Coca-Cola Company (KO) Q2 FY2026 Financial Statements: Revenue $13.38B, Net income $4.42B
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PeriodQ2 FY2026
Published
Coca-Cola reported $13.38 billion in net operating revenues for Q2 FY2026, the quarter ended July 3, 2026, up 6.7% from a year earlier, with volume growth led by India, China, the United States and Brazil and a weaker dollar adding to the gain. Operating income was $4.67 billion, up 9.2%, with currency worth more than half of that increase, and gross profit of $8.41 billion outgrew revenue on favorable pricing, currency and the sale of the Nigeria finished product operations, partly offset by higher commodity costs. Net income attributable to shareowners was $4.42 billion, up 16.1%, and diluted earnings per share were $1.03 against $0.88 a year earlier, with earnings rising faster than operating profit on a lower effective tax rate, lower interest expense and gains on securities.
| Metric | Amount | vs. year ago |
|---|---|---|
| Revenue | $13,380,000,000 | up 6.7% |
| Net income | $4,425,000,000 | up 16.1% |
| Diluted EPS | $1.03 | up 17.0% |
| Operating income | $4,672,000,000 | up 9.2% |
| Gross profit | $8,415,000,000 | up 7.6% |
About this file
| Ticker | KO |
|---|---|
| CIK | 0000021344 |
| Company | Coca-Cola Company |
| Business type | consumer staples (beverage concentrate and finished-goods manufacturer) |
| Schema template | standard |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual dollars (not millions) |
KO annual income statement, balance sheet and cash flow
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Fiscal year | 2025 | 2024 | 2023 |
| Label | FY2025 | FY2024 | FY2023 |
| Period start | 2025-01-01 | 2024-01-01 | 2023-01-01 |
| Period end | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Period type | fiscal year | fiscal year | fiscal year |
| Source accession | 0001628280-26-010047 | 0001628280-26-010047 | 0001628280-26-010047 |
| Income statement | |||
| Revenue | 47,941,000,000 | 47,061,000,000 | 45,754,000,000 |
| Cost of goods sold | 18,397,000,000 | 18,324,000,000 | 18,520,000,000 |
| Gross profit | 29,544,000,000 | 28,737,000,000 | 27,234,000,000 |
| Selling general and administrative expenses | 14,521,000,000 | 14,582,000,000 | 13,972,000,000 |
| Other operating charges | 1,261,000,000 | 4,163,000,000 | 1,951,000,000 |
| Operating income | 13,762,000,000 | 9,992,000,000 | 11,311,000,000 |
| Interest income | 786,000,000 | 988,000,000 | 907,000,000 |
| Interest expense | 1,654,000,000 | 1,656,000,000 | 1,527,000,000 |
| Equity income net | 2,031,000,000 | 1,770,000,000 | 1,691,000,000 |
| Other income net | 1,073,000,000 | 1,992,000,000 | 570,000,000 |
| Income before income taxes | 15,998,000,000 | 13,086,000,000 | 12,952,000,000 |
| Income taxes | 2,861,000,000 | 2,437,000,000 | 2,249,000,000 |
| Consolidated net income | 13,137,000,000 | 10,649,000,000 | 10,703,000,000 |
| Net income attributable to noncontrolling interests | 30,000,000 | 18,000,000 | -11,000,000 |
| Net income | 13,107,000,000 | 10,631,000,000 | 10,714,000,000 |
| Basic EPS | 3.05 | 2.47 | 2.48 |
| Diluted EPS | 3.04 | 2.46 | 2.47 |
| Basic shares | 4,303,000,000 | 4,309,000,000 | 4,323,000,000 |
| Diluted shares | 4,313,000,000 | 4,320,000,000 | 4,339,000,000 |
| Dividends declared per share | 2.04 | 1.94 | 1.84 |
| Balance sheet | |||
| Cash and cash equivalents | 10,270,000,000 | 10,828,000,000 | |
| Short term investments | 3,602,000,000 | 2,020,000,000 | |
| Total cash and short term investments | 13,872,000,000 | 12,848,000,000 | |
| Marketable securities | 1,934,000,000 | 1,723,000,000 | |
| Trade accounts receivable net | 3,038,000,000 | 3,569,000,000 | |
| Inventories | 4,425,000,000 | 4,728,000,000 | |
| Prepaid expenses and other current assets | 2,433,000,000 | 2,998,000,000 | |
| Assets held for sale | 5,342,000,000 | 131,000,000 | |
| Total current assets | 31,044,000,000 | 25,997,000,000 | |
| Equity method investments | 20,235,000,000 | 18,087,000,000 | |
| Deferred income tax assets | 1,206,000,000 | 1,319,000,000 | |
| Property plant and equipment net | 9,613,000,000 | 10,303,000,000 | |
| Trademarks with indefinite lives | 12,531,000,000 | 13,301,000,000 | |
| Goodwill | 15,491,000,000 | 18,139,000,000 | |
| Other noncurrent assets | 14,696,000,000 | 13,403,000,000 | |
| Total assets | 104,816,000,000 | 100,549,000,000 | |
| Accounts payable and accrued expenses | 14,813,000,000 | 21,712,000,000 | |
| Loans and notes payable | 1,551,000,000 | 1,499,000,000 | |
| Current maturities of long term debt | 1,822,000,000 | 648,000,000 | |
| Accrued income taxes | 525,000,000 | 1,387,000,000 | |
| Liabilities held for sale | 2,570,000,000 | 3,000,000 | |
| Total current liabilities | 21,281,000,000 | 25,249,000,000 | |
| Long term debt | 42,119,000,000 | 42,375,000,000 | |
| Other noncurrent liabilities | 4,735,000,000 | 4,084,000,000 | |
| Deferred income tax liabilities | 2,406,000,000 | 2,469,000,000 | |
| Equity attributable to shareowners | 32,169,000,000 | 24,856,000,000 | |
| Noncontrolling interests | 2,106,000,000 | 1,516,000,000 | |
| Total equity | 34,275,000,000 | 26,372,000,000 | |
| Total debt | 45,492,000,000 | 44,522,000,000 | |
| Total liabilities | 70,541,000,000 | 74,177,000,000 | |
| Cash flow | |||
| Depreciation and amortization | 1,050,000,000 | 1,075,000,000 | 1,128,000,000 |
| Stock based compensation expense | 279,000,000 | 286,000,000 | 254,000,000 |
| Operating cash flow | 7,408,000,000 | 6,805,000,000 | 11,599,000,000 |
| Capex | -2,112,000,000 | -2,064,000,000 | -1,852,000,000 |
| Investing cash flow | -67,000,000 | 2,524,000,000 | -3,349,000,000 |
| Issuances of stock | 313,000,000 | 747,000,000 | 539,000,000 |
| Purchases of stock for treasury | -746,000,000 | -1,795,000,000 | -2,289,000,000 |
| Dividends paid | -8,779,000,000 | -8,359,000,000 | -7,952,000,000 |
| Financing cash flow | -8,140,000,000 | -6,910,000,000 | -8,310,000,000 |
| Free cash flow | 5,296,000,000 | 4,741,000,000 | 9,747,000,000 |
KO quarterly income statement, balance sheet and cash flow
| Q2 FY2026 | Q2 FY2025 | |
|---|---|---|
| Label | Q2 FY2026 | Q2 FY2025 |
| Fiscal year | 2026 | 2025 |
| Period start | 2026-04-04 | 2025-03-29 |
| Period end | 2026-07-03 | 2025-06-27 |
| Period type | three months | three months |
| Source accession | 0001628280-26-050503 | 0001628280-26-050503 |
| Income statement | ||
| Revenue | 13,380,000,000 | 12,535,000,000 |
| Cost of goods sold | 4,965,000,000 | 4,714,000,000 |
| Gross profit | 8,415,000,000 | 7,821,000,000 |
| Selling general and administrative expenses | 3,720,000,000 | 3,470,000,000 |
| Other operating charges | 23,000,000 | 71,000,000 |
| Operating income | 4,672,000,000 | 4,280,000,000 |
| Interest income | 198,000,000 | 188,000,000 |
| Interest expense | 369,000,000 | 445,000,000 |
| Equity income net | 604,000,000 | 561,000,000 |
| Other income net | 370,000,000 | 212,000,000 |
| Income before income taxes | 5,475,000,000 | 4,796,000,000 |
| Income taxes | 1,037,000,000 | 993,000,000 |
| Consolidated net income | 4,438,000,000 | 3,803,000,000 |
| Net income attributable to noncontrolling interests | 13,000,000 | -7,000,000 |
| Net income | 4,425,000,000 | 3,810,000,000 |
| Basic EPS | 1.03 | 0.89 |
| Diluted EPS | 1.03 | 0.88 |
| Basic shares | 4,303,000,000 | 4,304,000,000 |
| Diluted shares | 4,313,000,000 | 4,315,000,000 |
| Dividends declared per share | 0.53 | 0.51 |
| Balance sheet | ||
| Cash and cash equivalents | 12,907,000,000 | |
| Short term investments | 622,000,000 | |
| Total cash and short term investments | 13,529,000,000 | |
| Marketable securities | 2,842,000,000 | |
| Trade accounts receivable net | 3,732,000,000 | |
| Inventories | 4,647,000,000 | |
| Prepaid expenses and other current assets | 2,688,000,000 | |
| Assets held for sale | 5,438,000,000 | |
| Total current assets | 32,876,000,000 | |
| Equity method investments | 20,782,000,000 | |
| Deferred income tax assets | 1,090,000,000 | |
| Property plant and equipment net | 9,636,000,000 | |
| Trademarks with indefinite lives | 12,500,000,000 | |
| Goodwill | 15,456,000,000 | |
| Other noncurrent assets | 15,582,000,000 | |
| Total assets | 107,922,000,000 | |
| Accounts payable and accrued expenses | 15,434,000,000 | |
| Loans and notes payable | 48,000,000 | |
| Current maturities of long term debt | 6,494,000,000 | |
| Accrued income taxes | 782,000,000 | |
| Liabilities held for sale | 2,442,000,000 | |
| Total current liabilities | 25,200,000,000 | |
| Long term debt | 37,001,000,000 | |
| Other noncurrent liabilities | 4,627,000,000 | |
| Deferred income tax liabilities | 2,779,000,000 | |
| Equity attributable to shareowners | 36,150,000,000 | 28,585,000,000 |
| Noncontrolling interests | 2,165,000,000 | 1,597,000,000 |
| Total equity | 38,315,000,000 | 30,182,000,000 |
| Total debt | 43,543,000,000 | |
| Total liabilities | 69,607,000,000 | |
| Cash flow | ||
| Depreciation and amortization | 266,000,000 | 279,000,000 |
| Operating cash flow | 5,522,000,000 | 3,811,000,000 |
| Capex | -418,000,000 | -442,000,000 |
| Free cash flow | 5,104,000,000 | 3,369,000,000 |
| Investing cash flow | -642,000,000 | 789,000,000 |
| Financing cash flow | -2,667,000,000 | -3,380,000,000 |
| Dividends paid | -2,281,000,000 | -2,194,000,000 |
KO year-to-date income statement and cash flow
| Six months ended July 3, 2026 | |
|---|---|
| Label | Six months ended July 3, 2026 |
| Period start | 2026-01-01 |
| Period end | 2026-07-03 |
| Period type | six months |
| Source accession | 0001628280-26-050503 |
| Income statement | |
| Revenue | 25,852,000,000 |
| Cost of goods sold | 9,585,000,000 |
| Gross profit | 16,267,000,000 |
| Selling general and administrative expenses | 7,192,000,000 |
| Other operating charges | 44,000,000 |
| Operating income | 9,031,000,000 |
| Interest income | 420,000,000 |
| Interest expense | 744,000,000 |
| Equity income net | 988,000,000 |
| Other income net | 391,000,000 |
| Income before income taxes | 10,086,000,000 |
| Income taxes | 1,682,000,000 |
| Consolidated net income | 8,404,000,000 |
| Net income attributable to noncontrolling interests | 55,000,000 |
| Net income | 8,349,000,000 |
| Basic EPS | 1.94 |
| Diluted EPS | 1.94 |
| Basic shares | 4,302,000,000 |
| Diluted shares | 4,313,000,000 |
| Dividends declared per share | 1.06 |
| Cash flow | |
| Depreciation and amortization | 530,000,000 |
| Stock based compensation expense | 117,000,000 |
| Operating cash flow | 7,543,000,000 |
| Capex | -684,000,000 |
| Investing cash flow | 1,104,000,000 |
| Issuances of stock | 251,000,000 |
| Purchases of stock for treasury | -663,000,000 |
| Dividends paid | -4,562,000,000 |
| Financing cash flow | -6,535,000,000 |
| Free cash flow | 6,859,000,000 |
KO trailing twelve month income statement and cash flow
| Trailing twelve months ended July 3, 2026 | |
|---|---|
| Label | Trailing twelve months ended July 3, 2026 |
| Period start | 2025-06-28 |
| Period end | 2026-07-03 |
| Period type | trailing twelve months |
| Source accession | 0001628280-26-010047; 0001628280-26-050503 |
| Income statement | |
| Revenue | 50,129,000,000 |
| Cost of goods sold | 19,105,000,000 |
| Gross profit | 31,024,000,000 |
| Selling general and administrative expenses | 15,009,000,000 |
| Other operating charges | 1,161,000,000 |
| Operating income | 14,854,000,000 |
| Interest income | 838,000,000 |
| Interest expense | 1,566,000,000 |
| Equity income net | 2,107,000,000 |
| Other income net | 998,000,000 |
| Income before income taxes | 17,231,000,000 |
| Income taxes | 2,828,000,000 |
| Consolidated net income | 14,403,000,000 |
| Net income attributable to noncontrolling interests | 87,000,000 |
| Net income | 14,316,000,000 |
| Basic EPS | 3.33 |
| Diluted EPS | 3.33 |
| Dividends declared per share | 2.08 |
| Cash flow | |
| Depreciation and amortization | 1,034,000,000 |
| Stock based compensation expense | 266,000,000 |
| Operating cash flow | 16,342,000,000 |
| Capex | -2,045,000,000 |
| Investing cash flow | 1,315,000,000 |
| Issuances of stock | 341,000,000 |
| Purchases of stock for treasury | -937,000,000 |
| Dividends paid | -11,058,000,000 |
| Financing cash flow | -14,727,000,000 |
| Free cash flow | 14,297,000,000 |
Adjustments
| Value | |
|---|---|
| Splits applied | none |
| ADR ratio | n/a |
| FX | None. The Coca-Cola Company reports in U.S. dollars, so no currency translation was applied. |
Notes
- All figures come from The Coca-Cola Company's Form 10-K for fiscal 2025 (accession 0001628280-26-010047) and its Form 10-Q for the quarter ended July 3, 2026 (accession 0001628280-26-050503). Both statements are presented in millions of U.S. dollars; every figure here has been restated in actual dollars.
- The company labels its top line “Net Operating Revenues”; it is carried here as `revenue`. “Net Income Attributable to Shareowners of The Coca-Cola Company” is carried as `net_income`, and the pre-minority-interest total is carried separately as `consolidated_net_income`. Earnings per share are calculated by the company on the shareowner-attributable figure.
- Coca-Cola's fiscal year ends December 31, but its interim quarters end on a Friday near the calendar quarter end. The second quarter of 2026 therefore ended July 3, 2026 and the comparable 2025 quarter ended June 27, 2025; the period dates shown are the ones the filings state.
- The FY2025 10-K presents three years of income statement and cash flow (2025, 2024 and 2023) but only two balance sheet dates (December 31, 2025 and 2024), so no balance sheet is reported here for fiscal 2023.
- Coca-Cola's balance sheet does not print a total liabilities subtotal. Total liabilities shown here is total assets less total equity. Total debt is the sum of the three borrowing lines the balance sheet does print: loans and notes payable, current maturities of long-term debt, and long-term debt.
- The company does not present a free cash flow line. Free cash flow here is net cash provided by operating activities less purchases of property, plant and equipment.
- The 10-Q presents its cash flow statement for the six months only. The quarterly cash flow figures for the quarters ended July 3, 2026 and June 27, 2025 are therefore the six-month amounts less the corresponding three-month amounts, which the company reported in its first-quarter 2026 results furnished on Form 8-K (accession 0001628280-26-027723), that statement shows the three months ended April 3, 2026 alongside the three months ended March 28, 2025. Cash flow items reported for the quarters are operating cash flow, capital expenditure, free cash flow, dividends paid, depreciation and amortization, and the investing and financing totals; the remaining lines are shown only for the six-month and full-year periods.
- The 10-Q balance sheet shows July 3, 2026 and December 31, 2025 only, so no balance sheet is presented for the year-ago quarter. Total equity and equity attributable to noncontrolling interests at June 27, 2025 are taken from the changes-in-equity note; equity attributable to shareowners is the difference between the two.
- Dividends per share are the amounts stated in the dividend line captions of the statement of shareowners' equity (fiscal years) and the changes-in-equity note (quarters and six-month periods).
- The trailing-twelve-month view covers June 28, 2025 through July 3, 2026 and is fiscal 2025 plus the first six months of 2026 less the first six months of 2025. Its earnings and dividends per share are the sum of the per-share amounts the company reported for those component periods; weighted share counts are not additive across periods and are therefore not shown on that basis.
- Operating cash flow on a trailing-twelve-month basis ($16.3 billion) is far above fiscal 2025's $7.4 billion because $6,069 million of the $6,173 million final fairlife milestone payment ran through operating activities in the first quarter of 2025, which sits inside fiscal 2025 but outside this twelve-month window.
- Fiscal 2024 operating income was held down by $4,163 million of other operating charges, of which $3,109 million was the remeasurement of the fairlife contingent consideration liability and $760 million the impairment of the BodyArmor trademark. Fiscal 2025 charges of $1,261 million included a further $960 million BodyArmor trademark impairment, and fiscal 2023 charges of $1,951 million included $1,702 million of fairlife contingent consideration remeasurement. Comparisons of operating income across these three years are dominated by those items.
- The company had no stock splits in the period covered, is not an American depositary receipt issuer, and reports in U.S. dollars, so no split, depositary-ratio or currency adjustment has been applied.
Uncertainties
- The quarterly cash flow figures for the quarters ended July 3, 2026 and June 27, 2025 are arithmetic differences rather than amounts the company printed. The six-month totals are from the 10-Q; the first-quarter amounts subtracted from them are from the first-quarter 2026 results furnished on Form 8-K, which is a results announcement rather than a quarterly report.
- No balance sheet is available for the quarter ended June 27, 2025 beyond total equity and noncontrolling interests, so total assets, debt and the remaining balance sheet lines are absent for that period.
- No balance sheet is available for fiscal 2023, because the FY2025 10-K carries only two balance sheet dates.
- Trailing-twelve-month earnings per share is the sum of the per-share amounts reported for fiscal 2025 and the two six-month periods; because weighted average share counts differ slightly between those periods, it can differ by roughly a cent from trailing net income divided by a current share count.
- Assets held for sale rose to $5,438 million at July 3, 2026 from $131 million at December 31, 2024, and liabilities held for sale to $2,442 million. Balance sheet comparisons across those dates are affected by that reclassification.
Company details
| Value | |
|---|---|
| Name | Coca Cola Co |
| Ticker | KO |
| CIK | 0000021344 |
| Exchange | NYSE |
| State | Georgia |
| Incorporation | Delaware |
| SIC | 2080 |
| Office | Manufacturing |
| Industry | Beverages |
Fiscal period
| FY2026 | |
|---|---|
| Fiscal year | 2026 |
| Fiscal period | Q2 |
| Tag | FY26Q2 |
| Period end | 2026-07-03 |
| Form | 10-Q |
| Accession | 0001628280-26-050503 |
| Fiscal year end | 1231 |
| Source | derived |
FAQ · Coca-Cola financial statements
How much revenue did Coca-Cola report in Q2 FY2026?
Coca-Cola reported $13.38 billion in net operating revenues for Q2 FY2026, the quarter ended July 3, 2026. That is up 6.7% from $12.54 billion in the same quarter a year earlier, helped by higher concentrate and unit case volume and by a currency tailwind, after currency worked against Coca-Cola through fiscal 2025.
How much did Coca-Cola earn in Q2 FY2026?
Coca-Cola reported net income attributable to shareowners of $4.42 billion in Q2 FY2026, up 16.1% from $3.81 billion a year earlier. Diluted earnings per share were $1.03, compared with $0.88 a year earlier, and earnings grew faster than operating profit because the effective tax rate and interest expense were both lower and gains on securities were higher.
What was Coca-Cola's operating income in Q2 FY2026?
Coca-Cola's operating income was $4.67 billion in Q2 FY2026, up 9.2% from $4.28 billion a year earlier, with a weaker dollar supplying more than half of that increase. Other operating charges were small in both quarters, so unlike Coca-Cola's recent full-year comparisons, which are dominated by trademark impairments and the fairlife contingent consideration remeasurement, the rest of the change reflects trading rather than one-off charges.
Is Coca-Cola's gross margin improving?
Coca-Cola's gross profit was $8.41 billion in Q2 FY2026, up 7.6% from $7.82 billion a year earlier, and the gross margin widened. Favorable pricing, a currency tailwind and the sale of the Nigeria finished product operations more than offset higher commodity costs.
Where can I get Coca-Cola Company (KO) financial data in machine-readable form?
Ticker Scout publishes Coca-Cola Company's financial statements as JSON at https://tickerscout.ai/ko/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/ko/narrative.md and https://tickerscout.ai/ko/events.md. Coca-Cola Company's SEC CIK is 0000021344. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does Coca-Cola Company (KO) next file with the SEC?
Coca-Cola Company (KO) is expected to file its next Form 10-Q with the SEC on or around October 22, 2026. That date is a projection rather than a company-announced date: it is derived from Coca-Cola Company's own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2026, the period ended 2026-07-03, SEC accession 0001628280-26-050503.
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How this page was built
This page was built from three of Coca-Cola Company's own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names five such gaps.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
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Built from Coca-Cola Company's SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.