KO FY 2025 Earnings Report — The Coca-Cola Company Revenue & Financial Results | Market Cap Arena

The Coca-Cola CompanyKO

FY 2025 Earnings

Reported February 20, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$47.9B	—	$47.1B	—	1.9%
Op. Income	$13.8B	—	$10.0B	—	37.7%
Gross Margin	61.6%	—	61.1%	—	0.6pp
Net Margin	27.3%	—	22.6%	—	4.8pp
EPS (Diluted)	$3.04	—	$2.46	—	23.6%
Free Cash Flow	$5.3B	—	$4.7B	—	11.7%

Revenue Flow

Item	Amount
REVENUE	$47.9B
Cost of Revenue	$18.4B
GROSS PROFIT	$29.5B
R&D Expenses	$0
Selling & Marketing	$5.4B
General & Administrative	$9.1B
SG&A Expenses	$14.5B
Other Expenses	$1.3B
Operating Expenses	$15.8B
Cost & Expenses	$34.2B
OPERATING INCOME	$13.8B
Interest Income	$786M
Interest Expense	$1.7B
Other Income/Expenses	$2.2B
INCOME BEFORE TAX	$16.0B
Income Tax Expense	$2.9B
Net Income from Continuing Ops	$13.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13.1B
D&A	$1.1B
EBIT	$17.7B
EBITDA	$18.7B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$47.9B
Cost of Revenue	$18.4B
GROSS PROFIT	$29.5B
R&D Expenses	$0
Selling & Marketing	$5.4B
General & Administrative	$9.1B
SG&A Expenses	$14.5B
Other Expenses	$1.3B
Operating Expenses	$15.8B
Cost & Expenses	$34.2B
OPERATING INCOME	$13.8B
Interest Income	$786M
Interest Expense	$1.7B
Other Income/Expenses	$2.2B
INCOME BEFORE TAX	$16.0B
Income Tax Expense	$2.9B
Net Income from Continuing Ops	$13.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13.1B
D&A	$1.1B
EBIT	$17.7B
EBITDA	$18.7B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$13.1B
Depreciation & Amortization	$1.1B
Stock-Based Compensation	$279M
Deferred Income Tax	$517M
Other Non-Cash Items	-$367M
Change in Working Capital	-$7.2B
OPERATING CASH FLOW	$7.4B
Capital Expenditure	-$2.1B
Acquisitions (Net)	-$461M
Purchases of Investments	-$6.2B
Sales/Maturities of Investments	$8.2B
Other Investing Activities	$434M
NET CASH FROM INVESTING	-$67M
Net Debt Issuance	$13M
Common Stock Repurchased	-$746M
Common Dividends Paid	-$8.8B
Other Financing Activities	$1.1B
NET CASH FROM FINANCING	-$8.1B
FREE CASH FLOW	$5.3B
Net Change in Cash	-$478M

Balance Sheet

Item	Amount
Cash & Equivalents	$10.3B
Short-Term Investments	$3.6B
Net Receivables	$3.0B
Inventory	$4.4B
Other Current Assets	$9.7B
TOTAL CURRENT ASSETS	$31.0B
PP&E (Net)	$9.6B
Goodwill	$15.5B
Intangible Assets	$12.5B
Long-Term Investments	$20.2B
Tax Assets	$1.2B
Other Non-Current Assets	$14.7B
TOTAL NON-CURRENT ASSETS	$73.8B
TOTAL ASSETS	$104.8B
Account Payables	$14.8B
Short-Term Debt	$3.4B
Deferred Revenue	$0
Other Current Liabilities	$2.6B
TOTAL CURRENT LIABILITIES	$21.3B
Long-Term Debt	$42.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.4B
Other Non-Current Liabilities	$4.7B
TOTAL NON-CURRENT LIABILITIES	$49.3B
TOTAL LIABILITIES	$70.5B
Common Stock	$1.8B
Additional Paid-In Capital	$20.6B
Retained Earnings	$80.4B
Treasury Stock	-$56.4B
Accum. Other Comp. Income	-$14.1B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$32.2B
Minority Interest	$2.1B
TOTAL EQUITY	$34.3B
TOTAL LIABILITIES & EQUITY	$104.8B
Total Debt	$45.5B
Net Debt	$35.2B