Coca-Cola KO Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue for Reportable Segments by Business | ||||||
| Bottling investments | $5.9B+3.1% | $5.73B-0.6% | $5.76B+0.5% | $5.73B-2.2% | $5.86B-5.7% | |
| EMEA | $11.16B+3.0% | $10.83B+1.0% | $10.72B+2.5% | $10.46B+1.3% | $10.32B+0.4% | |
| Latin America | $6.53B+3.2% | $6.33B+0.8% | $6.28B-1.1% | $6.35B-1.0% | $6.42B-0.8% | |
| North America | $20.11B+2.7% | $19.58B+1.1% | $19.37B+1.1% | $19.15B+0.8% | $19B+0.7% | |
| Net Operating Revenues by Business | ||||||
| Bottling investments | $5.91B+3.1% | $5.74B-0.6% | $5.77B+0.5% | $5.74B-2.2% | $5.87B-5.7% | |
| EMEA | $11.87B+3.1% | $11.51B+1.0% | $11.4B+2.4% | $11.13B+1.3% | $10.98B+0.2% | |
| Latin America | $6.54B+3.2% | $6.33B+0.8% | $6.28B-1.1% | $6.35B-1.0% | $6.42B-0.8% | |
| North America | $20.12B+2.7% | $19.59B+1.1% | $19.37B+1.1% | $19.16B+0.8% | $19B+0.7% | |
| Intersegment Revenue by Business | ||||||
| Bottling investments | $9M0.0% | $9M+12.5% | $8M0.0% | $8M0.0% | $8M0.0% | |
| EMEA | $709M+4.3% | $680M+0.3% | $678M+0.9% | $672M+2.0% | $659M-3.1% | |
| Operating Income (Loss) by Business | ||||||
| Bottling investments | $498M+16.9% | $426M-1.8% | $434M+3.3% | $420M-8.5% | $459M-7.5% | |
| Latin America Segment | $3.88B+3.6% | $3.74B-0.1% | $3.75B-1.1% | $3.79B+1.0% | $3.75B-1.1% | |
| North America Segment | $5.34B+5.2% | $5.07B-13.6% | $5.87B+4.0% | $5.65B+4.5% | $5.4B+18.5% | |
| Selling, general and administrative expenses by Business | ||||||
| Bottling investments | $1.37B+0.3% | $1.36B-2.3% | $1.39B-0.7% | $1.4B-0.8% | $1.41B-4.2% | |
| EMEA | $4.07B+3.9% | $3.92B+4.6% | $3.75B+2.4% | $3.66B+0.7% | $3.63B+0.4% | |
| Latin America | $1.51B+4.7% | $1.44B+5.0% | $1.37B+2.3% | $1.34B-5.5% | $1.42B-2.5% | |
| North America | $4.16B+0.9% | $4.12B+1.9% | $4.04B+0.2% | $4.03B+0.5% | $4.01B+1.4% | |
| Cost of goods sold by Business | ||||||
| Bottling investments | $4.05B+2.6% | $3.95B+0.1% | $3.94B+0.7% | $3.92B-2.0% | $4B-6.0% | |
| EMEA | $3.3B+0.3% | $3.29B+0.7% | $3.27B+2.6% | $3.19B+2.5% | $3.11B+0.8% | |
| Latin America | $1.11B0.0% | $1.11B+1.1% | $1.1B+2.5% | $1.07B-4.8% | $1.12B+2.3% | |
| North America | $9.66B+2.4% | $9.44B-0.3% | $9.46B-0.2% | $9.48B-1.1% | $9.59B0.0% | |
| Other operating charges by Business | ||||||
| Bottling investments | $0— | $0— | $0— | $0— | $0— | |
| EMEA | $0— | $0— | $0— | $0— | $0— | |
| Latin America | $44M0.0% | $44M-37.1% | $70M-55.4% | $157M+24.6% | $126M0.0% | |
| North America | $964M+0.4% | $960M— | $0— | $0— | $0-100% | |
| CapEx by Business | ||||||
| Bottling Investments | $516M-5.7% | $547M-6.5% | $585M-7.1% | $630M-4.8% | $662M-9.8% | |
| Europe, Middle East & Africa | $249M+5.1% | $237M+6.8% | $222M+5.7% | $210M-6.7% | $225M+1.4% | |
| Latin America | $2M0.0% | $2M+100% | $1M0.0% | $1M0.0% | $1M0.0% | |
| North America | $637M-4.8% | $669M-2.5% | $686M+4.9% | $654M+6.2% | $616M+2.3% | |
| D&A by Business | ||||||
| Bottling investments | $320M+2.2% | $313M+2.3% | $306M+1.3% | $302M-0.7% | $304M-4.7% | |
| EMEA | $177M+2.3% | $173M-5.5% | $183M-3.7% | $190M+5.6% | $180M-0.6% | |
| Latin America | $33M+3.1% | $32M+6.7% | $30M0.0% | $30M+3.4% | $29M0.0% | |
| North America | $344M+5.5% | $326M-2.1% | $333M+1.5% | $328M-0.3% | $329M+1.2% | |
| Intersegment by Business | ||||||
| Latin America Segment | $3M0.0% | $3M+200% | $1M— | $0— | $0— | |
| North America Segment | $7M0.0% | $7M-22.2% | $9M+50.0% | $6M-33.3% | $9M0.0% | |
| Net Operating Revenues by Product | ||||||
| Concentrate operations | $28.66B+2.8% | $27.87B-5.8% | $29.6B+4.0% | $28.46B+2.9% | $27.66B-0.2% | |
| Finished product operations | $20.62B+2.8% | $20.07B+11.1% | $18.06B-2.9% | $18.6B-3.2% | $19.23B-0.6% | |
| Net Operating Revenues by Geography | ||||||
| Non-US | $29.67B+3.0% | $28.81B+0.2% | $28.76B+1.4% | $28.37B-0.1% | $28.39B-1.1% | |
| UNITED STATES | $19.62B+2.6% | $19.13B+1.2% | $18.91B+1.2% | $18.69B+1.1% | $18.5B+0.7% |
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.
