The Coca-Cola Company (KO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 12.47B | 11.82B | 12.46B | 12.54B | 11.13B | 11.54B | 11.85B | 12.36B | 11.3B | 10.85B | 11.95B | 11.97B | 10.98B | 10.13B | 11.06B | 11.32B | 10.49B | 9.46B | 10.04B | 10.13B |
| Revenue Growth % | 12.07% | 2.41% | 5.07% | 1.39% | -1.51% | 6.41% | -0.83% | 3.27% | 2.91% | 7.15% | 8.04% | 5.71% | 4.66% | 6.98% | 10.17% | 11.81% | 16.31% | 9.91% | 16.07% | 41.66% |
| Cost of Goods Sold | 4.62B | 4.72B | 4.8B | 4.71B | 4.16B | 4.61B | 4.66B | 4.81B | 4.24B | 4.63B | 4.66B | 4.91B | 4.32B | 4.51B | 4.57B | 4.83B | 4.09B | 4.09B | 3.98B | 3.79B |
| COGS % of Revenue | 37.04% | 39.95% | 38.51% | 37.61% | 37.41% | 39.96% | 39.35% | 38.92% | 37.48% | 42.71% | 38.96% | 41.03% | 39.32% | 44.57% | 41.27% | 42.65% | 39% | 43.2% | 39.6% | 37.39% |
| Gross Profit | 7.85B | 7.1B | 7.66B | 7.82B | 6.97B | 6.93B | 7.19B | 7.55B | 7.07B | 6.21B | 7.3B | 7.06B | 6.66B | 5.61B | 6.5B | 6.5B | 6.4B | 5.38B | 6.07B | 6.34B |
| Gross Margin % | 62.96% | 60.05% | 61.49% | 62.39% | 62.59% | 60.04% | 60.65% | 61.08% | 62.52% | 57.29% | 61.04% | 58.97% | 60.68% | 55.43% | 58.73% | 57.35% | 61% | 56.8% | 60.4% | 62.61% |
| Gross Profit Growth % | 12.72% | 2.42% | 6.51% | 3.58% | -1.4% | 11.52% | -1.45% | 6.95% | 6.03% | 10.74% | 12.3% | 8.7% | 4.11% | 4.39% | 7.12% | 2.41% | 16.05% | 6.82% | 17.06% | 53.3% |
| Operating Expenses | 3.47B | 5.26B | 3.68B | 3.54B | 3.31B | 4.22B | 4.68B | 4.92B | 4.92B | 3.94B | 4.03B | 4.66B | 3.3B | 3.54B | 3.41B | 4.15B | 3B | 3.7B | 3.17B | 3.33B |
| OpEx % of Revenue | 27.84% | 44.48% | 29.54% | 28.25% | 29.72% | 36.57% | 39.48% | 39.79% | 43.58% | 36.34% | 33.68% | 38.92% | 30.02% | 34.93% | 30.81% | 36.68% | 28.55% | 39.14% | 31.54% | 32.84% |
| Selling, General & Admin | 3.47B | 4.2B | 3.62B | 3.47B | 3.23B | 3.97B | 3.6B | 3.54B | 3.34B | 3.85B | 3.65B | 3.31B | 3.17B | 3.39B | 3.24B | 3.14B | 2.9B | 3.26B | 3.05B | 2.94B |
| SG&A % of Revenue | 27.84% | 35.52% | 29.07% | 27.68% | 29.03% | 34.37% | 30.39% | 28.6% | 29.52% | 35.51% | 30.57% | 27.64% | 28.89% | 33.48% | 29.27% | 27.69% | 27.61% | 34.48% | 30.36% | 29.07% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 4.36B | 1.84B | 3.98B | 4.28B | 3.66B | 2.71B | 2.51B | 2.63B | 2.14B | 2.27B | 3.27B | 2.4B | 3.37B | 2.08B | 3.09B | 2.34B | 3.4B | 1.67B | 2.9B | 3.02B |
| Operating Margin % | 34.95% | 15.57% | 31.97% | 34.14% | 32.88% | 23.47% | 21.17% | 21.29% | 18.95% | 20.95% | 27.36% | 20.06% | 30.66% | 20.49% | 27.91% | 20.67% | 32.46% | 17.67% | 28.86% | 29.78% |
| Operating Income Growth % | 19.13% | -32.04% | 58.65% | 62.61% | 70.9% | 19.18% | -23.24% | 9.62% | -36.41% | 9.54% | 5.89% | 2.56% | -1.12% | 24.1% | 6.56% | -22.38% | 25.09% | -28.49% | 26.11% | 52.25% |
| EBITDA | 4.62B | 2.08B | 4.25B | 4.56B | 3.93B | 2.98B | 2.78B | 2.9B | 2.4B | 2.54B | 3.56B | 2.68B | 3.65B | 2.38B | 3.4B | 2.66B | 3.73B | 2.01B | 3.26B | 3.4B |
| EBITDA Margin % | 37.07% | 17.57% | 34.12% | 36.37% | 35.28% | 25.86% | 23.44% | 23.47% | 21.27% | 23.45% | 29.78% | 22.4% | 33.27% | 23.53% | 30.69% | 23.51% | 35.54% | 21.27% | 32.46% | 33.56% |
| EBITDA Growth % | 17.75% | -30.42% | 52.99% | 57.15% | 63.38% | 17.33% | -21.97% | 8.17% | -34.22% | 6.8% | 4.86% | 0.71% | -2.04% | 18.33% | 4.14% | -21.65% | 20.76% | -27.28% | 22.74% | 43.9% |
| D&A (Non-Cash Add-back) | 264M | 236M | 268M | 279M | 267M | 276M | 268M | 269M | 262M | 271M | 290M | 281M | 286M | 307M | 307M | 322M | 324M | 341M | 362M | 383M |
| EBIT | 4.36B | 3.39B | 4.57B | 5.24B | 4.44B | 3.24B | 3.81B | 3.45B | 4.25B | 2.9B | 3.9B | 3.25B | 4.42B | 2.8B | 3.64B | 2.48B | 3.64B | 3.13B | 3.29B | 4.4B |
| Net Interest Income | -153M | -198M | -206M | -257M | -207M | -227M | -162M | -143M | -136M | -146M | -120M | -150M | -204M | -161M | -70M | -98M | -104M | -94M | -142M | -709M |
| Interest Income | 222M | 233M | 185M | 188M | 180M | 204M | 263M | 275M | 246M | 267M | 248M | 224M | 168M | 143M | 128M | 100M | 78M | 71M | 68M | 71M |
| Interest Expense | 375M | 431M | 391M | 445M | 387M | 431M | 425M | 418M | 382M | 413M | 368M | 374M | 372M | 304M | 198M | 198M | 182M | 165M | 210M | 780M |
| Other Income/Expense | 252M | 1.12B | 201M | 516M | 398M | 97M | 870M | 396M | 1.73B | 209M | 267M | 479M | 686M | 425M | 356M | -57M | 53M | 1.29B | 186M | 602M |
| Pretax Income | 4.61B | 2.96B | 4.18B | 4.8B | 4.06B | 2.81B | 3.38B | 3.03B | 3.87B | 2.48B | 3.54B | 2.88B | 4.05B | 2.5B | 3.44B | 2.28B | 3.46B | 2.96B | 3.08B | 3.62B |
| Pretax Margin % | 36.97% | 25.05% | 33.58% | 38.26% | 36.45% | 24.31% | 28.51% | 24.49% | 34.27% | 22.88% | 29.59% | 24.06% | 36.91% | 24.69% | 31.13% | 20.17% | 32.96% | 31.28% | 30.71% | 35.72% |
| Income Tax | 687M | 646M | 500M | 993M | 722M | 593M | 530M | 627M | 687M | 496M | 454M | 359M | 940M | 444M | 622M | 384M | 665M | 510M | 609M | 994M |
| Effective Tax Rate % | 14.9% | 21.81% | 11.95% | 20.7% | 17.8% | 21.13% | 15.68% | 20.71% | 17.74% | 19.98% | 12.84% | 12.47% | 23.19% | 17.76% | 18.06% | 16.81% | 19.23% | 17.23% | 19.75% | 27.47% |
| Net Income | 3.92B | 2.27B | 3.7B | 3.81B | 3.33B | 2.19B | 2.85B | 2.41B | 3.18B | 1.97B | 3.09B | 2.55B | 3.11B | 2.03B | 2.83B | 1.91B | 2.78B | 2.41B | 2.47B | 2.64B |
| Net Margin % | 31.46% | 19.21% | 29.67% | 30.39% | 29.92% | 19.01% | 24.03% | 19.5% | 28.12% | 18.19% | 25.83% | 21.27% | 28.3% | 20.06% | 25.54% | 16.82% | 26.51% | 25.51% | 24.61% | 26.07% |
| Net Income Growth % | 17.84% | 3.46% | 29.78% | 58.03% | 4.82% | 11.25% | -7.74% | -5.34% | 2.25% | -2.86% | 9.27% | 33.7% | 11.72% | -15.87% | 14.33% | -27.87% | 23.88% | 65.8% | 42.26% | 48.45% |
| Net Income (Continuing) | 3.92B | 2.32B | 3.68B | 3.8B | 3.33B | 2.21B | 2.85B | 2.4B | 3.19B | 1.99B | 3.08B | 2.52B | 3.11B | 2.06B | 2.82B | 1.9B | 2.79B | 2.45B | 2.48B | 2.62B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 2.1B | 2.11B | 2.02B | 1.6B | 1.55B | 1.52B | 1.64B | 1.56B | 1.52B | 1.54B | 1.51B | 1.54B | 1.65B | 1.72B | 1.63B | 1.8B | 2B | 1.86B | 1.95B | 2.01B |
| EPS (Diluted) | 0.91 | 0.53 | 0.86 | 0.88 | 0.77 | 0.51 | 0.66 | 0.56 | 0.74 | 0.46 | 0.71 | 0.59 | 0.72 | 0.47 | 0.65 | 0.44 | 0.64 | 0.56 | 0.57 | 0.61 |
| EPS Growth % | 18.18% | 3.92% | 30.3% | 57.14% | 4.05% | 10.87% | -7.04% | -5.08% | 2.78% | -2.13% | 9.23% | 34.09% | 12.5% | -16.07% | 14.04% | -27.87% | 23.08% | 64.71% | 42.5% | 48.78% |
| EPS (Basic) | 0.91 | 0.53 | 0.86 | 0.89 | 0.77 | 0.51 | 0.66 | 0.56 | 0.74 | 0.46 | 0.71 | 0.59 | 0.72 | 0.47 | 0.65 | 0.44 | 0.64 | 0.56 | 0.57 | 0.61 |
| Diluted Shares Outstanding | 4.31B | 4.31B | 4.31B | 4.31B | 4.31B | 4.32B | 4.32B | 4.32B | 4.32B | 4.33B | 4.34B | 4.34B | 4.34B | 4.35B | 4.35B | 4.35B | 4.36B | 4.35B | 4.34B | 4.34B |
| Basic Shares Outstanding | 4.3B | 4.3B | 4.3B | 4.3B | 4.3B | 4.31B | 4.31B | 4.31B | 4.31B | 4.32B | 4.32B | 4.33B | 4.33B | 4.33B | 4.33B | 4.33B | 4.33B | 4.32B | 4.32B | 4.31B |
| Dividend Payout Ratio | 58.13% | 193.22% | 57.03% | 57.59% | 2.67% | 186.1% | 73.38% | 86.48% | 3.12% | 196.35% | 64.43% | 78.05% | 3.25% | 182.47% | 3.54% | 99.95% | 68.54% | 75.19% | 73.41% | 68.65% |