Inferra AIResearch Tools

Inferra AI / Company / KO

Coca-Cola Company

KO · Consumer Staples

Last earnings Oct 27, 2026

Key results

Net revenuequarter

5%

Net Revenues Grew 5% Organic Revenues (Non-GAAP) Grew 6%

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

Organic revenuequarter

6%

Net Revenues Grew 5% Organic Revenues (Non-GAAP) Grew 6%

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

Operating incomequarter

59%

Operating Income Grew 59% Comparable Currency Neutral Operating Income (Non-GAAP) Grew 15%

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

Comparable Currency Neutral operating incomequarter

15%

Operating Income Grew 59% Comparable Currency Neutral Operating Income (Non-GAAP) Grew 15%

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

Operating marginquarter

32.0%

Operating Margin was 32.0% versus 21.2% in the Prior Year Comparable Operating Margin (Non-GAAP) was 31.9% versus 30.7% in the Prior Year EPS Grew 30% to $0.86 Comparable EPS (Non-GAAP) Grew 6% to $0.82 ATLANTA, Oct.

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

Revenuequarter

6%

Highlights Quarterly Performance Revenues Net revenues grew 5% to $12.5 billion, and organic revenues (non-GAAP) grew 6%.

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

Revenue performance included 6% growth in price mix, while concentrate sales were even.

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

Operating margin Operating margin was 32.0%, and comparable operating margin (non-GAAP) was 31.9%.

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

EPSquarter

30%

Earnings per share EPS grew 30% to $0.86 and included the impact of a 4-point currency headwind.

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

Free cash flowytd

$3.7 billion

1 Cash flow Year-to-date cash flow from operations and free cash flow (non-GAAP) were $3.7 billion and $2.4 billion, respectively, which reflects $6.1 billion of the contingent consideration payment made during the first quarter in conjunction with the acquisition of fairlife, LLC ( fairlife ) in 2020 ( fairlife contingent consideration payment ).

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

Free cash flowQ3 2025

$2.4 billion

1 Cash flow Year-to-date cash flow from operations and free cash flow (non-GAAP) were $3.7 billion and $2.4 billion, respectively, which reflects $6.1 billion of the contingent consideration payment made during the first quarter in conjunction with the acquisition of fairlife, LLC ( fairlife ) in 2020 ( fairlife contingent consideration payment ).

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

AI analysis

Q3 2025 · reported Oct 21, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Free cash flow · Q3 2025
$2.4B
EX-99 · Oct 21, 2025
Operating margin · Q3 2025
32.0%
EX-99 · Oct 21, 2025

Headline figures

MetricQ3 2025Prior qtrYear ago
Net revenue5%——
Organic revenue6%——
Operating income59%——
Comparable Currency Neutral operating income15%——
Operating margin32.0%——
Revenue6%——
EPS30%——
Free cash flow$2.4 billion——

EX-99 · Oct 21, 2025

Guidance · company-stated

Direction: raised

No guidance located in the held release

Stated figure5%

“1 Coca-Cola Reports Third Quarter 2026 Results and Raises Full Year Guidance Global Unit Case Volume Grew 5% Net Revenues Grew 7% Organic Revenues (Non-GAAP) Grew 7% Operating Income Grew 12% Comparable Currency Neutral Operating Income (Non-GAAP) Grew 8% Operating Margin was 33.”

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Operating margin32.0%

Cash flow & capex

Free cash flow$3.7B
Free cash flow$2.4B

Capital allocation

Capex$2.2B

This consists of cash flow from operations excluding the fairlife contingent consideration payment (non-GAAP) of approximately $12.0 billion, less capital expenditures of approximately $2.2 billion.

Company-stated claims

Oct 27, 2026

Historical · grew 261% · income

“Operating income grew 261%, which included items impacting comparability and a currency headwind.”

EX-99 · Oct 27, 2026
Oct 27, 2026

Historical · grew 252% · income

“Comparable currency neutral operating income (non-GAAP) grew 252%, primarily driven by organic revenue (non-GAAP) growth and lower operating expenses.”

EX-99 · Oct 27, 2026
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Earnings per share EPS grew 30% to $0.86 and included the impact of a 4-point currency headwind

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

This consists of cash flow from operations excluding the fairlife contingent consideration payment (non-GAAP) of approximately $12.0 billion, less capital expenditures of approximately $2.2 billion.

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

Also included are our proportionate share of similar items incurred by our equity method investees, timing differences related to our economic (non-designated) hedging activities, and timing differences related to unrealized mark-to-market adjustments of equity securities and trading 17 THE COCA-COLA COMPANY AND SUBSIDIARIES Reconciliation of GAAP and Non-GAAP Financial Measures debt securities, regardless of size.

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

Unrealized Gains and Losses on Equity and Trading Debt Securities The company excludes the net impact of unrealized gains and losses resulting from mark-to-market adjustments on our equity and trading debt securities from our non-GAAP financial information until the period in which the underlying securities are sold and the associated gains or losses are realized, unless individually significant.

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

Management believes this adjustment provides meaningful information related to the impact of our investments in equity and trading debt securities.

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

During the three and nine months ended September 26, 2025, the net impact of the company s adjustment related to unrealized gains and losses on our equity and trading debt securities resulted in decreases of $96 million and $183 million, respectively, to our non-GAAP income before income taxes.

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

During the three and nine months ended September 27, 2024, the net impact of the company s adjustment related to unrealized gains and losses on our equity and trading debt securities resulted in decreases of $103 million and $264 million, respectively, to our non-GAAP income before income taxes.

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

Strategy & priorities

Comparable operating margin (non-GAAP) expansion was driven by organic revenue (non-GAAP) growth and effective cost management, partially offset by an increase in marketing investments and currency headwinds.

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

The company will continue to focus on building a portfolio of consumer-loved brands and pursue enduring long-term growth for the Coca-Cola system with trusted, capable and motivated bottling partners.

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

The company s dual-brand sports strategy with Powerade and BODYARMOR is delivering positive results, as the company gained value share and grew volume during the quarter.

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

This momentum underscores the company s continued focus on meeting evolving consumer preferences and driving growth across its beverage portfolio.

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

Items impacting comparability include, but are not limited to, asset impairments, transaction gains losses including associated costs, and charges related to restructuring initiatives, in each case when exceeding a U.

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

Risks & headwinds

Operating margin performance included items impacting comparability and currency headwinds.

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

Comparable operating margin (non-GAAP) expansion was driven by organic revenue (non-GAAP) growth and effective cost management, partially offset by an increase in marketing investments and currency headwinds.

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

Earnings per share EPS grew 30% to $0.86 and included the impact of a 4-point currency headwind.

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

Comparable EPS (non-GAAP) grew 6% to $0.82 and included the impact of a 6-point currency headwind.

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

Operating income grew 59%, which included items impacting comparability and a currency headwind.

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

Operating income grew 10%, which included items impacting comparability and a currency headwind.

SEC original ↗Coca-Cola Company — Earnings release (8-K exhibit)EX-99Oct 21, 2025

Documents

Earnings deck slides

1 deck with slide view

Competitors

Competitors & peers

Named in the company’s own filings

PepsiCo (PEP)“In many of the countries in which we do business, PepsiCo, Inc.”Keurig Dr Pepper (KDP)“Other significant competitors include, but are not limited to, Nestl S.A., Keurig Dr Pepper Inc., Danone S.A., Suntory Beverage & Food Limited, Anheuser-Busch InBev, Kirin Holdings, Heineken N.V., Diageo plc and Red Bull GmbH.”Anheuser-Busch InBev (BUD)“Other significant competitors include, but are not limited to, Nestl S.A., Keurig Dr Pepper Inc., Danone S.A., Suntory Beverage & Food Limited, Anheuser-Busch InBev, Kirin Holdings, Heineken N.V., Diageo plc and Red Bull GmbH.”Diageo (DEO)“Other significant competitors include, but are not limited to, Nestl S.A., Keurig Dr Pepper Inc., Danone S.A., Suntory Beverage & Food Limited, Anheuser-Busch InBev, Kirin Holdings, Heineken N.V., Diageo plc and Red Bull GmbH.”

Filings

61 documents

Earnings releases

22 documents

Presentations

1 document

Transcripts

0 documents

No transcripts for Coca-Cola Company are held in this edition of the library.

Mentioned by

6 companies

Other tracked companies whose held documents mention Coca-Cola Company by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.