The latest data point for KO's operating expenses, as of Q4'25, shows SG&A expenses at $4.20B, with R&D expenses remaining at $0, resulting in total operating expenses of $4.20B for the quarter. This marks a significant increase from the prior quarter's $3.62B in SG&A. Over the period from Q1'23 to Q4'25, SG&A expenses exhibited an overall upward trend, rising from $3.19B to $4.20B, with notable peaks in Q4'23 ($3.80B), Q4'24 ($4.05B), and Q4'25, reflecting seasonal strength in the fourth quarters. R&D expenses stayed consistently at $0 across all quarters, indicating no allocation in this category, while the stacked bar chart highlights SG&A as the dominant component driving total operating expenses higher by approximately 32% over the three-year span.