Coca-Cola Company (The): Beat — EPS $0.91, Revenue $13.4B
Earnings BeatQ3 2026 · Pre-market
Did Coca-Cola Company (The) (KO) beat earnings today?
Yes, Coca-Cola Company (The) (KO) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+3.41% surprise
$0.91Actual
Expected: $0.88
vs. year ago +11.0%
Total Revenue+3.63% surprise
$13.4BActual
Expected: $12.93B
vs. year ago +7.0%
Released Oct 27 · 6:55 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $13.40B | - | +7.0 |
| GAAP EPS | $0.93 | - | +8.0 |
| Comparable EPS | $0.91 | - | +11.0 |
Financial Outlook / Guidance
| Metric | Q4 2026 Considerations | FY2026 Guidance / FY2027 Considerations |
|---|---|---|
| Organic revenues | — | At least 5% growth (prev. Approx. 5% growth) |
| Comparable net revenues | ~1% currency tailwind; ~4% headwind from acquisitions and divestitures | ~1% currency tailwind; ~2% headwind from acquisitions and divestitures (prev. ~1% currency tailwind; 2% to 3% headwind from acquisitions and divestitures) |
| Comparable currency neutral EPS excluding acquisitions and divestitures | — | At least 9% growth (prev. 7% to 8% growth) |
| Comparable EPS | ~4% currency tailwind; ~3% headwind from acquisitions and divestitures | At least 11% growth, ~3% currency tailwind, ~1% headwind from acquisitions and divestitures (prev. 9% to 10% growth, ~3% currency tailwind, ~1% headwind from acquisitions and divestitures) |
| Free cash flow | — | At least $13.0 billion (prev. Approx. $12.4 billion) |
| Cash from operations | — | At least $15.2 billion (prev. Approx. $14.6 billion) |
| Capital expenditures | — | ~$2.2 billion (prev. ~$2.2 billion) |
| FY27 Comparable net revenues | — | Slight currency headwind; ~8% headwind from acquisitions and divestitures |
| FY27 Comparable EPS | — | Slight currency headwind; ~2% headwind from acquisitions and divestitures |
Business Highlights
- ➤Celebrated 140 years of serving consumers and communities in the United States.
- ➤Marked 100 years in Mexico with limited-edition packaging and local cultural experiences.
- ➤Nigeria’s 75-year anniversary campaign reached more than 100 million consumers.
- ➤Coca-Cola and Sprite activated at 60 festivals across more than 20 European markets.
- ➤European music activations reached over 12 million attendees and 500 million livestream viewers.
- ➤Launched the 500ml Supercan at nearly 20 live music events in Greece.
- ➤Partnered with British rapper Central Cee for an English Premier League campaign.
- ➤Gained value share in total NARTD beverages globally.
Management Commentary
Henrique Braun, CEO of The Coca-Cola Company
“Our results this quarter demonstrate our system’s sustained momentum, giving us confidence in our updated full year guidance. By staying close to consumers and executing with agility across our global system, we are delivering quality growth while continuing to invest in the capabilities, brands and people that will fuel our future.”