Keurig Dr Pepper annual operating expenses
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Keurig Dr Pepper Operating Expenses Growth & History (KDP)
Keurig Dr Pepper's operating expenses was $5.42B for fiscal 2025.
View full Keurig Dr Pepper company overviewKeurig Dr Pepper annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $5.42B | −$514.0M | −8.66% |
| 2024 | 2024-12-31 | $5.94B | $1.05B | +21.48% |
| 2023 | 2023-12-31 | $4.89B | $170.0M | +3.60% |
| 2022 | 2022-12-31 | $4.72B | $635.0M | +15.55% |
| 2021 | 2021-12-31 | $4.08B | $77.0M | +1.92% |
| 2020 | 2020-12-31 | $4.01B | $42.0M | +1.06% |
| 2019 | 2019-12-31 | $3.96B | $1.32B | +49.87% |
| 2018 | 2018-12-31 | $2.65B | $38.0M | +1.46% |
| 2017 · Dec 31 | 2017-12-31 | $2.61B | $182.0M | +7.51% |
| 2017 · Sep 30 | 2017-09-30 | $1.15B | — | — |
| 2016 | 2016-12-31 | $2.42B | $0 | 0.00% |
| 2015 | 2015-12-31 | $2.42B | −$25.0M | −1.02% |
| 2014 | 2014-12-31 | $2.45B | −$2.0M | −0.08% |
| 2013 | 2013-12-31 | $2.45B | $49.0M | +2.04% |
| 2012 | 2012-12-31 | $2.40B | $9.0M | +0.38% |
| 2011 | 2011-12-31 | $2.39B | $26.0M | +1.10% |
| 2010 | 2010-12-31 | $2.37B | $156.0M | +7.05% |
| 2009 | 2009-12-31 | $2.21B | −$1.08B | −32.73% |
| 2008 | 2008-12-31 | $3.29B | — | — |
Keurig Dr Pepper quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $2.44B | $1.08B | +79.66% |
| Q1 2026 | 2026-03-31 | $1.34B | $158.0M | +13.34% |
| Q4 2025 | 2025-12-31 | $1.54B | −$676.0M | −30.53% |
| Q3 2025 | 2025-09-30 | $1.34B | $107.0M | +8.64% |
| Q2 2025 | 2025-06-30 | $1.36B | $46.0M | +3.51% |
| Q1 2025 | 2025-03-31 | $1.18B | $9.0M | +0.77% |
| Q4 2024 | 2024-12-31 | $2.21B | $973.0M | +78.40% |
| Q3 2024 | 2024-09-30 | $1.24B | $23.0M | +1.89% |
| Q2 2024 | 2024-06-30 | $1.31B | $39.0M | +3.07% |
| Q1 2024 | 2024-03-31 | $1.18B | $15.0M | +1.29% |
| Q4 2023 | 2023-12-31 | $1.24B | −$82.0M | −6.20% |
| Q3 2023 | 2023-09-30 | $1.22B | −$292.0M | −19.38% |
| Q2 2023 | 2023-06-30 | $1.27B | $68.0M | +5.65% |
| Q1 2023 | 2023-03-31 | $1.16B | $476.0M | +69.59% |
| Q4 2022 | 2022-12-31 | $1.32B | $276.0M | +26.36% |
| Q3 2022 | 2022-09-30 | $1.51B | $467.0M | +44.90% |
| Q2 2022 | 2022-06-30 | $1.20B | $168.0M | +16.22% |
| Q1 2022 | 2022-03-31 | $684.0M | −$276.0M | −28.75% |
| Q4 2021 | 2021-12-31 | $1.05B | −$21.0M | −1.97% |
| Q3 2021 | 2021-09-30 | $1.04B | $89.0M | +9.36% |
| Q2 2021 | 2021-06-30 | $1.04B | $35.0M | +3.50% |
| Q1 2021 | 2021-03-31 | $960.0M | −$26.0M | −2.64% |
| Q4 2020 | 2020-12-31 | $1.07B | $88.0M | +8.98% |
| Q3 2020 | 2020-09-30 | $951.0M | −$94.0M | −9.00% |
| Q2 2020 | 2020-06-30 | $1.00B | −$38.0M | −3.66% |
| Q1 2020 | 2020-03-31 | $986.0M | $86.0M | +9.56% |
| Q4 2019 | 2019-12-31 | $980.0M | −$18.0M | −1.80% |
| Q3 2019 | 2019-09-30 | $1.04B | $25.0M | +2.45% |
| Q2 2019 | 2019-06-30 | $1.04B | $715.0M | +220.68% |
| Q1 2019 | 2019-03-31 | $900.0M | $597.0M | +197.03% |
| Q4 2018 | 2018-12-31 | $998.0M | $700.0M | +234.90% |
| Q3 2018 | 2018-09-30 | $1.02B | $698.0M | +216.77% |
| Q2 2018 | 2018-06-30 | $324.0M | $48.0M | +17.39% |
| Q1 2018 | 2018-03-31 | $303.0M | $36.0M | +13.48% |
| Q4 2017 · Dec 31 | 2017-12-31 | $298.0M | $16.0M | +5.67% |
| Q4 2017 · Sep 30 | 2017-09-30 | $322.0M | −$302.0M | −48.40% |
| Q2 2017 | 2017-06-30 | $276.0M | −$337.0M | −54.98% |
| Q1 2017 | 2017-03-31 | $267.0M | −$305.0M | −53.32% |
| Q4 2016 | 2016-12-31 | $282.0M | −$332.0M | −54.07% |
| Q3 2016 | 2016-09-30 | $624.0M | $4.0M | +0.65% |
| Q2 2016 | 2016-06-30 | $613.0M | $1.0M | +0.16% |
| Q1 2016 | 2016-03-31 | $572.0M | −$7.0M | −1.21% |
| Q4 2015 | 2015-12-31 | $614.0M | −$25.0M | −3.91% |
| Q3 2015 | 2015-09-30 | $620.0M | $11.0M | +1.81% |
| Q2 2015 | 2015-06-30 | $612.0M | −$6.0M | −0.97% |
| Q1 2015 | 2015-03-31 | $579.0M | −$5.0M | −0.86% |
| Q4 2014 | 2014-12-31 | $639.0M | $23.0M | +3.73% |
| Q3 2014 | 2014-09-30 | $609.0M | $16.0M | +2.70% |
| Q2 2014 | 2014-06-30 | $618.0M | −$32.0M | −4.92% |
| Q1 2014 | 2014-03-31 | $584.0M | −$9.0M | −1.52% |
| Q4 2013 | 2013-12-31 | $616.0M | $29.0M | +4.94% |
| Q3 2013 | 2013-09-30 | $593.0M | −$1.0M | −0.17% |
| Q2 2013 | 2013-06-30 | $650.0M | $14.0M | +2.20% |
| Q1 2013 | 2013-03-31 | $593.0M | $7.0M | +1.19% |
| Q4 2012 | 2012-12-31 | $587.0M | $1.0M | +0.17% |
| Q3 2012 | 2012-09-30 | $594.0M | −$2.0M | −0.34% |
| Q2 2012 | 2012-06-30 | $636.0M | $6.0M | +0.95% |
| Q1 2012 | 2012-03-31 | $586.0M | $4.0M | +0.69% |
| Q4 2011 | 2011-12-31 | $586.0M | −$4.0M | −0.68% |
| Q3 2011 | 2011-09-30 | $596.0M | −$1.0M | −0.17% |
| Q2 2011 | 2011-06-30 | $630.0M | $14.0M | +2.27% |
| Q1 2011 | 2011-03-31 | $582.0M | $17.0M | +3.01% |
| Q4 2010 | 2010-12-31 | $590.0M | $13.0M | +2.25% |
| Q3 2010 | 2010-09-30 | $597.0M | $14.0M | +2.40% |
| Q2 2010 | 2010-06-30 | $616.0M | $28.0M | +4.76% |
| Q1 2010 | 2010-03-31 | $565.0M | $101.0M | +21.77% |
| Q4 2009 | 2009-12-31 | $577.0M | — | — |
| Q3 2009 | 2009-09-30 | $583.0M | — | — |
| Q2 2009 | 2009-06-30 | $588.0M | — | — |
| Q1 2009 | 2009-03-31 | $464.0M | — | — |
Keurig Dr Pepper operating expenses trends
Over the last five fiscal years, Keurig Dr Pepper's operating expenses increased from $4.01B to $5.42B, a change of $1.42B. The latest reported quarter, Q2 2026, shows $2.44B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Keurig Dr Pepper source filings ↗