• Coca-Cola reported Q2 adjusted EPS of $0.97 vs. $0.93 consensus and revenue of $13.38B vs. $13.16B expected, with net income rising to $4.43B; global unit case volume grew 5% — its biggest jump outside COVID in roughly 17 years — helped by FIFA World Cup 2026 marketing across 180+ markets (CNBC, Coca-Cola investor release).
• The company raised full-year 2026 guidance: organic revenue growth to ~5% (from 4–5%), comparable EPS growth to 9–10% (from 8–9%), and free cash flow to ~$12.4B (from ~$12.2B).
• Shares jumped ~5%, on track for KO's best session since 2009, with operating margin expanding to 34.9% (from 34.1%) and comparable operating margin to 35.6%.

I'd be happy to help, but I need to know which company you're asking about. Could you tell me the company name or ticker symbol?

Here's the Coca-Cola (KO) Q2 2026 GAAP P&L released yesterday (July 28, 2026):

The Coca-Cola Company — Consolidated Statements of Income (GAAP) In millions except per share data

Per Share: | | Q2 2026 | Q2 2025 | % Chg | |---|---:|---:|---:| | Basic EPS | $1.03 | $0.89 | 16% | | Diluted EPS | $1.03 | $0.88 | 16% | | Avg Shares Outstanding (Basic) | 4,303 | 4,304 | 0% | | Avg Shares (Diluted) | 4,313 | 4,315 | 0% |

Year-to-Date (6 Months): | | H1 2026 | H1 2025 | % Chg | |---|---:|---:|---:| | Net Operating Revenues | $25,852 | $23,664 | 9% | | Gross Profit | 16,267 | 14,787 | 10% | | Operating Income | 9,031 | 7,939 | 14% | | Net Income to Shareowners | $8,349 | $7,094 | 18% | | Diluted EPS | $1.94 | $1.65 | 18% |

Key takeaways: Revenue +7% driven by 5% unit case volume growth and 2% price/mix. Operating margins expanded 80bps to 34.9%. Below the line, a sharp drop in interest expense and a $158M jump in other income boosted pre-tax income +14%. The lower effective tax rate (18.9% vs. 20.7%) also helped, delivering 16% EPS growth to $1.03.

Here's the corrected Coca-Cola (KO) Q2 2026 GAAP P&L:

The Coca-Cola Company — Consolidated Statements of Income (GAAP) In millions except per share data

Per Share:

Year-to-Date (6 Months):

Key takeaways: Revenue +7% on 5% unit case volume growth and 2% price/mix. Gross margin expanded 50bps to 62.9%. Operating margin up 80bps to 34.9%. Below the line, interest expense fell 17%, other income jumped 74%, and the effective tax rate dropped to 18.9% (vs 20.7%). Net income to shareowners grew 16% to $4.4B, with diluted EPS of $1.03.

Here are Coca-Cola's TTM valuation multiples based on the latest four reported quarters (Q3 2025 – Q2 2026) and yesterday's close:

KO trades at 27.8x trailing earnings and 30.0x trailing free cash flow.

Loading chart...The chart shows KO's TTM P/E and TTM P/FCF since late 2022.

Both multiples compressed through 2023 into the low 20s, then expanded in 2024, peaking around Q3 2024 near 28.5x P/E and 31.7x P/FCF. They pulled back into late 2024 before climbing again through the most recent quarter to 27.8x P/E and 30.0x P/FCF — right near the upper end of the two-year range. P/FCF has consistently run 1–3 turns above P/E over this period.