Operating Income for Coca-Cola (KO)
According to Coca-Cola's latest reported financial statements, the company's current operating income (TTM) is $14.46B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$14.46B
YoY change
+37.7%
5Y CAGR
+8.9%
Peak year (2025)
$13.76B
Cumulative operating income
$263.32B
Operating Income history chart for Coca-Cola (KO) from 1985 to 2025
Operating Income history table for Coca-Cola (KO) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $13.76B | +37.7% | ||
| 2024 | $9.99B | -11.7% | ||
| 2023 | $11.31B | +3.7% | ||
| 2022 | $10.91B | +5.8% | ||
| 2021 | $10.31B | +14.6% | ||
| 2020 | $9.00B | -10.8% | ||
| 2019 | $10.09B | +10.2% | ||
| 2018 | $9.15B | +18.0% | ||
| 2017 | $7.75B | -10.4% | ||
| 2016 | $8.66B | -0.8% | ||
| 2015 | $8.73B | -10.1% | ||
| 2014 | $9.71B | -5.1% | ||
| 2013 | $10.23B | -5.1% | ||
| 2012 | $10.78B | +6.0% | ||
| 2011 | $10.17B | +20.9% | ||
| 2010 | $8.41B | +2.2% | ||
| 2009 | $8.23B | -2.5% | ||
| 2008 | $8.45B | +16.5% | ||
| 2007 | $7.25B | +15.0% | ||
| 2006 | $6.31B | +3.7% | ||
| 2005 | $6.08B | +6.8% | ||
| 2004 | $5.70B | +9.1% | ||
| 2003 | $5.22B | -4.3% | ||
| 2002 | $5.46B | +2.0% | ||
| 2001 | $5.35B | +45.0% | ||
| 2000 | $3.69B | -7.3% | ||
| 1999 | $3.98B | -19.8% | ||
| 1998 | $4.97B | -0.7% | ||
| 1997 | $5.00B | +27.7% | ||
| 1996 | $3.92B | -2.8% | ||
| 1995 | $4.03B | +8.6% | ||
| 1994 | $3.71B | +19.5% | ||
| 1993 | $3.10B | +12.0% | ||
| 1992 | $2.77B | +19.5% | ||
| 1991 | $2.32B | +18.8% | ||
| 1990 | $1.95B | +13.1% | ||
| 1989 | $1.73B | +8.0% | ||
| 1988 | $1.60B | +17.5% | ||
| 1987 | $1.36B | +18.8% | ||
| 1986 | $1.15B | +9.5% | ||
| 1985 | $1.05B | — |
Operating Income values are taken from Coca-Cola's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Coca-Cola (KO) operating income totalled $13.76B – surged 37.7% year-over-year.
Coca-Cola operating income compound annual growth for the 2020–2025 (5 years) window is +8.9%, with the latest reading among the more recent periods of the dataset.
2025 marks the peak operating income at $13.76B, with the historical low of $1.05B recorded in 1985.
Coca-Cola (KO) sits 5th of 8 Consumer Defensive peers we track on this metric, against a peer median of $14.21B.
Coca-Cola Operating Income by Year
Coca-Cola Operating Income 2025: $13.76B
Coca-Cola operating income in 2025 was $13.76B, surged 37.7% from 2024. This figure represents the highest annual value in the available history.
Coca-Cola Operating Income 2024: $9.99B
Coca-Cola operating income in 2024 was $9.99B, declined 11.7% below 2023.
Coca-Cola Operating Income 2023: $11.31B
Coca-Cola operating income in 2023 was $11.31B, edged up 3.7% from 2022.
Coca-Cola Operating Income 2022: $10.91B
Coca-Cola operating income in 2022 was $10.91B, grew 5.8% from 2021.
Coca-Cola Operating Income 2021: $10.31B
Coca-Cola operating income in 2021 was $10.31B.
See more financial history for Coca-Cola (KO).
Sector peers — Operating Income
Companies in the same sector as Coca-Cola, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Walmart Inc. (WMT) | $29.82B | Consumer Defensive |
| The Procter & Gamble Company (PG) | $20.45B | Consumer Defensive |
| Altria Group, Inc. (MO) | $15.06B | Consumer Defensive |
| Philip Morris International Inc. (PM) | $14.93B | Consumer Defensive |
| PepsiCo, Inc. (PEP) | $13.49B | Consumer Defensive |
| Costco Wholesale Corporation (COST) | $10.38B | Consumer Defensive |
| Mondelez International, Inc. (MDLZ) | $3.62B | Consumer Defensive |
| Monster Beverage Corporation (MNST) | $2.42B | Consumer Defensive |
Frequently asked questions
What is Coca-Cola's operating income?
- Latest reported operating income for Coca-Cola (KO) is $14.46B (period ending April 3, 2026).
How has Coca-Cola operating income changed year-over-year?
- Coca-Cola (KO) operating income changed +37.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Coca-Cola operating income?
- Coca-Cola (KO) operating income compound annual growth rate is +8.9% over the most recent 5 years available.
When did Coca-Cola operating income hit its highest annual value?
- Coca-Cola operating income reached its highest annual value of $13.76B in 2025.
What was Coca-Cola operating income in 2024?
- Coca-Cola (KO) operating income in 2024 was $9.99B.
What was Coca-Cola operating income in 2025?
- Coca-Cola (KO) operating income in 2025 was $13.76B.
Metrics overview
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