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Keurig Dr Pepper KDP Q1 2026 earnings

Reported April 23, 2026 · Before market open

Revenue$4.0BBeat by $140.1MDiluted EPS$0.39Beat by $0.02
Revenue estimate$3.8B
EPS estimate$0.37

Next report

Aug 6, 2026 (In 3 weeks)
Revenue estimate$7.3B
EPS estimate$0.55

Financials

Q1 2026

Income statement

See full
Revenue$4.0B+9.4%
Gross profit$2.1B+5.7%
Operating income$756.0M-5.6%
Net income$270.0M-47.8%
EPS (diluted)$0.20-47.4%

Balance sheet

See full
Cash & equivalents$18.7B+2,392%
Total debt$24.8B+68.9%
Total equity$25.3B+3.3%
Total assets$73.1B+36.2%

Cash flow

See full
Operating cash flow$281.0M+34.4%
CapEx$116.0M-3.3%
Free cash flow$165.0M+85.4%

Valuation & ratios

Valuation

as of 07/09/26
See full
Market cap$42.14B-22.9%
Enterprise value$48.19B-30.7%
P/E23×-10.2×
P/S2.5×-1.0×

Profitability

See full
Gross margin53.8%-1.5pp
Operating margin20.8%+3.9pp
Net margin10.8%+0.2pp
FCF margin9.3%-2.4pp

Returns & leverage

See full
Return on equity7.4%+0.7pp
Debt / equity1×+0.4×
Current ratio2.3×+1.8×

Segments

By product

See full
LRB$2.9B+12.3%
K-cup pods$840.0M+0.8%
Other$153.0M+22.4%
Appliances$116.0M-6.5%

By segment

See full
U.S. Refreshment Beverages$2.6B+11.9%
U.S. Coffee$857.0M-2.3%
International$520.0M+19.5%

Versus estimates

Revenue

Q1 2026$4.0BBeat by $140.1M
Q4 2025$4.5BBeat by $137.8MQ3 2025$4.3BBeat by $153.0MQ2 2025$4.2BBeat by $26.8MQ1 2025$3.6BBeat by $68.4MQ4 2024$4.1BBeat by $58.6M

Diluted EPS

Q1 2026$0.39Beat by $0.02
Q4 2025$0.60Beat by $0.01Q3 2025$0.54Beat by $0.00Q2 2025$0.49Beat by $0.00Q1 2025$0.42Beat by $0.04Q4 2024$0.58Beat by $0.01

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Questions, answered.

When did Keurig Dr Pepper report Q1 2026 earnings?
Keurig Dr Pepper (KDP) reported Q1 2026 earnings on April 23, 2026 before market open.
What were Keurig Dr Pepper's Q1 2026 revenue and EPS?
Keurig Dr Pepper reported revenue of $4.0B and diluted EPS of $0.39 for Q1 2026.
Did Keurig Dr Pepper beat estimates in Q1 2026?
Revenue beat the consensus estimate of $3.8B by $140.1M. EPS beat the consensus estimate of $0.37 by $0.02.
How did Keurig Dr Pepper's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 9.4% from $3.6B a year earlier and diluted EPS declined 7.1% from $0.42.
Where can I find Keurig Dr Pepper's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001418135-26-000020) and the 10-Q periodic report (0001418135-26-000026) directly on SEC EDGAR. The filing index links above go to sec.gov.