The Coca-Cola Company
Financial Performance
Coca-Cola Revenue & Financials
Revenue
$47.9B (FY2025)
Market Cap
$379B
Net Income
$13.1B
Employees
65,900
What is Coca-Cola's revenue?
Coca-Cola had $47.9B in revenue for fiscal year 2025, up 1.9% from 2024. Net income was $13.1B.
- Latest revenue
- $47.9B (FY2025)
- Year-over-year
- +1.9%
- Growth rate (CAGR)
- 3.6% over 8 years
- Peak revenue
- $47.9B (FY2025)
- Years of data
- 9
- Employees
- 65,900
- What is Coca-Cola's operating income?
- Coca-Cola reported operating income of $13.8B for fiscal year 2025. sec.gov
- How much profit does Coca-Cola make?
- Coca-Cola reported net income of $13.1B for fiscal year 2025. data.sec.gov
- How many employees does Coca-Cola have?
- Coca-Cola has about 65,900 employees.
Financial Analysis
Coca-Cola's franchise system sells concentrates and syrups to bottling partners and also reports finished-product revenue from consolidated operations. The parent reported $47.941 billion of FY2025 net operating revenue, $13.762 billion of operating income and $13.107 billion of net income attributable to shareowners. Its reported operating margin was 28.7%, versus 21.2% in 2024; the 2024 result included a larger fairlife contingent-consideration remeasurement charge. FY2025 operating cash flow was $7.408 billion and purchases of property, plant and equipment were $2.112 billion. Their difference, $5.296 billion, is Coca-Cola's non-GAAP free cash flow; operating cash flow included approximately $6.1 billion of the final fairlife contingent payment in 2025. For comparison, the $6.0 billion IRS tax-litigation deposit reduced 2024 cash flow. In Q2 2026, Coca-Cola reported $13.4 billion of net revenue and a 34.9% operating margin. These quarterly figures are separate from the FY2025 annual results.
Revenue Trend Analysis
YoY Change
+1.9%
8-Year CAGR
+3.6%
Peak Year
2025
Trend
Consistent Growth
The Coca-Cola Company has 9 full fiscal year figures on this page, compounding at +3.6% annually over 8 years. The most recent year saw a 1.9% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $47.9B. Of 8 comparable year-over-year steps, 6 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $47.9B | $13.8Bfiling | $13.1B | +1.9% | data.sec.gov 2025 revenue rose to $47.941 billion. |
| FY2024 | $47.1B | $10Bfiling | $10.6B | +2.9% | data.sec.gov 2024 revenue was $47.061 billion. |
| FY2023 | $45.8B | $11.3Bfiling | $10.7B | +6.4% | data.sec.gov 2023 revenue was $45.754 billion. |
| FY2022 | $43B | $10.9Bfiling | $9.5B | +11.3% | data.sec.gov 2022 revenue reached $43.004 billion. |
| FY2021 | $38.7B | $10.3Bfiling | — | +17.1% | data.sec.gov 2021 revenue rebounded to $38.655 billion. |
| FY2020 | $33B | $9Bfiling | — | -11.4% | data.sec.gov 2020 revenue was $33.014 billion during the pandemic shock to away-from-home channels. |
| FY2019 | $37.3B | $10.1B | $8.9B | +8.6% | The Coca-Cola Company annual report (Form 10-K, SEC EDGAR, filed 2022-02-22) Fiscal year ended 2019-12-31. |
| FY2018 | $34.3B | $9.2Bfiling | $6.4B | -5.3% | COCA COLA CO annual report (SEC EDGAR, filed 2020-02-24) Fiscal year ended 2018-12-31. Figure as presented in the annual report filed 2020-02-24. |
| FY2017 | $36.2B | $7.8B | $1.2B | — | COCA COLA CO annual report (SEC EDGAR, filed 2020-02-24) Fiscal year ended 2017-12-31. Figure as presented in the annual report filed 2020-02-24. |
Click any row to see year details.
The Coca-Cola Company balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $7.4B | $2.1B | $104.8B | $32.2B | $5.3B | Form 10-K |
| FY2024ended Dec 31, 2024 | $6.8B | $2.1B | $100.5B | $24.9B | $4.7B | Form 10-K |
| FY2023ended Dec 31, 2023 | $11.6B | $1.9B | $97.7B | $25.9B | $9.7B | Form 10-K |
| FY2022ended Dec 31, 2022 | $11B | $1.5B | $92.8B | $24.1B | $9.5B | Form 10-K |
| FY2021ended Dec 31, 2021 | $12.6B | $1.4B | $94.4B | $23B | $11.3B | Form 10-K |
| FY2020ended Dec 31, 2020 | $9.8B | $1.2B | $87.3B | $19.3B | $8.7B | Form 10-K |
| FY2019ended Dec 31, 2019 | $10.5B | $2.1B | $86.4B | $19B | $8.4B | Form 10-K |
| FY2018ended Dec 31, 2018 | $7.6B | $1.5B | $83.2B | $17B | $6.1B | Form 10-K |
| FY2017ended Dec 31, 2017 | $7B | $1.8B | $87.9B | $17.1B | $5.3B | Form 10-K |
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Coca-Cola Revenue and Financial FAQ
What were Coca-Cola's FY2025 revenue and profit?
The Coca-Cola Company reported $47.941 billion of net operating revenue, $13.762 billion of operating income and $13.107 billion of net income attributable to shareowners in 2025. The comparable 2024 revenue figure was $47.061 billion.
What was Coca-Cola's operating margin in 2025?
Reported operating margin was 28.7% in 2025, versus 21.2% in 2024. The 2025 Form 10-K reports $13.762 billion of operating income on $47.941 billion of net operating revenue; the 2024 result included a larger charge for remeasuring fairlife contingent consideration.
How much free cash flow did Coca-Cola produce in 2025?
Operating cash flow was $7.408 billion and purchases of property, plant and equipment were $2.112 billion in FY2025. Their difference was $5.296 billion of free cash flow, a non-GAAP measure. Operating cash flow included approximately $6.1 billion of the final fairlife contingent payment.
Why did Coca-Cola's free cash flow differ in 2024 and 2025?
The 2024 cash-flow statement included a $6.0 billion IRS tax-litigation deposit; the 2025 statement included approximately $6.1 billion of the fairlife contingent payment. Those are different years and different transactions. Coca-Cola reports adjustments excluding these payments separately from its reported free cash flow.
What did Coca-Cola report in Q2 2026?
For Q2 2026, Coca-Cola reported $13.4 billion in net revenue, up 7%, and a 34.9% reported operating margin. Comparable operating margin was 35.6% on a non-GAAP basis. The quarter should not be added to FY2025 annual figures.
How much did Coca-Cola spend on advertising in 2025?
Coca-Cola reported $5.4 billion of advertising costs within selling, general and administrative expense in 2025, compared with $5.1 billion in 2024. This is the company-reported advertising-cost line, not a total for every bottling partner.
What was Coca-Cola's dividend in 2026?
In February 2026, Coca-Cola approved its 64th consecutive annual dividend increase, raising the quarterly payment from $0.51 to $0.53 per share, or $2.12 annualized. The company reported $8.8 billion of dividends paid to shareowners in 2025.
Was Coca-Cola's $6.0 billion IRS payment a settlement?
No. Coca-Cola paid a $6.0 billion IRS tax-litigation deposit in September 2024 after a Tax Court decision, while pursuing appellate review. Its 2025 Form 10-K still describes the litigation and the possibility of a refund or additional liability.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Coca-Cola Revenue & Financials." CorpDigest, https://corpdigest.com/company/coca-cola/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Coca-Cola reported $47.9B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/coca-cola/financials" target="_blank" rel="noopener">CorpDigest — Coca-Cola financials</a></div>Related Financial Audits
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