KO · 10-Q · 2026Q3
COCA COLA CO
Filed 2026-07-29 · Consumer
USD 26,326MTotal Revenue
USD 107,922MTotal Assets
18Topics
83Top Importance
Ranked Events
- Operating Cash Flow TrendsImportance 83 · Surprise 82Net cash provided by operating activities was $7.543 billion in the six months ended July 3, 2026, compared with $1.391 billion of net cash used in the prior-year period. The $8.934 billion improvement was driven by…
- IRS Tax LitigationImportance 71 · Surprise 60The Company is litigating with the IRS over tax years 2007 through 2009 involving Brazilian royalty-payment restrictions and blocked-income regulations. The Tax Court’s August 2, 2024 decision assessed $2.7 billion of…
- Capital AllocationImportance 58 · Surprise 42The Company expects 2026 capital expenditures of approximately $2.2 billion and plans to repurchase shares to offset dilution from employee stock-based compensation. Six-month treasury-stock cash outflow was $663…
- Receivables Factoring ActivityImportance 54 · Surprise 40The Company sold $7.011 billion of trade accounts receivable through its factoring program during the six months ended July 3, 2026, down 16.5% from $8.400 billion in the prior-year period. Factoring costs declined to…
- Operating Expense TrendsImportance 53 · Surprise 48Second-quarter selling, general and administrative expense increased 7% to $3,720 million from $3,470 million, while six-month expense increased 7% to $7,192 million from $6,704 million. Advertising expense increased…
- Products and TechnologyImportance 52 · Surprise 42The BodyArmor sports performance and hydration beverage business experienced weaker operating results and lower expected future performance. Coca-Cola reduced its projected long-term growth rate for the category and…
- BodyArmor Trademark ImpairmentImportance 52 · Surprise 42The Company recorded a $960 million impairment charge for the BodyArmor trademark during the three months ended December 31, 2025. The charge followed weaker operating results and lower projected future performance,…
- Income Tax Rate ChangesImportance 50 · Surprise 58Six-month income taxes declined to $1.682 billion from $1.715 billion, while the effective tax rate fell to 16.7% from 19.4%. The 2026 effective tax rate included $319 million of net discrete tax benefits, including…
- Liquidity and Cash PositionImportance 49 · Surprise 6Cash, cash equivalents, short-term investments and marketable securities totaled $16.4 billion as of July 3, 2026. The Company also had $6.6 billion of unused backup credit lines for general corporate purposes, with…
- Operating Income and MarginsImportance 49 · Surprise 32Second-quarter operating income increased 9% to $4,672 million from $4,280 million, and six-month operating income increased 14% to $9,031 million from $7,939 million. Consolidated operating margin expanded to 34.9%…
- Acquisitions and DivestituresImportance 46 · Surprise 42The Company refranchised bottling operations in certain territories in India in May 2025, affecting consolidated, Bottling Investments and Asia Pacific revenue analysis for the three and six months ended July 3, 2026.…
- Quarterly Dividend DeclarationImportance 43 · Surprise 6The Board approved a regular quarterly dividend of $0.53 per share at its July 2026 meeting. The dividend is payable October 1, 2026, to shareowners of record at the close of business on September 15, 2026. Six-month…
- Revenue Performance and MixImportance 43 · Surprise 32Second-quarter 2026 net operating revenues increased 7% year over year to $13,380 million from $12,535 million, while six-month revenue increased 9% to $25,852 million from $23,664 million. Worldwide concentrate sales…
- OECD Global Minimum TaxImportance 37 · Surprise 42The OECD’s Pillar One project would reallocate a portion of profits earned by multinational enterprises with annual global revenue exceeding €20 billion and profit margins above 10% to market jurisdictions, but…
- Other Income PerformanceImportance 32 · Surprise 40Six-month other income, net, decreased to $391 million from $466 million in the prior-year period, a 16% decline. The 2026 period included a $301 million net investment-securities gain, $71 million of dividend income,…
- FX / Currency ImpactImportance 26 · Surprise 24Foreign currency fluctuations, including hedging effects, increased consolidated net operating revenues by 2% for both the three and six months ended July 3, 2026. A weaker U.S. dollar versus the Mexican peso,…
- Market Demand TrendsImportance 25 · Surprise 32Worldwide unit case volume increased 5% in the second quarter and 4% in the first six months of 2026, while concentrate sales volume increased 4% and 6%, respectively. Second-quarter unit case volume grew 4% in EMEA,…
- Gross Margin DriversImportance 25 · Surprise 32Second-quarter 2026 gross profit margin increased to 62.9% from 62.4% year over year. Six-month gross margin increased to 62.9% from 62.5%. Pricing initiatives, favorable foreign currency movements and the sale of…
Revenue by Product (in millions)
| segment | Q3 2026 | Six Months 2026 | Q3 2025 | Six Months 2025 |
|---|---|---|---|---|
| Concentrate operations | 8,146 | 15,531 | 7,618 | 14,212 |
| Finished product operations | 5,234 | 10,321 | 4,917 | 9,452 |
Revenue by Geography (in millions)
| Q3 2026 | region | Six Months 2026 | Q3 2025 | Six Months 2025 |
|---|---|---|---|---|
| 3,087 | EMEA | 5,894 | 3,008 | 5,489 |
| 1,839 | Latin America | 3,517 | 1,587 | 3,064 |
| 5,405 | North America | 10,296 | 5,028 | 9,387 |
| 1,487 | Asia Pacific | 2,913 | 1,464 | 2,789 |
| 1,525 | Bottling Investments | 3,163 | 1,409 | 2,870 |