Keurig Dr Pepper Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	16,603	15,351	14,814	14,057	12,683
Revenue Growth (YoY)	8.16%	3.62%	5.38%	10.83%	9.17%
Cost of Revenue	7,604	6,822	6,734	6,734	5,706
Gross Profit	8,999	8,529	8,080	7,323	6,977
Selling, General & Admin	4,874	4,525	4,488	4,283	3,765
Research & Development	70	70	66	65	66
Amortization of Goodwill & Intangibles	138	133	137	-	-
Other Operating Expenses	-4	217	-9	-69	-60
Operating Expenses	5,287	5,133	4,853	4,449	3,948
Operating Income	3,712	3,396	3,227	2,874	3,029
Interest Expense	-754	-735	-496	-693	-500
Earnings From Equity Investments	81	42	33	-5	-5
Currency Exchange Gain (Loss)	-36	10	-5	9	-
Other Non Operating Income (Expenses)	-175	10	35	-19	4
EBT Excluding Unusual Items	2,828	2,723	2,794	2,166	2,528
Merger & Restructuring Charges	-63	-91	-35	-172	-202
Impairment of Goodwill	-	-306	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	38	507
Gain (Loss) on Sale of Assets	-	-	-	82	70
Asset Writedown	-78	-412	-2	-477	-
Legal Settlements	-	-	-	299	-
Other Unusual Items	-	-	-	-217	-105
Pretax Income	2,687	1,914	2,757	1,719	2,798
Income Tax Expense	608	473	576	284	653
Earnings From Continuing Operations	2,079	1,441	2,181	1,435	2,145
Minority Interest in Earnings	-	-	-	1	1
Net Income	2,079	1,441	2,181	1,436	2,146
Net Income to Common	2,079	1,441	2,181	1,436	2,146
Net Income Growth	44.27%	-33.93%	51.88%	-33.09%	61.96%
Shares Outstanding (Basic)	1,358	1,362	1,399	1,417	1,416
Shares Outstanding (Diluted)	1,363	1,368	1,408	1,429	1,428
Shares Change (YoY)	-0.40%	-2.85%	-1.41%	0.04%	0.41%
EPS (Basic)	1.53	1.06	1.56	1.01	1.52
EPS (Diluted)	1.53	1.05	1.55	1.01	1.50
EPS Growth	45.71%	-32.26%	53.46%	-32.67%	61.29%
Free Cash Flow	1,505	1,656	904	2,484	2,451
Free Cash Flow Per Share	1.10	1.21	0.64	1.74	1.72
Dividend Per Share	0.920	0.890	0.830	0.775	0.713
Dividend Growth	3.37%	7.23%	7.10%	8.77%	18.75%
Gross Margin	54.20%	55.56%	54.54%	52.09%	55.01%
Operating Margin	22.36%	22.12%	21.78%	20.45%	23.88%
Profit Margin	12.52%	9.39%	14.72%	10.22%	16.92%
Free Cash Flow Margin	9.06%	10.79%	6.10%	17.67%	19.32%
EBITDA	4,465	4,129	3,947	3,583	3,737
EBITDA Margin	26.89%	26.90%	26.64%	25.49%	29.47%
D&A For EBITDA	753	733	720	709	708
EBIT	3,712	3,396	3,227	2,874	3,029
EBIT Margin	22.36%	22.12%	21.78%	20.45%	23.88%
Effective Tax Rate	22.63%	24.71%	20.89%	16.52%	23.34%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.