The Coca-Cola Company
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of The Coca-Cola Company (KO). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| North America | $11.48B 34.8% | $13.19B 34.1% · +14.9% | $15.67B 36.4% · +18.8% | $16.77B 36.7% · +7.0% | $18.65B 39.6% · +11.2% | $19.59B 40.1% · +5.0% |
| EMEA | $6.06B 18.3% | $7.19B 18.6% · +18.8% | $7.52B 17.5% · +4.6% | $8.08B 17.7% · +7.4% | $8.12B 17.3% · +0.5% | $11.51B 23.6% · +41.8% |
| Latin America | $3.50B 10.6% | $4.14B 10.7% · +18.4% | $4.91B 11.4% · +18.5% | $5.83B 12.7% · +18.7% | $6.46B 13.7% · +10.8% | $6.33B 13.0% · -1.9% |
| Bottling Investments | $6.27B 19.0% | $7.20B 18.6% · +15.0% | $7.89B 18.3% · +9.6% | $7.86B 17.2% · -0.4% | $6.22B 13.2% · -20.8% | $5.74B 11.8% · -7.8% |
| Asia Pacific | – | – | $5.45B 12.7% | $5.46B 11.9% · +0.2% | $5.55B 11.8% · +1.7% | $5.64B 11.6% · +1.7% |
| Asia Pacific | $4.72B 14.3% | $5.29B 13.7% · +12.0% | – | – | – | – |
| Global Ventures | $1.99B 6.0% | $2.81B 7.3% · +40.9% | $2.84B 6.6% · +1.4% | $3.06B 6.7% · +7.8% | $3.13B 6.6% · +2.1% | – |
| Corporate | $46.0M 0.1% | $85.0M 0.2% · +84.8% | $94.0M 0.2% · +10.6% | $126.0M 0.3% · +34.0% | $97.0M 0.2% · -23.0% | – |
| Eliminations | -$1.04B -3.2% | -$1.26B -3.2% · -20.3% | -$1.38B -3.2% · -9.6% | -$1.43B -3.1% · -4.1% | -$1.16B -2.5% · +18.8% | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| North America | $2.47B 21.5% | $3.33B 25.3% | $3.74B 23.9% | $4.44B 26.4% | $4.34B 23.3% | $5.07B 25.9% |
| EMEA | $3.31B 54.7% | $3.74B 51.9% | $3.96B 52.6% | $4.20B 52.0% | $4.13B 50.8% | $4.30B 37.3% |
| Latin America | $2.12B 60.5% | $2.53B 61.2% | $2.87B 58.5% | $3.43B 58.9% | $3.78B 58.5% | $3.74B 59.1% |
| Bottling Investments | $308.0M 4.9% | $473.0M 6.6% | $487.0M 6.2% | $578.0M 7.4% | $496.0M 8.0% | $426.0M 7.4% |
| Asia Pacific | – | – | $2.30B 42.3% | $2.04B 37.4% | $2.15B 38.7% | $2.04B 36.2% |
| Asia Pacific | $2.13B 45.2% | $2.33B 43.9% | – | – | – | – |
| Global Ventures | -$123.0M -6.2% | $293.0M 10.4% | $185.0M 6.5% | $329.0M 10.7% | $359.0M 11.5% | – |
| Corporate | -$1.22B -2,654.3% | -$2.38B -2,803.5% | -$2.64B -2,804.3% | -$3.71B -2,940.5% | -$5.25B -5,414.4% | – |
| Eliminations | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| International | – | – | – | $29.20B 63.8% | $28.70B 61.0% · -1.7% | $28.81B 60.1% · +0.4% |
| United States | $11.28B 34.2% | $13.01B 33.7% · +15.3% | $15.41B 35.8% · +18.5% | $16.55B 36.2% · +7.4% | $18.36B 39.0% · +10.9% | $19.13B 39.9% · +4.2% |
| International | $21.73B 65.8% | $25.65B 66.3% · +18.0% | $27.59B 64.2% · +7.6% | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Concentrate operations | $24.07B 56.0% | $26.54B 58.0% · +10.3% | $27.73B 58.9% · +4.5% | $28.46B 59.4% · +2.7% |
| Finished product operations | $18.93B 44.0% | $19.22B 42.0% · +1.5% | $19.34B 41.1% · +0.6% | $19.48B 40.6% · +0.7% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.