Coca-Cola
Markets Coca-Cola, Sprite and Fanta through a global bottling network.
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Profile
Sells beverage concentrates, syrups and finished drinks across sparkling soft drinks, water, sports drinks, coffee, tea, juice and dairy. Revenue is split between concentrate operations and finished products, with independent bottlers handling most local manufacturing and distribution.
Owns and markets a global beverage portfolio spanning Coca-Cola, Sprite and Fanta sparkling drinks; Dasani, smartwater, Powerade and BODYARMOR hydration; Costa coffee; and Minute Maid, Simply and fairlife juice and dairy brands. Revenue comes from concentrate and syrup sales to authorized bottlers, plus finished beverages sold through company bottling operations, distributors, retailers and Costa stores.
Pairs centralized brand development, marketing and product innovation with local manufacturing, packaging and distribution across more than 200 countries and territories. Geographic segments cover EMEA, Latin America, North America and Asia Pacific, alongside Bottling Investments; the former Global Ventures segment is now folded into those operations. The model depends on independent bottlers, consumer preferences, water availability, ingredient costs and rules governing beverage ingredients and packaging.
Company facts
Key statistics
Year to date +29.7% · Average volume (30d) 15.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 14, 2026 | Seaport Global | Target | $95 | ||
| Jul 30, 2026 | Barclays | Reiterate | Overweight | $91 | $93 |
| Jul 29, 2026 | RBC Capital | Reiterate | Outperform | $87 | $96 |
| Jul 29, 2026 | UBS | Target | $98 | $104 | |
| Jul 29, 2026 | Piper Sandler | Reiterate | Overweight | $81 | $95 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $0.92 | $0.97 | +5.4% | $13.17B | $13.37B | +1.5% | +0.92% |
| Apr 28, 2026Q1 FY26 | $0.81 | $0.86 | +5.9% | $12.24B | $12.47B | +1.9% | +0.66% |
| Feb 10, 2026Q4 FY25 | $0.57 | $0.58 | +2.7% | $12.05B | $11.80B | −2.1% | +2.33% |
| Oct 21, 2025Q3 FY25 | $0.78 | $0.82 | +5.3% | $12.41B | $12.46B | +0.4% | −0.58% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $11.13B | $12.54B | $12.46B | $11.82B | $12.47B | $13.38B | |
| Gross profit | $6.97B | $7.82B | $7.66B | $7.10B | $7.85B | $8.42B | |
| Operating income | $3.66B | $4.28B | $3.98B | $1.84B | $4.36B | $4.67B | |
| Net income | $3.33B | $3.81B | $3.70B | $2.27B | $3.92B | $4.43B | |
| Diluted EPS | $0.77 | $0.88 | $0.86 | $0.53 | $0.91 | $1.03 | |
| Gross margin | 62.6% | 62.4% | 61.5% | 60.0% | 63.0% | 62.9% | |
| Operating margin | 32.9% | 34.1% | 32.0% | 15.6% | 35.0% | 34.9% |
Fiscal years (4-quarter sums)FY21 $38.66B · FY22 $43.00B · FY23 $45.75B · FY24 $47.06B · FY25 $47.94B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jul 3, 2026Cash & short-term investments $16.37B · Total debt $43.54B · Total assets $107.92B · Shareholders' equity $36.15B
Dividends
Raised for 54 straight years — most recently to $0.53 from $0.51 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 15, 2026 | Jun 15 | Jul 1 | $0.53 | |
| Mar 13, 2026 | Mar 13 | Apr 1 | $0.53 | raised from $0.51 |
| Dec 1, 2025 | Dec 1 | Dec 15 | $0.51 | |
| Sep 15, 2025 | Sep 15 | Oct 1 | $0.51 | |
| Jun 13, 2025 | Jun 13 | Jul 1 | $0.51 | |
| Mar 14, 2025 | Mar 14 | Apr 1 | $0.51 | raised from $0.485 |
| Nov 29, 2024 | Nov 29 | Dec 16 | $0.485 | |
| Sep 13, 2024 | Sep 13 | Oct 1 | $0.485 |
Ownership
Shares outstanding 4.30B · Float 3.87B · 90.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Berkshire Hathaway Inc | 400.00M | 9.30% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 322.74M | 7.50% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 238.80M | 5.55% | 13F | Aug 13, 2026 |
| State Street Corp | 167.40M | 3.89% | 13F | Aug 7, 2026 |
| FMR LLC | 109.16M | 2.54% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | Bruno Pietracci | other: President, Latin America OU | −29,246 | $90.93 |
| Aug 19, 2026 | Nancy Quan | officer: Executive Vice President | −50,000 | $90.39 |
| Aug 10, 2026 | Sanket Ray | other: President INSWA | −9,958 | $86.50 |
| Aug 6, 2026 | Luisa Ortega | other: Europe OU President | −55,755 | $86.59 |
| Jul 31, 2026 | John Murphy | officer: President and CFO | −152,483 | $87.31 |
Peers
- PepsiCo
Primary rival in CSDs, sports, water, juice, and RTD coffee globally.
- Keurig Dr Pepper
Competes in flavored CSDs, at-home coffee systems, and RTD tea in North America.
- Monster Beverage
KO equity investee and energy distributor; contests shelf and energy occasions.
- Anheuser-Busch InBev (ADR)
Competes via alcohol-RTD and hard seltzer where KO has entered internationally.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Coca-Cola | $89.75 | +0.11% | $385.77B | 26.9 | 26.5 | 7.7 | +6.7% |
| PepsiCo | $141.75 | +0.48% | $192.70B | 18.5 | 16.2 | 2.0 | +6.4% |
| Keurig Dr Pepper | $32.50 | +1.03% | $43.78B | 32.4 | 13.1 | 2.2 | +75.6% |
| Monster Beverage | $46.92 | +0.13% | $91.66B | 43.2 | 38.3 | 9.9 | +20.2% |
| Anheuser-Busch InBev (ADR) | $80.25 | +0.12% | $157.81B | 13.5 | — | 2.0 | — |
| Median | 25.4 | 16.2 | 2.1 | +20.2% |