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Coca-Cola’s profit jumps in the 1st quarter, beats expectations, revenue reaches $12.472 billion

Published on 28/04/2026 at 19:30
Updated on 28/04/2026 at 19:31
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Coca-Cola’s profit surpassed estimates in the first quarter of 2026, with an 18% increase in net income, 12% growth in net revenue, global volume expansion, and positive performance in regions like Latin America and North America.

Coca-Cola’s profit attributable to shareholders reached US$3.924 billion in the first quarter of 2026, up 18% from the same period last year. The performance was accompanied by revenue above expectations and a positive stock reaction in the New York pre-market.

The company reported diluted earnings per share of US$0.91, above the US$0.77 observed a year earlier. The expectation of analysts surveyed by FactSet was US$0.81 per share, below the result released by the company.

Coca-Cola’s Profit Exceeds Estimates in the 1st Quarter

Coca-Cola’s net revenue increased by 12% in the quarter and reached US$12.472 billion. The figure also surpassed FactSet’s projections, which indicated US$12.24 billion for the period.

In addition to net revenue, organic revenue grew by 10% in the first quarter. The performance reinforced the positive reading of the balance sheet, which combined profit growth, revenue expansion, and volume growth in different markets.

Coca-Cola’s profit was also accompanied by an improvement in the company’s margins. The operating margin rose from 32.9% to 35%, while the comparable operating margin went from 33.8% to 34.5%.

Operating profit increased by 19% and reached US$4.359 billion. This result put another financial indicator on the rise in the company’s quarterly balance sheet.

Global volume grows with a boost from China, the United States, and India

The global unit case volume expanded by 3% in the first quarter. The growth was mainly driven by China, the United States, and India, three key markets in the company’s operational performance.

Among product categories, sparkling soft drinks grew by 2% in the period. The highlight was Coca-Cola Zero Sugar, which saw a 13% increase across all geographic regions.

Water, sports drinks, coffee, and tea also recorded growth in the quarter. This group of categories grew by 5%, expanding the contribution of different beverage lines to the company’s results.

The set of numbers helps explain the jump in Coca-Cola’s profit during the period. The combination of higher revenue, rising volumes, and margin improvement sustained the above-expectations performance in the first quarter of 2026.

Latin America sees revenue increase and growth in operating profit

In Latin America, Coca-Cola recorded a 14% increase in net revenue. The region’s operating profit grew by 15%, while volume increased by 1% in the quarter.

The company highlighted market share gains in Argentina and Brazil. In the Brazilian market, Sprite had double-digit volume growth, driven by actions related to Carnival and summer festivals.

North America also showed a positive result in the period. The region’s revenue increased by 12%, while operating profit grew by 20%.

In Asia-Pacific, the scenario was different. Revenue rose by 6%, but operating profit fell by 14%, pressured by higher input costs and marketing investments.

2026 Outlook Maintained for Organic Revenue

Coca-Cola maintained its organic revenue growth forecast of between 4% and 5% for 2026. The company, however, raised its forecast for comparable earnings per share, now expecting an expansion of 8% to 9%.

The company also estimates 6% to 7% growth in earnings per share on a currency-neutral basis, excluding acquisitions and divestitures. The revision reinforces the outlook for an increase in profit indicators throughout the year.

The market reaction was already apparent in the New York pre-market. At 8:24 a.m. Brasília time, Coca-Cola’s shares were up 2.49%.

With a net income of US$3.924 billion, revenue of US$12.472 billion, and a global increase in volumes, Coca-Cola’s profit ended the first quarter of 2026 above expectations. The balance sheet brought together growth in financial results, strength in strategic markets, and an improvement in the comparable earnings per share projections for the year.

With information from CNN Brasil

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Fabio Lucas Carvalho

Jornalista especializado em uma ampla variedade de temas, como carros, tecnologia, política, indústria naval, geopolítica, energia renovável e economia. Atuo desde 2015 com publicações de destaque em grandes portais de notícias. Minha formação em Gestão em Tecnologia da Informação pela Faculdade de Petrolina (Facape) agrega uma perspectiva técnica única às minhas análises e reportagens. Com mais de 10 mil artigos publicados em veículos de renome, busco sempre trazer informações detalhadas e percepções relevantes para o leitor.

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