The Coca-Cola Company reported a 7% rise in net revenues to $13.4 billion for the third quarter ended October 2, 2026. Global unit case volume grew 5%, led by India, China, Mexico and Brazil. Operating income increased 12%, and operating margin widened to 33.4% from 32% a year earlier. Organic revenues rose 7%, supported by a 7% increase in concentrate sales and 1% growth in price/mix.
India was among the markets driving the quarter’s volume growth and also contributed to an 8% rise in unit case volume in the Bottling Investments segment. Asia Pacific volume grew 6%, with India and China supporting the region, while the company gained value share led by Japan and Vietnam. Home-grown brand Maaza, along with fairlife and Minute Maid, helped offset the impact of the Nigeria finished product operations sale, though the juice, value-added dairy and plant-based category stayed flat.
Latin America posted the strongest growth, with net revenues up 25% and volume up 6%. EMEA revenues rose 4%, though value share declined. North America revenues grew 3% with flat volume. Sparkling soft drinks grew 5%, Coca-Cola Zero Sugar rose 16%, and water gained 8%, while sports drinks fell 3%.
Year-to-date free cash flow stands at $11.4 billion. Coca-Cola now expects organic revenue growth of at least 5%, EPS growth of at least 11% (earlier 9–10%), and free cash flow of at least $13 billion.
