Coca Cola (KO) Gross Margin (2009 - 2026)
Coca Cola (KO) recorded Gross Margin of 62.89% in Q2 2026, up 0.50 percentage points from 62.39% a year earlier but down 0.06 percentage points from the prior quarter.
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Analysis
Coca Cola (KO) Gross Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Coca Cola's Gross Margin came in at 61.89% as of Jul 3, 2026, up 0.46 percentage points year-over-year; for FY2025, it was 61.63%, up 0.56 percentage points from FY2024.
- Annual Gross Margin has increased for three straight years, with a five-year change of +2.31 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 61.06% in FY2024 (+1.54 pp), 59.52% in FY2023 (+1.38 pp), 58.14% in FY2022 (-2.13 pp) and 60.27% in FY2021 (+0.96 pp).
- Quarterly Gross Margin has ranged from 55.43% in Q4 2022 to 62.96% in Q1 2026 over the past five years.
- On a year-over-year basis, Gross Margin has increased for seven consecutive quarters, with an average year-over-year change of +0.68 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 2.75 percentage points in Q4 2024, against a drop of 5.26 percentage points in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 62.96% (Q1 2026), 60.05% (Q4 2025) and 61.49% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 412.98 Bn | 401.46 Bn | 8.45 Bn | 63.15% |
| 2 | Diageo | 237.65 Bn | 219.80 Bn | - | - |
| 3 | Coca Cola Femsa Sab De Cv | 195.53 Bn | 195.53 Bn | 2.15 Bn | 46.52% |
| 4 | Pepsico | 194.08 Bn | 152.04 Bn | 13.75 Bn | 54.42% |
| 5 | Monster Beverage | 95.50 Bn | 83.75 Bn | 1.42 Bn | 55.95% |
| 6 | Coca-Cola Europacific Partners | 52.02 Bn | 45.24 Bn | - | - |
| 7 | Keurig Dr Pepper | 50.06 Bn | 50.30 Bn | 3.07 Bn | 41.95% |
| 8 | Ambev | 43.66 Bn | 28.57 Bn | 2.14 Bn | 50.97% |
| 9 | Constellation Brands | 24.61 Bn | 24.16 Bn | 1.39 Bn | 49.46% |
| 10 | Brown Forman | 14.09 Bn | 12.77 Bn | 549.00 Mn | 46.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Oct 2, 2026 | 63.15% |
| 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% |
API Access
Coca Cola Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=KO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "KO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=KO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();