Keurig Dr Pepper Inc. (KDP) Financial Statements
Keurig Dr Pepper financial statements at a glance
Keurig Dr Pepper reported revenue of $16.60 billion for fiscal year 2025 (ended December 31, 2025), up 8.2% from fiscal year 2024. Net income was $2.08 billion, a net margin of 12.5%.
At the end of fiscal year 2025 it had total assets of $55.46 billion, total liabilities of $29.94 billion and shareholders' equity of $25.52 billion, with cash and short-term investments of $1.03 billion and total debt of $16.14 billion.
Its operations brought in $1.99 billion of cash; capital spending was $503.00 million, leaving free cash flow of $1.49 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Keurig Dr Pepper Inc.
Income Statement
Annual • USD
Keurig Dr Pepper key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $16.6B | $15.4B | $14.8B | $14.1B | $12.7B |
| Gross profit | $9.0B | $8.5B | $8.1B | $7.3B | $7.0B |
| Operating income | $3.7B | $3.3B | $3.2B | $2.8B | $2.9B |
| Net income | $2.1B | $1.4B | $2.2B | $1.4B | $2.1B |
| Diluted EPS | – | $1.05 | $1.55 | $1.01 | $1.50 |
| Total assets | $55.5B | $53.4B | $52.1B | $51.8B | $50.6B |
| Total liabilities | $29.9B | $29.2B | $26.5B | $26.7B | $25.6B |
| Shareholders' equity | $25.5B | $24.2B | $25.7B | $25.1B | $25.0B |
| Cash and short-term investments | $1.0B | $510.0M | $267.0M | $535.0M | $567.0M |
| Total debt | $16.1B | $17.3B | $14.8B | $13.6B | $13.3B |
| Operating cash flow | $2.0B | $2.2B | $1.3B | $2.8B | $2.9B |
| Capital spending | $503.0M | $622.0M | $481.0M | $379.0M | $455.0M |
| Free cash flow | $1.5B | $1.6B | $848.0M | $2.5B | $2.4B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Keurig Dr Pepper's revenue in fiscal year 2025?
$16.60 billion, up 8.2% from $15.35 billion in fiscal year 2024.
How much profit does Keurig Dr Pepper make?
Keurig Dr Pepper reported net income of $2.08 billion for fiscal year 2025 (12.5% of revenue); operating income was $3.65 billion.
How much cash and debt does Keurig Dr Pepper have?
At the end of fiscal year 2025: cash and short-term investments of $1.03 billion and total debt of $16.14 billion.
What is Keurig Dr Pepper's free cash flow?
$1.49 billion in fiscal year 2025 (operating cash flow of $1.99 billion minus capital spending of $503.00 million).
