Direct Answer
Coca-Cola Company (The) reports revenue across 5 business segments in its fiscal 2025 Form 10-K. North America is the largest, with $19.6 billion of revenue (41% of the total), followed by Europe Middle East Africa at $11.5 billion (24%). 40% of revenue came from the United States.
How Does Coca-Cola Company (The) Make Money?
No single line supplies a majority of revenue: the largest, North America, is 41%, which spreads Coca-Cola Company (The)'s exposure across several demand drivers. Between fiscal 2024 and 2025, Europe Middle East Africa grew fastest (+5.1%) and Bottling Investments slowest (-7.8%), so the revenue mix tilts toward Europe Middle East Africa while that gap lasts.
| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| North America | $19.6 billion | $18.9 billion | 40.9% | 3.8% |
| Europe Middle East Africa | $11.5 billion | $11.0 billion | 24.0% | 5.1% |
| Latin America | $6.3 billion | $6.5 billion | 13.2% | -2.1% |
| Bottling Investments | $5.7 billion | $6.2 billion | 12.0% | -7.8% |
| A.Pacific | $5.6 billion | $5.6 billion | 11.8% | 0.8% |
Which Coca-Cola Company (The) Segments Earn the Most?
| Segment | FY2025 segment operating income | Segment margin |
|---|---|---|
| North America | $5.1 billion | 25.9% |
| Europe Middle East Africa | $4.3 billion | 37.3% |
| Latin America | $3.7 billion | 59.1% |
| Bottling Investments | $426 million | 7.4% |
| A.Pacific | $2.0 billion | 36.2% |
Segment operating income is the profit measure Coca-Cola Company (The) reports to its chief operating decision maker for each segment. It usually leaves out corporate costs that are not allocated to a segment, so the segments usually add up to more than consolidated operating income, and margins are comparable within Coca-Cola Company (The) more safely than against another company.
What Does Coca-Cola Company (The) Sell?
Coca-Cola Company (The) also breaks revenue down by product and service line, which shows what customers pay for rather than how management organizes the business.
| Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Concentrate Operations | $28.5 billion | $27.7 billion | 59.4% | 2.7% |
| Finished Product Operations | $19.5 billion | $19.3 billion | 40.6% | 0.7% |
Where Does Coca-Cola Company (The)'s Revenue Come From?
Regions follow the definitions in the filing; most companies assign revenue by customer location.
| Region | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Outside the United States | $28.8 billion | $28.7 billion | 60.1% | 0.4% |
| United States | $19.1 billion | $18.4 billion | 39.9% | 4.2% |
What the Segment Figures Do Not Show
The rows above add up to 102% of Coca-Cola Company (The)'s reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.
Where These Numbers Come From
Every figure on this page is a value Coca-Cola Company (The) reported in the segment note and revenue disclosures of its Form 10-K filed February 20, 2026 (accession 0001628280-26-010047), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.
Frequently Asked Questions
What are Coca-Cola Company (The)'s business segments?
In its fiscal 2025 Form 10-K, Coca-Cola Company (The) reports revenue for North America, Europe Middle East Africa, Latin America, Bottling Investments and A.Pacific.
Which part of Coca-Cola Company (The) brings in the most revenue?
North America, with $19.6 billion of revenue in fiscal 2025, or 41% of the total.
How much of Coca-Cola Company (The)'s revenue comes from outside the United States?
60% in fiscal 2025, by the geographic breakdown Coca-Cola Company (The) reports in its Form 10-K. Companies assign revenue to regions differently (customer location, shipping address or selling entity), so check the filing's definition before comparing companies.