Coca-Cola Q4 EPS Rises 11% as Revenues Climb 2%; 2026 Growth Forecast
Currency-neutral EPS rose 11% year over year in Q4 while revenues grew 2% and organic sales increased 5%, led by a 10% gain in Latin America. North America net operating revenues hit $4.94 billion, topping estimates, as management forecasts 2026 organic revenue growth of 4–5% and EPS growth of 5–6%.
1. Fourth-Quarter Performance
The Coca-Cola Company’s fourth-quarter 2025 results showed currency-neutral EPS growth of 11% and total revenues up 2% year over year, with organic revenues climbing 5%. EPS outpaced estimates, reflecting effective pricing strategies and resilient demand across its beverage portfolio.
2. Regional Organic Growth
Organic revenues rose 5% overall, driven by a 10% increase in Latin America, 6% in EMEA, 5% in Asia Pacific and 4% in North America, while Bottling Investments advanced 1%. These gains highlight the impact of strategic revenue-growth management and affordability initiatives.
3. Segment Revenues vs Estimates
North America net operating revenues reached $4.94 billion, surpassing forecasts, and Latin America generated $1.697 billion versus $1.695 billion estimates. EMEA, Asia Pacific and Bottling Investments recorded $2.68 billion, $1.14 billion and $1.52 billion, respectively, falling short of projections.
4. 2026 Outlook and Valuation
Management projects 2026 organic revenue growth of 4–5% and currency-neutral EPS growth of 5–6%, driven by innovation, portfolio diversification and healthier offerings. Shares have gained 13.8% over six months and trade at a forward P/E of 24.2x versus the industry’s 20.1x.