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:	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	Dec 31, 2020	Sep 25, 2020	Jun 26, 2020	Mar 27, 2020
Net operating revenues	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)	8,611)	8,652)	7,150)	8,601)
Cost of goods sold	(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)	(3,578)	(3,471)	(3,013)	(3,371)
Gross profit	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)	5,033)	5,181)	4,137)	5,230)
Selling, general and administrative expenses	(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)	(2,589)	(2,511)	(1,983)	(2,648)
Other operating charges	(71)	(73)	(176)	(1,044)	(1,370)	(1,573)	(143)	(359)	(1,338)	(111)	(106)	(130)	(951)	(28)	(368)	(45)	(309)	(124)	(106)	(372)	(173)	(202)
Operating income	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)	2,338)	2,298)	1,981)	2,380)
Interest income	188)	180)	204)	263)	275)	246)	267)	248)	224)	168)	143)	128)	100)	78)	71)	68)	71)	66)	76)	82)	100)	112)
Interest expense	(445)	(387)	(431)	(425)	(418)	(382)	(413)	(368)	(374)	(372)	(304)	(198)	(198)	(182)	(165)	(210)	(780)	(442)	(310)	(660)	(274)	(193)
Equity income, net	561)	351)	338)	541)	537)	354)	361)	517)	538)	275)	339)	479)	392)	262)	302)	455)	402)	279)	204)	431)	176)	167)
Other income (loss), net	212)	254)	(14)	491)	2)	1,513)	(6)	(130)	91)	615)	247)	(53)	(351)	(105)	1,080)	(127)	909)	138)	53)	30)	214)	544)
Income before income taxes	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)	2,361)	2,181)	2,197)	3,010)
Income taxes	(993)	(722)	(593)	(530)	(627)	(687)	(496)	(454)	(359)	(940)	(444)	(622)	(384)	(665)	(510)	(609)	(994)	(508)	(887)	(441)	(438)	(215)
Consolidated net income	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)	1,474)	1,740)	1,759)	2,795)
Net (income) loss attributable to noncontrolling interests	7)	(5)	(18)	(2)	10)	(8)	(13)	4)	26)	(6)	(25)	3)	5)	(12)	(36)	(4)	17)	(10)	(18)	(3)	20)	(20)
Net income attributable to shareowners of The Coca-Cola Company	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)	1,456)	1,737)	1,779)	2,775)

Net Operating Revenues: The net operating revenues exhibit a fluctuating but generally upward trend over the reported periods. After an initial decline from March 2020 to June 2020, revenues rebounded significantly by mid-2021, showing strong seasonal and cyclical variations. The figures peaked around mid-2024 and demonstrated an upward momentum towards the end of the dataset, reaching the highest recorded value in June 2025.
Cost of Goods Sold (COGS): COGS follow a pattern consistent with the fluctuations in revenues, increasing overall but with noticeable volatility. Periods of increased cost, particularly in mid to late 2021 and again in late 2022 and early 2024, suggest cost pressures or higher input prices. The cost values show a repeated spike followed by partial retrenchment, reflecting dynamic changes in production or supply chain expenses.
Gross Profit: Gross profit mirrors the revenue trend closely but with greater volatility, indicative of variable profit margins. There is an evident peak in gross profit around mid-2022 and another notable high towards the end of 2024, though the pattern also includes successive dips, particularly in late 2021 and early 2023. These variations suggest changing efficiencies, pricing strategies, or cost management effectiveness.
Selling, General and Administrative Expenses (SG&A): SG&A expenses have generally risen over time, with some fluctuations. There is a steady increase noted after 2020, peaking towards the final periods of 2024 and early 2025. The upward trend in SG&A suggests increased investment in marketing, distribution, or administrative functions, which may have impacted net profitability but could also drive future growth.
Other Operating Charges: Other operating charges present significant volatility with some exceptionally high outliers, particularly around mid-2022 and early to mid-2023. These irregular spikes may be related to non-recurring expenses or restructuring costs, showing that the operating environment has experienced episodic challenges impacting operational efficiency.
Operating Income: Operating income demonstrates a mixed pattern with some periods of strong gains, notably in early and mid-2022, followed by declines in late 2023 and early 2024. There is a sharp increase towards mid-2025, reflecting improved operating performance in more recent quarters. This variability is consistent with the fluctuations in both revenues and expenses, especially SG&A and other operating charges.
Interest Income and Expense: Interest income shows a gradual increase over time, indicative of growing cash or investment balances. In contrast, interest expense remains volatile with irregular spikes, particularly in 2020 and 2021, before stabilizing somewhat towards the later periods. The net effect indicates some variability in financing costs and interest-bearing liabilities.
Equity Income, Net: Equity income exhibits an overall increasing trend with notable peaks in late 2021 and mid-2023. This suggests strengthening performance or valuation of equity investments, contributing positively to overall profitability.
Other Income (Loss), Net: Other income/loss is markedly volatile, with intermittent significant gains and losses over the periods. The presence of large positive spikes in late 2021 and mid-2024 indicates occasional one-time gains or exceptional items affecting total income before taxes.
Income Before Taxes: The pre-tax income figures generally mirror the operating income trends but include the effects of non-operating items. Peaks in early 2022 and mid-2025 highlight periods of strong overall profitability, while dips in late 2023 suggest transient pressures. The trend shows resilience with recovery following downturns.
Income Taxes: Reported income taxes fluctuate, largely following changes in pre-tax income but with some irregular timing. Tax expenses spiked in certain quarters (e.g., late 2020) and declined in others, reflecting both profitability swings and potential tax planning or regulatory impacts.
Consolidated Net Income: Consolidated net income, reflecting bottom-line profitability inclusive of all adjustments, shows considerable variability. After a drop in early 2020, results recovered with peaks in mid-2023 and mid-2025. The general trend indicates strengthening net profitability despite volatility, supported by operating improvements and other income variations.
Net Income Attributable to Shareowners: This measure closely tracks consolidated net income and confirms an overall positive earnings trajectory. Recurring quarter-over-quarter improvements post-2020 suggest enhanced shareholder value, with especially strong results in the most recent periods.

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Coca-Cola Co. (NYSE:KO)

Income Statement Quarterly Data

Income Statement
Quarterly Data