Filing Flows › Coca Cola (KO) › Q3 2026
Coca Cola (KO) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
Coca Cola (KO) reported revenue of $13.4B for the third quarter 2026 (Q3 2026), +7% from a year earlier and 0% from the quarter before. Operating margin was 33.4%, net earnings $4.0B (30.0% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.4B | 0% | +7% |
| Gross profit | $8.4B | +0.4% | +10% |
| Operating profit | $4.5B | -4% | +12% |
| Net earnings | $4.0B | -9% | +8% |
| Operating cash flow | $4.9B | -11% | -2% |
| Free cash flow | $4.5B | -11% | -0.3% |
What changed
Revenue was $13.4B in Q3 2026, up 7% year over year and roughly flat from the previous quarter. Concentrate operations was the largest line at 61% of revenue. Concentrate operations added $0.70B year over year (up 9%), 76% of the total change.
Gross margin was 63.2%, up 1.7 points from Q3 2025. Operating profit was $4.5B, a 33.4% margin (up 1.4 points year over year). Of the extra revenue versus Q3 2025, 52% reached operating profit, above the 32% margin then. Operating expenses grew 8% against revenue growth of 7%. Net earnings were $4.0B, up 8% year over year. The effective tax rate was 16.1%.
Operating cash flow was $4.9B (down 2% year over year), 121% of net earnings. Non-cash charges added back $0.25B of depreciation and amortization and $0.08B of share-based compensation. Working capital and other items added $0.54B. Capital expenditures of $0.38B left free cash flow of $4.5B.
Questions
What was Coca Cola's revenue in the third quarter 2026?
Coca Cola (KO) reported revenue of $13.4B for the third quarter 2026 (Q3 2026), +7% from a year earlier and 0% from the quarter before.
Was Coca Cola profitable in the third quarter 2026?
Operating profit was $4.5B (33.4% of revenue) and net earnings $4.0B.
Source: Coca Cola 10-Q on SEC EDGAR.