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+12.1% | $1.51B-2.4% | $1.34B+2.3% | $1.41B-8.3% | $1.46B-19.5% | |
| EMEA | $2.81B+13.1% | $2.53B+4.6% | $2.82B+10.3% | $3.01B+4.7% | $2.48B+1.9% | |
| Latin America | $1.68B+13.6% | $1.7B+2.9% | $1.57B-4.3% | $1.59B-3.9% | $1.48B-3.5% | |
| North America | $4.89B+12.2% | $4.94B+4.5% | $5.25B+4.2% | $5.03B+3.2% | $4.36B+3.2% | |
| Net Operating Revenues by Business | ||||||
| Bottling investments | $1.64B+12.1% | $1.52B-2.3% | $1.35B+2.3% | $1.41B-8.3% | $1.46B-19.5% | |
| EMEA | $3.01B+13.4% | $2.68B+4.4% | $3B+9.9% | $3.18B+4.9% | $2.66B+0.9% | |
| Latin America | $1.68B+13.6% | $1.7B+3.0% | $1.57B-4.2% | $1.59B-3.9% | $1.48B-3.5% | |
| North America | $4.89B+12.2% | $4.94B+4.5% | $5.25B+4.3% | $5.03B+3.2% | $4.36B+3.2% | |
| Intersegment Revenue by Business | ||||||
| Bottling investments | $2M0.0% | $3M+50.0% | $2M0.0% | $2M0.0% | $2M0.0% | |
| EMEA | $205M+16.5% | $158M+1.3% | $178M+3.5% | $168M+8.4% | $176M-10.7% | |
| Operating Income (Loss) by Business | ||||||
| Bottling investments | $191M+60.5% | $191M-4.0% | $57M+32.6% | $59M-39.8% | $119M-23.7% | |
| Latin America Segment | $1.04B+14.8% | $984M-0.5% | $897M-4.3% | $957M+3.9% | $904M-4.3% | |
| North America Segment | $1.61B+19.8% | $427M-65.2% | $1.68B+15.5% | $1.62B+17.8% | $1.34B+170% | |
| Selling, general and administrative expenses by Business | ||||||
| Bottling investments | $338M+1.2% | $359M-8.2% | $334M-2.9% | $334M-3.2% | $334M-15.7% | |
| EMEA | $984M+18.1% | $1.1B+18.8% | $1.03B+9.2% | $956M+2.8% | $833M+1.7% | |
| Latin America | $366M+22.4% | $409M+20.3% | $395M+8.5% | $336M-18.8% | $299M-11.0% | |
| North America | $951M+4.0% | $1.15B+7.2% | $1.05B+0.8% | $1B+2.0% | $914M+6.4% | |
| Cost of goods sold by Business | ||||||
| Bottling investments | $1.11B+10.0% | $965M+0.4% | $955M+2.8% | $1.02B-7.1% | $1.01B-20.2% | |
| EMEA | $769M+1.3% | $773M+3.1% | $867M+10.6% | $895M+9.7% | $759M+3.5% | |
| Latin America | $274M0.0% | $291M+4.3% | $281M+10.6% | $263M-17.0% | $274M+10.0% | |
| North America | $2.33B+10.7% | $2.4B-1.0% | $2.52B-0.7% | $2.41B-4.4% | $2.11B-0.2% | |
| Other operating charges by Business | ||||||
| Bottling investments | $0— | $0— | $0— | $0— | $0— | |
| EMEA | $0— | $0— | $0— | $0— | $0— | |
| Latin America | $0— | $13M-66.7% | $0-100% | $31M— | $0— | |
| North America | $4M— | $960M— | $0— | $0— | $0-100% | |
| CapEx by Business | ||||||
| Bottling Investments | $74M-29.5% | $218M-14.8% | $105M-30.0% | $119M-21.2% | $105M-40.7% | |
| Europe, Middle East & Africa | $53M+29.3% | $81M+22.7% | $66M+22.2% | $49M-23.4% | $41M+7.9% | |
| Latin America | $0— | $1M— | $0— | $1M0.0% | $0— | |
| North America | $83M-27.8% | $224M-7.1% | $176M+22.2% | $154M+32.8% | $115M+13.9% | |
| D&A by Business | ||||||
| Bottling investments | $83M+9.2% | $83M+9.2% | $78M+5.4% | $76M-2.6% | $76M-16.5% | |
| EMEA | $48M+9.1% | $34M-22.7% | $40M-14.9% | $55M+22.2% | $44M-2.2% | |
| Latin America | $8M+14.3% | $9M+28.6% | $8M0.0% | $8M+14.3% | $7M0.0% | |
| North America | $99M+22.2% | $81M-8.0% | $83M+6.4% | $81M-1.2% | $81M+5.2% | |
| Intersegment by Business | ||||||
| Latin America Segment | $0— | $2M— | $1M— | $0— | $0— | |
| North America Segment | $2M0.0% | $0-100% | $4M+300% | $1M-75.0% | $2M0.0% | |
| Net Operating Revenues by Product | ||||||
| Concentrate operations | $7.39B+12.0% | $4.79B-26.5% | $8.2B+16.2% | $8.29B+10.6% | $6.59B-0.9% | |
| Finished product operations | $5.09B+12.2% | $7.03B+39.9% | $4.26B-11.2% | $4.25B-12.8% | $4.54B-2.4% | |
| Net Operating Revenues by Geography | ||||||
| Non-US | $7.73B+12.4% | $7B+0.8% | $7.34B+5.6% | $7.6B-0.3% | $6.88B-4.3% | |
| UNITED STATES | $4.75B+11.6% | $4.82B+4.8% | $5.12B+4.4% | $4.94B+4.1% | $4.25B+3.3% |
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.
