Coca Cola (KO) Gross Margin (2009 - 2026)
Coca Cola (KO) posted quarterly Gross Margin of 62.89% for Q3 2026, up 50.0% year-over-year from 41.93% in Q3 2025, and little changed quarter-over-quarter from 62.96% in Q2 2026.
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 62.89% for Q3 2026.
- In Q3 2026, Gross Margin rose 50.0% year-over-year to 62.89%; the TTM figure through Jul 2026 stood at 61.89% (up 46.0% YoY), while the FY2025 annual figure was 61.63%, up 56.0% from the prior year.
- Gross Margin for Q3 2026 stood at 62.89%, roughly flat from 62.96% in the prior quarter.
- The five-year high for Gross Margin was 62.96% in Q2 2026, with the low at 55.43% in Q4 2022.
- The 5-year median for Gross Margin is 60.84% (2022), against an average of 60.4%.
- The sharpest annual moves came in 2022 and 2024: Gross Margin sank 526 bps in 2022, then jumped 275 bps in 2024.
- Coca Cola's Gross Margin stood at 55.43% in 2022, then climbed by 3 bps to 57.29% in 2023, then advanced by 5 bps to 60.04% in 2024, then advanced by 0 bps to 60.05% in 2025, then grew by 5 bps to 62.89% in 2026.
- Business Quant data shows KO's Gross Margin at 62.89% in Q3 2026, 62.96% in Q2 2026, and 60.05% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola Femsa Sab De Cv | 1,821.88 Bn | 1,821.88 Bn | 2.06 Bn | 47.09% |
| 2 | Coca Cola | 373.80 Bn | 359.65 Bn | 8.42 Bn | 62.89% |
| 3 | Pepsico | 188.17 Bn | 177.46 Bn | 13.11 Bn | 54.22% |
| 4 | Coca-Cola Europacific Partners | 48.30 Bn | 47.14 Bn | - | - |
| 5 | Monster Beverage | 44.84 Bn | 41.42 Bn | 1.42 Bn | 55.95% |
| 6 | Keurig Dr Pepper | 39.56 Bn | 38.66 Bn | 2.10 Bn | 52.77% |
| 7 | Andina Bottling | 21.78 Bn | 21.78 Bn | 319.18 Bn | 38.92% |
| 8 | Coca-Cola Consolidated | 10.30 Bn | 10.12 Bn | 778.41 Mn | 37.93% |
| 9 | Primo Brands | 8.55 Bn | 8.19 Bn | 548.70 Mn | 30.55% |
| 10 | Celsius Holdings | 6.93 Bn | 6.30 Bn | 393.69 Mn | 48.13% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 3, 2026 | 62.89% |
| 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% |