The Coca-Cola Company stock research
FY2025 Q4
The Coca-Cola (KO) Gross Margin — Quarter Ended Dec 31, 2025
Revenue and gross profit both decreased from the prior quarter, while cost of revenue declined at a slower pace, resulting in a lower gross margin. Compared to the same quarter one year earlier, revenue and gross profit were higher, cost of revenue was higher, and gross margin was stable.
Gross margin takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue and gross profit both decreased from the prior quarter, while cost of revenue declined at a slower pace, resulting in a lower gross margin. Compared to the same quarter one year earlier, revenue and gross profit were higher, cost of revenue was higher, and gross margin was stable.
- The gross margin weakened sequentially as the decline in gross profit outpaced the reduction in cost of revenue. Year-over-year, the margin was unchanged, indicating a stable relationship between revenue and cost of revenue over the longer term.
- Compared to the immediately preceding quarter, revenue and gross profit were lower, cost of revenue was slightly lower, and gross margin weakened. Compared to the same quarter one year earlier, revenue and gross profit were higher, cost of revenue was higher, and gross margin was unchanged.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
60.0%
Gross profit
$7.1B
Revenue
$11.8B
Cost of revenue
$4.7B
Quarter-over-quarter change
-1.4 pts
Year-over-year change
+0.0 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 28, 2025 | $11.1B | $7.0B | $4.2B | 62.6% |
| Jun 27, 2025 | $12.5B | $7.8B | $4.7B | 62.4% |
| Sep 26, 2025 | $12.5B | $7.7B | $4.8B | 61.5% |
| Dec 31, 2025 | $11.8B | $7.1B | $4.7B | 60.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 26, 2025
-1.4 pts
Year-over-year change
Dec 31, 2024
+0.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin weakened sequentially as the decline in gross profit outpaced the reduction in cost of revenue. Year-over-year, the margin was unchanged, indicating a stable relationship between revenue and cost of revenue over the longer term.
Compared to the immediately preceding quarter, revenue and gross profit were lower, cost of revenue was slightly lower, and gross margin weakened. Compared to the same quarter one year earlier, revenue and gross profit were higher, cost of revenue was higher, and gross margin was unchanged.
Monitor whether the sequential decline in gross profit relative to cost of revenue persists in the next quarter.