How does Coca-Cola (KO) make money?

Coca-Cola (KO) generates revenue primarily from Pacific, which accounted for 86.1% of total revenue in TTM through Q2 2026. The company reported $49.28B in revenue and converted 27.8% of it into net profit, equivalent to roughly $13.70B 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 61.7% in TTM through Q2 2026, equivalent to $30.43B in gross profit on $49.28B 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 29.3% in TTM through Q2 2026, equivalent to $14.46B 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 27.8% in TTM through Q2 2026, equivalent to $13.70B 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 $13.70B in net income for TTM through Q2 2026, with a net profit margin of 27.8%. 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 $2.07B on capital expenditures (CapEx) during TTM through Q2 2026, roughly 4.2% 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 $12.56B in free cash flow during TTM through Q2 2026, a free-cash-flow margin of 25.5%. 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 16.8% in TTM through Q2 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% of total revenue in TTM through Q2 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 48.1% 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 Q2 2026

Calculated from the four most recent reported quarters, ending April 3, 2026 (reported April 30, 2026).

Coca-Cola (KO) Revenue by Product Segment — TTM through Q2 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) in TTM through Q2 2026.
Segment	Revenue (USD)	% of total
Pacific	$41.87B	85%
Bottling investments	$7.33B	14.9%
Corporate Segment	$90.47M	0.2%
Total	$49.28B	100%

Pacific$41.87B
Bottling investments$7.33B
Corporate Segment$90.47M
Total$49.28B

Coca-Cola (KO) Revenue by Geography — TTM through Q2 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 Q2 2026
Region	Revenue (USD)	% of total
North America	$20.12B	48.1%
Europe	$9.18B	22%
Latin America	$6.54B	15.6%
Pacific	$5.72B	13.7%
Eliminations	$253.00M	0.6%
Total	$41.81B	100%

North America
Europe
Latin America
Pacific
Eliminations
Total

Revenue Breakdown — TTM through Q2 2026

In TTM through Q2 2026, Coca-Cola (KO) reports revenue across 3 operating segments; the largest segment was Pacific at 85%, followed by Bottling investments (14.9%) and Corporate Segment (0.2%). Separately, by end-market geography, North America accounted for 48.1% of revenue, followed by Europe (22%) and Latin America (15.6%).

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