OpenNashEarnings

Consumer Brands · NYSE: KO

Coca-Cola earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends December · next results expected around 9 Feb 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 2026

Coca-Cola's third quarter 2026 net revenues grew 7% to $13.4 billion with global unit case volume up 5%, EPS grew 8% to $0.93 and comparable EPS (non-GAAP) grew 11% to $0.91, and full year guidance was raised.

Coca-Cola had a strong third quarter. Net revenues rose 7% to $13.4 billion, and global unit case volume grew 5%, led by India, China, Mexico and Brazil. Operating margin widened to 33.4% from 32.0%. EPS grew 8% to $0.93, and comparable EPS grew 11% to $0.91. The company gained value share in nonalcoholic ready-to-drink beverages. North America volume was flat, and Europe, Middle East & Africa lost value share. Year-to-date free cash flow reached $11.4 billion.

Read the Q3 2026 summary →Q3 2026 slides (PDF) ↗Official transcript (PDF) ↗

Quarters

KPI history

Revenue$13.4B+7.4% y/yQ3 2026
Q4 2024: $11.5B (worked out from the annual figure)Q4 ’24$11.5BQ1 2025: $11.1BQ1 ’25$11.1BQ2 2025: $12.5BQ2 ’25$12.5BQ3 2025: $12.5BQ3 ’25$12.5BQ4 2025: $11.8B (worked out from the annual figure)Q4 ’25$11.8BQ1 2026: $12.5BQ1 ’26$12.5BQ2 2026: $13.4BQ2 ’26$13.4BQ3 2026: $13.4BQ3 ’26$13.4B

Fourth quarter worked out from the annual figure.

Data
Q4 2024$11.5B *
Q1 2025$11.1B
Q2 2025$12.5B
Q3 2025$12.5B
Q4 2025$11.8B *
Q1 2026$12.5B
Q2 2026$13.4B
Q3 2026$13.4B
Diluted EPS (GAAP)$0.93+8.1% y/yQ3 2026
Q1 2025: $0.77Q1 ’25$0.77Q2 2025: $0.88Q2 ’25$0.88Q3 2025: $0.86Q3 ’25$0.86Q1 2026: $0.91Q1 ’26$0.91Q2 2026: $1.03Q2 ’26$1.03Q3 2026: $0.93Q3 ’26$0.93
Data
Q1 2025$0.77
Q2 2025$0.88
Q3 2025$0.86
Q1 2026$0.91
Q2 2026$1.03
Q3 2026$0.93

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin33.4%+1.4 pts y/yQ3 2026
Q4 2024: 23.5%Q4 ’2423.5%Q1 2025: 32.9%Q1 ’2532.9%Q2 2025: 34.1%Q2 ’2534.1%Q3 2025: 32.0%Q3 ’2532.0%Q4 2025: 15.6%Q4 ’2515.6%Q1 2026: 35.0%Q1 ’2635.0%Q2 2026: 34.9%Q2 ’2634.9%Q3 2026: 33.4%Q3 ’2633.4%
Data
Q4 202423.5%
Q1 202532.9%
Q2 202534.1%
Q3 202532.0%
Q4 202515.6%
Q1 202635.0%
Q2 202634.9%
Q3 202633.4%
Free cash flow$4.5B−0.3% y/yQ3 2026
Q4 2024: $3.1BQ4 ’24$3.1BQ1 2025: -$5.5BQ1 ’25-$5.5BQ2 2025: $3.4BQ2 ’25$3.4BQ3 2025: $4.6BQ3 ’25$4.6BQ4 2025: $2.9BQ4 ’25$2.9BQ1 2026: $1.8BQ1 ’26$1.8BQ2 2026: $5.1BQ2 ’26$5.1BQ3 2026: $4.5BQ3 ’26$4.5B
Data
Q4 2024$3.1B
Q1 2025-$5.5B
Q2 2025$3.4B
Q3 2025$4.6B
Q4 2025$2.9B
Q1 2026$1.8B
Q2 2026$5.1B
Q3 2026$4.5B

Operating cash flow minus capital expenditure, from cash flow statements.

Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Revenue$11.5Bd$11.1B$12.5B$12.5B$11.8Bd$12.5B$13.4B$13.4B
Gross margin60.0%62.6%62.4%61.5%60.0%63.0%62.9%63.2%
Operating income$2.7Bd$3.7B$4.3B$4.0B$1.8Bd$4.4B$4.7B$4.5B
Operating margin23.5%32.9%34.1%32.0%15.6%35.0%34.9%33.4%
Net income$2.2Bd$3.3B$3.8B$3.7B$2.3Bd$3.9B$4.4B$4.0B
Diluted EPS—$0.77$0.88$0.86—$0.91$1.03$0.93
Operating cash flow$4.0Bd-$5.2B$3.8Bd$5.0Bd$3.8Bd$2.0B$5.5Bd$4.9Bd
Capital expenditure$803.0Md$309.0M$442.0M$479.0M$882.0Md$266.0M$418.0M$379.0M
Free cash flow$3.1B-$5.5B$3.4B$4.6B$2.9B$1.8B$5.1B$4.5B

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings