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Side-by-side financial comparison of Coca-Cola Company (The) (KO) and Visa Inc. (V). Click either name above to swap in a different company.
Coca-Cola Company (The) is the larger business by last-quarter revenue ($11.8B vs $10.9B, roughly 1.1× Visa Inc.). Visa Inc. runs the higher net margin — 53.7% vs 19.2%, a 34.5% gap on every dollar of revenue. On growth, Visa Inc. posted the faster year-over-year revenue change (14.6% vs 2.4%). Visa Inc. produced more free cash flow last quarter ($6.4B vs $2.9B). Over the past eight quarters, Visa Inc.'s revenue compounded faster (11.5% CAGR vs 2.3%).
The Coca-Cola Company is an American multinational corporation founded in 1892 headquartered in Atlanta, Georgia. It manufactures, sells and markets soft drinks including Coca-Cola, other non-alcoholic beverage concentrates and syrups, and alcoholic beverages. Its stock is listed on the New York Stock Exchange and is a component of the DJIA and the S&P 500 and S&P 100 indices.
Visa Inc. is an American multinational payment card services corporation headquartered in San Francisco, California. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards.
KO vs V — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $11.8B | $10.9B |
| Net Profit | $2.3B | $5.9B |
| Gross Margin | 60.0% | — |
| Operating Margin | 15.6% | 61.8% |
| Net Margin | 19.2% | 53.7% |
| Revenue YoY | 2.4% | 14.6% |
| Net Profit YoY | 3.5% | 14.3% |
| EPS (diluted) | $0.53 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $11.8B | $10.9B | ||
| Q3 25 | $12.5B | $10.7B | ||
| Q2 25 | $12.5B | $10.2B | ||
| Q1 25 | $11.1B | $9.6B | ||
| Q4 24 | $11.5B | $9.5B | ||
| Q3 24 | $11.9B | $9.6B | ||
| Q2 24 | $12.4B | $8.9B | ||
| Q1 24 | $11.3B | $8.8B |
| Q4 25 | $2.3B | $5.9B | ||
| Q3 25 | $3.7B | $5.1B | ||
| Q2 25 | $3.8B | $5.3B | ||
| Q1 25 | $3.3B | $4.6B | ||
| Q4 24 | $2.2B | $5.1B | ||
| Q3 24 | $2.8B | $5.3B | ||
| Q2 24 | $2.4B | $4.9B | ||
| Q1 24 | $3.2B | $4.7B |
| Q4 25 | 60.0% | — | ||
| Q3 25 | 61.5% | — | ||
| Q2 25 | 62.4% | — | ||
| Q1 25 | 62.6% | — | ||
| Q4 24 | 60.0% | — | ||
| Q3 24 | 60.7% | — | ||
| Q2 24 | 61.1% | — | ||
| Q1 24 | 62.5% | — |
| Q4 25 | 15.6% | 61.8% | ||
| Q3 25 | 32.0% | 57.3% | ||
| Q2 25 | 34.1% | 60.7% | ||
| Q1 25 | 32.9% | 56.6% | ||
| Q4 24 | 23.5% | 65.6% | ||
| Q3 24 | 21.2% | 66.0% | ||
| Q2 24 | 21.3% | 66.7% | ||
| Q1 24 | 18.9% | 61.0% |
| Q4 25 | 19.2% | 53.7% | ||
| Q3 25 | 29.7% | 47.5% | ||
| Q2 25 | 30.4% | 51.8% | ||
| Q1 25 | 29.9% | 47.7% | ||
| Q4 24 | 19.0% | 53.8% | ||
| Q3 24 | 24.0% | 55.3% | ||
| Q2 24 | 19.5% | 54.7% | ||
| Q1 24 | 28.1% | 53.1% |
| Q4 25 | $0.53 | — | ||
| Q3 25 | $0.86 | — | ||
| Q2 25 | $0.88 | — | ||
| Q1 25 | $0.77 | — | ||
| Q4 24 | $0.50 | — | ||
| Q3 24 | $0.66 | — | ||
| Q2 24 | $0.56 | — | ||
| Q1 24 | $0.74 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.3B | $14.8B |
| Total DebtLower is stronger | $42.1B | — |
| Stockholders' EquityBook value | $32.2B | $38.8B |
| Total Assets | $104.8B | $96.8B |
| Debt / EquityLower = less leverage | 1.31× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.3B | $14.8B | ||
| Q3 25 | $12.7B | $17.2B | ||
| Q2 25 | $9.6B | $17.1B | ||
| Q1 25 | $8.4B | $11.7B | ||
| Q4 24 | $10.8B | $12.4B | ||
| Q3 24 | $13.9B | $12.0B | ||
| Q2 24 | $13.7B | $12.9B | ||
| Q1 24 | $10.4B | $13.0B |
| Q4 25 | $42.1B | — | ||
| Q3 25 | $43.2B | — | ||
| Q2 25 | $45.0B | — | ||
| Q1 25 | $43.5B | — | ||
| Q4 24 | $42.4B | — | ||
| Q3 24 | $43.0B | — | ||
| Q2 24 | $38.1B | — | ||
| Q1 24 | $36.5B | — |
| Q4 25 | $32.2B | $38.8B | ||
| Q3 25 | $31.2B | $37.9B | ||
| Q2 25 | $28.6B | $38.7B | ||
| Q1 25 | $26.2B | $38.0B | ||
| Q4 24 | $24.9B | $38.3B | ||
| Q3 24 | $26.5B | $39.1B | ||
| Q2 24 | $25.9B | $39.7B | ||
| Q1 24 | $26.4B | $40.5B |
| Q4 25 | $104.8B | $96.8B | ||
| Q3 25 | $106.0B | $99.6B | ||
| Q2 25 | $104.3B | $100.0B | ||
| Q1 25 | $101.7B | $92.9B | ||
| Q4 24 | $100.5B | $91.9B | ||
| Q3 24 | $106.3B | $94.5B | ||
| Q2 24 | $101.2B | $91.0B | ||
| Q1 24 | $99.4B | $92.4B |
| Q4 25 | 1.31× | — | ||
| Q3 25 | 1.38× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 1.66× | — | ||
| Q4 24 | 1.70× | — | ||
| Q3 24 | 1.62× | — | ||
| Q2 24 | 1.47× | — | ||
| Q1 24 | 1.38× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.8B | $6.8B |
| Free Cash FlowOCF − Capex | $2.9B | $6.4B |
| FCF MarginFCF / Revenue | 24.3% | 58.7% |
| Capex IntensityCapex / Revenue | 7.5% | 3.5% |
| Cash ConversionOCF / Net Profit | 1.65× | 1.16× |
| TTM Free Cash FlowTrailing 4 quarters | $5.3B | $22.9B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.8B | $6.8B | ||
| Q3 25 | $5.0B | $6.2B | ||
| Q2 25 | $3.8B | $6.7B | ||
| Q1 25 | $-5.2B | $4.7B | ||
| Q4 24 | $4.0B | $5.4B | ||
| Q3 24 | $-1.3B | $6.7B | ||
| Q2 24 | $3.6B | $5.1B | ||
| Q1 24 | $528.0M | $4.5B |
| Q4 25 | $2.9B | $6.4B | ||
| Q3 25 | $4.6B | $5.8B | ||
| Q2 25 | $3.4B | $6.3B | ||
| Q1 25 | $-5.5B | $4.4B | ||
| Q4 24 | $3.1B | $5.1B | ||
| Q3 24 | $-1.7B | $6.4B | ||
| Q2 24 | $3.2B | $4.7B | ||
| Q1 24 | $158.0M | $4.3B |
| Q4 25 | 24.3% | 58.7% | ||
| Q3 25 | 36.6% | 54.5% | ||
| Q2 25 | 26.9% | 62.0% | ||
| Q1 25 | -49.5% | 45.5% | ||
| Q4 24 | 27.3% | 53.1% | ||
| Q3 24 | -14.6% | 66.1% | ||
| Q2 24 | 25.6% | 53.2% | ||
| Q1 24 | 1.4% | 48.5% |
| Q4 25 | 7.5% | 3.5% | ||
| Q3 25 | 3.8% | 3.6% | ||
| Q2 25 | 3.5% | 4.1% | ||
| Q1 25 | 2.8% | 3.4% | ||
| Q4 24 | 7.0% | 3.6% | ||
| Q3 24 | 4.0% | 3.2% | ||
| Q2 24 | 3.4% | 4.5% | ||
| Q1 24 | 3.3% | 3.2% |
| Q4 25 | 1.65× | 1.16× | ||
| Q3 25 | 1.36× | 1.23× | ||
| Q2 25 | 1.00× | 1.28× | ||
| Q1 25 | -1.56× | 1.03× | ||
| Q4 24 | 1.80× | 1.05× | ||
| Q3 24 | -0.44× | 1.25× | ||
| Q2 24 | 1.49× | 1.05× | ||
| Q1 24 | 0.17× | 0.97× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KO
| Other | $7.0B | 59% |
| Finished Product Operations | $2.4B | 21% |
| Concentrate Operations | $2.4B | 20% |
V
| Data Processing Revenues | $5.5B | 51% |
| International Transaction Revenues | $3.7B | 34% |
| Service Other | $1.2B | 11% |
| Other | $491.0M | 5% |
