Coca-Cola beats Q2 with 7% revenue growth, 16% EPS gain, raises full-year guidance

Filed July 28, 2026 · Period ending July 28, 2026 · ~1 min read

Key Changes

• high

  Q2 net revenues grew 7% to $13.4B with 5% volume growth; diluted EPS rose 16% to $1.03, operating margin expanded to 34.9% from 34.1%

  Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →
• high

  Raised FY 2026 guidance: organic revenue growth to ~5% (from 4-5%), comparable EPS growth to 9-10% (from 8-9%), free cash flow to ~$12.4B (from $12.2B)

  Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →
• medium

  FIFA World Cup 2026 campaign generated 60B+ impressions across 180+ markets, contributed to 5% Trademark Coca-Cola volume growth and 8% Powerade growth

  Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →