The Coca-Cola Company (KO) Income Statement
KO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsKO revenue and net income
Where KO's revenue goes
2025Each bar shows an amount and its share of revenue. KO kept 27.3% of revenue as net income.
KO profit margins
KO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +1.9% | +3.7% | +7.7% | +0.8% |
| Gross profit | +2.8% | +5.7% | +8.6% | +1.0% |
| Operating income | +37.7% | +8.1% | +8.9% | +4.7% |
| Net income | +23.3% | +11.2% | +11.1% | +6.0% |
| EPS (diluted) | +4.2% | +6.6% | +9.0% | +4.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
KO quarterly EPS vs estimates
Coca-Cola beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 27, 2026 (estimate $0.87).
KO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $47.94B | $47.06B | $45.75B | $43.00B | $38.66B | $33.01B | $37.27B | $34.30B | $36.21B | $41.86B |
| Cost of revenue | $18.40B | $18.32B | $18.52B | $18.00B | $15.36B | $13.43B | $14.62B | $13.07B | $13.72B | $16.46B |
| Gross profit | $29.54B | $28.74B | $27.23B | $25.00B | $23.30B | $19.58B | $22.65B | $21.23B | $22.49B | $25.40B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $14.52B | $14.44B | $13.99B | $12.66B | $11.87B | $9.56B | $12.01B | $11.01B | $12.90B | $15.40B |
| Total operating expenses | $15.78B | $18.75B | $15.92B | $14.10B | $12.99B | $10.58B | $12.56B | $12.08B | $14.74B | $16.74B |
| Operating income | $13.76B | $9.99B | $11.31B | $10.91B | $10.31B | $9.00B | $10.09B | $9.15B | $7.75B | $8.66B |
| Interest income | $1.16B | $988.0M | $907.0M | $1.04B | $276.0M | $89.0M | $563.0M | $682.0M | $677.0M | $642.0M |
| Interest expense | $1.65B | $1.66B | $1.53B | $882.0M | $1.60B | $1.44B | $946.0M | $950.0M | $853.0M | $733.0M |
| Income before taxes | $16.00B | $13.09B | $12.95B | $11.69B | $12.43B | $9.75B | $10.79B | $8.22B | $6.89B | $8.14B |
| Income taxes | $2.86B | $2.44B | $2.25B | $2.12B | $2.62B | $1.98B | $1.80B | $1.75B | $5.61B | $1.59B |
| Net income | $13.11B | $10.63B | $10.71B | $9.54B | $9.77B | $7.75B | $8.92B | $6.43B | $1.25B | $6.53B |
| EBITDA | $18.70B | $15.82B | $15.61B | $13.83B | $15.47B | $12.72B | $13.10B | $10.26B | $9.00B | $10.66B |
| EPS (diluted) | $3.00 | $2.88 | $2.69 | $2.48 | $2.33 | $1.95 | $2.11 | $2.09 | $1.91 | $1.91 |
| Gross margin | 61.6% | 61.1% | 59.5% | 58.1% | 60.3% | 59.3% | 60.8% | 61.9% | 62.1% | 60.7% |
| Operating margin | 28.7% | 21.2% | 24.7% | 25.4% | 26.7% | 27.3% | 27.1% | 26.7% | 21.4% | 20.7% |
| Net margin | 27.3% | 22.6% | 23.4% | 22.2% | 25.3% | 23.5% | 23.9% | 18.8% | 3.4% | 15.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.38B | $12.47B | $11.82B | $12.46B | $12.54B | $11.13B | $11.54B | $11.85B | $12.36B | $11.30B | $10.85B | $11.95B |
| Cost of revenue | $4.96B | $4.62B | $4.72B | $4.80B | $4.71B | $4.16B | $4.61B | $4.66B | $4.81B | $4.24B | $4.63B | $4.66B |
| Gross profit | $8.41B | $7.85B | $7.10B | $7.66B | $7.82B | $6.97B | $6.93B | $7.19B | $7.55B | $7.07B | $6.21B | $7.30B |
| Sales, general & admin | $3.74B | $3.47B | $4.20B | $4.28B | $3.47B | $3.23B | $3.97B | $3.60B | $3.54B | $3.34B | $3.85B | $3.65B |
| Total operating expenses | $3.74B | $3.47B | $5.26B | $3.68B | $3.54B | $3.31B | $4.22B | $4.68B | $4.92B | $4.92B | $3.94B | $4.03B |
| Operating income | $4.67B | $4.36B | $1.84B | $3.98B | $4.28B | $3.66B | $2.71B | $2.51B | $2.63B | $2.14B | $2.27B | $3.27B |
| Interest income | $198.0M | $222.0M | $277.0M | $185.0M | $188.0M | $180.0M | $204.0M | $263.0M | $275.0M | $246.0M | $267.0M | $248.0M |
| Interest expense | $369.0M | $375.0M | $431.0M | $391.0M | $445.0M | $387.0M | $431.0M | $425.0M | $418.0M | $382.0M | $413.0M | $368.0M |
| Income before taxes | $5.47B | $4.61B | $2.96B | $4.18B | $4.80B | $4.06B | $2.81B | $3.38B | $3.03B | $3.87B | $2.48B | $3.54B |
| Income taxes | $1.04B | $645.0M | $646.0M | $500.0M | $993.0M | $722.0M | $593.0M | $530.0M | $627.0M | $687.0M | $496.0M | $454.0M |
| Net income | $4.42B | $3.92B | $2.27B | $3.70B | $3.81B | $3.33B | $2.19B | $2.85B | $2.41B | $3.18B | $1.97B | $3.09B |
| EBITDA | $6.11B | $5.25B | $3.63B | $4.84B | $5.52B | $4.71B | $3.51B | $4.07B | $3.71B | $4.52B | $3.17B | $4.20B |
| EPS (diluted) | $0.97 | $0.86 | $0.58 | $0.82 | $0.87 | $0.73 | $0.55 | $0.77 | $0.84 | $0.72 | $0.49 | $0.74 |
| Gross margin | 62.9% | 63.0% | 60.0% | 61.5% | 62.4% | 62.6% | 60.0% | 60.7% | 61.1% | 62.5% | 57.3% | 61.0% |
| Operating margin | 34.9% | 35.0% | 15.6% | 32.0% | 34.1% | 32.9% | 23.5% | 21.2% | 21.3% | 18.9% | 21.0% | 27.4% |
| Net margin | 33.1% | 31.5% | 19.2% | 29.7% | 30.4% | 29.9% | 19.0% | 24.0% | 19.5% | 28.1% | 18.2% | 25.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in KO's financial statements (latest annual report filed February 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
KO financial results
In fiscal year 2025 (ended December 31, 2025), Coca-Cola reported revenue of $47.9 billion, up 1.9% from the year before. It had net income of $13.1 billion (up 23.3%), a net profit margin of 27.3%. Diluted earnings per share came to $3.00. Over five years revenue grew at an average rate of 7.7% a year.
See the KO stock overview for the latest quote and news, or the KO chart for price history and technical indicators.
KO income statement FAQ
What is Coca-Cola's annual revenue?
Coca-Cola reported total revenue of $47.9 billion for fiscal year 2025, which ended on December 31, 2025. That was up 1.9% from $47.1 billion the previous year.
Is Coca-Cola profitable?
Yes. Coca-Cola reported net income of $13.1 billion in fiscal 2025, a net profit margin of 27.3%; its operating margin was 28.7%.
What is Coca-Cola's gross margin?
Coca-Cola's gross margin was 61.6% in fiscal 2025: for every $100 of revenue, Coca-Cola kept $62 after the direct cost of its products and services.
How fast is Coca-Cola growing?
Revenue grew 7.7% a year on average over the last five fiscal years, from $33.0 billion to $47.9 billion.
What are Coca-Cola's earnings per share?
Coca-Cola earned $3.00 per diluted share in fiscal 2025, compared with $2.88 a year earlier.
When will Coca-Cola report its next earnings?
Coca-Cola is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 before the market opens.
When does Coca-Cola's fiscal year end?
Coca-Cola's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 20, 2026.