Keurig Dr Pepper (KDP) 10-K Summary — Year Ended Dec 31, 2025
Keurig Dr Pepper reported higher revenue and net income for the latest fiscal year. Operating cash flow remained strong, supporting its business activities.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Keurig Dr Pepper reported higher revenue and net income for the latest fiscal year. Operating cash flow remained strong, supporting its business activities.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$16.6B
Revenue reported for the fiscal year.
Operating income
$3.6B
Income from operations reported for the year.
Net income
$2.1B
Net income reported for the year.
Operating cash flow
$2B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $14.1B | +10.8% |
| Dec 31, 2023 | $14.8B | +5.4% |
| Dec 31, 2024 | $15.4B | +3.6% |
| Dec 31, 2025 | $16.6B | +8.2% |
Business overview
The company's business is described in the Business Overview section of the filing, which covers its operations and market presence. It is a beverage company with a portfolio of brands and products.
Financial performance
Revenue continued a multi-year upward trend compared to prior periods. Operating income and net income also showed positive results, reflecting overall financial strength.
Material risks
The filing's Risk Factors section identifies material risks that could affect the company's operations and financial condition. These include market, operational, and regulatory factors.
Liquidity and capital
The Liquidity and Capital Resources section discusses the company's cash flow generation and capital allocation approach.
What to watch
Monitor revenue growth and operating cash flow in the next filing for signs of sustained performance.