Keurig Dr Pepper (KDP) Tax Rate (2009 - 2026)
Keurig Dr Pepper (KDP) reported Tax Rate of 24.37% for Q1 2026, up 270.0% year-over-year from 6.59% in Q1 2025, and up 7.09% quarter-over-quarter from 22.76% in Q4 2025.
Keurig Dr Pepper (KDP) Tax Rate (2009 - 2026) Analysis & Trends
Keurig Dr Pepper (KDP) has 18 years of Tax Rate data on file, last reported at 24.37% in Q1 2026.
- Tax Rate for Q1 2026 came in at 24.37%, up 270.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 23.15% (down 89.0% YoY), and the FY2025 annual result was 22.63%, down 209.0% from the prior year.
- Tax Rate grew to 24.37% in Q1 2026 per KDP's latest filing, from 22.76% in the prior quarter.
- Over five years, Tax Rate peaked at 24.37% in Q1 2026 and troughed at 2.35% in Q2 2022.
- A 5-year average of 18.6% and a median of 22.3% in 2025 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2022 and 2023: Tax Rate slumped 2926 bps in 2022, then jumped 2029 bps in 2023.
- A 5-year view of Tax Rate shows it stood at 18.82% in 2022, then gained by 22 bps to 22.91% in 2023, then plunged by 72 bps to 6.49% in 2024, then soared by 250 bps to 22.76% in 2025, then advanced by 7 bps to 24.37% in 2026.
- Business Quant data shows KDP's Tax Rate at 24.37% in Q1 2026, 22.76% in Q4 2025, and 22.3% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 341.39 Bn | 332.40 Bn | 7.85 Bn | 13.99 |
| 2 | Pepsico | 194.25 Bn | 183.58 Bn | 10.73 Bn | 21.28 |
| 3 | Monster Beverage | 89.38 Bn | 86.39 Bn | 1.29 Bn | 24.08 |
| 4 | Coca Cola Femsa Sab De Cv | 87.89 Bn | 86.38 Bn | 1.89 Bn | 36.22 |
| 5 | Keurig Dr Pepper | 41.86 Bn | 27.96 Bn | 2.10 Bn | 24.37 |
| 6 | Coca-Cola Consolidated | 10.27 Bn | 10.04 Bn | 727.08 Mn | 26.23 |
| 7 | Primo Brands | 8.82 Bn | 8.54 Bn | 464.90 Mn | 33.09 |
| 8 | Celsius Holdings | 7.92 Bn | 7.37 Bn | 378.07 Mn | 19.95 |
| 9 | Vita Coco Company | 4.80 Bn | 4.59 Bn | 71.81 Mn | 18.61 |
| 10 | National Beverage | 3.40 Bn | 3.09 Bn | 99.60 Mn | 23.60 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.37% |
| Mar 31, 2026 | 24.37% |
| Dec 31, 2025 | 22.76% |
| Dec 31, 2025 | 22.76% |
| Sep 30, 2025 | 22.30% |
| Sep 30, 2025 | 22.30% |
| Jun 30, 2025 | 23.82% |
| Jun 30, 2025 | 23.82% |
| Mar 31, 2025 | 21.67% |
| Mar 31, 2025 | 21.67% |
| Dec 31, 2024 | 6.49% |
| Dec 31, 2024 | 6.49% |
| Sep 30, 2024 | 23.19% |
| Sep 30, 2024 | 23.19% |
| Jun 30, 2024 | 23.36% |
| Jun 30, 2024 | 23.36% |
| Mar 31, 2024 | 23.57% |
| Mar 31, 2024 | 23.57% |
| Dec 31, 2023 | 22.91% |
| Dec 31, 2023 | 22.91% |