Shares Outstanding for Coca-Cola (KO)
According to Coca-Cola's latest reported financial statements, the company's latest reported diluted shares outstanding is 4.31B. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingShares OutstandingSwitch metric
Latest period
4.31B
YoY change
-0.2%
5Y CAGR
-0.0%
Peak year (1986)
6.03B
Latest annual
4.31B
Shares Outstanding history chart for Coca-Cola (KO) from 1985 to 2025
Shares Outstanding history table for Coca-Cola (KO) from 1985 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 4.31B | -0.2% | ||
| 2024 | 4.32B | -0.4% | ||
| 2023 | 4.34B | -0.3% | ||
| 2022 | 4.35B | +0.2% | ||
| 2021 | 4.34B | +0.4% | ||
| 2020 | 4.32B | +0.2% | ||
| 2019 | 4.31B | +0.3% | ||
| 2018 | 4.30B | -0.6% | ||
| 2017 | 4.32B | -1.0% | ||
| 2016 | 4.37B | -0.9% | ||
| 2015 | 4.41B | -1.0% | ||
| 2014 | 4.45B | -1.3% | ||
| 2013 | 4.51B | -1.6% | ||
| 2012 | 4.58B | -1.3% | ||
| 2011 | 4.65B | -0.4% | ||
| 2010 | 4.67B | +0.2% | ||
| 2009 | 4.66B | -0.3% | ||
| 2008 | 4.67B | +0.2% | ||
| 2007 | 4.66B | -0.8% | ||
| 2006 | 4.70B | -1.8% | ||
| 2005 | 4.79B | -1.5% | ||
| 2004 | 4.86B | -1.3% | ||
| 2003 | 4.92B | -0.8% | ||
| 2002 | 4.97B | -0.2% | ||
| 2001 | 4.97B | 0.0% | ||
| 2000 | 4.97B | 0.0% | ||
| 1999 | 4.97B | -0.4% | ||
| 1998 | 4.99B | -0.8% | ||
| 1997 | 5.03B | -0.3% | ||
| 1996 | 5.05B | -1.0% | ||
| 1995 | 5.10B | -1.4% | ||
| 1994 | 5.17B | -1.4% | ||
| 1993 | 5.24B | -2.3% | ||
| 1992 | 5.37B | -0.4% | ||
| 1991 | 5.39B | -1.2% | ||
| 1990 | 5.45B | +23.5% | ||
| 1989 | 4.42B | -25.5% | ||
| 1988 | 5.93B | +0.4% | ||
| 1987 | 5.91B | -1.9% | ||
| 1986 | 6.03B | +0.1% | ||
| 1985 | 6.02B | — |
Shares Outstanding 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
Coca-Cola (KO) most recent annual diluted shares outstanding stands at 4.31B (2025) – edged down 0.2% year-over-year.
Across 2020–2025 (5 years), Coca-Cola diluted shares outstanding produced a CAGR of -0.0% – with a net decline across the window.
Coca-Cola diluted shares outstanding peaked at 6.03B in 1986; the latest annual figure is 4.31B in 2025 (28.4% below peak).
The highest annual diluted shares outstanding of 6.03B was reported in 1986. The lowest in the available history was 4.30B in 2018.
Among 8 Consumer Defensive peers, Coca-Cola (KO) ranks 2nd; the peer median for diluted shares outstanding is 1.47B.
Coca-Cola Shares Outstanding by Year
Coca-Cola Shares Outstanding 2025: 4.31B
Coca-Cola diluted shares outstanding in 2025 was 4.31B, edged down 0.2% below 2024.
Coca-Cola Shares Outstanding 2024: 4.32B
Coca-Cola diluted shares outstanding in 2024 was 4.32B, edged down 0.4% below 2023.
Coca-Cola Shares Outstanding 2023: 4.34B
Coca-Cola diluted shares outstanding in 2023 was 4.34B, edged down 0.3% below 2022.
Coca-Cola Shares Outstanding 2022: 4.35B
Coca-Cola diluted shares outstanding in 2022 was 4.35B, edged up 0.2% from 2021.
Coca-Cola Shares Outstanding 2021: 4.34B
Coca-Cola diluted shares outstanding in 2021 was 4.34B.
See more financial history for Coca-Cola (KO).
Sector peers — Shares Outstanding
Companies in the same sector as Coca-Cola, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| Walmart Inc. (WMT) | 8.02B | Consumer Defensive |
| The Procter & Gamble Company (PG) | 2.45B | Consumer Defensive |
| Altria Group, Inc. (MO) | 1.68B | Consumer Defensive |
| Philip Morris International Inc. (PM) | 1.56B | Consumer Defensive |
| PepsiCo, Inc. (PEP) | 1.37B | Consumer Defensive |
| Mondelez International, Inc. (MDLZ) | 1.30B | Consumer Defensive |
| Monster Beverage Corporation (MNST) | 984.45M | Consumer Defensive |
| Costco Wholesale Corporation (COST) | 444.80M | Consumer Defensive |
Frequently asked questions
What is Coca-Cola's diluted shares outstanding?
- Latest reported diluted shares outstanding for Coca-Cola (KO) is 4.31B (period ending April 3, 2026).
How has Coca-Cola diluted shares outstanding changed year-over-year?
- Coca-Cola (KO) diluted shares outstanding changed -0.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Coca-Cola diluted shares outstanding?
- Coca-Cola (KO) diluted shares outstanding compound annual growth rate is -0.0% over the most recent 5 years available.
When did Coca-Cola diluted shares outstanding hit its highest annual value?
- Coca-Cola diluted shares outstanding reached its highest annual value of 6.03B in 1986.
What was Coca-Cola diluted shares outstanding in 2024?
- Coca-Cola (KO) diluted shares outstanding in 2024 was 4.32B.
What was Coca-Cola diluted shares outstanding in 2025?
- Coca-Cola (KO) diluted shares outstanding in 2025 was 4.31B.
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