Coca-Cola KO Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue for Reportable Segments by Business | ||||||
| Bottling investments | $1.64B+8.3% | $1.51B+12.5% | $1.34B-4.6% | $1.41B-3.6% | $1.46B-5.7% | |
| EMEA | $2.81B+11.1% | $2.53B-10.4% | $2.82B-6.3% | $3.01B+21.2% | $2.48B+2.7% | |
| Latin America | $1.68B-1.0% | $1.7B+7.8% | $1.57B-0.9% | $1.59B+7.4% | $1.48B-10.3% | |
| North America | $4.89B-1.1% | $4.94B-5.8% | $5.25B+4.4% | $5.03B+15.3% | $4.36B-7.8% | |
| Net Operating Revenues by Business | ||||||
| Bottling investments | $1.64B+8.3% | $1.52B+12.6% | $1.35B-4.6% | $1.41B-3.6% | $1.46B-5.7% | |
| EMEA | $3.01B+12.2% | $2.68B-10.4% | $3B-5.7% | $3.18B+19.5% | $2.66B+3.3% | |
| Latin America | $1.68B-1.1% | $1.7B+7.9% | $1.57B-0.9% | $1.59B+7.4% | $1.48B-10.3% | |
| North America | $4.89B-1.0% | $4.94B-5.9% | $5.25B+4.5% | $5.03B+15.3% | $4.36B-7.8% | |
| Intersegment Revenue by Business | ||||||
| Bottling investments | $2M-33.3% | $3M+50.0% | $2M0.0% | $2M0.0% | $2M0.0% | |
| EMEA | $205M+29.7% | $158M-11.2% | $178M+6.0% | $168M-4.5% | $176M+12.8% | |
| Operating Income (Loss) by Business | ||||||
| Bottling investments | $191M0.0% | $191M+235% | $57M-3.4% | $59M-50.4% | $119M-40.2% | |
| Latin America Segment | $1.04B+5.5% | $984M+9.7% | $897M-6.3% | $957M+5.9% | $904M-8.6% | |
| North America Segment | $1.61B+276% | $427M-74.6% | $1.68B+3.7% | $1.62B+20.9% | $1.34B+9.3% | |
| Selling, general and administrative expenses by Business | ||||||
| Bottling investments | $338M-5.8% | $359M+7.5% | $334M0.0% | $334M0.0% | $334M-14.6% | |
| EMEA | $984M-10.5% | $1.1B+6.6% | $1.03B+7.9% | $956M+14.8% | $833M-10.0% | |
| Latin America | $366M-10.5% | $409M+3.5% | $395M+17.6% | $336M+12.4% | $299M-12.1% | |
| North America | $951M-17.4% | $1.15B+9.8% | $1.05B+4.6% | $1B+9.7% | $914M-15.0% | |
| Cost of goods sold by Business | ||||||
| Bottling investments | $1.11B+15.1% | $965M+1.0% | $955M-6.2% | $1.02B+0.8% | $1.01B+5.1% | |
| EMEA | $769M-0.5% | $773M-10.8% | $867M-3.1% | $895M+17.9% | $759M+1.2% | |
| Latin America | $274M-5.8% | $291M+3.6% | $281M+6.8% | $263M-4.0% | $274M-1.8% | |
| North America | $2.33B-3.0% | $2.4B-4.7% | $2.52B+4.9% | $2.41B+14.2% | $2.11B-13.3% | |
| Other operating charges by Business | ||||||
| Bottling investments | $0— | $0— | $0— | $0— | $0— | |
| EMEA | $0— | $0— | $0— | $0— | $0— | |
| Latin America | $0-100% | $13M— | $0-100% | $31M— | $0-100% | |
| North America | $4M-99.6% | $960M— | $0— | $0— | $0— | |
| CapEx by Business | ||||||
| Bottling Investments | $74M-66.1% | $218M+108% | $105M-11.8% | $119M+13.3% | $105M-59.0% | |
| Europe, Middle East & Africa | $53M-34.6% | $81M+22.7% | $66M+34.7% | $49M+19.5% | $41M-37.9% | |
| Latin America | $0-100% | $1M— | $0-100% | $1M— | $0— | |
| North America | $83M-62.9% | $224M+27.3% | $176M+14.3% | $154M+33.9% | $115M-52.3% | |
| D&A by Business | ||||||
| Bottling investments | $83M0.0% | $83M+6.4% | $78M+2.6% | $76M0.0% | $76M0.0% | |
| EMEA | $48M+41.2% | $34M-15.0% | $40M-27.3% | $55M+25.0% | $44M0.0% | |
| Latin America | $8M-11.1% | $9M+12.5% | $8M0.0% | $8M+14.3% | $7M0.0% | |
| North America | $99M+22.2% | $81M-2.4% | $83M+2.5% | $81M0.0% | $81M-8.0% | |
| Intersegment by Business | ||||||
| Latin America Segment | $0-100% | $2M+100% | $1M— | $0— | $0— | |
| North America Segment | $2M— | $0-100% | $4M+300% | $1M-50.0% | $2M0.0% | |
| Net Operating Revenues by Product | ||||||
| Concentrate operations | $7.39B+54.1% | $4.79B-41.5% | $8.2B-1.1% | $8.29B+25.7% | $6.59B+1.2% | |
| Finished product operations | $5.09B-27.6% | $7.03B+65.1% | $4.26B+0.3% | $4.25B-6.4% | $4.54B-9.8% | |
| Net Operating Revenues by Geography | ||||||
| Non-US | $7.73B+10.4% | $7B-4.6% | $7.34B-3.5% | $7.6B+10.5% | $6.88B-1.0% | |
| UNITED STATES | $4.75B-1.6% | $4.82B-5.8% | $5.12B+3.7% | $4.94B+16.0% | $4.25B-7.6% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Coca-Cola break its business down?
- Coca-Cola (KO) reports revenue for reportable segments by business across 4 parts — Bottling investments, EMEA, Latin America and North America. Each is extracted from the segment footnotes and tracked over time.
- Where does Coca-Cola's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Coca-Cola's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
