
Coca‑Cola Sees 2025 Finish Strong, Maps Bold Path for 2026
Coca-Cola reported Q4 2025 net revenues of $11.8B (up 2% y/y) and full-year net revenues of $47.9B (up 2%), with organic revenues up 5% in both periods. Q4 operating margin was 15.6% (comparable 24.4%); full-year margin was 28.7% (comparable 31.2%). Q4 EPS rose 4% to $0.53 (comparable $0.58); full-year EPS rose 23% to $3.04 (comparable $3.00). Cash flow from operations for 2025 was $7.4B, with free cash flow of $5.3B (or $11.4B excluding the fairlife contingent payment). For 2026, the company guides organic revenue growth of 4–5% with about a 1% currency tailwind and roughly a 4% headwind from acquisitions/divestitures, aiming for about $12.2B in free cash flow, while continuing strategic investments and maintaining its dividend and share repurchase program.









