How Coca-Cola makes money

Period

FY2025

How does Coca-Cola make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Coca-Cola Company · FY2025 · year ended 2025-12-31

Revenue$47.9BGross profit$29.5B · 62%Cost of revenue$18.4B · 38%Operating income$13.8B · 29%Operating expenses$15.8B · 33%SG&A$14.5B · 30%Other opex$1.3B · 3%Pre-tax income$16.0B · 33%Other income$2.2B · 5%Net income$13.1B · 27%Income tax$2.9B · 6%Concentrate Operations$28.5B · 59%Finished Product Operations$19.5B · 41%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.