KDP · 10-Q · 2026Q3 · Full report

Net Income and Profitability

Keurig Dr Pepper Inc. · 2026-11-09 · Importance 45 · Surprise 56 · No source text

First-nine-month net income fell 17.0% to $1,432 million, and net income attributable to KDP declined 25.0% to $1,294 million. Increased interest and other expense drove the decline, partly offset by the $400 million gain on the sale of KDP’s Chobani equity-method investment. Diluted EPS decreased 33.1% to $0.85, reflecting lower income attributable to KDP and income allocated to Preferred Investors.

Key facts

• Keurig Dr Pepper's third-quarter 2026 income from operations increased 34.0% to $1,333 million from $995 million in the third quarter of 2025. source
• Keurig Dr Pepper's first-nine-month 2026 net income decreased 17.0% to $1,432 million; KDP-attributable net income was $1,294 million, including $138 million attributable to non-controlling interests, primarily the Pod Manufacturing JV. source
• Keurig Dr Pepper's first-nine-month 2026 income from operations increased 0.9% to $2,717 million, as increased gross profit was mostly offset by higher SG&A and other operating expenses. source
• Keurig Dr Pepper's first-nine-month 2026 diluted EPS decreased 33.1% to $0.85 from $1.27 in the first nine months of 2025. source
• Keurig Dr Pepper's third-quarter 2026 net income was $952 million, compared with $662 million in the third quarter of 2025; KDP-attributable net income was $882 million, including $70 million attributable to non-controlling interests, primarily the Pod Manufacturing JV. source
• Keurig Dr Pepper's third-quarter 2026 diluted EPS was $0.59, compared with $0.49 in the third quarter of 2025, an increase of 20.4%. source

Impact estimates