | 58.66% |
| Sep 30, 2011 | 56.05% |
| Jun 30, 2011 | 58.15% |
| Mar 31, 2011 | 58.90% |
| Dec 31, 2010 | 60.76% |
| Sep 30, 2010 | 58.82% |
| Jun 30, 2010 | 60.96% |
| Mar 31, 2010 | 60.26% |
| Dec 31, 2009 | 61.06% |
| Sep 30, 2009 | 59.62% |
| Jun 30, 2009 | 59.76% |
| Mar 31, 2009 | 57.86% |