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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: +6.74%
EPS: +15.7%
Free cash flow: +51.4%
Total debt: −3.49%

Quarter to June 2026, against a year earlier

94.08 1.26 +1.36%

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Market cap: $399.3B
P/E: 28.3×
Fwd P/E: 27.5×
Dividend yield: 2.23%
F-score: 7/9
Altman Z: 4.63
Beneish M: −2.35
Dividend safety: 51/100

Overview Business Profile Earnings & Analysis Segments Filings

CocaCola Company (The) (KO) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
North America	19,586	40.85%
EMEA	11,513	24.01%
Latin America	6,334	13.21%
Bottling investments	5,735	11.96%
Asia Pacific	5,638	11.76%
Gross margin		61.63%
Operating margin		28.71%
Pre-tax margin		33.37%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022
Concentrate operations	28,462 59.37%	27,725 58.91%	26,539 58.00%	24,071 55.97%
Finished product operations	19,479 40.63%	19,336 41.09%	19,215 42.00%	18,933 44.03%
Revenue	47,941	47,061	45,754	43,004

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
North America	19,586 40.85%	18,869 40.09%	16,973 37.10%	15,674 36.45%	13,190 34.12%	11,477 34.76%	11,915 31.97%	11,630 33.91%	10,629 29.35%	10,325 24.66%
EMEA	11,513 24.01%	10,958 23.28%	10,838 23.69%	7,523 17.49%	7,193 18.61%	6,057 18.35%	7,058 18.94%	7,099 20.70%	6,822 18.84%	7,278 17.39%
Latin America	6,334 13.21%	6,471 13.75%	5,834 12.75%	4,910 11.42%	4,143 10.72%	3,499 10.60%	4,118 11.05%	4,010 11.69%	4,026 11.12%	3,819 9.12%
Bottling investments	5,735 11.96%	6,223 13.22%	7,860 17.18%	7,891 18.35%	7,203 18.63%	6,265 18.98%	7,440 19.96%	6,787 19.79%	11,306 31.22%	19,735 47.14%
Asia Pacific	5,638 11.76%	5,594 11.89%	5,542 12.11%	5,445 12.66%	5,291 13.69%	4,722 14.30%	5,327 14.29%	5,185 15.12%	5,162 14.25%	5,294 12.65%
Global Ventures	—	—	—	2,843 6.61%	2,805 7.26%	1,991 6.03%	2,562 6.87%	770 2.24%	715 1.97%	—
Corporate	—	—	—	94 0.22%	85 0.22%	46 0.14%	94 0.25%	92 0.27%	113 0.31%	132 0.32%
Eliminations	—	—	—	(1,376) (3.20%)	(1,255) (3.25%)	(1,043) (3.16%)	(1,248) (3.35%)	(1,273) (3.71%)	(2,561) (7.07%)	(4,720) (11.27%)
Eliminations	(865) (1.80%)	(1,054) (2.24%)	(1,293) (2.83%)	—	—	—	—	—	—	—
Revenue	47,941	47,061	45,754	43,004	38,655	33,014	37,266	34,300	36,212	41,863

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
North America	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
EMEA	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Latin America	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Asia Pacific	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Bottling investments	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Global Ventures	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Eliminations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Non-US	28,814 60.10%	28,699 60.98%	29,204 63.83%	27,591 64.16%	25,645 66.34%	21,733 65.83%	25,551 68.56%	22,956 66.93%	21,485 59.33%	21,964 52.47%
UNITED STATES	19,127 39.90%	18,362 39.02%	16,550 36.17%	15,413 35.84%	13,010 33.66%	11,281 34.17%	11,715 31.44%	11,344 33.07%	14,727 40.67%	19,899 47.53%
Revenue	47,941	47,061	45,754	43,004	38,655	33,014	37,266	34,300	36,212	41,863

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Concentrate sales	Q3 FY2026	7.00%	0.00%	—
Price/mix	Q3 FY2026	1.00%	6.00%	—
Unit case volume	Q3 FY2026	5.00%	1.00%	—

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
Concentrate sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Price/mix	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Unit case volume	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.