Coca-Cola Reports Q2 Revenue of $13.4 Billion and Raises Guidance

The Coca-Cola Company reported strong financial results for the second quarter of 2026, ending July 3, with net revenue reaching $13.4 billion and adjusted earnings per share (EPS) of $0.97. Both figures exceeded Wall Street analyst estimates.

Growth was driven largely by the World Cup, where the company utilized hydration breaks during matches to create advertising opportunities for Powerade and its flagship drink. Following these results, management increased its adjusted EPS growth guidance to between 9% and 10%, an upgrade from previous forecasts.

The company also maintained its streak of raising dividend payouts for 64 consecutive years. Supported by $6.9 billion in free cash flow over the previous six months, the current dividend yield stands at 2.4%. As of July 29, 2026, the company's share price had increased by 26% for the year.