Coca-Cola Company (The) (USD). For the year ended 31 December 2025, revenue was 47.94B, +1.9 % on the previous year, net income was 13.11B. Long-term debt as of 30 June 2026 stood at 37.00B.
Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31/12/2025 | 31/12/2024 |
|---|---|---|
| Revenue | 47.94B | 47.06B |
| Cost of revenue | 18.40B | 18.32B |
| Gross profit | 29.54B | 28.74B |
The series is stated in the current share scale after splits; dividends are not included in the price
Coca-Cola owns the brand and the concentrate while franchising bottling and distribution — which is why its margin exceeds a typical beverage maker's.
The company makes concentrate and sells it to bottlers, who fill, package and distribute the drink. The capital-intensive part of the chain is thus placed outside, while Coca-Cola keeps the formula, the marketing and the retail relationships. That yields high profitability and modest investment needs.
The portfolio long ago moved beyond carbonated soft drinks: water, juice, sports and energy drinks, coffee and tea. The reason is falling sugar consumption in developed markets — growth now comes from other categories and from emerging markets where consumption per person remains low.
Revenue is heavily international, so exchange rates are a permanent feature of the accounts; in strong-dollar years reported figures look worse than local-currency ones. Regulatory risks centre on sugar taxes and labelling rules. Coca-Cola has raised its dividend for more than half a century.
| Selling, general and administrative | 14.52B | 14.58B |
| Operating income | 13.76B | 9.99B |
| Pre-tax income | 16.00B | 13.09B |
| Income tax | 2.86B | 2.44B |
| Net income | 13.11B | 10.63B |
| Earnings per share | 3.05 | 2.47 |
| Earnings per share, diluted | 3.04 | 2.46 |
| Weighted average shares | 4.30B | 4.31B |
| Weighted average shares, diluted | 4.31B | 4.32B |
| Metric | 30/06/2026 | 31/03/2026 | 31/12/2025 | 30/09/2025 | 30/06/2025 | 31/03/2025 | 31/12/2024 | 30/09/2024 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 12.91B | 10.57B | 10.27B | 12.73B | 9.59B | 8.42B | 10.83B | 13.94B |
| Receivables | 3.73B | 3.68B | 3.04B | 3.95B | 4.17B | 4.09B | 3.57B | 4.23B |
| Inventory | 4.65B | 4.73B | 4.43B | 4.80B | 5.08B | 5.10B | 4.73B | 4.71B |
| Current assets | 32.88B | 30.39B | 31.04B | 27.25B | 26.61B | 26.18B | 26.00B | 30.29B |
| Property, plant and equipment | 9.64B | 9.52B | 9.61B | 10.90B | 10.78B | 10.43B | 10.30B | 9.86B |
| Goodwill | 15.46B | 15.41B | 15.49B | 18.66B | 18.66B | 18.33B | 18.14B | 18.69B |
| Total assets | 107.92B | 104.22B | 104.82B | 106.05B | 104.33B | 101.72B | 100.55B | 106.27B |
| Current liabilities | 25.20B | 22.38B | 21.28B | 22.50B | 21.94B | 23.81B | 25.25B | 28.57B |
| Long-term debt | 37.00B | 39.07B | 42.12B | 43.18B | 44.98B | 43.53B | 42.38B | 42.99B |
| Equity | 36.15B | 35.73B | 32.17B | 31.25B | 30.18B | 27.75B | 26.37B | 28.15B |
| Shares outstanding | — | — | 7.04B | 7.04B | 7.04B | 7.04B | 7.04B | 7.04B |
| Shares issued | 7.04B | 7.04B | 7.04B | 7.04B | 7.04B | 7.04B | 7.04B | 7.04B |
| Treasury shares | 2.74B | 2.74B | 2.74B | 2.74B | 2.74B | 2.74B | 2.74B | 2.73B |
| Metric | 31/12/2025 | 31/12/2024 |
|---|---|---|
| Operating cash flow | 7.41B | 6.81B |
| Depreciation and amortisation | 1.05B | 1.08B |
| Share-based compensation | 279M | 286M |
| Capital expenditure | 2.11B | 2.06B |
| Investing cash flow | −67M | 2.52B |
| Dividends paid | 8.78B | 8.36B |
| Share buybacks | 746M | 1.80B |
| Financing cash flow | −8.14B | −6.91B |
A company's accounts come as three tables, and each answers its own question. The income statement shows what the company earned over a period: revenue at the top, costs below it and net income at the bottom, which is what is left for shareholders after tax. When revenue grows and net income does not, costs are growing faster, so it is worth finding out which line has moved.
The balance sheet is a snapshot on a single date: what the company owns and what it owes. Assets equal liabilities plus shareholders' equity. Debt is best judged against cash and earnings rather than on its own, because the same amount can be unremarkable for a large company and dangerous for a small one. Note that a balance sheet is published every quarter, so its date is often more recent than the date of the annual income statement.
The cash flow statement shows how much money actually came in. Net income is an accounting figure, while operating cash flow is what the business really collected. A healthy company usually brings in at least as much in cash as it reports on paper. Out of that flow it pays for equipment, pays dividends and buys back its own shares.
Every column carries the date its period ended, because companies close their financial years in different months. A dash means the company did not report that line, not that it equals zero: a bank, for example, has no cost of revenue. Annual figures give the overall picture, and quarterly ones reveal a turning point sooner, although they are more seasonal, so compare a quarter with the same quarter of the previous year.
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator