Filing Flows › Keurig Dr Pepper (KDP) › Q3 2026 › vs Q2 2026
Keurig Dr Pepper (KDP) Q3 2026 vs Q2 2026 (quarter over quarter)
Keurig Dr Pepper's revenue rose $35.0M (+0.5%) from $7.3B in Q2 2026 to $7.3B in Q3 2026. Gross margin 48.0% against 41.9% (+6.1 pts).
Keurig Dr Pepper, Q3 2026: revenue $7.3B (+71% year over year), operating margin 18.2%, net earnings $882M, operating cash flow $1.0B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 48.0% | 41.9% | +6.1 pts |
| Operating margin | 18.2% | 8.6% | +9.6 pts |
| Net margin | 12.0% | 1.9% | +10.1 pts |
| Free cash flow margin | 12.0% | 9.8% | +2.3 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $7.3B | $7.3B | $35.0M | +0.5% |
| Gross profit | $3.5B | $3.1B | $459M | +15% |
| Cost of revenue | $3.8B | $4.2B | −$424M | -10% |
| Operating profit | $1.3B | $628M | $705M | +112% |
| Operating expenses | $2.2B | $2.4B | −$246M | -10% |
| Pre-tax earnings | $1.2B | $305M | $907M | +297% |
| Other expense, net | $121M | $323M | −$202M | -63% |
| SG&A | $2.1B | $2.4B | −$260M | -11% |
| Other operating costs | $55.0M | $41.0M | $14.0M | +34% |
| Net earnings | $882M | $142M | $740M | +521% |
| Minority interests | $70.0M | $68.0M | $2.0M | +3% |
| Income tax | $260M | $95.0M | $165M | +174% |
| Depreciation | $205M | $332M | −$127M | -38% |
| Working capital & other | $43.0M | −$389M | $432M | — |
| Operating cash flow | $1.0B | $895M | $149M | +17% |
| Free cash flow (OCF − capex) | $884M | $714M | $170M | +24% |
| Capital expenditures | $160M | $181M | −$21.0M | -12% |
Questions
How much did Keurig Dr Pepper's revenue grow quarter over quarter in Q3 2026?
Keurig Dr Pepper's revenue rose $35.0M (+0.5%) from $7.3B in Q2 2026 to $7.3B in Q3 2026. Gross margin 48.0% against 41.9% (+6.1 pts).