Coca-Cola Q3 FY2026: EPS beats, guidance raised
Coca-Cola's Q3 FY2026 was a strong operating quarter: revenue and EPS grew, unit case volume rose 5%, and management raised full-year guidance. The read-through is that concentrate sales, price/mix and currency all helped, while the headline net income also carries non-operating items. Use the scorecard to separate reported growth from the cleaner organic and comparable figures, then check the guidance bridge for the Q4 and 2027 acquisition headwinds.
1 · Expected vs. Actual
Free preview belowGAAP EPS was $0.93, up from $0.86, and non-GAAP EPS was $0.91, up 11%. Against the $0.9071 consensus, non-GAAP EPS cleared the bar by $0.0029, a narrow but real beat. Net income was $4.01 billion, up from $3.70 billion, while operating income rose 12% to $4.47 billion.
Revenue was $13.38 billion, up from $12.46 billion a year earlier—about 7.4% reported growth. Organic revenue also grew 7%, helped by a 7% increase in concentrate sales and 1% price/mix, while unit case volume rose 5%. The mix matters: North America was $5.39 billion of revenue but unit case volume was even, so the consolidated growth leaned on Latin America, Asia Pacific and bottling.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
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