Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Coca-Cola Co., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	Jul 3, 2026	Apr 3, 2026	Dec 31, 2025	Sep 26, 2025	Jun 27, 2025	Mar 28, 2025	Dec 31, 2024	Sep 27, 2024	Jun 28, 2024	Mar 29, 2024	Dec 31, 2023	Sep 29, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jul 1, 2022	Apr 1, 2022	Dec 31, 2021	Oct 1, 2021	Jul 2, 2021	Apr 2, 2021
Net operating revenues	13,380)	12,472)	11,822)	12,455)	12,535)	11,129)	11,544)	11,854)	12,363)	11,300)	10,849)	11,953)	11,972)	10,980)	10,125)	11,063)	11,325)	10,491)	9,464)	10,042)	10,129)	9,020)
Cost of goods sold	(4,965)	(4,620)	(4,723)	(4,797)	(4,714)	(4,163)	(4,613)	(4,664)	(4,812)	(4,235)	(4,634)	(4,657)	(4,912)	(4,317)	(4,513)	(4,566)	(4,830)	(4,091)	(4,088)	(3,977)	(3,787)	(3,505)
Gross profit	8,415)	7,852)	7,099)	7,658)	7,821)	6,966)	6,931)	7,190)	7,551)	7,065)	6,215)	7,296)	7,060)	6,663)	5,612)	6,497)	6,495)	6,400)	5,376)	6,065)	6,342)	5,515)
Selling, general and administrative expenses	(3,720)	(3,472)	(4,199)	(3,618)	(3,470)	(3,234)	(4,046)	(3,636)	(3,549)	(3,351)	(3,799)	(3,667)	(3,321)	(3,185)	(3,431)	(3,279)	(3,203)	(2,967)	(3,336)	(3,122)	(3,017)	(2,669)
Other operating charges	(23)	(21)	(1,059)	(58)	(71)	(73)	(176)	(1,044)	(1,370)	(1,573)	(143)	(359)	(1,338)	(111)	(106)	(130)	(951)	(28)	(368)	(45)	(309)	(124)
Operating income	4,672)	4,359)	1,841)	3,982)	4,280)	3,659)	2,709)	2,510)	2,632)	2,141)	2,273)	3,270)	2,401)	3,367)	2,075)	3,088)	2,341)	3,405)	1,672)	2,898)	3,016)	2,722)
Interest income	198)	222)	233)	185)	188)	180)	204)	263)	275)	246)	267)	248)	224)	168)	143)	128)	100)	78)	71)	68)	71)	66)
Interest expense	(369)	(375)	(431)	(391)	(445)	(387)	(431)	(425)	(418)	(382)	(413)	(368)	(374)	(372)	(304)	(198)	(198)	(182)	(165)	(210)	(780)	(442)
Equity income, net	604)	384)	475)	644)	561)	351)	338)	541)	537)	354)	361)	517)	538)	275)	339)	479)	392)	262)	302)	455)	402)	279)
Other income (loss), net	370)	21)	844)	(237)	212)	254)	(14)	491)	2)	1,513)	(6)	(130)	91)	615)	247)	(53)	(351)	(105)	1,080)	(127)	909)	138)
Income before income taxes	5,475)	4,611)	2,962)	4,183)	4,796)	4,057)	2,806)	3,380)	3,028)	3,872)	2,482)	3,537)	2,880)	4,053)	2,500)	3,444)	2,284)	3,458)	2,960)	3,084)	3,618)	2,763)
Income taxes	(1,037)	(645)	(646)	(500)	(993)	(722)	(593)	(530)	(627)	(687)	(496)	(454)	(359)	(940)	(444)	(622)	(384)	(665)	(510)	(609)	(994)	(508)
Consolidated net income	4,438)	3,966)	2,316)	3,683)	3,803)	3,335)	2,213)	2,850)	2,401)	3,185)	1,986)	3,083)	2,521)	3,113)	2,056)	2,822)	1,900)	2,793)	2,450)	2,475)	2,624)	2,255)
Net (income) loss attributable to noncontrolling interests	(13)	(42)	(45)	13)	7)	(5)	(18)	(2)	10)	(8)	(13)	4)	26)	(6)	(25)	3)	5)	(12)	(36)	(4)	17)	(10)
Net income attributable to shareowners of The Coca-Cola Company	4,425)	3,924)	2,271)	3,696)	3,810)	3,330)	2,195)	2,848)	2,411)	3,177)	1,973)	3,087)	2,547)	3,107)	2,031)	2,825)	1,905)	2,781)	2,414)	2,471)	2,641)	2,245)

Net operating revenues exhibit a consistent long-term upward trajectory, increasing from 9,020 million USD in April 2021 to 13,380 million USD by July 2026. While quarterly fluctuations are present, there is a visible pattern of growth with periodic seasonal peaks. Gross profit has followed a similar growth curve, rising from 5,515 million USD to 8,415 million USD over the same period, indicating a successful expansion of the top line and an improvement in the gross margin profile.

Operating Expense Trends: Selling, general and administrative expenses have generally scaled upward alongside revenue, ranging from 2,669 million USD to a peak of 4,199 million USD in December 2025. However, the cost of goods sold has remained relatively stable in the 4,000 to 5,000 million USD range despite significant revenue growth, suggesting enhanced production efficiency or pricing power.
Operating Income Volatility: Operating income shows significant volatility primarily driven by "Other operating charges," which exhibit sporadic spikes, most notably in June 2023 (1,338 million USD), March 2024 (1,573 million USD), and December 2025 (1,059 million USD). Despite these non-recurring charges, the underlying operating income trend is positive, reaching 4,672 million USD by July 2026.
Non-Operating Financials: Interest income has demonstrated a steady increase from 66 million USD in early 2021 to approximately 200 million USD in 2026. Interest expenses have remained comparatively stable, fluctuating mostly between 300 million USD and 450 million USD, indicating a controlled debt service environment.
Net Profitability: Consolidated net income attributable to shareowners has grown from 2,245 million USD in April 2021 to 4,425 million USD in July 2026. This represents a substantial increase in bottom-line profitability, supported by both revenue growth and the effective management of core operating costs.

The financial data indicates a strengthening fiscal position characterized by expanding margins and robust net income growth. While periodic operating charges have introduced volatility into the operating income figures, the overall trend reflects an increase in both operational efficiency and total profitability through the analyzed period.

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Coca-Cola Co. (NYSE:KO)

Income StatementQuarterly Data

Income Statement
Quarterly Data