AI-extracted from the 10-Q filed 2026-07-29 — Q2 FY2026 (quarter ended July 3, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net operating revenues rose 7% to $13,380 million on 4% concentrate sales volume growth and favorable price/mix, lifting operating income 9% to $4,672 million.
Biggest Revenue Drivers
North America$5,405M+7%
Volume +3% and favorable pricing initiatives; unit case volume up 3% including 5% Trademark Coca-Cola growth
EMEA$3,087M+2%
Favorable pricing initiatives including inflationary pricing, partially offset by unfavorable mix and the Nigeria finished product divestiture (-3%)
Biggest Revenue Drivers
Total revenue: $13,380M+7%
North America$5,405M+7%
Volume +3% and favorable pricing initiatives; unit case volume up 3% including 5% Trademark Coca-Cola growth
EMEA$3,087M+2%
Favorable pricing initiatives including inflationary pricing, partially offset by unfavorable mix and the Nigeria finished product divestiture (-3%)
Latin America$1,839M+16%
Favorable pricing initiatives including inflationary pricing plus an 11% favorable foreign currency impact
Bottling Investments$1,525M+8%
Unit case volume up 8%, favorable mix and pricing, partially offset by India refranchising (-2%)
Asia Pacific$1,487M+1%
Volume +11% almost entirely offset by 9% unfavorable price/mix from mix and affordability initiatives
Largest Expense Items
Cost of goods sold$4,965Mvs $4,714M prior-year quarter
Higher commodity costs, partially offset by pricing initiatives and the sale of Nigeria finished product operations
Selling, general and administrative expenses$3,720M+7%
Increased marketing spending partly due to timing; currency added 1%; offset by lower annual incentive expense
Increased marketing spending, partly a timing shift within the year
Other operating charges$23Mvs $71M prior-year quarter
$9M refranchising indemnification, $6M North America modernization, $5M tax litigation, $3M BodyArmor noncompete amortization
Margins: Gross margin rose to 62.9% from 62.4% on pricing initiatives, currency and the Nigeria divestiture, partly offset by higher commodity costs. Operating margin improved to 34.9% from 34.1%.
Watch Items from the Filing
IRS transfer pricing dispute: $6.0B deposit paid plus $514M accrued interest at risk; potential additional $14B tax and interest for 2010-2025.
BodyArmor trademark carrying value $2,440M after a $960M Q4 2025 impairment; fair value now approximates carrying value, so further impairment is likely if results miss.
Asia Pacific price/mix was negative 9% on unfavorable mix and affordability initiatives, holding revenue growth to 1% despite 11% volume growth.
Ransomware event at fairlife U.S. operations temporarily suspended production; company believes the incident is not reasonably likely to have a material impact.
Africa bottling operations held for sale to CCHBC ($5,438M assets, $2,442M liabilities); Q2 gain of $66M reduced the prior $1,274M impairment.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
98 transactions in KO reported by 31 members of Congress under the STOCK Act, most recent trade Aug 31, 2026. Reported transactions, not recommendations.
About COCA COLA CO (KO): stock profile, AI score and financials
COCA COLA CO (KO) stock profile, AI quality score, and SEC EDGAR financial data, a Consumer Staples sector company. 13F Pro's AI-powered ranking engine scores KO at 70.4/100 on a composite quality score built from its SEC filings, placing it at rank #205 of 2,925 stocks — the top 10% of the AI-ranked universe. KO scores in the top quartile across revenue scale (96.8), balance sheet strength (88.3), profitability (85.2). Areas of concern include revenue growth (38.5), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), COCA COLA CO reports quarterly revenue of $13.4B, net income of $4.4B, an operating margin of 34.9%. Top institutional holders of KO by reported 13-F value include BERKSHIRE HATHAWAY, BlackRock, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. KO trades on the NYSE exchange and files with the SEC under CIK 21344. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate KO daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for COCA COLA CO directly from SEC EDGAR.