What is Coca-Cola's operating income?

Coca-Cola (KO) reported operating income of $4.36B in Q1 2026.

How has Coca-Cola's operating income changed year-over-year?

Coca-Cola's operating income increased by 19.1% year-over-year, from $3.66B to $4.36B.

What is the long-term trend for Coca-Cola's operating income?

Over 4 years (2021 to 2025), Coca-Cola's operating income has grown at a 7.5% compound annual growth rate (CAGR), from $10.31B to $13.76B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Coca-Cola KO Operating Income

Operating Income at other companies

National BeverageFIZZ

$51.15M+1.1%

PepsiCoPEP

$3.21B+24.4%

Boston BeerSAM

-$190.46M-664%

Keurig Dr PepperKDP

$756M-5.6%

The Vita Coco Company, Inc.COCO

$33.58M+74.1%

Primo BrandsPRMB

$138M-9.9%

Segments

By segment

See full

North America Segment$1.61B+19.8%

Europe, Middle East & Africa$1.26B+18.2%

Latin America Segment$1.04B+14.8%

Bottling investments$191M+60.5%

Other financials

Income statement

See full

Revenue$12.5B+12.1%

Gross profit$7.9B+12.7%

Net income$3.9B+17.8%

EPS (diluted)$0.91+18.2%

Balance sheet

See full

Cash & equivalents$11.0B+24.7%

Total debt$43.6B-10.6%

Total equity$33.6B+28.4%

Total assets$104.22B+2.5%

Cash flow

See full

Operating cash flow$2.0B+139%

CapEx$266.0M-13.9%

Free cash flow$1.8B+132%

Valuation

See full

Market cap$355.51B+17.6%

Enterprise value$388.08B+13.8%

P/E26×+1.1×

P/S7.2×+0.8×

Profitability

See full

Gross margin61.7%+0.7pp

Operating margin29.3%+4.8pp

Net margin27.8%+4.8pp

FCF margin25.5%—

Returns & leverage

See full

Return on equity45.8%+4.8pp

Debt / equity1.3×-0.6×

Current ratio1.4×+0.3×

Where this comes from

Reported directly by Coca-Cola in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: Coca-Cola’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Coca-Cola's operating income?: Coca-Cola (KO) reported operating income of $4.36B in Q1 2026.
How has Coca-Cola's operating income changed year-over-year?: Coca-Cola's operating income increased by 19.1% year-over-year, from $3.66B to $4.36B.
What is the long-term trend for Coca-Cola's operating income?: Over 4 years (2021 to 2025), Coca-Cola's operating income has grown at a 7.5% compound annual growth rate (CAGR), from $10.31B to $13.76B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.