Coca-Cola (KO) Q3 2025 Earnings
How Did KO Stock React to Q3 2025 Earnings?
S&P 500 over the same 30 days: −2.79%.
Did KO Beat Earnings? Q3 2025 Results
Yes. Coca-Cola reported Q3 2025 earnings of $0.82 a share on Oct 21, 2025, beating the $0.78 consensus estimate by 5.2%. Revenue was $12.5B against a $12.4B estimate.
Coca-Cola posted a confident third-quarter beat on both the top and bottom lines, with comparable EPS of $0.82 clearing the $0.7791 Wall Street consensus by 5.25% as revenue of $12.46 billion edged past estimates by 0.35% and grew 5.1% year over year. The Atlanta-based beverage giant navigated what CEO James Quincey called a "challenging" environment by leaning on pricing power — organic revenue rose 6%, driven entirely by price/mix — while global unit case volume grew a modest 1%, with Coca-Cola Zero Sugar standing out at 14% volume growth worldwide. Reported operating income surged 59% to $3.98 billion, though the comparison was flattered by the absence of a $919 million fairlife contingent consideration charge from the prior-year period. Despite a 6-point currency headwind on comparable EPS, management reaffirmed full-year 2025 guidance for 5-6% organic revenue growth and raised its free cash flow outlook to at least $9.80 billion, signaling that <a href="https://247wallst.com/investing/2026/02/15/coca-colas-week-in-review-analysts-raise-price-targets-q4-beat/">analyst confidence in the stock</a> may be well-founded heading into year-end.
- 6% price/mix growth driven by pricing actions and favorable mix
- Coca-Cola Zero Sugar volume grew 14% globally across all geographic segments
- Effective cost management partially offset by increased marketing investments
- Gained value share in total NARTD beverages globally
- Europe, Middle East & Africa led volume growth at 4%
- Dual-brand sports strategy with Powerade and BODYARMOR gained value share and volume
“While the overall environment has continued to be challenging, we've stayed flexible — adapting plans where needed and investing for growth.”
Coca-Cola CEO, on the earnings call
What Was Coca-Cola's Outlook in Q3 2025?
For full year 2025, Coca-Cola expects organic revenue growth of 5% to 6% (unchanged), comparable currency neutral EPS growth of approximately 8% (unchanged), and comparable EPS growth of approximately 3% versus $2.88 in 2024 (unchanged). The company expects a 1-2% currency headwind on comparable net revenues and an approximate 5% currency headwind on comparable EPS. The underlying effective tax rate is estimated at 20.7% (updated from 20.8%). The company raised its free cash flow outlook excluding the fairlife contingent consideration payment to at least $9.8 billion (up from $9.5 billion), consisting of approximately $12.0 billion in operating cash flow less approximately $2.2 billion in capital expenditures. For Q4 2025, comparable net revenues are expected to include a slight currency tailwind, while comparable EPS growth is expected to include a 4-5% currency headwind. For full year 2026, comparable net revenues and comparable EPS growth are both expected to include slight currency tailwinds; full 2026 guidance will be provided with Q4 earnings.
KO YoY Financials
| Metric | Q3 2025 | Q3 2024 | Year over year |
|---|---|---|---|
| Revenue | $12.5B | $11.9B | +5.1% |
| Gross Profit | $7.7B | $7.2B | +6.5% |
| Operating Income | $4.0B | $2.5B | +58.7% |
| Net Income | $3.7B | $2.8B | +29.8% |
KO Revenue by Segment
KO Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.