How much profit did Coca-Cola make in 2025?

Coca-Cola reported net income of $13.1 billion in 2025, with EPS of $3.04 (up 23% from 2024). Comparable EPS (non-GAAP) was $3.00, up 4% year-over-year.

Is Coca-Cola profitable?

Yes, Coca-Cola is one of the most consistently profitable companies in the world. The company has maintained positive net income every year for decades, with profits growing from $6.4 billion in 2018 to $13.1 billion in 2025. Its high-margin concentrate model keeps operating margins around 28%.

How does Coca-Cola's profitability compare to PepsiCo?

Despite lower revenue ($47.9B vs PepsiCo's ~$91.5B), Coca-Cola has higher profit margins due to its asset-light concentrate model. Coca-Cola's net income of $13.1B represents a ~27% margin, while PepsiCo's is ~10%. Coca-Cola also has a higher market cap ($310B vs $202B).

Coca-Cola Profits - FourWeekMBA

Name: Coca-Cola, explained: business model and latest numbers
Uploaded: 2026-10-08T22:01:37+01:00
Duration: 2 min 57 s
Description: A 3-minute explainer of Coca-Cola's business model and latest numbers, built from its SEC filings. Analysis by The Business Engineer.

Coca-Cola

Net Income (Profits)

$13.1B

Full Year 2025

▲ +23% EPS

EPS: $3.04 (2025)

Comparable EPS: $3.00

Op. Income Growth: +38%

Dividend/Share: $2.04

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In 2024, The Coca-Cola Company reported net income of $10.63 billion, reflecting a slight decrease from the $10.7 billion earned in 2023. This marginal decline occurred despite a 3% increase in net revenues, which reached $47.1 billion for the year.

The company’s net income over the past four years is as follows:

Coca-Cola's operating margin rose from 21% in 2016 to 29% in 2025. Operating margin (operating income ÷ net operating revenues), calendar years (calculated). — Coca-Cola's operating margin rose from 21% in 2016 to 29% in 2025. Source: Coca-Cola Form 10-K filings via SEC EDGAR XBRL company facts. Margins calculated. 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.

Key figures, at a glance

Coca-Cola operating income and net income

Operating incomeNet income

Figure	Value
Operating income, 2025 filing	$13.8B (29% of revenue)
Net income, 2025 filing	$13.1B
Revenue, 2025 filing	$47.9B

Source: Coca-Cola Form 10-K (2025). Calculated figures are labelled.

Company explainer · Coca-Cola, explained

A 3-minute explainer of Coca-Cola's business model and latest numbers, built from its SEC filings. Analysis by The Business Engineer.

2021: $9.77 billion
2022: $9.54 billion
2023: $10.7 billion
2024: $10.63 billion

This trend indicates a period of steady profitability, with a peak in 2023 followed by a slight dip in 2024. Factors contributing to the 2024 performance include increased pricing strategies and a modest rise in concentrate sales, which helped offset challenges such as currency headwinds and higher operating expenses