Keurig Dr Pepper Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 9, 2026
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Income Taxes
- Income Taxes
Our effective tax rates were as follows:
| Third Quarter | First Nine Months | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Effective tax rate | 21.5% | 22.3% | 23.6% | 22.6% |
For the third quarter of 2026, the change in our effective tax rate was driven by a favorable shift in the mix of income from higher tax jurisdictions to lower tax jurisdictions, partially offset by an unfavorable comparison to the impact of non-recurring purchased tax credits in the third quarter of 2025.
For the first nine months of 2026, the change in our effective tax rate was driven by a non-cash revaluation of state deferred tax liabilities as a result of the JDE Peet's Acquisition and an unfavorable comparison to the impact of non-recurring purchased tax credits in the first nine months of 2025, partially offset by discrete tax impacts associated with the completion of the JV Investment and the creation of the Pod Manufacturing JV.
CASH PAID FOR INCOME TAXES
We paid $518 million and $322 million in cash for income taxes, net of refunds received, during the first nine months of 2026 and 2025, respectively.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.