Income StatementBalance SheetCash FlowSegments
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Coca-Cola Business Segments

Business, geographic, and product segment breakdowns

Coca-Cola generates $49.3B in annual revenue across 2 key segments: Bottling investments ($9.0M), and EMEA ($709.0M). The company-wide operating margin is 29.34%. Based on the Q1 2026 filing.

Bottling investments (TTM)$9.0MEMEA (TTM)$709.0M
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$350.57B
P/E Ratio25.59
ROE45.8%

Products & Services

Net Operating Revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Concentrate operations$6.5B$6.6B$8.3B$8.2B$4.8B$7.4B
Finished product operations$5.0B$4.5B$4.2B$4.3B$7.0B$5.1B

Geographic

Property, Plant and Equipment, Net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
International$5.9B———$4.8B—
United States$4.4B———$4.8B—

Net Operating Revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Non-US$6.9B$6.9B$7.6B$7.3B$7.0B$7.7B
UNITED STATES$4.6B$4.3B$4.9B$5.1B$4.8B$4.7B

Business Segments

Asset Impairment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
A.Pacific—$10.3M$10.3M$10.3M$10.3M—

Divestitures

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
A.Pacific$0.0$0.0$0.0$0.0$0.0—
Bottling Investments-$250.0K-$840.3M-$840.3M-$840.3M-$840.3M—
EMEA$0.0-$2.0M-$2.0M-$2.0M-$2.0M—
Latin America$0.0$0.0$0.0$0.0$0.0—
North America$0.0$0.0$0.0$0.0$0.0—

Effect of foreign currency translation

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
A.Pacific-$2.5M$500.0K$500.0K$500.0K$500.0K—
Bottling Investments-$21.0M$99.0M$99.0M$99.0M$99.0M—
EMEA-$26.8M$77.8M$77.8M$77.8M$77.8M—
Latin America-$2.8M$3.0M$3.0M$3.0M$3.0M—
North America$0.0$0.0$0.0$0.0$0.0—

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
A.Pacific$407.0M———$409.0M—
Bottling Investments$3.0B———$34.0M—
EMEA$3.5B———$3.8B—
Latin America$215.0M———$227.0M—
North America$11.0B———$11.0B—

CapEx

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America$241.0M$115.0M$154.0M$176.0M$224.0M$83.0M
Bottling Investments$256.0M$105.0M$119.0M$105.0M$218.0M$74.0M
Europe, Middle East & Africa$66.0M$41.0M$49.0M$66.0M$81.0M$53.0M
Latin America$0.0$0.0$1.0M$0.0$1.0M$0.0

Cost of goods sold

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America$2.4B$2.1B$2.4B$2.5B$2.4B$2.3B
Bottling investments$961.0M$1.0B$1.0B$955.0M$965.0M$1.1B
EMEA$750.0M$759.0M$895.0M$867.0M$773.0M$769.0M
Latin America$279.0M$274.0M$263.0M$281.0M$291.0M$274.0M

D&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America$88.0M$81.0M$81.0M$83.0M$81.0M$99.0M
Bottling investments$76.0M$76.0M$76.0M$78.0M$83.0M$83.0M
EMEA$44.0M$44.0M$55.0M$40.0M$34.0M$48.0M
Latin America$7.0M$7.0M$8.0M$8.0M$9.0M$8.0M

Intersegment Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
EMEA$156.0M$176.0M$168.0M$178.0M$158.0M$205.0M
Bottling investments$2.0M$2.0M$2.0M$2.0M$3.0M$2.0M

Net Operating Revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America$4.7B$4.4B$5.0B$5.3B$4.9B$4.9B
EMEA$2.6B$2.7B$3.2B$3.0B$2.7B$3.0B
Latin America$1.6B$1.5B$1.6B$1.6B$1.7B$1.7B
Bottling investments$1.6B$1.5B$1.4B$1.3B$1.5B$1.6B

Operating Income (Loss)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America Segment$1.2B$1.3B$1.6B$1.7B$427.0M$1.6B
Latin America Segment$989.0M$904.0M$957.0M$897.0M$984.0M$1.0B
Bottling investments$199.0M$119.0M$59.0M$57.0M$191.0M$191.0M

Other operating charges

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America$0.0$0.0$0.0$0.0$960.0M$4.0M
Bottling investments$0.0$0.0$0.0$0.0$0.0$0.0
EMEA$0.0$0.0$0.0$0.0$0.0$0.0
Latin America$39.0M$0.0$31.0M$0.0$13.0M$0.0

Revenue for Reportable Segments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America$4.7B$4.4B$5.0B$5.2B$4.9B$4.9B
EMEA$2.4B$2.5B$3.0B$2.8B$2.5B$2.8B
Latin America$1.6B$1.5B$1.6B$1.6B$1.7B$1.7B
Bottling investments$1.5B$1.5B$1.4B$1.3B$1.5B$1.6B

Selling, general and administrative expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
EMEA$926.0M$833.0M$956.0M$1.0B$1.1B$984.0M
North America$1.1B$914.0M$1.0B$1.0B$1.2B$951.0M
Latin America$340.0M$299.0M$336.0M$395.0M$409.0M$366.0M
Bottling investments$391.0M$334.0M$334.0M$334.0M$359.0M$338.0M

Line of Credit Facility, Remaining Borrowing Capacity

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate$4.6B———$6.2B—

Operating income (loss)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Europe, Middle East & Africa$895.0M$1.1B$1.3B$1.1B$811.0M$1.3B

Intersegment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America Segment$2.0M$2.0M$1.0M$4.0M$0.0$2.0M
Latin America Segment$0.0$0.0$0.0$1.0M$2.0M$0.0