CCC3 Income Statement - Coca-Cola Co

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Price: 86.12 EUR 0.53%

Market Cap: €371B

Financial profile · Q3 FY2026

A capital-light cash generator with substantial margins and episodic payment-driven volatility

Coca-Cola's growing revenue base supports substantial operating margins, while capital spending consistently absorbs only a small share of sales. This leaves considerable cash after reinvestment, although exceptional tax and acquisition-related payments have made reported cash conversion less stable than earnings.

What is developing

The latest results sustained the cash-conversion recovery already visible earlier in 2026, rather than establishing a fresh inflection. Internally generated cash again covered dividends after reinvestment, although working-capital initiatives and capital-spending timing contributed to that capacity.

What matters next

Whether free cash flow continues to cover dividends as working-capital benefits and capital-spending timing normalize.

Metric	FY2016 Dec 2016	FY2017 Dec 2017	FY2018 Dec 2018	FY2019 Dec 2019	FY2020 Dec 2020	FY2021 Dec 2021	FY2022 Dec 2022	FY2023 Dec 2023	FY2024 Dec 2024	FY2025 Dec 2025
Revenue	41.9B	36.2B	34.3B	37.3B	33B	38.7B	43B	45.8B	47.1B	47.9B
Cost of Revenue	(16.5B)	(13.7B)	(13.1B)	(14.6B)	(13.4B)	(15.4B)	(18B)	(18.5B)	(18.3B)	(18.4B)
Gross Profit	25.4B	22.5B	21.2B	22.6B	19.6B	23.3B	25B	27.2B	28.7B	29.5B
Operating Expenses	(15.7B)	(13.1B)	(11B)	(12.2B)	(9.8B)	(12.5B)	(13.9B)	(15.7B)	(17.7B)	(14.6B)
Selling, General & Administrative	(15.4B)	(12.9B)	(11B)	(12.2B)	(9.7B)	(12.1B)	(12.9B)	(14B)	(14.6B)	(14.5B)
Depreciation & Amortization	—	—	—	—	—	—	—	(15m)	—	—
Other Operating Expenses	(350m)	(235m)	(17m)	(57m)	(77m)	(369m)	(997m)	(1.7B)	(3.1B)	(47m)
Operating Income	9.7B	9.4B	10.2B	10.4B	9.8B	10.8B	11.1B	11.5B	11B	15B
Net Interest Income (Expense)	486m	1.3B	(9m)	887m	4m	1.2B	543m	1.3B	1.4B	1.7B
Interest Expense	749m	811m	964m	945m	1.4B	947m	882m	1.5B	1.7B	1.7B
Non-Recurring Items	(2.3B)	(3.9B)	(2.7B)	(1.3B)	(194m)	133m	(185m)	228m	654m	(582m)
Gain/Loss on Disposition of Assets	—	—	—	739m	—	—	—	—	—	—
Total Other Income	272m	126m	733m	3m	166m	261m	201m	(77m)	(31m)	(79m)
Pre-Tax Income	8.1B	6.9B	8.2B	10.8B	9.7B	12.4B	11.7B	13B	13.1B	16B
Tax Provision	(1.6B)	(2B)	(1.7B)	(1.8B)	(2B)	(2.6B)	(2.1B)	(2.2B)	(2.4B)	(2.9B)
Income from Continuing Operations	6.6B	4.9B	6.5B	9B	7.8B	9.8B	9.6B	10.7B	10.6B	13.1B
Income to Minority Interest	(23m)	(35m)	(42m)	(65m)	(21m)	(33m)	(29m)	11m	(18m)	(30m)
Net Income	6.5B	1.2B	6.4B	8.9B	7.7B	9.8B	9.5B	10.7B	10.6B	13.1B
EPS (Diluted)	1.49	0.28	1.50	2.07	1.79	2.25	2.19	2.47	2.46	3.04