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% on a QoQ basis from 22.76% in Q4 2025.
Keurig Dr Pepper (KDP) has 18 years of Tax Rate data on file, last reported at 24.37% in Q1 2026.
- Quarterly Tax Rate rose 270.0% year-over-year to 24.37% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 23.15% (down 89.0% YoY) and the FY2025 annual result came in at 22.63%, down 209.0% from the prior year.
- Tax Rate advanced to 24.37% in Q1 2026 per KDP's latest filing, from 22.76% in the prior quarter.
- Across five years, Tax Rate topped out at 24.37% in Q1 2026 and bottomed at 2.35% in Q2 2022.
- The 5-year median for Tax Rate is 22.3% (2025), against an average of 18.6%.
- The widest annual swing landed in 2022, when Tax Rate plunged 2926 bps; it then surged 2029 bps in 2023.
- Tracing KDP's Tax Rate over 5 years: stood at 18.82% in 2022, then increased by 22 bps to 22.91% in 2023, then slumped by 72 bps to 6.49% in 2024, then jumped by 250 bps to 22.76% in 2025, then rose by 7 bps to 24.37% in 2026.
- Per Business Quant, the three latest KDP Tax Rate figures stand at 24.37% (Q1 2026), 22.76% (Q4 2025), and 22.3% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 338.61 Bn | 329.63 Bn | 7.85 Bn | 13.99 |
| 2 | Pepsico | 193.55 Bn | 182.88 Bn | 10.73 Bn | 21.28 |
| 3 | Monster Beverage | 87.17 Bn | 84.18 Bn | 1.29 Bn | 24.08 |
| 4 | Coca-Cola Europacific Partners | 47.66 Bn | 47.03 Bn | - | - |
| 5 | Keurig Dr Pepper | 41.05 Bn | 27.15 Bn | 2.10 Bn | 24.37 |
| 6 | Coca Cola Femsa Sab De Cv | 10.77 Bn | 9.26 Bn | 1.89 Bn | - |
| 7 | Coca-Cola Consolidated | 9.73 Bn | 9.50 Bn | 727.08 Mn | 26.23 |
| 8 | Primo Brands | 8.93 Bn | 8.64 Bn | 464.90 Mn | 33.09 |
| 9 | Celsius Holdings | 7.93 Bn | 7.38 Bn | 378.07 Mn | 19.95 |
| 10 | Vita Coco Company | 4.29 Bn | 4.08 Bn | 71.81 Mn | 18.61 |
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 |
| Sep 30, 2023 | 21.99 |
| Sep 30, 2023 | 21.99 |
| Jun 30, 2023 | 17.94 |
| Jun 30, 2023 | 17.94 |
| Mar 31, 2023 | 19.62 |
| Mar 31, 2023 | 19.62 |
| Dec 31, 2022 | 18.82 |
| Dec 31, 2022 | 18.82 |
| Sep 30, 2022 | 2.19 |
| Sep 30, 2022 | 2.19 |
| Jun 30, 2022 | -2.35 |
| Jun 30, 2022 | -2.35 |
| Mar 31, 2022 | 23.53 |
| Mar 31, 2022 | 23.53 |
| Dec 31, 2021 | 23.99 |
| Dec 31, 2021 | 23.99 |
| Sep 30, 2021 | 21.98 |
| Sep 30, 2021 | 21.98 |
| Jun 30, 2021 | 26.92 |
| Jun 30, 2021 | 26.92 |
| Mar 31, 2021 | 18.34 |
| Mar 31, 2021 | 18.34 |
| Dec 31, 2020 | 23.30 |
| Dec 31, 2020 | 23.30 |
| Sep 30, 2020 | 24.14 |
| Sep 30, 2020 | 24.14 |
| Jun 30, 2020 | 26.60 |
| Jun 30, 2020 | 26.60 |
| Mar 31, 2020 | 23.90 |
| Mar 31, 2020 | 23.90 |
| Dec 31, 2019 | 26.18 |
| Dec 31, 2019 | 26.18 |
| Sep 30, 2019 | 26.39 |
| Sep 30, 2019 | 26.39 |
| Jun 30, 2019 | 24.52 |
| Jun 30, 2019 | 24.52 |
| Mar 31, 2019 | 26.98 |
| Mar 31, 2019 | 26.98 |
| Dec 31, 2018 | 25.70 |
| Dec 31, 2018 | 25.70 |
| Sep 30, 2018 | 23.59 |
| Sep 30, 2018 | 23.59 |
| Jun 30, 2018 | 13.27 |
| Jun 30, 2018 | 13.27 |
| Mar 31, 2018 | 36.43 |
| Mar 31, 2018 | 36.43 |
| Dec 31, 2017 | -240.11 |
| Dec 31, 2017 | -240.11 |
| Sep 30, 2017 | 28.22 |
| Sep 30, 2017 | 28.22 |
| Jun 30, 2017 | 31.46 |
| Jun 30, 2017 | 31.46 |
| Mar 31, 2017 | 31.82 |
| Mar 31, 2017 | 31.82 |
| Dec 31, 2016 | 36.12 |
| Dec 31, 2016 | 36.12 |
| Jun 30, 2016 | 35.32 |
| Jun 30, 2016 | 35.32 |
| Mar 31, 2016 | 35.23 |
| Mar 31, 2016 | 35.23 |
| Dec 31, 2015 | 36.43 |
| Dec 31, 2015 | 36.43 |
| Sep 30, 2015 | 34.42 |
| Sep 30, 2015 | 34.42 |
| Jun 30, 2015 | 35.48 |
| Jun 30, 2015 | 35.48 |
| Mar 31, 2015 | 35.66 |
| Mar 31, 2015 | 35.66 |
| Dec 31, 2014 | 34.78 |
| Dec 31, 2014 | 34.78 |
| Sep 30, 2014 | 34.04 |
| Sep 30, 2014 | 34.04 |
| Jun 30, 2014 | 35.09 |
| Jun 30, 2014 | 35.09 |
| Mar 31, 2014 | 34.32 |
| Mar 31, 2014 | 34.32 |
| Dec 31, 2013 | 34.18 |
| Dec 31, 2013 | 34.18 |
| Sep 30, 2013 | 231.85 |
| Sep 30, 2013 | 231.85 |
| Jun 30, 2013 | 47.97 |
| Jun 30, 2013 | 47.97 |
| Mar 31, 2013 | 36.14 |
| Mar 31, 2013 | 36.14 |
| Dec 31, 2012 | 35.36 |
| Dec 31, 2012 | 35.36 |
| Sep 30, 2012 | 36.30 |
| Sep 30, 2012 | 36.30 |
| Jun 30, 2012 | 34.32 |
| Jun 30, 2012 | 34.32 |
| Mar 31, 2012 | 37.42 |
| Mar 31, 2012 | 37.42 |
| Dec 31, 2011 | 32.52 |
| Dec 31, 2011 | 32.52 |
| Sep 30, 2011 | 34.75 |
| Sep 30, 2011 | 34.75 |
| Jun 30, 2011 | 35.47 |
| Jun 30, 2011 | 35.47 |
| Mar 31, 2011 | 35.96 |
| Mar 31, 2011 | 35.96 |
| Dec 31, 2010 | 33.04 |
| Dec 31, 2010 | 33.04 |
| Sep 30, 2010 | 37.66 |
| Sep 30, 2010 | 37.66 |
| Jun 30, 2010 | 35.92 |
| Jun 30, 2010 | 35.92 |
| Mar 31, 2010 | 43.31 |
| Mar 31, 2010 | 43.31 |
| Dec 31, 2009 | 43.86 |
| Dec 31, 2009 | 43.86 |
| Sep 30, 2009 | 60.93 |
| Sep 30, 2009 | 60.93 |
| Jun 30, 2009 | 57.59 |
| Jun 30, 2009 | 57.59 |
| Mar 31, 2009 | 62.12 |
| Mar 31, 2009 | 62.12 |