Keurig Dr Pepper (KDP) Gross Margin (2009 - 2026)

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.