Coca-Cola (KO) Q2 2025 earnings

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Shares of Coke have risen 13% this year, bringing its market value up to more than $300 billion.

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A 12-pack of Coca-Cola is displayed on a counter in a 7-Eleven convenient store in Austin, Texas, on July 17, 2025.
Brandon Bell | Getty Images

Coca-Cola reported its second-quarter earnings before the bell on Tuesday.

Here's what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting:

  • Adjusted earnings per share: 87 cents a share, vs. expected 83 cents
  • Adjusted revenue: $12.62 billion, vs. expected $12.54 billion

Last quarter, Coke executives warned that the company would face tough comparisons in the second quarter to last year's results, given the year-ago period was the company's strongest in 2024. However, analysts are optimistic about the company — and its stock — because of its pricing power and global reach.

Shares of Coke have risen 13% this year, bringing its market value above $300 billion.

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