• Keurig Dr Pepper average operating margin for 2023 was 18.37%, a 14.64% increase from 2022.
• Keurig Dr Pepper average operating margin for 2022 was 21.52%, a 5.86% decline from 2021.
• Keurig Dr Pepper average operating margin for 2021 was 22.86%, a 8.03% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.