Keurig Dr Pepper KDP
NASDAQ KDP
$34.18 +1.06 (+3.20%)
At close: Oct 15, 2026 · 4:00 PM EDT

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

Updated

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.

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

Historic Data

Download Data
DateValue
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_KEY