Earnings resultsOct 27, 2026

Coca-ColaKO · Beverages - Non-Alcoholic

Coca-Cola (KO) Q3 2026 Earnings Review

By Stocks To Buy Now AI ResearchPublished Oct 27, 2026 · 7:16 AM ET

Reported quarterQ3 2026

Exterior of Coca-Cola headquarters in Atlanta — Archive photograph of Coca-Cola’s headquarters in Atlanta, 2020. Photo: JJonahJackalope / Wikimedia Commons · CC BY-SA 4.0 · Wikimedia-supplied thumbnail; displayed with a responsive crop.

THE CATALYST

What the company reported

Coca-Cola raised its 2026 earnings and cash-flow outlook after third-quarter beverage volume grew 5% and comparable operating margin improved to 32.9%; stronger demand gives the company more room to fund marketing while growing profit.

AT A GLANCE

Q3 2026 earnings recap

Coca-Cola raised its 2026 profit and cash-flow outlook as stronger beverage demand lifted third-quarter revenue 7% to $13.4 billion.

Comparable profit per share, which excludes selected items, rose 11% to $0.91, beating the $0.881 estimate, while revenue exceeded the $12.92 billion forecast.
Beverage volume grew 5% while pricing and product mix added 1%, showing that growth depended on selling more drinks rather than mainly raising prices.
Comparable operating margin rose to 32.9% from 31.9%, meaning Coca-Cola kept more operating profit from each dollar of sales despite higher marketing spending.
The company now expects at least 11% comparable profit growth and at least $13 billion in free cash flow for 2026, up from 9–10% and about $12.4 billion.
At the October 26 close of $92.70, shares traded around 28 times trailing reported profit through July, leaving investors reliant on continued earnings growth.
The stock remained above its 20-day average near $90, but the recent $95–95.4 highs mark an area where a sustained rebound could face selling.

Watch the results call for signs of improving North American demand, where volume was flat, and for how bottling sales could reduce reported revenue in 2027.

THE VISUAL RESEARCH

Financials, technicals and earnings

Charts through Oct 26, 2026.

Financials

Technicals

Earnings & peers

WHAT TO WATCH

Technical setup and risks

The October 26 close was above the 20-day and 50-day averages near $90 and $89, with resistance near $95–95.4; flat North American volume and bottling divestitures remain risks to the growth outlook.

AI-assisted earnings research with verified issuer results. Charts use the stated completed session. Educational information; investing involves risk.

EXPLORE COMPANY RESEARCH

Coca-Cola: the full stock picture

Earnings history, financials, price action and peer comparisons — all below.

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EXPLORE THE COMPANY

Coca-Cola (KO)

Explore earnings, price action, financials and industry comparisons.

Symbol: KO
Sector: Consumer Defensive
Industry: Beverages - Non-Alcoholic
Instrument type: EQUITY

Profile information from our saved company catalog. This is not a live quote or confirmation of current listing status.

EARNINGS & COMPANY RESEARCH

KO earnings, valuation & price action

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NEXT EXPECTED REPORTOct 27 2026Before open · ET

EPS ESTIMATE0.88

REVENUE ESTIMATE12.92B

Expected dates may change. Estimates use the source’s reporting currency. Quotes and research are snapshots, not live prices.

COMPANY RESEARCH · Consumer Defensive

The Coca-Cola Company KO

Beverages - Non-Alcoholic · Updated 10/20/2026

Adjusted closing price · USD93.08 Oct 20

Price50-day average200-day average+39.6% in view

VALUATION & EXPECTATIONS

Trailing P/E27.6×

Forward P/E28.1×

Trailing P/S7.9×

Forward P/S7.9×

EPS beat rate100%

Revenue beat rate63%

Positive window75%

EPS beats: 8 of 8 comparable reports. Positive price windows: 6 of 8.

Market caps may be up to 14 days old; prices up to seven days old; ratios and analyst estimates up to fourteen days old. Forward multiples use consensus for the fiscal year ending 2026-12-31, not the next 12 months. Negative or unavailable earnings multiples show “N/A”. Forward ADR multiples are omitted when the currency/share basis is not reconciled.

50-day average88.44

200-day average80.39

RSI (14)70

20-day range85.65 – 93.90

Relative volume0.3×

1-year change+39.6%

Last eight reported earnings for KO
Report date	EPS estimate	EPS actual	Surprise	Result	Revenue actual	Price window*	5 sessions*
Jul 28 2026	0.93	0.97	+4.1%	Beat	13.37B	+6.0%	+3.0%
Apr 28 2026	0.81	0.86	+5.9%	Beat	12.47B	+4.5%	+4.0%
Feb 10 2026	0.57	0.58	+2.7%	Beat	11.8B	+0.8%	+1.9%
Oct 21 2025	0.78	0.82	+5.3%	Beat	12.46B	+3.5%	+2.5%
Jul 22 2025	0.83	0.87	+4.3%	Beat	12.54B	-1.3%	-1.0%
Apr 29 2025	0.71	0.73	+2.2%	Beat	11.13B	+1.1%	-0.1%
Feb 11 2025	0.52	0.55	+6.2%	Beat	11.54B	+6.4%	+8.6%
Oct 23 2024	0.74	0.77	+4.1%	Beat	11.85B	-3.1%	-5.1%

*Adjusted close before the report date to the first (or fifth) trading close after it. This window can span two sessions and is not an isolated earnings-day return. Figures may be revised by the provider.

KO earnings previews and market catalysts

Earnings week of October 26–30, 2026: cloud growth, consumers and cash flow
2026-10-25 · Microsoft, Alphabet and Amazon lead a busy earnings week. Follow twelve major reports across payments, medicine, energy and consumer goods, with the key business questions and risks to watch.

Coca-Cola (KO) Earnings October 27, 2026: Volume, Pricing, Margins and Guidance
2026-10-22 · Coca-Cola reports October 27 before the open. Review estimates, volume and pricing trends, raised guidance, prior earnings surprises and PepsiCo’s recent results.

All upcoming earnings catalysts →

02 / FINANCIALS

Coca-Cola financials

Revenue, earnings, cash flow and financial strength in one view.

Reporting currency unconfirmed.

Financial history

Revenue

Net income

Gross profit

Operating income

EBITDA

Operating cash flow

Capital expenditure

Cash

Total assets

Total liabilities

Shareholder equity

Total debt

Net profit margin

Gross margin

Short interest: days to cover

How to read these financial metrics

Figures use the app’s saved statements for the displayed period, not a trailing-year total. Margins divide profit by revenue; quick ratio uses current assets less inventory divided by current liabilities. Compare dates and currencies before comparing companies.

03 / WHAT COMES NEXT

Coca-Cola event catalysts

Company earnings and scheduled market events that may change expectations.

2026-10-27

KO earnings

Watch reported results, management’s outlook and the share-price reaction.

See earnings expectations ↑

2026-10-278:30 AM ET

Durable goods orders

Read core capital-goods orders alongside the headline; aircraft orders can create large swings.

Release schedule ↗Scheduled

2026-10-2710:00 AM ET

New home sales

Watch demand, inventories and revisions when assessing homebuilders and rate-sensitive sectors.

Release schedule ↗Scheduled

2026-10-282:00 PM ET

FOMC rate decision

Watch the statement and rate outlook; the first market reaction can reverse during the press conference.

Release schedule ↗Scheduled

2026-10-282:30 PM ET

Fed chair press conference

Listen for changes in the outlook for inflation, employment and future policy.

Release schedule ↗Scheduled

2026-10-298:30 AM ET

Initial jobless claims

Use the multiweek trend to distinguish normal volatility from a sustained increase in layoffs.

Release schedule ↗Scheduled

2026-10-298:30 AM ET

PCE inflation & consumer spending

Compare core PCE and real spending with expectations to assess inflation alongside demand.

Release schedule ↗Scheduled

2026-10-298:30 AM ET

Q3 GDP · advance estimate

Separate consumer demand from inventory and trade effects; revisions can change the growth picture.

Release schedule ↗Scheduled

2026-10-308:30 AM ET

Employment Cost Index

Persistent compensation pressure can affect margins and the inflation outlook.

Release schedule ↗Scheduled

Dates use U.S. Eastern time and can change. Calendar events provide context; they do not determine the direction of a stock move.

04 / SIDE BY SIDE

Compare KO with its peers

Beverages - Non-Alcoholic · Compare valuation, financial strength and price performance.

Companies with valuation data1

Peer median positive P/E

KO P/E27.6×

KO peer comparison: valuation
Company	Price	Market cap	P/E	Forward P/E	P/S	Forward P/S
KOCoca-Cola2026-10-20 · USD	93.08	395.71B	27.6×	28.1×	7.9×	7.9×
CELHCelsius Holdings, Inc.
COCOThe Vita Coco Company, Inc.
EMBVFArca Continental, S.A.B. de C.V.
FIZZNational Beverage Corp.
KDPKeurig Dr Pepper Inc.
MNSTMonster Beverage Corporation

KO27.6×

The peer median excludes the selected stock and is based on 0 available positive multiples. P/E median excludes negative or missing earnings multiples. Peer reports can have different fiscal periods and currencies; values are not currency-converted.

05 / PEER ANALYSIS

Explore KO alongside its peers

Beverages - Non-Alcoholic · 7 companies · Cached market data

Comparison

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Price / sales

KOThe Coca-Cola Company

Market cap: 395.71B
Price / sales: 7.9×

Valuation snapshot: 2026-10-20

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1 of 7 companies have both plotted values.

P/S distribution

Trailing price-to-sales multiples · 1 companies

Median P/S7.9×

Middle 50%7.9× to 7.9×

KO P/S7.9×

7.1×8.3×

Tap a bar to see the companies in that P/S range. KO has a higher P/S than 0% of this group.

6 companies excluded from P/S statistics because sales are non-positive or the saved multiple is missing. Statistics include all valid positive values, including those outside the focused chart range.

Companies

Showing 7 of 7 matching companies · Largest market cap first

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Market cap 395.71BP/E 27.6×P/S 7.9×Forward P/E Forward P/S Price snapshot: 2026-10-20
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Market cap 190.58BP/E P/S Forward P/E Forward P/S Catalog snapshot
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Market cap 91.49BP/E P/S Forward P/E Forward P/S Catalog snapshot
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Market cap 47.77BP/E P/S Forward P/E Forward P/S Catalog snapshot
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Market cap 42.05BP/E P/S Forward P/E Forward P/S Catalog snapshot
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Market cap 7.22BP/E P/S Forward P/E Forward P/S Catalog snapshot
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Market cap 2.95BP/E P/S Forward P/E Forward P/S Catalog snapshot
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U.S.-listed companies from the app’s catalog. Medians use saved positive P/E values; coverage and snapshot dates vary.

How this comparison works

Uses the saved companies from the same industry and listing market, including KO, ordered by cached market cap. Company snapshots can have different dates; the web cache may cover fewer metrics and periods than the app.

Periods end at each company’s dated price snapshot. Change compares the latest saved observation with one at or before the selected period’s start. A daily price change uses consecutive saved sessions. Financial data updates quarterly, so short periods may show no change. Missing history and zero starting values are excluded; a negative starting value uses its absolute value as the denominator.

Metrics use saved ratios and percentages. Market caps use the listing market’s reporting currency; underlying financial statements may use different currencies. Circle sizes have a minimum for touch visibility, and an outlined circle indicates a missing market cap. These comparisons describe data, not recommendations or price predictions.