Filing Flows › Coca Cola (KO) › Q3 2026 › vs Q2 2026
Coca Cola (KO) Q3 2026 vs Q2 2026 (quarter over quarter)
Coca Cola's revenue rose $0 (0%) from $13.4B in Q2 2026 to $13.4B in Q3 2026. The biggest changes: Concentrate operations +$53.0M (+0.7%); Finished product operations −$53.0M (-1%). Gross margin 63.2% against 62.9% (+0.3 pts).
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 draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 63.2% | 62.9% | +0.3 pts |
| Operating margin | 33.4% | 34.9% | -1.5 pts |
| Net margin | 30.0% | 33.1% | -3.1 pts |
| Free cash flow margin | 34.0% | 38.1% | -4.1 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Concentrate operations | $8.2B | $8.1B | $53.0M | +0.7% |
| Finished product operations | $5.2B | $5.2B | −$53.0M | -1% |
| Revenue | $13.4B | $13.4B | $0 | 0% |
| Gross profit | $8.4B | $8.4B | $35.0M | +0.4% |
| Cost of revenue | $4.9B | $5.0B | −$35.0M | -0.7% |
| Other income, net | $368M | $803M | −$435M | -54% |
| Operating profit | $4.5B | $4.7B | −$207M | -4% |
| Operating expenses | $4.0B | $3.7B | $242M | +6% |
| Pre-tax earnings | $4.8B | $5.5B | −$642M | -12% |
| Net earnings | $4.0B | $4.4B | −$416M | -9% |
| Minority interests | $47.0M | $13.0M | $34.0M | +262% |
| Income tax | $777M | $1.0B | −$260M | -25% |
| Depreciation & amortization | $253M | $266M | −$13.0M | -5% |
| Share-based compensation | $77.0M | $61.0M | $16.0M | +26% |
| Working capital & other | $589M | $770M | −$181M | -24% |
| Operating cash flow | $4.9B | $5.5B | −$594M | -11% |
| Free cash flow (OCF − capex) | $4.5B | $5.1B | −$555M | -11% |
| Capital expenditures | $379M | $418M | −$39.0M | -9% |
Questions
How much did Coca Cola's revenue grow quarter over quarter in Q3 2026?
Coca Cola's revenue rose $0 (0%) from $13.4B in Q2 2026 to $13.4B in Q3 2026.
What drove Coca Cola's revenue change in Q3 2026?
Concentrate operations +$53.0M (+0.7%); Finished product operations −$53.0M (-1%).