How does Coca-Cola (KO) make money?

Coca-Cola (KO) generates revenue primarily from Pacific, which accounted for 85.6% of total revenue in TTM through Q3 2026. The company reported $50.1B in revenue and converted 28.6% of it into net profit, equivalent to roughly $14.3B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Coca-Cola (KO)?

Coca-Cola (KO) reported a gross profit margin of 61.9% in TTM through Q3 2026, equivalent to $31B in gross profit on $50.1B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Coca-Cola (KO)?

Coca-Cola (KO) reported an operating profit margin of 29.6% in TTM through Q3 2026, equivalent to $14.9B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Coca-Cola (KO)?

Coca-Cola (KO) reported a net profit margin of 28.6% in TTM through Q3 2026, equivalent to $14.3B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Coca-Cola (KO) profitable?

Yes. Coca-Cola (KO) reported $14.3B in net income for TTM through Q3 2026, with a net profit margin of 28.6%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Coca-Cola (KO) spend on capital expenditures?

Coca-Cola (KO) spent $2.05B on capital expenditures (CapEx) during TTM through Q3 2026, roughly 4.1% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Coca-Cola (KO) generate?

Coca-Cola (KO) generated $14.3B in free cash flow during TTM through Q3 2026, a free-cash-flow margin of 28.5%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Coca-Cola (KO)?

Coca-Cola (KO) had an effective tax rate of 16.4% in TTM through Q3 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Coca-Cola (KO)?

Coca-Cola (KO) reports revenue across 3 reportable product segments, led by Pacific at 85.1% of total revenue in TTM through Q3 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does Coca-Cola (KO) generate most of its revenue?

North America is the largest geographic market for Coca-Cola (KO), accounting for 48.2% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How Coca-Cola Makes Money: 2026 Visual Revenue Map

Coca-Cola (KO) Income Statement Flow — TTM through Q3 2026

Calculated from the four most recent reported quarters, ending July 3, 2026 (reported July 29, 2026).

Coca-Cola (KO) Revenue by Product Segment — TTM through Q3 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Coca-Cola (KO), TTM through Q3 2026.
Segment	Revenue (USD)	% of total
Pacific	$42.6B	85.1%
Bottling investments	$7.45B	14.9%
Corporate Segment	$42M	0.1%
Total	$50.1B	100%

Pacific$42.6B
Bottling investments$7.45B
Corporate Segment$42M
Total$50.1B

Coca-Cola (KO) Revenue by Geography — TTM through Q3 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for Coca-Cola (KO), TTM through Q3 2026
Region	Revenue (USD)	% of total
North America	$20.5B	48.2%
Europe	$9.25B	21.8%
Latin America	$6.79B	16%
Pacific	$5.73B	13.5%
Eliminations	$253M	0.6%
Total	$42.5B	100%

North America
Europe
Latin America
Pacific
Eliminations
Total

Revenue Breakdown — TTM through Q3 2026

In TTM through Q3 2026, Coca-Cola (KO) reports revenue across 3 reportable product segments; the largest segment was Pacific at 85.1%, followed by Bottling investments (14.9%) and Corporate Segment (0.1%). Geographically, North America accounted for 48.2% of revenue, followed by Europe (21.8%) and Latin America (16%).

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