
	Third Quarter				First Nine Months
(in millions, except per share data)	2026		2025		2026		2025
Net income attributable to KDP	$	882	$	662	$	1,294	$	1,726
Less: Net income allocated to Preferred Investors(1)	72		—		135		—
Net income attributable to common shareholders	$	810	$	662	$	1,159	$	1,726

Weighted average common shares outstanding	1,360.8		1,358.5		1,360.2		1,358.0
Dilutive effect of stock-based awards	5.3		4.4		4.7		4.7
Weighted average common shares outstanding and common stock equivalents	1,366.1		1,362.9		1,364.9		1,362.7

Basic EPS	$	0.60	$	0.49	$	0.85	$	1.27
Diluted EPS	0.59		0.49		0.85		1.27

Anti-dilutive shares excluded from the diluted weighted average shares outstanding calculation	0.4		1.3		1.6		0.4

(1)The net income allocated to Preferred Investors in a given period, computed independently for each quarter-to-date and year-to-date period, is the greater of i) dividends declared to the Preferred Investors, or ii) the net income attributable to the Preferred Investors as a participating security. For the third quarter of 2026, the allocation of net income to the Preferred Investors as a participating security were greater. For the first nine months of 2026, dividends declared to the Preferred Investors were greater.