Q4 25 EPS
$0.58
BEAT +3.57%
Est. $0.56
Q4 25 Revenue
$11.82B
vs S&P Since Q4 25
-1.2%
TRAILING MARKET
KO +2.9% vs S&P +4.1%
Full Year 2025 Results
FY 25 EPS
$3.00
BEAT +0.35%
Est. $2.99
FY 25 Revenue
$47.94B
MISS 0.68%
Est. $48.27B
Market Reaction
Did KO Beat Earnings? Q4 2025 Results
Coca-Cola closed out Q4 2025 with a mixed but broadly resilient performance, delivering earnings per share of $0.58 against a consensus estimate of $0.56, a 3.57% beat, while revenue of $11.82 billion came in 2.70% below the $12.15 billion Wall Stree… Read more Coca-Cola closed out Q4 2025 with a mixed but broadly resilient performance, delivering earnings per share of $0.58 against a consensus estimate of $0.56, a 3.57% beat, while revenue of $11.82 billion came in 2.70% below the $12.15 billion Wall Street had expected, rising just 2.4% year over year as significant currency headwinds weighed on reported figures. The headline shortfall, however, obscures the underlying momentum: organic revenue grew 5% for both the quarter and the full year, driven by disciplined pricing and volume gains in markets including Brazil, the United States, and Japan. A $960 million non-cash impairment charge on the BODYARMOR trademark pressured GAAP operating income, though comparable margins continued to expand. Coca-Cola Zero Sugar remained a standout, with unit case volume surging 13% in Q4. Analysts have since raised price targets following the print. Looking into 2026, management guided for 4%–5% organic revenue growth and comparable EPS growth of 7%–8% versus a $3.00 base, aided by an approximate 3% currency tailwind.
Key Takeaways
- • Organic revenue growth of 5% driven by 4% increase in concentrate sales and 1% price/mix growth in Q4
- • Coca-Cola Zero Sugar unit case volume grew 13% in Q4 and 14% for the full year
- • Pricing actions in the marketplace across all geographies
- • Effective cost management driving comparable operating margin expansion
- • Gained value share in total NARTD beverages for both Q4 and full year
- • North America comparable currency neutral operating income grew 15% in Q4
KO YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
KO Revenue by Segment
With YoY comparisons, source: SEC Filings
KO Revenue by Geography
With YoY comparisons, source: SEC Filings
“I'm encouraged by our performance in 2025 which showed both the resilience and momentum that define our business.”
— James Quincey, Q4 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% |