Filing Flows › Coca Cola (KO) › Guidance history
Coca Cola (KO) guidance history: what it guided and what it reported
Coca Cola gave guidance in 15 earnings releases on file since Feb 13, 2024. Its releases raised guidance 3 times and lowered it once.
Tax rate
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 19.9% (Apr 30, 2026) → reaffirmed 19.9% (Jul 28, 2026) → lowered 19.7% (Oct 27, 2026) | — | to be reported | — |
Adjusted tax rate
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 20.9% (Feb 10, 2026) → lowered 19.9% (Apr 28, 2026) | — | to be reported | — |
| FY2025 | 20.8% (Feb 11, 2025) → reaffirmed 20.8% (Apr 29, 2025) → reaffirmed 20.8% (Jul 22, 2025) → lowered 20.7% (Oct 21, 2025) | — | — | — |
| FY2024 | 19.2% (Feb 13, 2024) → lowered 19.0% (Apr 30, 2024) → reaffirmed 19.0% (Jul 23, 2024) → lowered 18.8% (Oct 23, 2024) | — | — | — |
Operating cash flow
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $14.4B (Feb 10, 2026) → reaffirmed $14.4B (Apr 28, 2026) | — | to be reported | — |
| FY2024 | $11.4B (Feb 13, 2024) → reaffirmed $11.4B (Apr 30, 2024) → reaffirmed $11.4B (Jul 23, 2024) | $6.8B (GAAP) | not judged | — |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $2.2B (Feb 10, 2026) → reaffirmed $2.2B (Apr 28, 2026) → reaffirmed $2.2B (Jul 29, 2026) → reaffirmed $2.2B (Oct 28, 2026) | — | to be reported | — |
| FY2024 | $2.2B (Feb 13, 2024) → reaffirmed $2.2B (Apr 30, 2024) → reaffirmed $2.2B (Jul 23, 2024) | $2.1B (GAAP) | not judged | — |
Adjusted EPS
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $3.00 (Feb 10, 2026) → reaffirmed $3.00 (Apr 28, 2026) | — | to be reported | — |
| FY2025 | $2.88 (Feb 11, 2025) → reaffirmed $2.88 (Apr 29, 2025) → reaffirmed $2.88 (Jul 22, 2025) → reaffirmed $2.88 (Oct 21, 2025) | — | — | — |
| FY2024 | $2.69 (Feb 13, 2024) → reaffirmed $2.69 (Apr 30, 2024) → reaffirmed $2.69 (Jul 23, 2024) → reaffirmed $2.69 (Oct 23, 2024) | — | — | — |
Adjusted free cash flow
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $12.2B (Feb 10, 2026) → reaffirmed $12.2B (Apr 28, 2026) → raised $12.4B (Jul 28, 2026) → raised $13.0B (Oct 27, 2026) | — | to be reported | — |
| FY2024 | $9.2B (Feb 13, 2024) → reaffirmed $9.2B (Apr 30, 2024) → reaffirmed $9.2B (Jul 23, 2024) | — | — | — |
The latest quarter
Coca Cola, Q3 2026: revenue $13.4B (+7% year over year), operating margin 33.4%, net earnings $4.0B, operating cash flow $4.9B. The chart follows the revenue to costs, profit and cash.
Questions
Does Coca Cola beat its guidance?
Coca Cola gave guidance in 15 earnings releases on file since Feb 13, 2024. Its releases raised guidance 3 times and lowered it once.
How often does Coca Cola raise guidance?
Its earnings releases raised guidance 3 times and lowered it once since Feb 13, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.