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+0.7% | $5.73B-7.9% | $5.76B-13.7% | $5.73B-20.6% | $5.86B-24.1% | |
| EMEA | $11.16B+8.1% | $10.83B+5.4% | $10.72B-11.6% | $10.46B-9.7% | $10.32B-4.0% | |
| Latin America | $6.53B+1.8% | $6.33B-2.2% | $6.28B-0.6% | $6.35B+1.6% | $6.42B+7.4% | |
| North America | $20.11B+5.9% | $19.58B+3.8% | $19.37B+5.4% | $19.15B+7.6% | $19B+9.9% | |
| Net Operating Revenues by Business | ||||||
| Bottling investments | $5.91B+0.7% | $5.74B-7.8% | $5.77B-13.7% | $5.74B-20.6% | $5.87B-24.1% | |
| EMEA | $11.87B+8.1% | $11.51B+5.1% | $11.4B-11.2% | $11.13B-9.4% | $10.98B-4.0% | |
| Latin America | $6.54B+1.8% | $6.33B-2.1% | $6.28B-0.6% | $6.35B+1.6% | $6.42B+7.4% | |
| North America | $20.12B+5.9% | $19.59B+3.8% | $19.37B+5.4% | $19.16B+7.6% | $19B+9.9% | |
| Intersegment Revenue by Business | ||||||
| Bottling investments | $9M+12.5% | $9M+12.5% | $8M0.0% | $8M-20.0% | $8M0.0% | |
| EMEA | $709M+7.6% | $680M0.0% | $678M-3.8% | $672M-4.0% | $659M-4.5% | |
| Operating Income (Loss) by Business | ||||||
| Bottling investments | $498M+8.5% | $426M-14.1% | $434M-10.0% | $420M-26.4% | $459M-22.9% | |
| Latin America Segment | $3.88B+3.3% | $3.74B-1.3% | $3.75B+4.0% | $3.79B+3.7% | $3.75B+6.3% | |
| North America Segment | $5.34B-1.2% | $5.07B+11.3% | $5.87B+32.3% | $5.65B+32.6% | $5.4B+31.8% | |
| Selling, general and administrative expenses by Business | ||||||
| Bottling investments | $1.37B-3.5% | $1.36B-7.8% | $1.39B-7.2% | $1.4B-10.9% | $1.41B-14.1% | |
| EMEA | $4.07B+12.1% | $3.92B+8.3% | $3.75B+4.7% | $3.66B+3.9% | $3.63B+4.5% | |
| Latin America | $1.51B+6.3% | $1.44B-1.0% | $1.37B-5.7% | $1.34B-6.3% | $1.42B+4.6% | |
| North America | $4.16B+3.5% | $4.12B+4.0% | $4.04B+7.4% | $4.03B+11.9% | $4.01B+14.6% | |
| Cost of goods sold by Business | ||||||
| Bottling investments | $4.05B+1.3% | $3.95B-7.1% | $3.94B-16.0% | $3.92B-24.2% | $4B-27.0% | |
| EMEA | $3.3B+6.3% | $3.29B+6.8% | $3.27B+6.4% | $3.19B+5.1% | $3.11B+5.0% | |
| Latin America | $1.11B-1.3% | $1.11B+0.9% | $1.1B+1.6% | $1.07B-1.5% | $1.12B+9.2% | |
| North America | $9.66B+0.8% | $9.44B-1.6% | $9.46B+1.1% | $9.48B+5.1% | $9.59B+10.2% | |
| Other operating charges by Business | ||||||
| Bottling investments | $0— | $0— | $0— | $0— | $0— | |
| EMEA | $0— | $0— | $0— | $0— | $0— | |
| Latin America | $44M-65.1% | $44M-65.1% | $70M-19.5% | $157M— | $126M— | |
| North America | $964M— | $960M+26.3% | $0-100% | $0-100% | $0-100% | |
| CapEx by Business | ||||||
| Bottling Investments | $516M-22.1% | $547M-25.5% | $585M-15.1% | $630M-15.9% | $662M-18.2% | |
| Europe, Middle East & Africa | $249M+10.7% | $237M+6.8% | $222M+3.4% | $210M-4.3% | $225M+5.0% | |
| Latin America | $2M+100% | $2M+100% | $1M-20.0% | $1M-33.3% | $1M+33.3% | |
| North America | $637M+3.4% | $669M+11.1% | $686M+47.8% | $654M+54.6% | $616M+50.2% | |
| D&A by Business | ||||||
| Bottling investments | $320M+5.3% | $313M-1.9% | $306M-10.1% | $302M-16.9% | $304M-20.6% | |
| EMEA | $177M-1.7% | $173M-4.4% | $183M-0.4% | $190M+3.5% | $180M-2.8% | |
| Latin America | $33M+13.8% | $32M+10.3% | $30M-11.8% | $30M-21.1% | $29M-32.6% | |
| North America | $344M+4.6% | $326M+0.3% | $333M+5.9% | $328M+4.5% | $329M+6.3% | |
| Intersegment by Business | ||||||
| Latin America Segment | $3M— | $3M— | $1M— | $0— | $0— | |
| North America Segment | $7M-22.2% | $7M-22.2% | $9M0.0% | $6M-40.0% | $9M+12.5% | |
| Net Operating Revenues by Product | ||||||
| Concentrate operations | $28.66B+3.6% | $27.87B+0.5% | $29.6B+9.0% | $28.46B+4.2% | $27.66B+3.0% | |
| Finished product operations | $20.62B+7.3% | $20.07B+3.8% | $18.06B-6.0% | $18.6B-2.9% | $19.23B+0.1% | |
| Net Operating Revenues by Geography | ||||||
| Non-US | $29.67B+4.5% | $28.81B+0.4% | $28.76B+0.5% | $28.37B-2.9% | $28.39B-2.9% | |
| UNITED STATES | $19.62B+6.1% | $19.13B+4.2% | $18.91B+6.5% | $18.69B+8.3% | $18.5B+10.0% |
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.
