Coca-Cola had about 65,900 employees at 31 December 2025 and $47.9 billion of net operating revenues in 2025, its 10-K shows. That works out to about $727,000 of revenue per employee, up from about $675,000 in 2024, when it had about 69,700 employees.
How we source: the figures in the boxes and charts on this page come from Coca-Cola’s own annual filing, with the period stated next to each number. Data checked 4 November 2026. The original article below may quote earlier periods. Our methodology.
Correction, 4 November 2026:
An earlier version of this page said Coca-Cola generated "about $727" of revenue per employee in 2025, missing the thousands. Its 2025 10-K reports $47.9 billion of net operating revenues and about 65,900 employees, about $727,000 per employee (calculated).
Key figures · fiscal 2025 (year to 31 December 2025)
Net operating revenues, FY2025$47.9B+1.9% vs prior year
North America$19.6B+3.8% vs prior year
Europe, Middle East & Africa$10.8B+5.4% vs prior year
Latin America$6.3B-2.2% vs prior year
Bottling Investments$5.7B-7.9% vs prior year
Asia Pacific$5.3B+3.9% vs prior year
Employeesabout 65,90031 December 2025
Operating income$13.8 billion, about 28.7% of revenue ($10.0 billion in FY2024)FY2025
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.
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.
Coca-Cola generated $578,432 revenue per employee in 2023, compared to $521,261 in 2022, and $489,304 in 2021.
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.
Frequently asked questions
How many employees does Coca-Cola have?
Approximately 65,900 at December 31, 2025 (Form 10-K).
Why is Coca-Cola’s headcount falling?
It has been refranchising (selling) company-owned bottling operations; their employees move to independent bottlers.
What is Coca-Cola’s revenue per employee?
About $727 in 2025 (calculated: revenue ÷ employees).
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 (for example, How to Digitize a Family Business in Europe) and HackerNoon. Find him on LinkedIn and Substack. See how we source.
