Keurig Dr Pepper Inc. (KDP) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2025)
KDP's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
KDP Revenue Analysis (2014–2025)
As of February 28, 2026, Keurig Dr Pepper Inc. (KDP) generated trailing twelve-month (TTM) revenue of $16.60 billion, reflecting strong growth of +10.5% year-over-year. The most recent quarter (Q4 2025) recorded $4.50 billion in revenue, up 4.5% sequentially.
Looking at the longer-term picture, KDP's 5-year compound annual growth rate (CAGR) stands at +7.4%, indicating steady revenue expansion. The company achieved its highest annual revenue of $16.60 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows KDP's business is primarily driven by LRB (70%), K-Cup Pods (23%), and Appliances (4%). With over half of revenue concentrated in LRB, the company maintains significant focus in this area while developing other growth vectors.
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $16.60B | +8.2% | $8.70B | 52.4% | $3.65B | 22.0% |
| 2024 | $15.35B | +3.6% | $8.53B | 55.6% | $2.59B | 16.9% |
| 2023 | $14.81B | +5.4% | $8.08B | 54.5% | $3.19B | 21.5% |
| 2022 | $14.06B | +10.8% | $7.32B | 52.1% | $2.60B | 18.5% |
| 2021 | $12.68B | +9.2% | $6.98B | 55.0% | $2.89B | 22.8% |
| 2020 | $11.62B | +4.5% | $6.49B | 55.8% | $2.48B | 21.3% |
| 2019 | $11.12B | +49.4% | $6.34B | 57.0% | $2.38B | 21.4% |
| 2018 | $7.44B | +11.2% | $3.88B | 52.2% | $1.24B | 16.6% |
| 2017 | $6.69B | +3.9% | $4.00B | 59.7% | $1.39B | 20.7% |
| 2016 | $6.44B | +2.5% | $3.86B | 59.9% | $1.43B | 22.3% |
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Start ComparisonFrequently Asked Questions
Is KDP's revenue growth accelerating or slowing?
KDP maintains +10.5% revenue growth, in line with its 5-year CAGR of +7.4%. TTM revenue stands at $16.6B. Growth rate remains consistent with historical average.
What is KDP's long-term revenue growth rate?
Keurig Dr Pepper Inc.'s 5-year revenue CAGR of +7.4% reflects the sustained expansion pattern. Current YoY growth of +10.5% is near this long-term average.
How is KDP's revenue distributed by segment?
KDP reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.