Coca Cola Co (KO) stock
KONYSEBeveragesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Oct 2, 2026Last filing: 10-Q on Oct 28, 2026Score 21/3029% above fair value
$97.44−0.13 (-0.13%)
Close on Nov 12, 2026Market cap $419.18BP/E 28.7Yield 2.09%
Coca Cola operating margin
Operating margin is operating income as a percentage of revenue.
Coca Cola's operating margin for the twelve months ending Oct 2, 2026 was 30.0%. For fiscal 2025 it was 28.7%, against 21.2% the year before. The highest annual figure on record is 28.7% in fiscal 2025.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 28.7% | +7.5 |
| FY2024 | Dec 31, 2024 | 21.2% | −3.5 |
| FY2023 | Dec 31, 2023 | 24.7% | −0.6 |
| FY2022 | Dec 31, 2022 | 25.4% | −1.3 |
| FY2021 | Dec 31, 2021 | 26.7% | −0.6 |
| FY2020 | Dec 31, 2020 | 27.3% | +0.2 |
| FY2019 | Dec 31, 2019 | 27.1% | +0.4 |
| FY2018 | Dec 31, 2018 | 26.7% | +5.3 |
| FY2017 | Dec 31, 2017 | 21.4% | +0.7 |
| FY2016 | Dec 31, 2016 | 20.7% | +1.0 |
| FY2015 | Dec 31, 2015 | 19.7% | −1.4 |
| FY2014 | Dec 31, 2014 | 21.1% | −0.7 |
| FY2013 | Dec 31, 2013 | 21.8% | −0.6 |
| FY2012 | Dec 31, 2012 | 22.4% | +0.6 |
| FY2011 | Dec 31, 2011 | 21.9% | −2.1 |
| FY2010 | Dec 31, 2010 | 24.0% | −2.6 |
| FY2009 | Dec 31, 2009 | 26.6% | +0.1 |
| FY2008 | Dec 31, 2008 | 26.4% | +1.3 |
| FY2007 | Dec 31, 2007 | 25.1% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Oct 2, 2026 | 33.4% | +1.4 |
| Q2 FY2026 | Jul 3, 2026 | 34.9% | +0.8 |
| Q1 FY2026 | Apr 3, 2026 | 35.0% | +2.1 |
| Q4 FY2025 | Dec 31, 2025 | 15.6% | −7.9 |
| Q3 FY2025 | Sep 26, 2025 | 32.0% | +10.8 |
| Q2 FY2025 | Jun 27, 2025 | 34.1% | +12.9 |
| Q1 FY2025 | Mar 28, 2025 | 32.9% | +13.9 |
| Q4 FY2024 | Dec 31, 2024 | 23.5% | +2.5 |
| Q3 FY2024 | Sep 27, 2024 | 21.2% | −6.2 |
| Q2 FY2024 | Jun 28, 2024 | 21.3% | +1.2 |
| Q1 FY2024 | Mar 29, 2024 | 18.9% | −11.7 |
| Q4 FY2023 | Dec 31, 2023 | 21.0% | +0.5 |
| Q3 FY2023 | Sep 29, 2023 | 27.4% | −0.6 |
| Q2 FY2023 | Jun 30, 2023 | 20.1% | −0.6 |
| Q1 FY2023 | Mar 31, 2023 | 30.7% | −1.8 |
| Q4 FY2022 | Dec 31, 2022 | 20.5% | +2.8 |
| Q3 FY2022 | Sep 30, 2022 | 27.9% | −0.9 |
| Q2 FY2022 | Jul 1, 2022 | 20.7% | −9.1 |
| Q1 FY2022 | Apr 1, 2022 | 32.5% | +2.3 |
| Q4 FY2021 | Dec 31, 2021 | 17.7% | −9.5 |
| Q3 FY2021 | Oct 1, 2021 | 28.9% | +2.3 |
| Q2 FY2021 | Jul 2, 2021 | 29.8% | +2.1 |
| Q1 FY2021 | Apr 2, 2021 | 30.2% | +2.5 |
| Q4 FY2020 | Dec 31, 2020 | 27.2% | +3.3 |
| Q3 FY2020 | Sep 25, 2020 | 26.6% | +0.3 |
| Q2 FY2020 | Jun 26, 2020 | 27.7% | −2.2 |
| Q1 FY2020 | Mar 27, 2020 | 27.7% | −0.3 |
| Q4 FY2019 | Dec 31, 2019 | 23.9% | +0.5 |
| Q3 FY2019 | Sep 27, 2019 | 26.3% | −3.5 |
| Q2 FY2019 | Jun 28, 2019 | 29.9% | +0.5 |
| Q1 FY2019 | Mar 29, 2019 | 28.0% | +4.3 |
| Q4 FY2018 | Dec 31, 2018 | 23.4% | +5.2 |
| Q3 FY2018 | Sep 28, 2018 | 29.8% | +5.1 |
| Q2 FY2018 | Jun 29, 2018 | 29.4% | +8.4 |
| Q1 FY2018 | Mar 30, 2018 | 23.7% | +2.2 |
| Q4 FY2017 | Dec 31, 2017 | 18.2% | +3.4 |
| Q3 FY2017 | Sep 29, 2017 | 24.7% | – |
| Q2 FY2017 | Jun 30, 2017 | 21.0% | – |
| Q1 FY2017 | Mar 31, 2017 | 21.5% | – |
| Q4 FY2016 | Dec 31, 2016 | 14.7% | – |
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