Coca-Cola Company return on equity (ROE)What is return on equity (ROE)? Return on equity (ROE) is a year of net income divided by shareholders' equity: the profit a company makes on each dollar its owners have in it.
Coca-Cola Company's return on equity is 39.54%: net income of 14.78B USD over the last twelve months on shareholders' equity of 37.37B USD.
- Today
- 39.54%
- Average, 5 years
- 41.09%
- Low, 5 years
- 39.22%
- High, 5 years
- 43.70%
ROE (return on equity) = net income (last 12 months) ÷ shareholders' equity = 14.78B ÷ 37.37B = 39.54%
Each quarter's net income over its last four quarters, over the shareholders' equity at the quarter end.
Why is Coca-Cola Company's return on equity so high?What is DuPont analysis? DuPont analysis splits return on equity into three parts: profit margin, asset turnover and the equity multiplier. It shows whether a high ROE comes from profits, from using assets well, or from debt.
- FY202527.3% × 0.46 × 3.26 = 40.7%
- FY202422.6% × 0.47 × 4.05 = 42.8%
- FY202323.4% × 0.47 × 3.77 = 41.3%
- FY202222.2% × 0.46 × 3.85 = 39.6%
- FY202125.3% × 0.41 × 4.10 = 42.5%
The DuPont breakdown, on each year-end's assets and equity, as the return on equity elsewhere on this page. A high equity multiplier means a small equity base: debt, or buybacks that return the equity to shareholders, lift the return on what is left.
ROE (return on equity) by year and by quarter
| Fiscal year | Period ending | ROE (return on equity) | Net income | Shareholders' equity |
|---|---|---|---|---|
| Today | 39.54% | 14.78B | 37.37B | |
| FY2025 | 31 Dec 2025 | 40.84% | 13.14B | 32.17B |
| FY2024 | 31 Dec 2024 | 42.77% | 10.63B | 24.86B |
| FY2023 | 31 Dec 2023 | 41.30% | 10.71B | 25.94B |
| FY2022 | 31 Dec 2022 | 39.71% | 9.57B | 24.11B |
| FY2021 | 31 Dec 2021 | 42.63% | 9.80B | 23.00B |
| FY2020 | 31 Dec 2020 | 40.25% | 7.77B | 19.30B |
| FY2019 | 31 Dec 2019 | 47.34% | 8.99B | 18.98B |
| FY2018 | 31 Dec 2018 | 38.14% | 6.48B | 16.98B |
| FY2017 | 31 Dec 2017 | 6.92% | 1.18B | 17.07B |
| FY2016 | 31 Dec 2016 | 28.40% | 6.55B | 23.06B |
| FY2015 | 31 Dec 2015 | 28.83% | 7.37B | 25.55B |
| FY2014 | 31 Dec 2014 | 23.50% | 7.12B | 30.32B |
| FY2013 | 31 Dec 2013 | 26.00% | 8.63B | 33.17B |
| FY2012 | 31 Dec 2012 | 27.71% | 9.09B | 32.79B |
| FY2011 | 31 Dec 2011 | 27.29% | 8.63B | 31.64B |
| FY2010 | 31 Dec 2010 | 38.25% | 11.86B | 31.00B |
| FY2009 | 31 Dec 2009 | 27.85% | 6.91B | 24.80B |
| FY2008 | 31 Dec 2008 | 28.37% | 5.81B | 20.47B |
| FY2007 | 31 Dec 2007 | 27.51% | 5.98B | 21.74B |
| FY2006 | 31 Dec 2006 | 30.02% | 5.08B | 16.92B |
| FY2005 | 31 Dec 2005 | 29.79% | 4.87B | 16.36B |
| FY2004 | 31 Dec 2004 | 30.42% | 4.85B | 15.94B |
| FY2003 | 31 Dec 2003 | 30.85% | 4.35B | 14.09B |
| FY2002 | 31 Dec 2002 | 25.85% | 3.05B | 11.80B |
| FY2001 | 31 Dec 2001 | 34.92% | 3.97B | 11.37B |
| FY2000 | 31 Dec 2000 | 23.37% | 2.18B | 9.32B |
| FY1999 | 31 Dec 1999 | 25.55% | 2.43B | 9.51B |
| FY1998 | 31 Dec 1998 | 42.04% | 3.53B | 8.40B |
| FY1997 | 31 Dec 1997 | 56.48% | 4.13B | 7.31B |
| FY1996 | 31 Dec 1996 | 56.73% | 3.49B | 6.16B |
| FY1995 | 31 Dec 1995 | 55.38% | 2.99B | 5.39B |
| FY1994 | 31 Dec 1994 | 48.79% | 2.55B | 5.24B |
| FY1993 | 31 Dec 1993 | 47.73% | 2.19B | 4.58B |
| FY1992 | 31 Dec 1992 | 48.45% | 1.88B | 3.89B |
| FY1991 | 31 Dec 1991 | 36.56% | 1.62B | 4.43B |
| FY1990 | 31 Dec 1990 | 35.90% | 1.38B | 3.85B |
| FY1989 | 31 Dec 1989 | 34.84% | 1.21B | 3.49B |
| FY1988 | 31 Dec 1988 | 34.31% | 1.04B | 3.05B |
| FY1987 | 31 Dec 1987 | 28.42% | 916.10M | 3.22B |
| FY1986 | 31 Dec 1986 | 26.58% | 934.30M | 3.52B |
| FY1985 | 31 Dec 1985 | 24.25% | 722.30M | 2.98B |
| Quarter | Period ending | ROE (return on equity) | Net income | Shareholders' equity |
|---|---|---|---|---|
| Q3 FY2026 | 2 Oct 2026 | 39.54% | 14.78B | 37.37B |
| Q2 FY2026 | 3 Jul 2026 | 39.84% | 14.40B | 36.15B |
| Q1 FY2026 | 3 Apr 2026 | 40.94% | 13.77B | 33.63B |
| Q4 FY2025 | 31 Dec 2025 | 40.84% | 13.14B | 32.17B |
| Q3 FY2025 | 26 Sept 2025 | 41.66% | 13.02B | 31.25B |
| Q2 FY2025 | 27 Jun 2025 | 42.61% | 12.18B | 28.59B |
| Q1 FY2025 | 28 Mar 2025 | 41.18% | 10.79B | 26.20B |
| Q4 FY2024 | 31 Dec 2024 | 42.80% | 10.64B | 24.86B |
| Q3 FY2024 | 27 Sept 2024 | 39.28% | 10.42B | 26.52B |
| Q2 FY2024 | 28 Jun 2024 | 41.20% | 10.65B | 25.85B |
| Q1 FY2024 | 29 Mar 2024 | 40.72% | 10.76B | 26.43B |
| Q4 FY2023 | 31 Dec 2023 | 41.21% | 10.69B | 25.94B |
| Q3 FY2023 | 29 Sept 2023 | 40.92% | 10.77B | 26.33B |
| Q2 FY2023 | 30 Jun 2023 | 40.41% | 10.51B | 26.01B |
| Q1 FY2023 | 31 Mar 2023 | 39.22% | 9.89B | 25.22B |
| Q4 FY2022 | 31 Dec 2022 | 39.71% | 9.57B | 24.11B |
| Q3 FY2022 | 30 Sept 2022 | 43.70% | 9.97B | 22.81B |
| Q2 FY2022 | 1 Jul 2022 | 41.81% | 9.62B | 23.01B |
| Q1 FY2022 | 1 Apr 2022 | 41.63% | 10.34B | 24.85B |
| Q4 FY2021 | 31 Dec 2021 | 42.63% | 9.80B | 23.00B |
| Q3 FY2021 | 1 Oct 2021 | 39.80% | 8.83B | 22.18B |
| Q2 FY2021 | 2 Jul 2021 | 36.37% | 8.09B | 22.25B |
| Q1 FY2021 | 2 Apr 2021 | 35.51% | 7.23B | 20.36B |
| Q4 FY2020 | 31 Dec 2020 | 40.25% | 7.77B | 19.30B |
| Q3 FY2020 | 25 Sept 2020 | 44.92% | 8.36B | 18.61B |
| Q2 FY2020 | 26 Jun 2020 | 52.67% | 9.21B | 17.48B |
| Q1 FY2020 | 27 Mar 2020 | 55.81% | 10.13B | 18.16B |
| Q4 FY2019 | 31 Dec 2019 | 47.34% | 8.99B | 18.98B |
| Q3 FY2019 | 27 Sept 2019 | 41.21% | 7.71B | 18.71B |
| Q2 FY2019 | 28 Jun 2019 | 40.93% | 7.44B | 18.18B |
| Q1 FY2019 | 29 Mar 2019 | 39.73% | 7.05B | 17.74B |
| Q4 FY2018 | 31 Dec 2018 | 39.61% | 6.73B | 16.98B |
| Q3 FY2018 | 28 Sept 2018 | 17.07% | 3.12B | 18.26B |
| Q2 FY2018 | 29 Jun 2018 | 12.24% | 2.24B | 18.32B |
| Q1 FY2018 | 30 Mar 2018 | 6.76% | 1.33B | 19.61B |
| Q4 FY2017 | 31 Dec 2017 | 6.92% | 1.18B | 17.07B |
| Q3 FY2017 | 29 Sept 2017 | 20.56% | 4.55B | 22.12B |
| Q2 FY2017 | 30 Jun 2017 | 18.88% | 4.15B | 22.00B |
| Q1 FY2017 | 31 Mar 2017 | 27.28% | 6.24B | 22.88B |
| Q4 FY2016 | 31 Dec 2016 | 28.40% | 6.55B | 23.06B |
| Q3 FY2016 | 30 Sept 2016 | 27.76% | 7.24B | 26.08B |
| Q2 FY2016 | 1 Jul 2016 | 28.69% | 7.64B | 26.64B |
| Q1 FY2016 | 1 Apr 2016 | 29.27% | 7.29B | 24.91B |
| Q4 FY2015 | 31 Dec 2015 | 28.83% | 7.37B | 25.55B |
| Q3 FY2015 | 2 Oct 2015 | 26.49% | 6.90B | 26.05B |
| Q2 FY2015 | 3 Jul 2015 | 26.64% | 7.57B | 28.42B |
| Q1 FY2015 | 3 Apr 2015 | 24.50% | 7.06B | 28.84B |
| Q4 FY2014 | 31 Dec 2014 | 23.50% | 7.12B | 30.32B |
| Q3 FY2014 | 26 Sept 2014 | 24.11% | 8.06B | 33.43B |
| Q2 FY2014 | 27 Jun 2014 | 24.64% | 8.39B | 34.07B |
| Q1 FY2014 | 28 Mar 2014 | 25.98% | 8.48B | 32.65B |
| Q4 FY2013 | 31 Dec 2013 | 26.00% | 8.63B | 33.17B |
| Q3 FY2013 | 27 Sept 2013 | 27.41% | 8.81B | 32.13B |
| Q2 FY2013 | 28 Jun 2013 | 26.94% | 8.68B | 32.22B |
| Q1 FY2013 | 29 Mar 2013 | 27.06% | 8.79B | 32.48B |
| Q4 FY2012 | 31 Dec 2012 | 27.71% | 9.09B | 32.79B |
| Q3 FY2012 | 28 Sept 2012 | 26.71% | 8.87B | 33.21B |
| Q2 FY2012 | 29 Jun 2012 | 27.22% | 8.78B | 32.27B |
| Q1 FY2012 | 30 Mar 2012 | 26.78% | 8.79B | 32.82B |
| Q4 FY2011 | 31 Dec 2011 | 27.29% | 8.63B | 31.64B |
| Q3 FY2011 | 30 Sept 2011 | 38.38% | 12.74B | 33.21B |
| Q2 FY2011 | 1 Jul 2011 | 35.76% | 12.57B | 35.14B |
| Q1 FY2011 | 1 Apr 2011 | 37.63% | 12.15B | 32.28B |
| Q4 FY2010 | 31 Dec 2010 | 38.25% | 11.86B | 31.00B |
| Q3 FY2010 | 1 Oct 2010 | 27.42% | 7.65B | 27.91B |
| Q2 FY2010 | 2 Jul 2010 | 29.41% | 7.51B | 25.52B |
| Q1 FY2010 | 2 Apr 2010 | 28.84% | 7.17B | 24.87B |
| Q4 FY2009 | 31 Dec 2009 | 27.85% | 6.91B | 24.80B |
| Q3 FY2009 | 2 Oct 2009 | 26.40% | 6.32B | 23.96B |
| Q2 FY2009 | 3 Jul 2009 | 27.27% | 6.29B | 23.08B |
| Q1 FY2009 | 31 Mar 2009 | 27.36% | 5.67B | 20.71B |
| Q4 FY2008 | 31 Dec 2008 | 28.37% | 5.81B | 20.47B |
| Q3 FY2008 | 26 Sept 2008 | 25.38% | 6.03B | 23.75B |
| Q2 FY2008 | 27 Jun 2008 | 24.98% | 5.79B | 23.18B |
| Q1 FY2008 | 28 Mar 2008 | 27.00% | 6.22B | 23.03B |
| Q4 FY2007 | 31 Dec 2007 | 27.51% | 5.98B | 21.74B |
| Q3 FY2007 | 28 Sept 2007 | 27.68% | 5.45B | 19.67B |
| Q2 FY2007 | 29 Jun 2007 | 27.68% | 5.25B | 18.97B |
| Q1 FY2007 | 30 Mar 2007 | 30.42% | 5.24B | 17.21B |
| Q4 FY2006 | 31 Dec 2006 | 30.02% | 5.08B | 16.92B |
| Q3 FY2006 | 29 Sept 2006 | 29.26% | 5.27B | 18.00B |
| Q2 FY2006 | 30 Jun 2006 | 29.72% | 5.09B | 17.12B |
| Q1 FY2006 | 31 Mar 2006 | 30.33% | 4.98B | 16.41B |
| Q4 FY2005 | 31 Dec 2005 | 29.79% | 4.87B | 16.36B |
| Q3 FY2005 | 30 Sept 2005 | 31.52% | 5.21B | 16.53B |
| Q2 FY2005 | 1 Jul 2005 | 29.74% | 4.86B | 16.34B |
| Q1 FY2005 | 31 Mar 2005 | 28.60% | 4.72B | 16.51B |
| Q4 FY2004 | 31 Dec 2004 | 30.42% | 4.85B | 15.94B |
| Q3 FY2004 | 30 Sept 2004 | 30.58% | 4.57B | 14.95B |
| Q2 FY2004 | 30 Jun 2004 | 32.40% | 4.86B | 15.00B |
| Q1 FY2004 | 31 Mar 2004 | 31.64% | 4.64B | 14.66B |
| Q4 FY2003 | 31 Dec 2003 | 30.85% | 4.35B | 14.09B |
| Q3 FY2003 | 30 Sept 2003 | 30.64% | 4.14B | 13.53B |
| Q2 FY2003 | 30 Jun 2003 | 30.16% | 4.08B | 13.53B |
| Q1 FY2003 | 31 Mar 2003 | 33.04% | 4.01B | 12.14B |
| Q4 FY2002 | 31 Dec 2002 | 25.85% | 3.05B | 11.80B |
| Q3 FY2002 | 30 Sept 2002 | 27.90% | 3.24B | 11.61B |
| Q2 FY2002 | 30 Jun 2002 | 27.78% | 3.15B | 11.35B |
| Q1 FY2002 | 31 Mar 2002 | 28.31% | 2.98B | 10.53B |
| Q4 FY2001 | 31 Dec 2001 | 34.92% | 3.97B | 11.37B |
| Q3 FY2001 | 30 Sept 2001 | 29.75% | 3.30B | 11.08B |
| Q2 FY2001 | 30 Jun 2001 | 31.61% | 3.29B | 10.41B |
| Q1 FY2001 | 31 Mar 2001 | 30.98% | 3.10B | 10.00B |
| Q4 FY2000 | 31 Dec 2000 | 23.37% | 2.18B | 9.32B |
| Q3 FY2000 | 30 Sept 2000 | 19.19% | 1.89B | 9.85B |
| Q2 FY2000 | 30 Jun 2000 | 17.53% | 1.61B | 9.18B |
| Q1 FY2000 | 31 Mar 2000 | 18.27% | 1.63B | 8.90B |
| Q4 FY1999 | 31 Dec 1999 | 25.55% | 2.43B | 9.51B |
| Q3 FY1999 | 30 Sept 1999 | 32.46% | 3.07B | 9.47B |
| Q2 FY1999 | 30 Jun 1999 | 34.98% | 3.17B | 9.07B |
| Q1 FY1999 | 31 Mar 1999 | 40.33% | 3.42B | 8.49B |
| Q4 FY1998 | 31 Dec 1998 | 42.04% | 3.53B | 8.40B |
| Q3 FY1998 | 30 Sept 1998 | 47.74% | 3.75B | 7.86B |
| Q2 FY1998 | 30 Jun 1998 | 48.54% | 3.88B | 7.99B |
| Q1 FY1998 | 31 Mar 1998 | 52.35% | 4.00B | 7.64B |
| Q4 FY1997 | 31 Dec 1997 | 56.48% | 4.13B | 7.31B |
| Q3 FY1997 | 30 Sept 1997 | 55.95% | 4.07B | 7.28B |
| Q2 FY1997 | 30 Jun 1997 | 55.48% | 4.03B | 7.26B |
| Q1 FY1997 | 31 Mar 1997 | 57.23% | 3.77B | 6.58B |
| Q4 FY1996 | 31 Dec 1996 | 56.73% | 3.49B | 6.16B |
| Q3 FY1996 | 30 Sept 1996 | 54.18% | 3.38B | 6.24B |
| Q2 FY1996 | 30 Jun 1996 | 54.13% | 3.21B | 5.94B |
| Q1 FY1996 | 31 Mar 1996 | 55.25% | 3.06B | 5.54B |
| Q4 FY1995 | 31 Dec 1995 | 55.38% | 2.99B | 5.39B |
| Q3 FY1995 | 30 Sept 1995 | 55.15% | 2.91B | 5.27B |
| Q2 FY1995 | 30 Jun 1995 | 53.07% | 2.81B | 5.30B |
| Q1 FY1995 | 31 Mar 1995 | 52.03% | 2.67B | 5.13B |
| Q4 FY1994 | 31 Dec 1994 | 48.79% | 2.55B | 5.24B |
| Q3 FY1994 | 30 Sept 1994 | 43.76% | 2.45B | 5.61B |
| Q2 FY1994 | 30 Jun 1994 | 44.77% | 2.34B | 5.22B |
| Q1 FY1994 | 31 Mar 1994 | 46.82% | 2.26B | 4.82B |
| Q4 FY1993 | 31 Dec 1993 | 47.73% | 2.19B | 4.58B |
| Q3 FY1993 | 30 Sept 1993 | 46.75% | 2.10B | 4.49B |
| Q2 FY1993 | 30 Jun 1993 | 48.18% | 2.05B | 4.26B |
| Q1 FY1993 | 31 Mar 1993 | 49.34% | 1.95B | 3.96B |
| Q4 FY1992 | 31 Dec 1992 | 48.45% | 1.88B | 3.89B |
| Q3 FY1992 | 30 Sept 1992 | 40.54% | 1.86B | 4.60B |
| Q2 FY1992 | 30 Jun 1992 | 40.98% | 1.78B | 4.34B |
| Q1 FY1992 | 31 Mar 1992 | 40.95% | 1.68B | 4.10B |
| Q4 FY1991 | 31 Dec 1991 | 36.56% | 1.62B | 4.43B |
| Q3 FY1991 | 30 Sept 1991 | 36.81% | 1.55B | 4.22B |
| Q2 FY1991 | 30 Jun 1991 | 37.72% | 1.49B | 3.95B |
| Q1 FY1991 | 31 Mar 1991 | 37.27% | 1.42B | 3.81B |
| Q4 FY1990 | 31 Dec 1990 | 35.90% | 1.38B | 3.85B |
| Q3 FY1990 | 30 Sept 1990 | 33.93% | 1.34B | 3.94B |
| Q2 FY1990 | 30 Jun 1990 | 36.15% | 1.30B | 3.60B |
| Q1 FY1990 | 31 Mar 1990 | 36.94% | 1.24B | 3.35B |
| Q4 FY1989 | 31 Dec 1989 | 34.84% | 1.21B | 3.49B |
| Q3 FY1989 | 30 Sept 1989 | 38.59% | 1.20B | 3.11B |
| Q2 FY1989 | 30 Jun 1989 | 35.76% | 1.14B | 3.18B |
| Q1 FY1989 | 31 Mar 1989 | 33.78% | 1.09B | 3.24B |
| Q4 FY1988 | 31 Dec 1988 | 34.31% | 1.04B | 3.05B |
| Q3 FY1988 | 30 Sept 1988 | — | 1.00B | — |
| Q2 FY1988 | 30 Jun 1988 | — | 977.90M | — |
| Q1 FY1988 | 31 Mar 1988 | — | 941.20M | — |
| Q4 FY1987 | 31 Dec 1987 | 28.42% | 916.10M | 3.22B |
| Q3 FY1987 | 30 Sept 1987 | — | 1.04B | — |
| Q2 FY1987 | 30 Jun 1987 | — | 999.40M | — |
| Q1 FY1987 | 31 Mar 1987 | — | 958.50M | — |
| Q4 FY1986 | 31 Dec 1986 | 26.58% | 934.30M | 3.52B |
| Q3 FY1986 | 30 Sept 1986 | — | 764.50M | — |
| Q2 FY1986 | 30 Jun 1986 | — | 727.10M | — |
| Q1 FY1986 | 31 Mar 1986 | — | — | — |
| Q4 FY1985 | 31 Dec 1985 | — | — | 2.98B |
| Q3 FY1985 | 30 Sept 1985 | — | — | — |
Figures in USD. A quarter's revenue, net income and dividends are those of its last four quarters.
See also:P/E ratio,Market cap,P/S ratio,Dividend yield,Debt to equity,Current ratio,All ratios
Common questions about Coca-Cola Company's ROE
Source: Financial Modeling PrepVerified against SEC filings
