The Coca-Cola Company had approximately 65,900 employees at the end of 2025, down from 69,700 in 2024, 79,100 in 2023 and 82,500 in 2022, according to its 10-Ks; about 8,900 were in the US. The drop reflects bottlers Coca-Cola sold, not a smaller business: revenue rose to $47.9B.
Sources: Coca-ColaForm 10-K for 2025 and earlier 10-Ks (SEC EDGAR). Analysis by The Business Engineer.
How we source: figures on this page come from the company’s own filings (SEC 10-K, 10-Q and earnings releases, or its annual report), with the period stated next to each number. Last refreshed October 2026. Our methodology.
North America is Coca-Cola's biggest segment: $5.4B in Q2 2026. Source: Coca-Colaquarterly earnings releases (Form 8-K, SEC EDGAR). Segments as restated in the most recent releases (2025 basis). Analysis by The Business Engineer.Coca-Cola's operating margin rose from 21% in 2016 to 29% in 2025. Source: Coca-ColaForm 10-K filings via SEC EDGAR XBRL company facts. Margins calculated. Analysis by The Business Engineer.
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More on Coca-Cola Employee Count 2024 and its peers
Most people in the Coca-Cola system work for independent bottlers, not for The Coca-Cola Company. When Coca-Cola sells a company-owned bottler, those employees leave its headcount, even though the drinks, trucks and plants keep running.
That is why revenue per employee keeps rising: about $521 in 2022, $578 in 2023, $675 in 2024 and $727 in 2025 (calculated). It is the asset-light model in one number.
In 2024, The Coca-Cola Company reported a total of 69,700 employees, marking a significant reduction from previous years:โ
2021: 79,000 employeesโ
2022: 82,500 employeesโ
2023: 79,100 employeesโ
2024: 69,700 employees โ
This downward trend in employee numbers over the past two years may reflect the company’s ongoing efforts to streamline operations and adapt to changing market dynamics.
Coca-Cola's revenue was $47.9B in 2025, above 2016's $41.9B after years of selling bottlers. Source: Coca-ColaForm 10-K filings via SEC EDGAR XBRL company facts. Analysis by The Business Engineer.
Gennaro Cuofano is a CRO and tech executive who has worked in AI since late 2015, starting with bringing NLP, natural-language generation, voice and chatbot products to the marketing industry. His background is in law and finance: he holds a Master's degree in Law and an International MBA with an emphasis on corporate finance (LUISS Business School and the University of San Diego, 2012), and worked as a financial analyst at a real-estate investment firm in San Diego and as an assistant controller. His work focuses on business model strategy, business engineering and, more broadly, structural analysis: how companies make money, read from their own filings. He created FourWeekMBA and leads research there and at The Business Engineer, his newsletter on AI and business strategy, with over 95,000 subscribers and more than 1,000 published analyses. His writing has also appeared on Entrepreneur, HackerNoon and Search Engine People. Find him on LinkedIn and Substack. See how we source.
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