Coca Cola annual operating margin
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2025
Coca Cola Operating Margin Growth & History (KO)
Coca Cola's operating margin was 28.71% for fiscal 2025.
View full Coca Cola company overviewCoca Cola annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 28.71% | +7.47 pp |
| 2024 | 2024-12-31 | 21.23% | −3.49 pp |
| 2023 | 2023-12-31 | 24.72% | −0.65 pp |
| 2022 | 2022-12-31 | 25.37% | −1.30 pp |
| 2021 | 2021-12-31 | 26.67% | −0.59 pp |
| 2020 | 2020-12-31 | 27.25% | +0.19 pp |
| 2019 | 2019-12-31 | 27.06% | +0.38 pp |
| 2018 | 2018-12-31 | 26.68% | +5.27 pp |
| 2017 | 2017-12-31 | 21.42% | +0.74 pp |
| 2016 | 2016-12-31 | 20.68% | +0.97 pp |
| 2015 | 2015-12-31 | 19.70% | −1.40 pp |
| 2014 | 2014-12-31 | 21.11% | −0.72 pp |
| 2013 | 2013-12-31 | 21.83% | −0.62 pp |
| 2012 | 2012-12-31 | 22.45% | +0.59 pp |
| 2011 | 2011-12-31 | 21.86% | −2.10 pp |
| 2010 | 2010-12-31 | 23.96% | −2.60 pp |
| 2009 | 2009-12-31 | 26.56% | +0.12 pp |
| 2008 | 2008-12-31 | 26.44% | +1.31 pp |
| 2007 | 2007-12-31 | 25.13% | — |
Coca Cola quarterly operating margin
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Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 35.09% | +0.95 pp |
| Q1 2026 | 2026-04-03 | 34.95% | +2.07 pp |
| Q4 2025 | 2025-12-31 | 15.57% | −7.89 pp |
| Q3 2025 | 2025-09-26 | 31.97% | +10.80 pp |
| Q2 2025 | 2025-06-27 | 34.14% | +12.86 pp |
| Q1 2025 | 2025-03-28 | 32.88% | +13.93 pp |
| Q4 2024 | 2024-12-31 | 23.47% | +2.52 pp |
| Q3 2024 | 2024-09-27 | 21.17% | −6.18 pp |
| Q2 2024 | 2024-06-28 | 21.29% | +1.23 pp |
| Q1 2024 | 2024-03-29 | 18.95% | −11.72 pp |
| Q4 2023 | 2023-12-31 | 20.95% | +0.46 pp |
| Q3 2023 | 2023-09-29 | 27.36% | −0.56 pp |
| Q2 2023 | 2023-06-30 | 20.06% | −0.62 pp |
| Q1 2023 | 2023-03-31 | 30.66% | −1.79 pp |
| Q4 2022 | 2022-12-31 | 20.49% | +2.83 pp |
| Q3 2022 | 2022-09-30 | 27.91% | −0.95 pp |
| Q2 2022 | 2022-07-01 | 20.67% | −9.10 pp |
| Q1 2022 | 2022-04-01 | 32.46% | +2.28 pp |
| Q4 2021 | 2021-12-31 | 17.67% | −9.48 pp |
| Q3 2021 | 2021-10-01 | 28.86% | +2.30 pp |
| Q2 2021 | 2021-07-02 | 29.78% | +2.07 pp |
| Q1 2021 | 2021-04-02 | 30.18% | +2.51 pp |
| Q4 2020 | 2020-12-31 | 27.15% | +3.29 pp |
| Q3 2020 | 2020-09-25 | 26.56% | +0.27 pp |
| Q2 2020 | 2020-06-26 | 27.71% | −2.18 pp |
| Q1 2020 | 2020-03-27 | 27.67% | −0.34 pp |
| Q4 2019 | 2019-12-31 | 23.86% | +0.73 pp |
| Q3 2019 | 2019-09-27 | 26.29% | −3.50 pp |
| Q2 2019 | 2019-06-28 | 29.89% | +0.53 pp |
| Q1 2019 | 2019-03-29 | 28.01% | +4.26 pp |
| Q4 2018 | 2018-12-31 | 23.13% | +4.97 pp |
| Q3 2018 | 2018-09-28 | 29.79% | +5.06 pp |
| Q2 2018 | 2018-06-29 | 29.36% | +8.36 pp |
| Q1 2018 | 2018-03-30 | 23.75% | +2.22 pp |
| Q4 2017 | 2017-12-31 | 18.16% | +3.43 pp |
| Q3 2017 | 2017-09-29 | 24.73% | +3.37 pp |
| Q2 2017 | 2017-06-30 | 21.00% | −3.78 pp |
| Q1 2017 | 2017-03-31 | 21.53% | +0.71 pp |
| Q4 2016 | 2016-12-31 | 14.73% | −0.45 pp |
| Q3 2016 | 2016-09-30 | 21.36% | +0.54 pp |
| Q2 2016 | 2016-07-01 | 24.78% | +3.92 pp |
| Q1 2016 | 2016-04-01 | 20.82% | −0.61 pp |
| Q4 2015 | 2015-12-31 | 15.18% | +1.83 pp |
| Q3 2015 | 2015-10-02 | 20.82% | −1.82 pp |
| Q2 2015 | 2015-07-03 | 20.85% | −4.36 pp |
| Q1 2015 | 2015-04-03 | 21.44% | −1.03 pp |
| Q4 2014 | 2014-12-31 | 13.35% | −5.72 pp |
| Q3 2014 | 2014-09-26 | 22.64% | +2.09 pp |
| Q2 2014 | 2014-06-27 | 25.21% | −0.23 pp |
| Q1 2014 | 2014-03-28 | 22.47% | +0.64 pp |
| Q4 2013 | 2013-12-31 | 19.07% | +0.01 pp |
| Q3 2013 | 2013-09-27 | 20.55% | −2.09 pp |
| Q2 2013 | 2013-06-28 | 25.44% | +0.26 pp |
| Q1 2013 | 2013-03-29 | 21.82% | −0.71 pp |
| Q4 2012 | 2012-12-31 | 19.06% | +1.34 pp |
| Q3 2012 | 2012-09-28 | 22.63% | +0.15 pp |
| Q2 2012 | 2012-06-29 | 25.17% | +0.22 pp |
| Q1 2012 | 2012-03-30 | 22.53% | +0.81 pp |
| Q4 2011 | 2011-12-31 | 17.72% | +7.02 pp |
| Q3 2011 | 2011-09-30 | 22.49% | −5.33 pp |
| Q2 2011 | 2011-07-01 | 24.96% | −6.90 pp |
| Q1 2011 | 2011-04-01 | 21.72% | −7.29 pp |
| Q4 2010 | 2010-12-31 | 10.70% | −13.00 pp |
| Q3 2010 | 2010-10-01 | 27.82% | +1.09 pp |
| Q2 2010 | 2010-07-02 | 31.85% | +2.36 pp |
| Q1 2010 | 2010-04-02 | 29.01% | +3.02 pp |
| Q4 2009 | 2009-12-31 | 23.70% | — |
| Q3 2009 | 2009-10-02 | 26.73% | +0.67 pp |
| Q2 2009 | 2009-07-03 | 29.49% | −0.12 pp |
| Q1 2009 | 2009-04-03 | 25.99% | — |
| Q3 2008 | 2008-09-26 | 26.06% | — |
| Q2 2008 | 2008-06-27 | 29.62% | — |
Coca Cola operating margin trends
Over the last five fiscal years, Coca Cola's operating margin increased from 27.25% to 28.71%, a change of +1.45 percentage points. The latest reported quarter, Q2 2026, shows 35.09%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Coca Cola source filings ↗