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Friday 6 November 2026 Export KO’s income statement to Excel — free account

CocaCola Company (The)

KO Consumer Defensive Beverages Non Alcoholic

CocaCola Company (The)’s revenue for fiscal 2025 (year ended December 2025) was $47.9 billion, up 1.87% from fiscal 2024.

Revenue
+7.43%
EPS
+9.60%
Free cash flow
+0.28%
Total debt
−7.87%

Quarter to September 2026, against a year earlier

94.89 0.84 −0.88%
Market cap
$411.8B
P/E
28.1×
Fwd P/E
27.5×
Dividend yield
2.19%
F-score
7/9
Altman Z
4.63
Beneish M
−2.35
Dividend safety
51/100
Overview Business Profile Earnings & Analysis
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CocaCola Company (The) (KO) Operating margin

Alert me on Operating margin

CocaCola Company (The)'s operating margin over the twelve months to 30 September 2026 was 30.0%, up 1.3 percentage points from fiscal 2025 (28.7%). Over the past ten years it has ranged from 19.7% (fiscal 2015) to 28.7% (fiscal 2025) — the current reading is the highest in ten years. That is above the Beverages Non Alcoholic industry median of 13.2% and above the Consumer Defensive sector median of 1.70%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 28.7% 7.48
FY2024 21.2% (3.49)
FY2023 24.7% (0.65)
FY2022 25.4% (1.30)
FY2021 26.7% (0.58)
FY2020 27.3% 0.19
FY2019 27.1% 0.38
FY2018 26.7% 5.26
FY2017 21.4% 0.74
FY2016 20.7% 0.98

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 33.4% (1.55)
Jun 2026 34.9% (0.03)
Mar 2026 35.0% 19.38
Dec 2025 15.6% (16.40)
43 more quarters

Against its own ten years

Low 19.7% High 28.7%
Ten-year median 25.4%
Current reading's percentile 98

Operating margin against peers

Company Operating margin
KO CocaCola Company (The) 30.0%
MNST Monster Beverage Corporation compare 29.2%
COCO Vita Coco Company, Inc. compare 19.9%
KDP Keurig Dr Pepper, Inc compare 15.6%
PEP PepsiCo, Inc. compare 15.3%
KOF Coca Cola Femsa S.A.B. de C.V. compare 14.5%
COKE Coca-Cola Consolidated, Inc. compare 13.1%
CELH Celsius Holdings Inc. compare 13.0%
CCEP Coca-Cola Europacific Partners compare 0.00%
Beverages Non Alcoholic industry median 13.2%
Consumer Defensive sector median 1.70%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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