Growth Metrics

Keurig Dr Pepper (KDP) Operating Expenses (2009 - 2026)

Keurig Dr Pepper (KDP) reported Operating Expenses of $1.3 billion for Q1 2026, up 134100.0% year-over-year from N/an in Q1 2025, and up 19271.43% on a QoQ basis from -$7.0 million in Q4 2025.

Keurig Dr Pepper (KDP) has 18 years of Operating Expenses data on file, last reported at $1.3 billion in Q1 2026.

  • Quarterly Operating Expenses rose 134100.0% year-over-year to $1.3 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.3 billion (up 16787.5% YoY) and the FY2025 annual result came in at -$3.0 million, up 66.67% from the prior year.
  • Operating Expenses grew to $1.3 billion in Q1 2026 per KDP's latest filing, from -$7.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $1.3 billion in Q1 2026 and bottomed at -$8.0 million in Q4 2024.
  • The 5-year median for Operating Expenses is $1.2 billion (2022), against an average of $777.5 million.
  • The widest annual swing landed in 2024, when Operating Expenses tumbled 100.64%; it then jumped 134100.0% in 2026.
  • Tracing KDP's Operating Expenses over 5 years: stood at $1.2 billion in 2022, then gained by 2.53% to $1.3 billion in 2023, then plunged by 100.64% to -$8.0 million in 2024, then advanced by 12.5% to -$7.0 million in 2025, then surged by 19271.43% to $1.3 billion in 2026.
  • Per Business Quant, the three latest KDP Operating Expenses figures stand at $1.3 billion (Q1 2026), -$7.0 million (Q4 2025), and $1.0 million (Q1 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Coca Cola 338.61 Bn 329.63 Bn 7.85 Bn 3.47 Bn
2 Pepsico 193.55 Bn 182.88 Bn 10.73 Bn 7.52 Bn
3 Monster Beverage 87.17 Bn 84.18 Bn 1.29 Bn 563.39 Mn
4 Coca-Cola Europacific Partners 47.66 Bn 47.03 Bn - -
5 Keurig Dr Pepper 41.05 Bn 27.15 Bn 2.10 Bn 1.34 Bn
6 Coca Cola Femsa Sab De Cv 10.77 Bn 9.26 Bn 1.89 Bn 1.37 Bn
7 Coca-Cola Consolidated 9.73 Bn 9.50 Bn 727.08 Mn 489.56 Mn
8 Primo Brands 8.93 Bn 8.64 Bn 464.90 Mn 357.50 Mn
9 Celsius Holdings 7.93 Bn 7.38 Bn 378.07 Mn 239.07 Mn
10 Vita Coco Company 4.29 Bn 4.08 Bn 71.81 Mn 38.23 Mn

Historic Data

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DateValue
Mar 31, 2026 1.34 Bn
Dec 31, 2025 -7.00 Mn
Mar 31, 2025 1.00 Mn
Dec 31, 2024 -8.00 Mn
Jun 30, 2024 -1.00 Mn
Mar 31, 2024 1.00 Mn
Dec 31, 2023 1.26 Bn
Sep 30, 2023 1.22 Bn
Jun 30, 2023 1.27 Bn
Mar 31, 2023 1.17 Bn
Dec 31, 2022 1.23 Bn
Sep 30, 2022 1.20 Bn
Jun 30, 2022 1.20 Bn
Mar 31, 2022 1.02 Bn
Dec 31, 2021 1.11 Bn
Sep 30, 2021 1.04 Bn
Jun 30, 2021 1.04 Bn
Mar 31, 2021 961.00 Mn
Dec 31, 2020 1.00 Bn
Sep 30, 2020 949.00 Mn
Jun 30, 2020 1.00 Bn
Mar 31, 2020 1.03 Bn
Dec 31, 2019 1.01 Bn
Sep 30, 2019 1.01 Bn
Jun 30, 2019 1.03 Bn
Mar 31, 2019 911.00 Mn
Dec 31, 2018 986.00 Mn
Sep 30, 2018 1.03 Bn
Jun 30, 2018 370.00 Mn
Mar 31, 2018 350.00 Mn
Dec 31, 2017 298.00 Mn
Sep 30, 2017 470.00 Mn
Jun 30, 2017 325.00 Mn
Mar 31, 2017 315.00 Mn
Dec 31, 2016 331.00 Mn
Jun 30, 2016 637.00 Mn
Mar 31, 2016 594.00 Mn
Dec 31, 2015 632.00 Mn
Sep 30, 2015 639.00 Mn
Jun 30, 2015 634.00 Mn
Mar 31, 2015 600.00 Mn
Dec 31, 2014 658.00 Mn
Sep 30, 2014 630.00 Mn
Jun 30, 2014 641.00 Mn
Mar 31, 2014 604.00 Mn
Dec 31, 2013 577.00 Mn
Sep 30, 2013 612.00 Mn
Jun 30, 2013 668.00 Mn
Mar 31, 2013 611.00 Mn
Dec 31, 2012 604.00 Mn
Sep 30, 2012 608.00 Mn
Jun 30, 2012 655.00 Mn
Mar 31, 2012 604.00 Mn
Dec 31, 2011 603.00 Mn
Sep 30, 2011 609.00 Mn
Jun 30, 2011 647.00 Mn
Mar 31, 2011 596.00 Mn
Dec 31, 2010 599.00 Mn
Sep 30, 2010 611.00 Mn
Jun 30, 2010 633.00 Mn
Mar 31, 2010 575.00 Mn
Dec 31, 2009 585.00 Mn
Sep 30, 2009 589.00 Mn
Jun 30, 2009 590.00 Mn
Mar 31, 2009 538.00 Mn