# Who are Keurig Dr Pepper Inc.'s customers? Who does Keurig Dr Pepper Inc. earn revenue from?
Canonical: https://valuechain.wiki/keurig-dr-pepper · Facet: customers · Updated: 2026-09-12T00:00:30.769493+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Keurig Dr Pepper Inc.'s confirmed revenue counterparties include Walmart Inc., PepsiCo, Inc.. Per the valuechain.wiki graph: 2 revenue edges, backed by 2 dated sources, 2 of them primary filings (as of 2026-09-12).

### Walmart Inc (high)  → /walmart.md
- metric: Revenue share 16 percent · FY2025 · Walmart's share of KDP consolidated net sales
- note: Walmart is KDP's largest retail customer and purchases products across every reportable segment. The disclosed customer revenue concentration is recorded in the metric.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-24) https://www.sec.gov/Archives/edgar/data/1418135/000141813526000016/kdp-20251231.htm: "approximately 16%"

### PepsiCo (high)  → /pepsico.md
- note: KDP grants carbonated-soft-drink manufacturing and distribution rights to PepsiCo-affiliated bottlers and sells products directly to partners and customers. PepsiCo independently confirms that it manufactures and distributes KDP-licensed Dr Pepper, Crush, and Schweppes; counterparty-specific revenue is not disclosed.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-24) https://www.sec.gov/Archives/edgar/data/1418135/000141813526000016/kdp-20251231.htm: "partners or customers, as they purchase products directly from us"
- [confirms] SEC EDGAR (EN, filing, published 2026-02-03) https://www.sec.gov/Archives/edgar/data/77476/000007747626000007/pep-20251227.htm: "manufactures and distributes certain brands licensed from Keurig Dr Pepper Inc."

Reverse side: https://valuechain.wiki/keurig-dr-pepper/suppliers.md · Ripple: https://valuechain.wiki/keurig-dr-pepper/ripple.md

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