# Coca-Cola Q3 2026 Earnings Boost

> Coca-Cola reports 7% organic revenue growth and 5% unit case volume rise in Q3 2026.
- Title: Coca-Cola Q3 2026 Earnings Boost · The Motley Fool | Shortify
- Summary: Coca-Cola reports 7% organic revenue growth and 5% unit case volume rise in Q3 2026. Coca-Cola's Q3 2026 earnings show 7% organic revenue growth and 5% unit…
- Keywords: coca cola, q3 2026, earnings call, organic revenue, unit case volume, price mix, operating margin, free cash flow, ccba, refranchising, finance, money
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/27/coca-cola-ko-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-27T15:39:21+00:00
- Read time: 2 min
- Topics: coca cola, q3 2026, earnings call, organic revenue, unit case volume, price mix, operating margin, free cash flow, ccba, refranchising, finance, money
## Q3 2026 Results
Coca-Cola reported 7% organic revenue growth and 5% unit case volume increase in Q3 2026.
## Net Revenues
Net revenues reached $13.4 billion, a 7% increase driven by higher concentrate sales and pricing actions.
## Organic Revenues
Organic revenues grew 7% reflecting 7% concentrate sales growth and 1% price/mix improvement.
## Unit Case Volume
Unit case volume grew 5% led by strong performance in India, China, Mexico, and Brazil.
## Comparable EPS
Comparable EPS rose to $0.91, an 11% increase including a two-point currency tailwind benefit.
## Concentrate Sales
Concentrate sales grew 7% two points ahead of unit case volume due to shipment timing.
## Price/Mix
Price/mix grew 1% from four points of pricing offset by three points of unfavorable mix.
## Operating Margin
Comparable operating margin expanded to 32.9% versus 31.9% last year.
## Gross Margin
Comparable gross margin increased approximately 170 basis points driven by organic revenue growth.
## Free Cash Flow
Free cash flow reached $11.4 billion year to date, an increase supported by business performance.
## Net Debt Leverage
Net debt leverage remains at 1.3 times EBITDA below the company's target range of 2 to 2.5 times.
## Full Year 2026 Guidance
Full year 2026 organic revenue guidance is at least 5% growth including slight destocking effects.
## Full Year 2026 EPS Guidance
Full year 2026 comparable EPS guidance is at least 11% growth versus $3 in 2025.
## Full Year 2026 Free Cash Flow Guidance
Full year 2026 free cash flow guidance is at least $13 billion with $15.2 billion operations and $2.2 billion capital expenditures.
## North America Performance
North America revenue grew 3% to $5.4 billion with unit case volume even due to July 4 holiday timing.
## Latin America Performance
Latin America revenue grew 25% to $2 billion with unit case volume up 6% in Brazil and Mexico.
## Key takeaway

Coca-Cola's Q3 2026 earnings show 7% organic revenue growth and 5% unit case volume increase with strong emerging markets performance.