Keurig Dr Pepper Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 9, 2026, reporting third-quarter net sales of $7,344 million and net income attributable to KDP of $882 million.

Key Highlights

  • Net sales: $7,344 million for the third quarter of 2026, compared to $4,306 million in the third quarter of 2025, according to the filing.
  • Net income attributable to KDP: $882 million for Q3 2026, versus $662 million in Q3 2025, as reported.
  • Diluted EPS: $0.59 per common share for Q3 2026, compared to $0.49 in Q3 2025, per the filing.
  • Gain on sale of equity method investment: $400 million recognized in Q3 2026, with no comparable amount in Q3 2025.
  • First nine months net sales: $18,629 million in 2026, up from $12,104 million in the first nine months of 2025, the filing disclosed.
  • Shares outstanding: 1,360,948,350 shares of common stock as of November 5, 2026, per the cover page.
  • JDE Peet's Acquisition: The filing identifies the acquisition of JDE Peet's as completed on April 1, 2026, a transaction that did not exist in the comparable prior-year period.

Keurig Dr Pepper's Third Quarter 2026 Financial Results and JDE Peet's Impact

Keurig Dr Pepper Inc. (NASDAQ:KDP), headquartered in Frisco, Texas, filed its quarterly report covering the period ended September 30, 2026. The company reported third-quarter net sales of $7,344 million, compared to $4,306 million in the same quarter of 2025. The filing attributes the larger revenue base in 2026 in part to the JDE Peet's Acquisition, which the filing states was completed on April 1, 2026, and which added JDE Peet's N.V. - later renamed JDEP Coffee B.V. on May 1, 2026 - to KDP's consolidated operations.

Gross profit for Q3 2026 was $3,525 million, compared to $2,340 million in Q3 2025. Income from operations was $1,333 million for the third quarter of 2026, up from $995 million in the same quarter of 2025, according to the filing. Interest expense, net, rose to $474 million in Q3 2026 from $188 million in Q3 2025, which the filing reflects alongside increased borrowings related to the acquisition. A gain on sale of an equity method investment of $400 million was recorded in Q3 2026 with no corresponding amount in the prior-year quarter.

For the first nine months of 2026, the filing reported net sales of $18,629 million versus $12,104 million for the same period in 2025, and net income attributable to KDP of $1,294 million compared to $1,726 million in the first nine months of 2025. Net income attributable to non-controlling interests was $138 million for the first nine months of 2026 and $70 million for Q3 2026 alone, with no comparable amounts in 2025, reflecting the consolidation of entities acquired or structured in connection with the JDE Peet's transaction and the Pod Manufacturing JV. The filing also references an announced intended separation of KDP's beverage and coffee portfolios into two independent, publicly traded companies, described as announced on August 25, 2025.

What Was Disclosed

Keurig Dr Pepper filed its 10-Q for Q3 2026, disclosing third-quarter net sales of $7,344 million, diluted EPS of $0.59, a $400 million gain on sale of an equity method investment, and the consolidation of JDE Peet's following its April 1, 2026 acquisition.