Keurig Dr Pepper annual operating margin
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2025
Keurig Dr Pepper Operating Margin Growth & History (KDP)
Keurig Dr Pepper's operating margin was 21.53% for fiscal 2025.
View full Keurig Dr Pepper company overviewKeurig Dr Pepper annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 21.53% | +4.65 pp |
| 2024 | 2024-12-31 | 16.88% | −4.67 pp |
| 2023 | 2023-12-31 | 21.55% | +3.02 pp |
| 2022 | 2022-12-31 | 18.53% | −4.29 pp |
| 2021 | 2021-12-31 | 22.82% | +1.47 pp |
| 2020 | 2020-12-31 | 21.35% | −0.04 pp |
| 2019 | 2019-12-31 | 21.38% | +4.76 pp |
| 2018 | 2018-12-31 | 16.62% | −4.13 pp |
| 2017 · Dec 31 | 2017-12-31 | 20.75% | −1.50 pp |
| 2017 · Sep 30 | 2017-09-30 | 21.01% | — |
| 2016 | 2016-12-31 | 22.25% | +1.59 pp |
| 2015 | 2015-12-31 | 20.66% | +1.38 pp |
| 2014 | 2014-12-31 | 19.28% | +1.84 pp |
| 2013 | 2013-12-31 | 17.44% | −0.77 pp |
| 2012 | 2012-12-31 | 18.22% | +0.87 pp |
| 2011 | 2011-12-31 | 17.35% | −0.84 pp |
| 2010 | 2010-12-31 | 18.19% | −1.43 pp |
| 2009 | 2009-12-31 | 19.62% | +22.56 pp |
| 2008 | 2008-12-31 | −2.94% | — |
Keurig Dr Pepper quarterly operating margin
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Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 8.59% | −12.98 pp |
| Q1 2026 | 2026-03-31 | 19.01% | −3.02 pp |
| Q4 2025 | 2025-12-31 | 19.58% | +18.03 pp |
| Q3 2025 | 2025-09-30 | 23.11% | −0.07 pp |
| Q2 2025 | 2025-06-30 | 21.57% | −0.38 pp |
| Q1 2025 | 2025-03-31 | 22.04% | −0.02 pp |
| Q4 2024 | 2024-12-31 | 1.55% | −22.84 pp |
| Q3 2024 | 2024-09-30 | 23.18% | −0.37 pp |
| Q2 2024 | 2024-06-30 | 21.95% | +1.66 pp |
| Q1 2024 | 2024-03-31 | 22.06% | +4.64 pp |
| Q4 2023 | 2023-12-31 | 24.39% | +6.69 pp |
| Q3 2023 | 2023-09-30 | 23.55% | +12.67 pp |
| Q2 2023 | 2023-06-30 | 20.30% | +4.20 pp |
| Q1 2023 | 2023-03-31 | 17.42% | −13.97 pp |
| Q4 2022 | 2022-12-31 | 17.70% | −3.68 pp |
| Q3 2022 | 2022-09-30 | 10.88% | −13.58 pp |
| Q2 2022 | 2022-06-30 | 16.09% | −7.28 pp |
| Q1 2022 | 2022-03-31 | 31.38% | +9.33 pp |
| Q4 2021 | 2021-12-31 | 21.38% | −1.05 pp |
| Q3 2021 | 2021-09-30 | 24.46% | −0.47 pp |
| Q2 2021 | 2021-06-30 | 23.38% | +3.79 pp |
| Q1 2021 | 2021-03-31 | 22.05% | +4.22 pp |
| Q4 2020 | 2020-12-31 | 22.43% | −1.87 pp |
| Q3 2020 | 2020-09-30 | 24.93% | +4.72 pp |
| Q2 2020 | 2020-06-30 | 19.59% | −1.29 pp |
| Q1 2020 | 2020-03-31 | 17.83% | −2.05 pp |
| Q4 2019 | 2019-12-31 | 24.30% | +4.86 pp |
| Q3 2019 | 2019-09-30 | 20.21% | +7.58 pp |
| Q2 2019 | 2019-06-30 | 20.87% | +3.28 pp |
| Q1 2019 | 2019-03-31 | 19.89% | +1.11 pp |
| Q4 2018 | 2018-12-31 | 19.45% | −0.13 pp |
| Q3 2018 | 2018-09-30 | 12.63% | −8.25 pp |
| Q2 2018 | 2018-06-30 | 17.60% | −0.65 pp |
| Q1 2018 | 2018-03-31 | 18.78% | −4.16 pp |
| Q4 2017 · Dec 31 | 2017-12-31 | 19.57% | −2.19 pp |
| Q4 2017 · Sep 30 | 2017-09-30 | 20.88% | −1.33 pp |
| Q2 2017 | 2017-06-30 | 18.25% | −6.06 pp |
| Q1 2017 | 2017-03-31 | 22.93% | +1.88 pp |
| Q4 2016 | 2016-12-31 | 21.76% | +0.94 pp |
| Q3 2016 | 2016-09-30 | 22.20% | +1.53 pp |
| Q2 2016 | 2016-06-30 | 24.31% | +2.01 pp |
| Q1 2016 | 2016-03-31 | 21.05% | +2.44 pp |
| Q4 2015 | 2015-12-31 | 20.83% | +3.86 pp |
| Q3 2015 | 2015-09-30 | 20.67% | +0.71 pp |
| Q2 2015 | 2015-06-30 | 22.30% | +0.96 pp |
| Q1 2015 | 2015-03-31 | 18.61% | +0.01 pp |
| Q4 2014 | 2014-12-31 | 16.96% | −1.08 pp |
| Q3 2014 | 2014-09-30 | 19.96% | +0.52 pp |
| Q2 2014 | 2014-06-30 | 21.34% | +3.65 pp |
| Q1 2014 | 2014-03-31 | 18.60% | +4.32 pp |
| Q4 2013 | 2013-12-31 | 18.05% | −1.63 pp |
| Q3 2013 | 2013-09-30 | 19.44% | −0.71 pp |
| Q2 2013 | 2013-06-30 | 17.69% | −0.82 pp |
| Q1 2013 | 2013-03-31 | 14.28% | +0.18 pp |
| Q4 2012 | 2012-12-31 | 19.68% | +1.13 pp |
| Q3 2012 | 2012-09-30 | 20.16% | +3.09 pp |
| Q2 2012 | 2012-06-30 | 18.51% | +0.18 pp |
| Q1 2012 | 2012-03-31 | 14.10% | −1.08 pp |
| Q4 2011 | 2011-12-31 | 18.55% | −0.43 pp |
| Q3 2011 | 2011-09-30 | 17.07% | −0.77 pp |
| Q2 2011 | 2011-06-30 | 18.33% | −2.08 pp |
| Q1 2011 | 2011-03-31 | 15.18% | +0.19 pp |
| Q4 2010 | 2010-12-31 | 18.98% | +0.47 pp |
| Q3 2010 | 2010-09-30 | 17.84% | −1.12 pp |
| Q2 2010 | 2010-06-30 | 20.41% | +0.35 pp |
| Q1 2010 | 2010-03-31 | 14.98% | −6.05 pp |
| Q4 2009 | 2009-12-31 | 18.51% | — |
| Q3 2009 | 2009-09-30 | 18.97% | — |
| Q2 2009 | 2009-06-30 | 20.05% | — |
| Q1 2009 | 2009-03-31 | 21.03% | — |
Keurig Dr Pepper operating margin trends
Over the last five fiscal years, Keurig Dr Pepper's operating margin increased from 21.35% to 21.53%, a change of +0.19 percentage points. The latest reported quarter, Q2 2026, shows 8.59%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Keurig Dr Pepper source filings ↗