Keurig Dr Pepper Inc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Keurig Dr Pepper Inc (KDP). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| U.S. Refreshment Beverages | – | $7.12B 56.1% | $8.08B 57.5% · +13.5% | $8.82B 59.5% · +9.1% | $9.33B 60.8% · +5.8% | $10.44B 62.9% · +11.9% |
| U.S. Coffee | – | $4.09B 32.2% | $4.30B 30.6% · +5.2% | $4.07B 27.5% · -5.4% | $3.97B 25.8% · -2.6% | $3.99B 24.0% · +0.6% |
| International | – | $1.47B 11.6% | $1.67B 11.9% · +13.4% | $1.92B 13.0% · +15.0% | $2.05B 13.4% · +6.8% | $2.17B 13.1% · +5.9% |
| Coffee Systems | $4.43B 38.2% | – | – | – | – | – |
| Packaged Beverages | $5.36B 46.2% | – | – | – | – | – |
| Beverage Concentrates | $1.33B 11.4% | – | – | – | – | – |
| Latin America Beverages | $497.0M 4.3% | – | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| U.S. Refreshment Beverages | – | $1.96B 27.5% | $1.96B 24.3% | $2.48B 28.1% | – | – |
| U.S. Coffee | – | $1.31B 31.9% | $1.22B 28.2% | $1.16B 28.4% | – | – |
| International | – | $382.0M 25.9% | $373.0M 22.3% | $475.0M 24.7% | – | – |
| Coffee Systems | $1.40B 31.5% | – | – | – | – | – |
| Packaged Beverages | $835.0M 15.6% | – | – | – | – | – |
| Beverage Concentrates | $935.0M 70.6% | – | – | – | – | – |
| Latin America Beverages | $105.0M 21.1% | – | – | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| U.S. | $10.32B 88.8% | $11.27B 88.8% · +9.2% | $12.45B 88.6% · +10.5% | $12.96B 87.5% · +4.1% | $13.37B 87.1% · +3.1% | $14.50B 87.3% · +8.5% |
| International | $1.30B 11.2% | $1.42B 11.2% · +8.9% | $1.60B 11.4% · +13.2% | $1.85B 12.5% · +15.6% | $1.98B 12.9% · +7.0% | $2.10B 12.7% · +6.0% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| LRB | – | $7.83B 61.7% | $8.94B 63.6% · +14.2% | $9.91B 66.9% · +10.8% | $10.57B 68.8% · +6.7% | $11.60B 69.9% · +9.8% |
| Pods | – | $3.55B 28.0% | $3.77B 26.8% · +6.4% | $3.68B 24.9% · -2.3% | $3.61B 23.5% · -1.9% | $3.78B 22.7% · +4.5% |
| Appliances | $850.0M 7.3% | $907.0M 7.2% · +6.7% | $923.0M 6.6% · +1.8% | $799.0M 5.4% · -13.4% | $772.0M 5.0% · -3.4% | $646.0M 3.9% · -16.3% |
| Other | – | $400.0M 3.2% | $424.0M 3.0% · +6.0% | $426.0M 2.9% · +0.5% | $399.0M 2.6% · -6.3% | $578.0M 3.5% · +44.9% |
| CSD | $4.15B 35.8% | – | – | – | – | – |
| NCB | $2.62B 22.6% | – | – | – | – | – |
| Pods | $3.37B 29.0% | – | – | – | – | – |
| Other | $623.0M 5.4% | – | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.