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Keurig Dr Pepper logo

Keurig Dr Pepper Business Segments

Business, geographic, and product segment breakdowns

Keurig Dr Pepper generates $16.9B in annual revenue across 3 key segments: International ($2.3B), U.S. Coffee ($857.0M), and U.S. Refreshment Beverages ($2.6B). The company-wide operating margin is 20.83%. Based on the Q1 2026 filing.

International (TTM)$2.3BU.S. Coffee$857.0MU.S. Refreshment Beverages$2.6B
Latest FilingQ1 2026
Report Date2026-04-23
Market Cap$42.5B
P/E Ratio23.19
ROE7.37%

Products & Services

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
LRB$2.7B$2.6B$3B$3B$3B$2.9B
K-cup pods$1B$833M$905M$935M$1.1B$840M
Other$99M$125M$146M$144M$163M$153M
Appliances$227M$124M$134M$183M$205M$116M

Geographic

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net Sales$495.8M$525.3M$525.3M$525.3M$525.3M—
Property, plant, and equipment, net$514M———$573M—

Business Segments

Cost of Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
U.S. Refreshment Beverages—$937M$1.1B$1.1B—$1.1B
U.S. Coffee—$523M$551M$586M—$539M
International$253M$228M$260M$287M$308M$290M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
U.S. Refreshment Beverages$8.9B$8.9B$8.9B$8.9B$8.9B$8.9B
U.S. Coffee$8.6B$8.6B$8.6B$8.6B$8.6B$8.6B
International$2.6B$2.6B$2.7B$2.7B$2.8B$2.7B

Goodwill, Foreign Currency Translation, Gain (Loss)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
International-$156M$9M$150M—$49M-$37M
U.S. Coffee—$0$0$0—$0
U.S. Refreshment Beverages—$0$0$0—$0

Income from operations

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
U.S. Refreshment Beverages—$654M$746M$802M—$721M
U.S. Coffee—$202M$233M$237M—$160M
International$126M$90M$143M$153M$160M$85M

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
U.S. Refreshment Beverages—$2.3B$2.7B$2.7B—$2.6B
U.S. Coffee—$877M$948M$991M—$857M
International$499M$435M$555M$580M$604M$520M

Selling, general, and administrative expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
U.S. Refreshment Beverages—$733M$815M$813M—$812M
U.S. Coffee—$151M$163M$166M—$158M
International$121M$119M$152M$140M$137M$145M