Filing Flows › Coca Cola (KO) › Q2 2026
Coca Cola (KO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Coca Cola (KO) reported revenue of $13.4B for the second quarter 2026 (Q2 2026), +7% from a year earlier and +7% from the quarter before. Operating margin was 34.9%, net earnings $4.4B (33.1% of revenue).
Coca Cola, Q2 2026: revenue $13.4B (+7% year over year), operating margin 34.9%, net earnings $4.4B, operating cash flow $5.5B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.4B | +7% | +7% |
| Gross profit | $8.4B | +7% | +8% |
| Operating profit | $4.7B | +7% | +9% |
| Net earnings | $4.4B | +13% | +16% |
| Operating cash flow | $5.5B | +173% | +45% |
| Free cash flow | $5.1B | +191% | +51% |
What changed
Revenue was $13.4B in Q2 2026, up 7% year over year and up 7% from the previous quarter. Concentrate operations was the largest line at 61% of revenue. Concentrate operations added $0.53B year over year (up 7%), 62% of the total change.
Gross margin was 62.9%, up 0.5 points from Q2 2025. Operating profit was $4.7B, a 34.9% margin (up 0.8 points year over year). Of the extra revenue versus Q2 2025, 46% reached operating profit, above the 34% margin then. Operating expenses grew 6% against revenue growth of 7%. Net earnings were $4.4B, up 16% year over year. The effective tax rate was 18.9%.
Operating cash flow was $5.5B (up 45% year over year), 124% of net earnings. Non-cash charges added back $0.27B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items added $0.76B. Capital expenditures of $0.42B left free cash flow of $5.1B.
Questions
What was Coca Cola's revenue in the second quarter 2026?
Coca Cola (KO) reported revenue of $13.4B for the second quarter 2026 (Q2 2026), +7% from a year earlier and +7% from the quarter before.
Was Coca Cola profitable in the second quarter 2026?
Operating profit was $4.7B (34.9% of revenue) and net earnings $4.4B.
Source: Coca Cola 10-Q on SEC EDGAR.