Coca Cola (KO) Gross Margin (2009 - 2026)
Coca Cola (KO) recorded quarterly Gross Margin of 62.96% in Q2 2026, up 4.84% quarter-over-quarter from 60.05% in Q4 2025, and up 36.0% on a YoY basis from 46.29% in Q2 2025.
Coca Cola (KO) Gross Margin (2009 - 2026) Analysis & Trends
Coca Cola's Gross Margin history runs 18 years deep, the most recent figure standing at 62.96% for Q2 2026.
- In Q2 2026, Gross Margin rose 36.0% year-over-year to 62.96%; the TTM figure through Apr 2026 stood at 61.74% (up 67.0% YoY), while the FY2025 annual figure was 61.63%, up 56.0% from the prior year.
- Gross Margin was 62.96% for Q2 2026 at Coca Cola, up from 60.05% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 62.96% in Q2 2026 to a low of 55.43% in Q4 2022.
- Historically, Gross Margin has averaged 60.25% across 5 years, with a median of 60.68% in 2023.
- The sharpest annual moves came in 2022 and 2024: Gross Margin slumped 526 bps in 2022, then surged 275 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 55.43% in 2022, then grew by 3 bps to 57.29% in 2023, then climbed by 5 bps to 60.04% in 2024, then climbed by 0 bps to 60.05% in 2025, then advanced by 5 bps to 62.96% in 2026.
- The last three Gross Margin figures came in at 62.96% (Q2 2026), 60.05% (Q4 2025), and 61.49% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 341.39 Bn | 332.40 Bn | 7.85 Bn | 62.96% |
| 2 | Pepsico | 194.25 Bn | 183.58 Bn | 10.73 Bn | 55.19% |
| 3 | Monster Beverage | 89.38 Bn | 86.39 Bn | 1.29 Bn | 54.96% |
| 4 | Coca Cola Femsa Sab De Cv | 87.89 Bn | 86.38 Bn | 1.89 Bn | 46.89% |
| 5 | Keurig Dr Pepper | 41.86 Bn | 27.96 Bn | 2.10 Bn | 52.77% |
| 6 | Coca-Cola Consolidated | 10.27 Bn | 10.04 Bn | 727.08 Mn | 39.37% |
| 7 | Primo Brands | 8.82 Bn | 8.54 Bn | 464.90 Mn | 28.59% |
| 8 | Celsius Holdings | 7.92 Bn | 7.37 Bn | 378.07 Mn | 48.31% |
| 9 | Vita Coco Company | 4.80 Bn | 4.59 Bn | 71.81 Mn | 39.95% |
| 10 | National Beverage | 3.40 Bn | 3.09 Bn | 99.60 Mn | 37.65% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 3, 2026 | 62.96% |
| Dec 31, 2025 | 60.05% |
| Sep 26, 2025 | 61.49% |
| Jun 27, 2025 | 62.39% |
| Mar 28, 2025 | 62.59% |
| Dec 31, 2024 | 60.04% |
| Sep 27, 2024 | 60.65% |
| Jun 28, 2024 | 61.08% |
| Mar 29, 2024 | 62.52% |
| Dec 31, 2023 | 57.29% |
| Sep 29, 2023 | 61.04% |
| Jun 30, 2023 | 58.97% |
| Mar 31, 2023 | 60.68% |
| Dec 31, 2022 | 55.43% |
| Sep 30, 2022 | 58.73% |
| Jul 1, 2022 | 57.35% |
| Apr 1, 2022 | 61.00% |
| Dec 31, 2021 | 56.80% |
| Oct 1, 2021 | 60.40% |
| Jul 2, 2021 | 62.61% |