Coca Cola (KO) Tax Rate (2009 - 2026)
Coca Cola (KO) recorded Tax Rate of 18.94% in Q2 2026, down 1.76 percentage points from 20.70% a year earlier but up 4.95 percentage points from the prior quarter.
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Analysis
Coca Cola (KO) Tax Rate (2009 - 2026) Analysis & Trends
On a TTM basis, Coca Cola's Tax Rate came in at 16.41% as of Jul 3, 2026, down 2.46 percentage points year-over-year; for FY2025, it was 17.88%, down 0.74 percentage points from FY2024.
- Annual Tax Rate has a five-year change of -2.44 percentage points (FY2020 to FY2025).
- Across earlier years, Tax Rate came in at 18.62% in FY2024 (+1.26 pp), 17.36% in FY2023 (-0.73 pp), 18.10% in FY2022 (-3.00 pp) and 21.09% in FY2021 (+0.77 pp).
- Quarterly Tax Rate has ranged from 11.95% in Q3 2025 to 23.19% in Q1 2023 over the past five years.
- On a year-over-year basis, Tax Rate rose in four of the last eight quarters, with an average year-over-year change of -0.57 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 8.24 percentage points in Q2 2024, against a drop of 20.34 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 13.99% (Q1 2026), 21.81% (Q4 2025) and 11.95% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 395.88 Bn | 382.35 Bn | 8.42 Bn | 18.94% |
| 2 | Coca Cola Femsa Sab De Cv | 193.50 Bn | 193.50 Bn | 2.06 Bn | 29.65% |
| 3 | Pepsico | 175.26 Bn | 133.02 Bn | 13.75 Bn | 21.36% |
| 4 | Monster Beverage | 88.72 Bn | 76.97 Bn | 1.42 Bn | 23.91% |
| 5 | Diageo | 52.28 Bn | 32.35 Bn | - | - |
| 6 | Ambev | 50.60 Bn | 35.89 Bn | 2.06 Bn | - |
| 7 | Coca-Cola Europacific Partners | 50.03 Bn | 42.70 Bn | - | - |
| 8 | Keurig Dr Pepper | 46.25 Bn | 42.30 Bn | 3.07 Bn | 31.15% |
| 9 | Constellation Brands | 22.09 Bn | 21.64 Bn | 1.39 Bn | 20.17% |
| 10 | Coca-Cola Consolidated | 13.61 Bn | 11.24 Bn | 778.41 Mn | 26.17% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 18.94% |
| Apr 3, 2026 | 13.99% |
| Dec 31, 2025 | 21.81% |
| Sep 26, 2025 | 11.95% |
| Jun 27, 2025 | 20.70% |
| Mar 28, 2025 | 17.80% |
| Dec 31, 2024 | 21.13% |
| Sep 27, 2024 | 15.68% |
| Jun 28, 2024 | 20.71% |
| Mar 29, 2024 | 17.74% |
| Dec 31, 2023 | 19.98% |
| Sep 29, 2023 | 12.84% |
| Jun 30, 2023 | 12.47% |
| Mar 31, 2023 | 23.19% |
| Dec 31, 2022 | 17.76% |
| Sep 30, 2022 | 18.06% |
| Jul 1, 2022 | 16.81% |
| Apr 1, 2022 | 19.23% |
| Dec 31, 2021 | 17.23% |
| Oct 1, 2021 | 19.75% |
API Access
Coca Cola Tax Rate 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=tax-rate&ticker=KO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=KO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();