Short answer
Keurig Dr Pepper (KDP) filed its Q3 2025 10-Q quarterly report on Oct 28, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $4.3B (up 10.7% year over year) with net income of $662M.
Q3 2025 key financials · XBRL
- Revenue
- $4.3B
- +10.7% YoY · +3.4% QoQ
- Net income
- $662M
- +7.5% YoY · +21.0% QoQ
- Operating margin
- 23.1%
- Gross margin
- 54.3%
- EPS (diluted)
- $0.49
- +6.5% YoY · +22.5% QoQ
Source: XBRL data from the Keurig Dr Pepper (KDP) Q3 2025 10-Q on SEC EDGAR. USD.
Keurig Dr Pepper Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Operating cash flow down $91M for first nine months 2025 vs 2024, driven by lower net income adjusted for non-cash items
- Capital expenditures $338M for first nine months 2025 vs $398M YoY, including $151M in payables for manufacturing investments
- Dividends declared $0.69 per share in first nine months 2025 up from $0.66 per share in 2024
- No common stock repurchases in first nine months 2025; $1.81B remaining authorized under $4B program
- Credit rating outlooks negative/under review due to JDE Peet's Acquisition and Bridge Credit Agreement impacts
Risk Factors
- Newly added acquisition risk: Completion of JDE Peet's Acquisition expected H1 2026 depends on minimum 95% tender, regulatory approvals, and closing conditions
- Most materially updated financial risk: Incurrence of significant debt for JDE Peet's Acquisition may lower credit ratings, affect borrowing costs, liquidity, and financial flexibility
- Impactful regulatory/legal risk: Potential securities lawsuits and government inquiries related to JDE Peet's Acquisition could cause substantial costs and delay completion
- Operational/market risk: Integration challenges of JDE Peet's, including cultural, operational, and retention issues, may increase costs and disrupt growth
- Financial risk: JV Investment of $4B for Pod Manufacturing JV introduces governance restrictions, reduces cash flow from distributions, and may dilute common shareholders
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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