$KO · The Coca-Cola Company

The Coca-Cola Company reported its third quarter 2026 results on October 27, 2026, and raised its full year guidance. Global unit case volume grew 5 percent, and net revenues grew 7 percent to $13.4 billion. Organic revenues also grew 7 percent, driven by a 7 percent increase in concentrate sales and 1 percent growth in price/mix. Operating income grew 12 percent, while comparable currency neutral operating income grew 8 percent. Earnings per share grew 8 percent to $0.93, and comparable earnings per share grew 11 percent to $0.91. Volume growth was led by India, China, Mexico and Brazil. Sparkling soft drinks grew 5 percent, with Coca-Cola Zero Sugar up 16 percent and Diet Coke/Coca-Cola Light up 6 percent. Water, sports, coffee and tea grew 5 percent, while juice, value-added dairy and plant-based beverages was flat.

Operating margin improved to 33.4 percent from 32.0 percent in the prior year, and comparable operating margin rose to 32.9 percent from 31.9 percent. The company gained value share in total nonalcoholic ready-to-drink beverages. Year-to-date cash flow from operations was $12.5 billion and free cash flow was $11.4 billion. The filing also highlighted brand anniversary celebrations in the United States, Mexico and Nigeria, as well as music festival activations across Europe, which contributed to quarterly volume growth.