Coca-Cola (KO) Earnings Dates, Call Summary & Reports

Compare

30,574 Followers

Earnings Data

Report Date

Apr 27, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.82

Last Year’s EPS

0.73

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 15 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 10, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call emphasized strong financial and strategic progress—organic revenue growth in line with the long-term algorithm, comparable EPS inflection to $3, margin expansion, robust free cash flow, low leverage, continued brand-building (32 billion-dollar brands) and multi-market share gains. Management acknowledged near-term volume and regional softness (flat annual volume, Asia Pacific weakness, India/China variability) plus notable headwinds from currency, mix effects and divestitures, as well as the need to improve innovation speed. Guidance for 2026 balances prudence with continued investment and targets further top-line and EPS growth, reflecting confidence in execution while recognizing several manageable risks and timing impacts.

Company Guidance

Management guided 2026 organic revenue growth of 4–5% and comparable currency‑neutral EPS growth (ex‑acquisitions/divestitures) of 5–6%, with all‑in comparable EPS expected to rise 7–8% versus $3 in 2025 (implying roughly $3.21–$3.24); they forecast a ~1‑point currency tailwind to comparable net revenues and ~3‑point currency tailwind to comparable EPS, partly offset by divestitures modeled as an ~4‑point headwind to comparable net revenues and ~1‑point headwind to comparable EPS (assumes Coca‑Cola Beverages sale in H2 2026), and an underlying effective tax rate of 20.9%. They expect about $12.2B of free cash flow in 2026 (≈$14.4B cash from operations less ≈$2.2B capex, ~25% of capex tied to company‑owned bottlers); 2025 adjusted FCF conversion was 93% and net debt leverage stood at 1.6x EBITDA. Management reiterated a commitment to grow the dividend (2025 dividends were 73% of adjusted FCF vs a long‑term ~75% payout), to remain opportunistic on M&A and buybacks, and noted calendar timing (Q1 +6 days, Q4 −6 days) and lost equity income from recent divestitures as timing considerations.

Organic Revenue and EPS Growth

Organic revenue growth of 5% in the fourth quarter; full-year organic growth in 2025 was in line with the company's long-term growth algorithm (guidance 4%-5%). Comparable EPS reached $3.00 for full-year 2025 (an inflection from ~ $2 historically) with ~4% comparable EPS growth in 2025; Q4 comparable EPS was $0.58, up 6% year-over-year despite currency headwinds.

Strong Free Cash Flow and Healthy Leverage

Free cash flow of $11.4 billion in 2025 (excluding the fairlife contingent consideration payment), up approximately $600 million versus the prior year (excluding prior IRS tax deposits). Adjusted free cash flow conversion was 93% for 2025. Net debt leverage was 1.6x EBITDA, below the company's 2.0–2.5x target range. 2026 free cash flow is guided to approximately $12.2 billion.

Margin Expansion and Pricing Actions

Comparable gross margin and comparable operating margin each expanded by approximately 50 basis points in Q4 driven by underlying expansion. Underlying pricing actions were approximately 4 percentage points (company highlights a 4% underlying price across recent quarters), with Q4 reported price/mix of 1% after mix headwinds.

Brand and Strategic Progress

Added 12 billion-dollar brands since 2017, bringing the portfolio to 32 billion-dollar brands (75% of them outside sparkling soft drinks). Trademark Coca-Cola retail sales grew by over $60 billion and remains the highest-valued food & beverage brand per Kantar. The company reported better-than-ever alignment with bottling partners and continued progress on refranchising.

Consistent Market Share Gains and Regional Wins

The company has gained value share for 19 consecutive quarters. Notable regional performance: North America gained both volume and value share (delivering growth in volume, revenue and comparable operating income) and reached ~30% operating margin in the operating unit; Latin America grew volume, revenue and comparable currency-neutral operating income (Santa Clara in Mexico became a billion-dollar brand); EMEA gained value share and grew volume and revenue; Eurasia, Middle East & Africa grew volume.

2026 Guidance Reflects Continued Growth

2026 guidance: organic revenue growth of 4%–5% (in line with long-term algorithm); comparable currency-neutral EPS growth (ex-acquisitions/divestitures) of 5%–6%; expected comparable EPS growth of 7%–8% versus $3 in 2025. Currency and divestiture assumptions included in guidance (approx. +1 point revenue FX tailwind, +3 point EPS FX tailwind; divestitures ~4-point revenue headwind, ~1-point EPS headwind).

Coca-Cola (KO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

KO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 27, 2026	2026 (Q1)	0.81 / -	0.73	―	―	―
Feb 10, 2026	2025 (Q4)	0.56 / 0.58	0.55	5.45% (+0.03)
Oct 21, 2025	2025 (Q3)	0.78 / 0.82	0.77	6.49% (+0.05)
Jul 22, 2025	2025 (Q2)	0.83 / 0.87	0.84	3.57% (+0.03)
Apr 29, 2025	2025 (Q1)	0.71 / 0.73	0.72	1.39% (+0.01)
Feb 11, 2025	2024 (Q4)	0.52 / 0.55	0.49	12.24% (+0.06)
Oct 23, 2024	2024 (Q3)	0.74 / 0.77	0.74	4.05% (+0.03)
Jul 23, 2024	2024 (Q2)	0.81 / 0.84	0.78	7.69% (+0.06)
Apr 30, 2024	2024 (Q1)	0.70 / 0.72	0.68	5.88% (+0.04)
Feb 13, 2024	2023 (Q4)	0.49 / 0.49	0.45	8.89% (+0.04)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

KO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 10, 2026	$77.97	$76.81	-1.49%
Oct 21, 2025	$67.96	$70.72	+4.06%
Jul 22, 2025	$69.05	$68.65	-0.58%
Apr 29, 2025	$70.25	$70.80	+0.78%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.