# Coca-Cola (KO.US)

Canonical: https://gigainvestors.com/s/KO

Analysis as of: 2026-10-16T07:29:41.374Z. Financial observations: FY1996–FY2026.

Listing currency: USD. Reporting currency: USD.

## Verdict

A wonderful business at too high a price

Quality tests for Buy: pass (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: $92.00 per share; close as of 2026-10-15.

Estimated value: low $41.22 per share, central $55.80 per share, high $64.84 per share. Buy at or below the central value $55.80 per share. Valuation as of 2026-10-16T07:29:41.374Z; scenarios are not confidence intervals.

Expected annual return: 7.2% at the stated quote. About 7.2% a year at today's price (required return 10.0%). required return 10.0% a year (10% floor; US 10-year bond 5.1% + 4 points).

## Checklist

### understandable: pass

- 3 revenue declines in the last 10 years (informational)

- Financial history: 10 years

- Years with declining revenue: 3

- Years with a net loss: 0

- Operating margin variation: 0.10×

Chart: Operating margin; fiscal year observations.

- FY2017: 0.21×

- FY2018: 0.27×

- FY2019: 0.27×

- FY2020: 0.27×

- FY2021: 0.27×

- FY2022: 0.25×

- FY2023: 0.25×

- FY2024: 0.21×

- FY2025: 0.29×

- LTM to Jun 2026: 0.30×

### moat: pass

- ROIC, median of available years: 23.1%

- ROIC, second-lowest year: 20.1%

- Typical minus recent gross margin: -0.7 pp

- Typical gross margin (annual median): 60.9%

- Recent gross margin (lower of latest and 3-year median): 61.6%

- Years with nonpositive capital: 0

- Capital spending / revenue: 4.2%

- ROIC including acquisitions, ten-year median: 17.2%

Chart: ROIC excluding acquisitions; fiscal year observations.

- FY2017: 16.6%

- FY2018: 23.3%

- FY2019: 23.9%

- FY2020: 20.1%

- FY2021: 22.9%

- FY2022: 26.1%

- FY2023: 25.0%

- FY2024: 21.5%

- FY2025: 22.6%

- LTM to Jun 2026: 25.9%

### economics: pass

- Owner earnings / net income, 5-yr: 0.97×

- Cash conversion uses consolidated totals: No

- Owner earnings, five-year total: $52B

- Net income, five-year total: $54B

- Return on incremental invested capital: 195.1%

- Working capital / revenue, annual change: -0.8 pp

- Working capital / revenue, change between three-year averages: -5.8 pp

- Working capital / revenue, final three-year average: 4.9%

Chart: Annual owner cash / profit; fiscal year observations.

- FY2022: 1.00×

- FY2023: 1.00×

- FY2024: 0.94×

- FY2025: 0.93×

- LTM to Jun 2026: 0.96×

### management: pass

- Historical market-dollar context (not the management verdict): 2016 to 2025 (9 years)

- potential debt-funded buybacks (informational)

- buybacks unrelated to price (informational)

- ROIC first 3 years vs last 3 years: 19.4% vs 22.6%

- Per-share earnings: 1.49 to 2.47 (three-year endpoint medians)

- Management verdict uses per-share economic progress: Yes

- Ordinary dilution, 10-year annual growth: -0.2%

- Ordinary dilution, 5-year annual growth: -0.0%

- Market cap gain: $120B

- Cumulative retained earnings: $15B

- Diluted shares, 10-year annual growth: -0.2%

- Diluted shares, 5-year annual growth: -0.0%

- $1 test, starting fiscal year: FY2016

- $1 test, ending fiscal year: FY2025

- Per-share value growth: 6.5%

- Per-share value change: $0.97

- Per-share value, starting three-year median: $1.49

- Per-share value, ending three-year median: $2.47

- Buybacks concentrated in cheaper years (correlation): -0.36

- Average buyback yield: 0.8%

- Buyback history: 10 years

- Debt-funded buybacks: Yes

- Acquisition spending: $14B

- Cumulative net income, 10 years: $85B

- ROIC, first three-year median: 19.4%

- ROIC, last three-year median: 22.6%

Chart: Earnings per share; fiscal year observations.

- FY2016: $1.49

- FY2017: $0.29

- FY2018: $1.50

- FY2019: $2.07

- FY2020: $1.79

- FY2021: $2.25

- FY2022: $2.19

- FY2023: $2.47

- FY2024: $2.46

- FY2025: $3.04

### accounting: pass

- Sloan accruals: 5.4%

- Receivables to sales index (DSRI): 0.84×

- Restructuring years, last five: 0

- Stock compensation / operating cash flow: 3.8%

- Earnings backed by cash: Yes

- Operating cash / earnings: 0.57×

- Accounting red flags: 0

- Goodwill and intangibles / equity: 0.87×

Chart: Sloan accruals; fiscal year observations.

- FY2016: -2.6%

- FY2017: -6.7%

- FY2018: -1.4%

- FY2019: -1.8%

- FY2020: -2.4%

- FY2021: -3.0%

- FY2022: -1.6%

- FY2023: -0.9%

- FY2024: 3.8%

- FY2025: 5.4%

## Holders

- [Warren Buffett](https://gigainvestors.com/BRK): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [David Hoeft](https://gigainvestors.com/DAC): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Thomas Russo](https://gigainvestors.com/GR): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Allen Bond](https://gigainvestors.com/JIM): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Nick Train](https://gigainvestors.com/LT): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Andrew Adams](https://gigainvestors.com/MPF): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Christopher Bloomstran](https://gigainvestors.com/SA): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Donald Yacktman](https://gigainvestors.com/YAM): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Lee Ainslie](https://gigainvestors.com/mc): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Price needs cash profits to grow 12.8% a year for ten years · "Coca Cola (KO) Keeps Raising Its Outlook After Consecutive Earnings Beats" (finance.yahoo.com, Oct 2026) · sales +4.6%

Story as of 2026-10-16T09:59:01.856Z; price observation 2026-10-15.

Price needs cash profits to grow 12.8% a year for ten years

- 2025-07-22: Coca-Cola reports weakening global sales volumes in second quarter ([finance.yahoo.com](https://finance.yahoo.com/news/coca-cola-reports-weakening-global-112052242.html))

- 2025-10-22: Coca-Cola (KO) Margin Surge Reinforces Profitability Narrative with Net Profit Rising to 27.3% ([finance.yahoo.com](https://finance.yahoo.com/news/coca-cola-ko-margin-surge-090857815.html))

- 2026-02-10: Coca-Cola Stock Falls as Revenue Growth Disappoints. Sugar-Free Is a Bright Spot. ([finance.yahoo.com](https://finance.yahoo.com/m/56c23b81-d4ac-3125-88b5-fe226c6b47f2/coca-cola-stock-falls-as.html))

- 2026-04-29: Coca-Cola Posts 10% Organic Growth, Raises EPS Outlook to 8%--9% ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/coca-cola-posts-10-organic-171112490.html))

- 2026-06-04: Coke rethinks pricing as budget shoppers feel the squeeze ([finance.yahoo.com](https://finance.yahoo.com/video/coke-rethinks-pricing-budget-shoppers-175621468.html))

- 2026-07-30: The Coca-Cola Company: Volume Scale Beats CPG Stagflation as FIFA Activation Drives Guidance Upgrade ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/coca-cola-company-volume-scale-131924953.html))

### Sales · FY2025–2026

sales +4.6%; source https://www.sec.gov/Archives/edgar/data/21344/000162828026010047/ko-20251231.htm; observed 2026-02-20.

- FY2017: $36B 

- FY2018: $34B 

- FY2019: $37B 

- FY2020: $33B 

- FY2021: $39B 

- FY2022: $43B 

- FY2023: $46B 

- FY2024: $47B 

- FY2025: $48B 

- FY2026: $50B 

### Gross margin · FY2026

gross margin 61.9%; source https://www.sec.gov/Archives/edgar/data/21344/000162828026010047/ko-20251231.htm; observed 2026-02-20.

- FY2017: 62.1% 

- FY2018: 61.9% 

- FY2019: 60.8% 

- FY2020: 59.3% 

- FY2021: 60.3% 

- FY2022: 58.1% 

- FY2023: 59.5% 

- FY2024: 61.1% 

- FY2025: 61.6% 

- FY2026: 61.9% 

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### Why customers stay

Margins ranged from 59.5% to 61.6% during 2023–25; it earns 23.1% on its capital.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-20); FY2023: grossProfit / revenue = 59.5%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-20); FY2024: grossProfit / revenue = 61.1%.

- Source: https://www.sec.gov/Archives/edgar/data/21344/000162828026010047/ko-20251231.htm (filed 2026-02-20); FY2025: grossProfit / revenue = 61.6%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-20); 10-year return on capital observations [[2017,0.16563434429730883],[2018,0.23266535347951248],[2019,0.23871020247398683],[2020,0.20128051007512276],[2021,0.22877315534418222],[2022,0.26052269901415365],[2023,0.250279684705272],[2024,0.21465099267180332],[2025,0.22592712383730093],[2026,0.2593933042280514]]; median 0.23071925441184735. ROIC follows the displayed moat series; financial companies use return on tangible equity.

### Where the cash goes

Spends 1.6% of cash earnings on expansion; earns over 100% on new investment.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-20); FY2016: growth capex 0; upkeep 2262000000; owner earnings 6052000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-20); FY2017: growth capex 0; upkeep 1675000000; owner earnings 833000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-20); FY2018: growth capex 0; upkeep 1548000000; owner earnings 5972000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-20); FY2019: growth capex 689000000; upkeep 1365000000; owner earnings 8920000000. Growth capex / owner earnings = 0.07724215246636772.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-20); FY2020: growth capex 0; upkeep 1177000000; owner earnings 8106000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-20); FY2021: growth capex 0; upkeep 1367000000; owner earnings 9856000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-20); FY2022: growth capex 224000000; upkeep 1260000000; owner earnings 9542000000. Growth capex / owner earnings = 0.023475162439740096.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-20); FY2023: growth capex 717527709.300081; upkeep 1134472290.699919; owner earnings 10707527709.300081. Growth capex / owner earnings = 0.06701152019217924.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-20); FY2024: growth capex 328792239.0820451; upkeep 1735207760.917955; owner earnings 9970792239.082045. Growth capex / owner earnings = 0.0329755380714176.

- Source: https://www.sec.gov/Archives/edgar/data/21344/000162828026010047/ko-20251231.htm (filed 2026-02-20); FY2025: growth capex 199213120.62260127; upkeep 1912786879.3773987; owner earnings 12244213120.6226. Growth capex / owner earnings = 0.016269981472886316.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-20); Incremental return on capital 1.9506516646906282, from the economics test's unchanged annual inputs.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-20); Dividend observations: [[2016,6043000000],[2017,6320000000],[2018,6644000000],[2019,6845000000],[2020,7047000000],[2021,7252000000],[2022,7616000000],[2023,7952000000],[2024,8359000000],[2025,8779000000]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://www.sec.gov/Archives/edgar/data/21344/000162828026010047/ko-20251231.htm (filed 2026-02-20); FY2025: cash repurchases 746000000 USD.

### Are managers owners

Directors and executive officers own less than 1% of the company.

- Source: https://investors.coca-colacompany.com/filings-reports/all-sec-filings/content/0001104659-26-028215/ko-20260429xdef14a.htm (filed 2026-03-16); All Directors, Director nominees and executive officers as a group (22 persons) 38,886,151. Less than 1% of outstanding shares of Common Stock.

### What could break it

"We rely on our bottling partners for a significant portion of our business." (SEC filing, Feb 2026)

- Source: https://www.sec.gov/Archives/edgar/data/21344/000162828026010047/ko-20251231.htm (filed 2026-02-20); We rely on our bottling partners for a significant portion of our business.

### What the price says

The price assumes cash profits grow 12.8% yearly over ten years; actual growth was 6.3%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-20); Ten-year compound average after fade. Initial solved rate 0.2292671275435222. Price 92; FX 1; discount 0.1; same compounder ten-year fade to terminal 0.03. FY2015 owner earnings/share 1.5364358683314416 → FY2025 2.8389086762398796. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2016-10: $42.40 per share

- 2016-11: $40.35 per share

- 2016-12: $41.46 per share

- 2017-01: $41.57 per share

- 2017-02: $41.96 per share

- 2017-03: $42.44 per share

- 2017-04: $43.15 per share

- 2017-05: $45.47 per share

- 2017-06: $44.85 per share

- 2017-07: $45.84 per share

- 2017-08: $45.55 per share

- 2017-09: $45.01 per share

- 2017-10: $45.98 per share

- 2017-11: $45.77 per share

- 2017-12: $45.88 per share

- 2018-01: $47.59 per share

- 2018-02: $43.22 per share

- 2018-03: $43.43 per share

- 2018-04: $43.21 per share

- 2018-05: $43.00 per share

- 2018-06: $43.86 per share

- 2018-07: $46.63 per share

- 2018-08: $44.57 per share

- 2018-09: $46.19 per share

- 2018-10: $47.88 per share

- 2018-11: $50.40 per share

- 2018-12: $47.35 per share

- 2019-01: $48.13 per share

- 2019-02: $45.34 per share

- 2019-03: $46.86 per share

- 2019-04: $49.06 per share

- 2019-05: $49.13 per share

- 2019-06: $50.92 per share

- 2019-07: $52.63 per share

- 2019-08: $55.04 per share

- 2019-09: $54.44 per share

- 2019-10: $54.43 per share

- 2019-11: $53.40 per share

- 2019-12: $55.35 per share

- 2020-01: $58.40 per share

- 2020-02: $53.49 per share

- 2020-03: $44.25 per share

- 2020-04: $45.89 per share

- 2020-05: $46.68 per share

- 2020-06: $44.68 per share

- 2020-07: $47.24 per share

- 2020-08: $49.53 per share

- 2020-09: $49.37 per share

- 2020-10: $48.06 per share

- 2020-11: $51.60 per share

- 2020-12: $54.84 per share

- 2021-01: $48.15 per share

- 2021-02: $48.99 per share

- 2021-03: $52.71 per share

- 2021-04: $53.98 per share

- 2021-05: $55.29 per share

- 2021-06: $54.11 per share

- 2021-07: $57.03 per share

- 2021-08: $56.31 per share

- 2021-09: $52.47 per share

- 2021-10: $56.37 per share

- 2021-11: $52.45 per share

- 2021-12: $59.21 per share

- 2022-01: $61.01 per share

- 2022-02: $62.24 per share

- 2022-03: $62.00 per share

- 2022-04: $64.61 per share

- 2022-05: $63.38 per share

- 2022-06: $62.91 per share

- 2022-07: $64.17 per share

- 2022-08: $61.71 per share

- 2022-09: $56.02 per share

- 2022-10: $59.85 per share

- 2022-11: $63.61 per share

- 2022-12: $63.61 per share

- 2023-01: $61.32 per share

- 2023-02: $59.51 per share

- 2023-03: $62.03 per share

- 2023-04: $64.15 per share

- 2023-05: $59.66 per share

- 2023-06: $60.22 per share

- 2023-07: $61.93 per share

- 2023-08: $59.83 per share

- 2023-09: $55.98 per share

- 2023-10: $56.49 per share

- 2023-11: $58.44 per share

- 2023-12: $58.93 per share

- 2024-01: $59.49 per share

- 2024-02: $60.02 per share

- 2024-03: $61.18 per share

- 2024-04: $61.77 per share

- 2024-05: $62.93 per share

- 2024-06: $63.65 per share

- 2024-07: $66.74 per share

- 2024-08: $72.47 per share

- 2024-09: $71.86 per share

- 2024-10: $65.31 per share

- 2024-11: $64.08 per share

- 2024-12: $62.26 per share

- 2025-01: $63.48 per share

- 2025-02: $71.21 per share

- 2025-03: $71.62 per share

- 2025-04: $72.55 per share

- 2025-05: $72.10 per share

- 2025-06: $70.75 per share

- 2025-07: $67.89 per share

- 2025-08: $68.99 per share

- 2025-09: $66.32 per share

- 2025-10: $68.90 per share

- 2025-11: $73.12 per share

- 2025-12: $69.91 per share

- 2026-01: $74.81 per share

- 2026-02: $81.56 per share

- 2026-03: $76.05 per share

- 2026-04: $78.76 per share

- 2026-05: $79.01 per share

- 2026-06: $81.27 per share

- 2026-07: $87.59 per share

- 2026-08: $88.67 per share

- 2026-09: $86.08 per share

- 2026-10: $90.11 per share

## Annual estimated value (USD per share)

- FY2016: low $21.59 per share, central $23.93 per share, high $27.04 per share

- FY2017: low $17.42 per share, central $19.25 per share, high $21.69 per share

- FY2018: low $15.84 per share, central $17.58 per share, high $19.90 per share

- FY2019: low $16.83 per share, central $18.82 per share, high $21.46 per share

- FY2020: low $16.91 per share, central $18.91 per share, high $21.58 per share

- FY2021: low $26.03 per share, central $29.25 per share, high $33.52 per share

- FY2022: low $28.34 per share, central $31.91 per share, high $36.65 per share

- FY2023: low $30.53 per share, central $34.33 per share, high $39.39 per share

- FY2024: low $36.99 per share, central $48.25 per share, high $55.97 per share

- FY2025: low $38.91 per share, central $52.82 per share, high $61.45 per share

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

Prior published observations retained from 2026-10-15T06:35:25.886Z where newer inputs omit a numeric field or fiscal period.

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/21344/000162828026010047/ko-20251231.htm); period 2025-12-31, filed 2026-02-20.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.

## Reported holder observations

- [Warren Buffett](https://gigainvestors.com/BRK): 400,000,000 KO shares; USD 32,507,999,000 reported position value; 10.86% of portfolio; hold; quarter 2026 Q2.
- [David Hoeft](https://gigainvestors.com/DAC): 24,000 KO shares; USD 1,950,000 reported position value; 0% of portfolio; hold; quarter 2026 Q2.
- [Thomas Russo](https://gigainvestors.com/GR): 12,350 KO shares; USD 1,004,000 reported position value; 0.01% of portfolio; reduce; quarter 2026 Q2.
- [Allen Bond](https://gigainvestors.com/JIM): 111,668 KO shares; USD 9,075,000 reported position value; 0.22% of portfolio; add; quarter 2026 Q2.
- [Nick Train](https://gigainvestors.com/LT): 12,000 KO shares; USD 975,000 reported position value; 0.04% of portfolio; hold; quarter 2026 Q2.
- [Andrew Adams](https://gigainvestors.com/MPF): 23,470 KO shares; USD 1,907,000 reported position value; 0.02% of portfolio; add; quarter 2026 Q2.
- [Christopher Bloomstran](https://gigainvestors.com/SA): 15,328 KO shares; USD 1,246,000 reported position value; 0.14% of portfolio; hold; quarter 2026 Q2.
- [Donald Yacktman](https://gigainvestors.com/YAM): 2,127,657 KO shares; USD 172,915,000 reported position value; 2.14% of portfolio; add; quarter 2026 Q2.
- [Lee Ainslie](https://gigainvestors.com/mc): 2,006,974 KO shares; USD 163,107,000 reported position value; 1.47% of portfolio; add; quarter 2026 Q2.

# KO — Coca Cola Co.

Held by 9 investors · USD 32,860,178,000 total · 2026 Q2 · reported price USD 81.27 (split-adjusted).
Page: https://gigainvestors.com/s/KO

## Holders (2026 Q2)

| Investor | Value | % of their portfolio | This quarter |
|---|---:|---:|---|
| Warren Buffett (https://gigainvestors.com/BRK) | USD 32,507,999,000 | 11% | hold |
| Donald Yacktman (https://gigainvestors.com/YAM) | USD 172,915,000 | 2.1% | add +1.38% |
| Lee Ainslie (https://gigainvestors.com/mc) | USD 163,107,000 | 1.5% | add +56.23% |
| Allen Bond (https://gigainvestors.com/JIM) | USD 9,075,000 | 0.2% | add +0.02% |
| David Hoeft (https://gigainvestors.com/DAC) | USD 1,950,000 | 0.0% | hold |
| Andrew Adams (https://gigainvestors.com/MPF) | USD 1,907,000 | <0.1% | add +0.66% |
| Christopher Bloomstran (https://gigainvestors.com/SA) | USD 1,246,000 | 0.1% | hold |
| Thomas Russo (https://gigainvestors.com/GR) | USD 1,004,000 | <0.1% | reduce -5.18% |
| Nick Train (https://gigainvestors.com/LT) | USD 975,000 | <0.1% | hold |

## Total held by quarter

- 2006 Q4: USD 9,648,000,000 · 1 holder · USD 24.12
- 2007 Q1: USD 9,600,000,000 · 1 holder · USD 24.00
- 2007 Q2: USD 10,565,082,240 · 2 holders · USD 26.16
- 2007 Q3: USD 11,617,421,360 · 2 holders · USD 28.74
- 2007 Q4: USD 12,409,887,520 · 2 holders · USD 30.69
- 2008 Q1: USD 12,308,796,520 · 2 holders · USD 30.44
- 2008 Q2: USD 10,509,420,360 · 2 holders · USD 25.99
- 2008 Q3: USD 10,717,824,160 · 2 holders · USD 26.44
- 2008 Q4: USD 9,314,469,495 · 3 holders · USD 22.63
- 2009 Q1: USD 9,039,012,523 · 3 holders · USD 21.98
- 2009 Q2: USD 9,869,992,381 · 3 holders · USD 23.99
- 2009 Q3: USD 11,100,445,462 · 3 holders · USD 26.85
- 2009 Q4: USD 11,782,667,787 · 3 holders · USD 28.50
- 2010 Q1: USD 11,561,975,205 · 3 holders · USD 27.50
- 2010 Q2: USD 10,537,362,921 · 3 holders · USD 25.06
- 2010 Q3: USD 12,303,399,937 · 3 holders · USD 29.26
- 2010 Q4: USD 13,928,152,555 · 3 holders · USD 32.89
- 2011 Q1: USD 14,046,885,402 · 3 holders · USD 33.17
- 2011 Q2: USD 14,246,986,312 · 3 holders · USD 33.64
- 2011 Q3: USD 14,306,031,734 · 3 holders · USD 33.78
- 2011 Q4: USD 14,819,240,101 · 3 holders · USD 34.99
- 2012 Q1: USD 15,674,760,103 · 3 holders · USD 37.01
- 2012 Q2: USD 16,556,273,162 · 3 holders · USD 39.10
- 2012 Q3: USD 16,064,782,040 · 3 holders · USD 37.93
- 2012 Q4: USD 15,738,925,603 · 3 holders · USD 36.25
- 2013 Q1: USD 17,558,351,542 · 3 holders · USD 40.44
- 2013 Q2: USD 17,415,092,283 · 3 holders · USD 40.11
- 2013 Q3: USD 16,447,828,511 · 3 holders · USD 37.88
- 2013 Q4: USD 17,937,021,893 · 3 holders · USD 41.31
- 2014 Q1: USD 16,786,547,505 · 3 holders · USD 38.66
- 2014 Q2: USD 18,393,151,570 · 3 holders · USD 42.36
- 2014 Q3: USD 17,986,944,706 · 3 holders · USD 42.66
- 2014 Q4: USD 16,896,611,487 · 2 holders · USD 42.22
- 2015 Q1: USD 16,228,089,401 · 2 holders · USD 40.55
- 2015 Q2: USD 15,700,924,315 · 2 holders · USD 39.23
- 2015 Q3: USD 16,056,835,908 · 2 holders · USD 40.12
- 2015 Q4: USD 17,192,863,808 · 2 holders · USD 42.96
- 2016 Q1: USD 18,565,518,393 · 2 holders · USD 46.39
- 2016 Q2: USD 18,140,934,860 · 2 holders · USD 45.33
- 2016 Q3: USD 16,935,866,949 · 2 holders · USD 42.32
- 2016 Q4: USD 16,591,576,276 · 2 holders · USD 41.46
- 2017 Q1: USD 16,983,331,807 · 2 holders · USD 42.44
- 2017 Q2: USD 17,947,603,286 · 2 holders · USD 44.85
- 2017 Q3: USD 18,011,416,613 · 2 holders · USD 45.01
- 2017 Q4: USD 18,357,983,303 · 2 holders · USD 45.88
- 2018 Q1: USD 17,377,372,638 · 2 holders · USD 43.43
- 2018 Q2: USD 17,549,350,174 · 2 holders · USD 43.86
- 2018 Q3: USD 18,493,542,247 · 5 holders · USD 46.19
- 2018 Q4: USD 19,590,142,079 · 6 holders · USD 47.35
- 2019 Q1: USD 19,375,550,456 · 6 holders · USD 46.86
- 2019 Q2: USD 21,049,383,735 · 5 holders · USD 50.92
- 2019 Q3: USD 22,340,771,256 · 5 holders · USD 54.44
- 2019 Q4: USD 22,681,984,617 · 6 holders · USD 55.35
- 2020 Q1: USD 17,991,597,456 · 5 holders · USD 44.25
- 2020 Q2: USD 18,157,787,721 · 6 holders · USD 44.68
- 2020 Q3: USD 20,080,002,468 · 6 holders · USD 49.37
- 2020 Q4: USD 22,299,704,336 · 6 holders · USD 54.84
- 2021 Q1: USD 21,438,304,700 · 6 holders · USD 52.71
- 2021 Q2: USD 21,999,876,914 · 6 holders · USD 54.12
- 2021 Q3: USD 21,335,708,754 · 7 holders · USD 52.47
- 2021 Q4: USD 24,074,569,864 · 6 holders · USD 59.21
- 2022 Q1: USD 25,206,173,879 · 7 holders · USD 62.00
- 2022 Q2: USD 25,525,630,605 · 7 holders · USD 62.91
- 2022 Q3: USD 22,567,240,264 · 7 holders · USD 56.02
- 2022 Q4: USD 25,624,023,796 · 7 holders · USD 63.60
- 2023 Q1: USD 24,986,644,392 · 7 holders · USD 62.03
- 2023 Q2: USD 24,255,587,235 · 6 holders · USD 60.22
- 2023 Q3: USD 22,549,725,834 · 7 holders · USD 55.98
- 2023 Q4: USD 23,737,336,008 · 7 holders · USD 58.93
- 2024 Q1: USD 24,645,153,736 · 9 holders · USD 61.18
- 2024 Q2: USD 25,638,818,841 · 8 holders · USD 63.65
- 2024 Q3: USD 28,926,591,705 · 8 holders · USD 71.86
- 2024 Q4: USD 25,060,680,584 · 8 holders · USD 62.27
- 2025 Q1: USD 28,824,660,004 · 8 holders · USD 71.62
- 2025 Q2: USD 28,472,454,839 · 8 holders · USD 70.75
- 2025 Q3: USD 26,685,887,526 · 10 holders · USD 66.33
- 2025 Q4: USD 28,234,969,336 · 9 holders · USD 69.91
- 2026 Q1: USD 30,692,464,089 · 9 holders · USD 76.05
- 2026 Q2: USD 32,860,178,000 · 9 holders · USD 81.27