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Coca-Cola KO Bottling investments — Net Operating Revenues

Other segment segments

North America
$5.41B+7.5%
EMEA
$3.24B+2.0%
Latin America
$1.84B+15.9%

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Other financials

Income statement

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Revenue$13.4B+6.7%
Gross profit$8.4B+7.6%
Operating income$4.7B+9.2%
Net income$4.4B+16.1%
EPS (diluted)$1.03+17.0%

Balance sheet

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Cash & equivalents$13.2B+29.4%
Total debt$50.0B+1.8%
Total equity$36.2B+26.5%
Total assets$107.92B+3.4%

Cash flow

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Operating cash flow$5.5B+44.9%
CapEx$418.0M-5.4%
Free cash flow$5.1B+51.5%

Valuation

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Market cap$373.59B+24.9%
Enterprise value$410.37B+21.4%
P/E26.1×+1.5×
P/S7.5×+1.1×

Profitability

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Gross margin61.9%+0.5pp
Operating margin29.6%+1.7pp
Net margin28.6%+2.7pp
FCF margin28.5%

Returns & leverage

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Return on equity44.2%-0.5pp
Debt / equity1.4×-0.3×
Current ratio1.3×+0.1×

Where this comes from

Reported directly by Coca-Cola in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The source filing: Coca-Cola’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 2:04 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050503
Three Months Ended July 3, 2026EMEALatin AmericaNorth AmericaAsia PacificBottling InvestmentsOperating Segments TotalCorporateEliminationsConsolidated
Net operating revenues:
Third party$3,087$1,839$5,405$1,487$1,525$13,343$37$13,380
Intersegment1533942252(252)
Total net operating revenues3,2401,8395,4081,5811,52713,59537(252)13,380
Cost of goods sold8082752,6594701,0675,279(62)(252)4,965
Selling, general and administrative expenses1,1233871,0484553693,3823383,720
Other operating charges661723
Operating income (loss)$1,309$1,177$1,695$656$91$4,928$(256)$4,672

Item 1. Financial Statements

FAQ

What is Coca-Cola's bottling investments — net operating revenues?
Coca-Cola (KO) reported bottling investments — net operating revenues of $1.53B in Q2 2026.
How has Coca-Cola's bottling investments — net operating revenues changed year-over-year?
Coca-Cola's bottling investments — net operating revenues increased by 8.2% year-over-year, from $1.41B to $1.53B.
What is the long-term trend for Coca-Cola's bottling investments — net operating revenues?
Over 4 years (2021 to 2025), Coca-Cola's bottling investments — net operating revenues has grown at a -5.5% compound annual growth rate (CAGR), from $7.2B to $5.74B.
What does bottling investments — net operating revenues mean?
The total revenue earned by the bottling segment after accounting for returns, allowances, and discounts. This is the primary measure of the segment's realized market demand and pricing power.

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