Q3 25 EPS
$0.82
BEAT +5.25%
Est. $0.78
Q3 25 Revenue
$12.46B
BEAT +0.35%
Est. $12.41B
vs S&P Since Q3 25
+4.7%
BEATING MARKET
KO +12.0% vs S&P +7.4%
Market Reaction
Did KO Beat Earnings? Q3 2025 Results
Coca-Cola posted a confident third-quarter beat on both the top and bottom lines, with comparable EPS of $0.82 clearing the $0.78 Wall Street consensus by 5.25% as revenue of $12.46 billion edged past estimates by 0.35% and grew 5.1% year over year. … Read more Coca-Cola posted a confident third-quarter beat on both the top and bottom lines, with comparable EPS of $0.82 clearing the $0.78 Wall Street consensus by 5.25% as revenue of $12.46 billion edged past estimates by 0.35% and grew 5.1% year over year. The Atlanta-based beverage giant navigated what CEO James Quincey called a "challenging" environment by leaning on pricing power, organic revenue rose 6%, driven entirely by price/mix, while global unit case volume grew a modest 1%, with Coca-Cola Zero Sugar standing out at 14% volume growth worldwide. Reported operating income surged 59% to $3.98 billion, though the comparison was flattered by the absence of a $919 million fairlife contingent consideration charge from the prior-year period. Despite a 6-point currency headwind on comparable EPS, management reaffirmed full-year 2025 guidance for 5-6% organic revenue growth and raised its free cash flow outlook to at least $9.80 billion, signaling that analyst confidence in the stock may be well-founded heading into year-end.
Key Takeaways
- • 6% price/mix growth driven by pricing actions and favorable mix
- • Coca-Cola Zero Sugar volume grew 14% globally across all geographic segments
- • Effective cost management partially offset by increased marketing investments
- • Gained value share in total NARTD beverages globally
- • Europe, Middle East & Africa led volume growth at 4%
- • Dual-brand sports strategy with Powerade and BODYARMOR gained value share and volume
KO YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
KO Revenue by Segment
With YoY comparisons, source: SEC Filings
KO Revenue by Geography
With YoY comparisons, source: SEC Filings
“While the overall environment has continued to be challenging, we've stayed flexible — adapting plans where needed and investing for growth.”
— James Quincey, Q3 2025 Earnings Press Release
KO Earnings Trends
KO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
KO EPS Trend
Earnings per share: estimate vs actual
KO Revenue Trend
Quarterly revenue: estimate vs actual
KO Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $0.86 | — | $12.47B | +1.97% |
| Q4 25 BEAT FY | $0.56 | $0.58 | +3.57% | $11.82B | — |
| FY Full Year | $2.99 | $3.00 | +0.35% | $47.94B | -0.68% |
| Q3 25 BEAT | $0.78 | $0.82 | +5.25% | $12.46B | +0.35% |
| Q2 25 BEAT | $0.84 | $0.87 | +3.91% | $12.54B | -0.15% |
| Q1 25 BEAT | $0.72 | $0.73 | +1.94% | $11.13B | -0.37% |