Coca-Cola Full-Year EPS Rises 23% to $3.04; Q4 Operating Income Falls 32%
Coca-Cola reported fourth quarter and full year 2025 results on February 10, 2026. Full-year net revenues rose 2% to $47.9 billion and diluted EPS rose 23% to $3.04, while fourth-quarter operating income fell 32% after a $960 million non-cash impairment charge on the BODYARMOR trademark. The company also forecast 2026 comparable EPS (non-GAAP) growth of 7% to 8% versus $3.00 in 2025.
Key points
- Fourth-quarter net revenues grew 2% to $11.8 billion; organic revenues (non-GAAP) grew 5%.
- Fourth-quarter diluted EPS grew 4% to $0.53; comparable EPS (non-GAAP) grew 6% to $0.58.
- 2026 outlook calls for organic revenue (non-GAAP) growth of 4% to 5% and free cash flow (non-GAAP) of about $12.2 billion.
- Full-year free cash flow was $5.3 billion, including a $6.1 billion fairlife contingent consideration payment; excluding it, $11.4 billion.
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 10, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.