Coca-Cola Reports Strong Q3 2026 Results and Raises Full-Year Guidance

Coca-Cola Co ($KO) Q3 2026 Earnings Report Summary

On October 27, 2026, The Coca-Cola Company filed a Form 8-K under Item 2.02 reporting financial results for the third quarter of 2026 and raising its full-year guidance.

Key Financial Highlights

• Net Revenues: Grew 7% year-over-year to $13.4 billion. Organic revenues (non-GAAP) grew 7%, driven by a 7% increase in concentrate sales and 1% growth in price/mix, offset by a 1% acquisition/divestiture impact.
• Unit Case Volume: Grew 5% globally.
• Operating Income & Margin: Operating income increased 12% year-over-year. Comparable currency-neutral operating income rose 8%. Operating margin expanded to 33.4% compared to 32.0% in the prior-year period (Comparable operating margin expanded to 32.9% from 31.9%).
• Diluted Earnings Per Share (EPS): Reported EPS increased 8% to $0.93. Comparable EPS grew 11% to $0.91, both benefiting from a 2-point currency tailwind.
• Cash Flow: Year-to-date cash flow from operations reached $12.5 billion, with free cash flow (non-GAAP) of $11.4 billion.

Regional Segment Performance

• Latin America: Net revenues grew 25% (organic +16%), operating income rose 29% (comparable currency-neutral +14%), with unit case volume up 6%.
• Asia Pacific: Net revenues grew 4% (organic +6%), operating income rose 8% (comparable currency-neutral +14%), and unit case volume grew 6%.
• Europe, Middle East & Africa (EMEA): Net revenues increased 4% (organic +7%), operating income climbed 7% (comparable currency-neutral +7%), and unit case volume increased 5%.
• North America: Net revenues grew 3% (organic +3%), operating income rose 5% (comparable currency-neutral +5%), with flat unit case volume (0%).
• Bottling Investments: Net revenues rose 13% (organic +12%), operating income surged 261% (comparable currency-neutral +252%), and unit case volume rose 8%.