TTM
29.3%
YoY change
+7.47pp
Trough year (1986)
13.2%
Peak year (2001)
30.5%
Latest annual
28.7%
Operating Margin history chart for Coca-Cola (KO) from 1985 to 2025
Latest: 28.7%
Operating Margin change chart for Coca-Cola (KO) from 1985 to 2025
Latest: +7.47pp
Operating Margin history table for Coca-Cola (KO) from 1985 to 2025
| 2025 | 28.7% | +7.47pp | ||
| 2024 | 21.2% | -3.49pp | ||
| 2023 | 24.7% | -0.65pp | ||
| 2022 | 25.4% | -1.30pp | ||
| 2021 | 26.7% | -0.59pp | ||
| 2020 | 27.3% | +0.19pp | ||
| 2019 | 27.1% | +0.38pp | ||
| 2018 | 26.7% | +5.27pp | ||
| 2017 | 21.4% | +0.74pp | ||
| 2016 | 20.7% | +0.97pp | ||
| 2015 | 19.7% | -1.40pp | ||
| 2014 | 21.1% | -0.72pp | ||
| 2013 | 21.8% | -0.62pp | ||
| 2012 | 22.4% | +0.59pp | ||
| 2011 | 21.9% | -2.10pp | ||
| 2010 | 24.0% | -2.60pp | ||
| 2009 | 26.6% | +0.12pp | ||
| 2008 | 26.4% | +1.31pp | ||
| 2007 | 25.1% | -1.06pp | ||
| 2006 | 26.2% | -0.15pp | ||
| 2005 | 26.3% | +0.13pp | ||
| 2004 | 26.2% | +1.40pp | ||
| 2003 | 24.8% | -3.09pp | ||
| 2002 | 27.9% | -2.61pp | ||
| 2001 | 30.5% | +11.95pp | ||
| 2000 | 18.6% | -2.09pp | ||
| 1999 | 20.6% | -5.75pp | ||
| 1998 | 26.4% | -0.10pp | ||
| 1997 | 26.5% | +5.54pp | ||
| 1996 | 21.0% | -1.24pp | ||
| 1995 | 22.2% | -0.72pp | ||
| 1994 | 22.9% | +0.70pp | ||
| 1993 | 22.2% | +1.04pp | ||
| 1992 | 21.2% | +1.15pp | ||
| 1991 | 20.0% | +0.98pp | ||
| 1990 | 19.1% | -0.18pp | ||
| 1989 | 19.2% | +0.08pp | ||
| 1988 | 19.2% | +1.41pp | ||
| 1987 | 17.8% | +4.55pp | ||
| 1986 | 13.2% | -0.02pp | ||
| 1985 | 13.2% | — |
- 202528.7%+7.47pp
- 202421.2%-3.49pp
- 202324.7%-0.65pp
- 202225.4%-1.30pp
- 202126.7%-0.59pp
- 202027.3%+0.19pp
- 201927.1%+0.38pp
- 201826.7%+5.27pp
- 201721.4%+0.74pp
- 201620.7%+0.97pp
- 201519.7%-1.40pp
- 201421.1%-0.72pp
- 201321.8%-0.62pp
- 201222.4%+0.59pp
- 201121.9%-2.10pp
- 201024.0%-2.60pp
- 200926.6%+0.12pp
- 200826.4%+1.31pp
- 200725.1%-1.06pp
- 200626.2%-0.15pp
- 200526.3%+0.13pp
- 200426.2%+1.40pp
- 200324.8%-3.09pp
- 200227.9%-2.61pp
- 200130.5%+11.95pp
- 200018.6%-2.09pp
- 199920.6%-5.75pp
- 199826.4%-0.10pp
- 199726.5%+5.54pp
- 199621.0%-1.24pp
- 199522.2%-0.72pp
- 199422.9%+0.70pp
- 199322.2%+1.04pp
- 199221.2%+1.15pp
- 199120.0%+0.98pp
- 199019.1%-0.18pp
- 198919.2%+0.08pp
- 198819.2%+1.41pp
- 198717.8%+4.55pp
- 198613.2%-0.02pp
- 198513.2%—
Operating Margin values are taken from Coca-Cola's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Coca-Cola (KO)
According to Coca-Cola's latest reported financial statements, the company's latest reported operating margin is 29.3%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, Coca-Cola (KO) operating margin totalled 28.71% – expanded 7.5 percentage points year-over-year.
Across the available history, operating margin reached its high of 30.50% in 2001 and its low of 13.21% in 1986.
Coca-Cola Operating Margin by Year
Coca-Cola Operating Margin 2025: 28.7%
2025's operating margin for Coca-Cola came in at 28.71%, expanded 7.5 percentage points from 2024.
Coca-Cola Operating Margin 2024: 21.2%
Coca-Cola posted operating margin of 21.23% in 2024, contracted 3.5 percentage points from 2023.
Coca-Cola Operating Margin 2023: 24.7%
In 2023, Coca-Cola reported operating margin of 24.72%, contracted 0.6 percentage points from 2022.
Coca-Cola Operating Margin 2022: 25.4%
Coca-Cola operating margin in 2022 was 25.37%, contracted 1.3 percentage points from 2021.
Coca-Cola Operating Margin 2021: 26.7%
Coca-Cola operating margin in 2021 was 26.67%.
See more financial history for Coca-Cola (KO).
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Consumer Defensive peers of Coca-Cola (KO), ranked by their latest operating margin
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