Keurig Dr Pepper (KDP) Operating Margin (2009 - 2026)
Keurig Dr Pepper (KDP) posted Operating Margin of 8.59% for Q2 2026, down 12.98 percentage points from 21.57% a year earlier and down 10.42 percentage points from the prior quarter.
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Analysis
Keurig Dr Pepper (KDP) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Keurig Dr Pepper was 16.23%, down 0.68 percentage points year-over-year; for FY2025, it came in at 21.53%, up 4.65 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of +0.19 percentage points (FY2020 to FY2025).
- In prior years, Keurig Dr Pepper's Operating Margin was 16.88% in FY2024 (-4.67 pp), 21.55% in FY2023 (+3.02 pp), 18.53% in FY2022 (-4.29 pp) and 22.82% in FY2021 (+1.47 pp).
- The Q2 2026 figure stands as the lowest quarterly Operating Margin since Q4 2024.
- On a year-over-year basis, Operating Margin increased in 1 of the last eight quarters, with an average year-over-year change of -2.71 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q4 2025, with a gain of 18.03 percentage points; the weakest was Q4 2024, with a drop of 22.84 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 19.01% (Q1 2026), 19.58% (Q4 2025) and 23.11% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 412.98 Bn | 401.46 Bn | 8.45 Bn | 33.37% |
| 2 | Diageo | 237.65 Bn | 219.80 Bn | - | - |
| 3 | Coca Cola Femsa Sab De Cv | 195.53 Bn | 195.53 Bn | 2.15 Bn | 14.90% |
| 4 | Pepsico | 194.08 Bn | 152.04 Bn | 13.75 Bn | 16.86% |
| 5 | Monster Beverage | 95.50 Bn | 83.75 Bn | 1.42 Bn | 29.18% |
| 6 | Coca-Cola Europacific Partners | 52.02 Bn | 45.24 Bn | - | - |
| 7 | Keurig Dr Pepper | 50.06 Bn | 50.30 Bn | 3.07 Bn | 8.59% |
| 8 | Ambev | 43.66 Bn | 28.57 Bn | 2.14 Bn | 25.65% |
| 9 | Constellation Brands | 24.61 Bn | 24.16 Bn | 1.39 Bn | 28.58% |
| 10 | Brown Forman | 14.09 Bn | 12.77 Bn | 549.00 Mn | 21.34% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.59% |
| Mar 31, 2026 | 19.01% |
| Dec 31, 2025 | 19.58% |
| Sep 30, 2025 | 23.11% |
| Jun 30, 2025 | 21.57% |
| Mar 31, 2025 | 22.04% |
| Dec 31, 2024 | 1.55% |
| Sep 30, 2024 | 23.18% |
| Jun 30, 2024 | 21.95% |
| Mar 31, 2024 | 22.06% |
| Dec 31, 2023 | 24.39% |
| Sep 30, 2023 | 23.55% |
| Jun 30, 2023 | 20.30% |
| Mar 31, 2023 | 17.42% |
| Dec 31, 2022 | 17.70% |
| Sep 30, 2022 | 10.88% |
| Jun 30, 2022 | 16.09% |
| Mar 31, 2022 | 31.38% |
| Dec 31, 2021 | 21.38% |
| Sep 30, 2021 | 24.46% |
API Access
Keurig Dr Pepper Operating 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=operating-margin&ticker=KDP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=KDP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();