The Coca-Cola Company

Coca-Cola sells drinks in more than 200 countries and territories. Besides its namesake cola, it owns Sprite, Fanta, Coca-Cola Zero Sugar and Diet Coke. It also owns water, sports, coffee, tea, juice and dairy brands such as Dasani, Powerade, BODYARMOR, Costa, Minute Maid and fairlife. Its brands account for 2.2 billion of the estimated 65 billion drink servings consumed worldwide each day. Sparkling soft drinks made up 69% of its 2025 volume, and Coca-Cola-branded drinks alone made up 47%.

Coca-Cola earns most of its revenue by selling concentrates and syrups to independent bottling partners. The bottlers add water and sweeteners, package the drinks and sell them to retailers. These concentrate operations produced 59% of its $47.9 billion in fiscal 2025 revenue. The other 41% came from finished product operations, mainly its own bottling and distribution businesses. These bring in more revenue per drink but keep less of each sales dollar after production costs. Coca-Cola also earns fees tied to Monster Energy distribution and sells coffee in Costa stores.

North America was the largest segment, with about 41% of fiscal 2025 revenue. Europe, Middle East and Africa followed at 24%. Latin America, Asia Pacific and Bottling Investments, which houses bottlers the company owns, each brought in 12% to 13%. Sales outside the United States made up 60% of revenue and 84% of volume.

• In Q3 FY2026 (ended Oct 2, 2026), revenue was $13.38B, up 7.4% from a year earlier, and net income was $4.01B (+8.5%).
• For fiscal 2025, revenue was $47.94B (+1.9% year over year; +7.7% a year from FY2020 to FY2025) with a 27.3% net margin.

• Over FY2021–FY2025: $6.36B in buybacks and $39.96B in dividends.
• At least 9 consecutive annual increases: every fiscal year in the SEC data (FY2016–FY2025) shows an increase; the true streak may be longer.
• Regular dividends per share grew +4.5% a year over 5 years (FY2020–FY2025).
• Dividends took 67% of earnings and 165.8% of free cash flow in the latest fiscal year.
• Shares outstanding changed -0.8% from Feb 18, 2022 to Oct 26, 2026.

Rank among 1514 US companies

Market value at each year end

The Coca-Cola’s market value went from $178.82B at the end of 2016 to $412.25B on Nov 2, 2026, about 2.3 times as much; since the end of 2025 it is up 37%.

Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 0 open-market purchases and 24 sales ($167.8M), 14 of them under pre-arranged 10b5-1 trading plans.

Large shareholders (13G filings)

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1. Health worries about sugar and ingredients. Concerns about obesity, sugar, low-calorie sweeteners, color additives and processing could turn people away from its drinks or bring new rules. Sparkling soft drinks were 69% of 2025 volume.
2. Dependence on independent bottling partners. Bottlers make, package and sell a large share of its drinks. Strained relationships, or bottlers in financial trouble, could hurt sales and profits in ways Coca-Cola cannot fully control.
3. New drink taxes, labels and marketing limits. Governments may add or raise taxes on beverages, require warning labels or restrict how drinks are marketed and sold. Any of these could raise shelf prices or reduce demand.
4. Plastic, packaging rules and water scarcity. Pressure over plastic bottles and stricter container laws could raise costs and hurt demand. Water shortages or poor water quality could also limit production capacity and raise costs across the bottling system.
5. Currency swings, conflicts and boycotts abroad. About 60% of revenue comes from outside the US. A stronger dollar, high inflation, conflicts, sanctions or political boycotts in key markets can cut sales and reported profits.
6. Competition and shoppers trading down. Rivals and cheaper store brands can limit price increases and raise marketing costs, especially when budgets are tight. Online shopping makes prices easier to compare and could weaken traditional sales routes.

• Oct 27, 2026 Quarterly results released
• Jul 28, 2026 Quarterly results released
• Jul 16, 2026 Other company announcement
• Jun 25, 2026 Executive or board change
• May 1, 2026 Shareholder vote results
• Apr 28, 2026 Quarterly results released
• Feb 20, 2026 Executive or board change
• Feb 10, 2026 Quarterly results released
• Jan 14, 2026 Executive or board change
• Dec 10, 2025 Executive or board change

Coca-Cola paid regular dividends of $2.04 a share in fiscal 2025, up from $1.64 in fiscal 2020, about 4.5% a year. SEC filings show at least nine straight yearly increases through fiscal 2025, and the true streak may be longer. The yield was 2.23% as of October 30, 2026. Dividends took 67% of fiscal 2025 earnings but were larger than free cash flow (cash from operations after capital spending): $8.8 billion paid versus $5.3 billion generated. Buybacks are modest: $6.4 billion over fiscal 2021–2025, against $40 billion in dividends. The share count fell 0.8% from February 2022 to October 2026.

The share price fell 41% from peak to low in the 2008 financial crisis and 37% in the 2020 COVID crash. It needed 16 to 20 months after each low to regain its prior high. Its 2022 drop was a smaller 17%. Single stocks carry more risk than diversified funds, since one company's setbacks can hit both income and capital.