Santander Mexico and Coca-Cola Andina both grew their top lines in Q2 but saw profits flatline or fall. The results point to a regional margin.
Santander Mexico's MXN 1T loan milestone saw 3% profit decline; Coca-Cola Andina's 11% sales jump yielded flat earnings—margin compression from sticky costs grips Latin America. Cost discipline now matters more than revenue scaling for regional valuations; tech investors should expect earnings pressure despite sales recovery in LatAm.
Latin America · Earnings
Key Facts
—Credit milestone. Santander Mexico’s loan book crossed a record MXN 1 trillion in the first half of 2026.
—Profit drop. Despite the record portfolio, Santander Mexico’s net income fell 3 percent year-on-year in the second quarter.
—Sales surge. Coca-Cola Andina, a major Latin American bottler, posted an 11.1 percent jump in net sales for the second quarter.
Crecen 14% utilidades de Santander México en primer semestre; cartera de crédito supera el billón de pesos
CEO da Coca-Cola vê melhora no mercado do Brasil, mas América Latina segue com sinais mistos de demanda
Impuestos y egresos reducen 3% la ganancia de Santander México
Coca-Cola Femsa tem alta no lucro e receitas no 2º trimestre e destaca desempenho do Brasil
Ingresos de Coca-Cola Femsa suben en el segundo trimestre de 2026
Santander Brasil lucra R$ 3,014 bi no 2º trimestre, queda de 20,4% no trimestre e 17,6% em 12 meses
Lucro do Santander cai para R$ 3 bilhões no 2º tri com piora na inadimplência
Ganancias de Coca-Cola Andina se mantienen estables al segundo trimestre, pero ingresos suben - La Tercera
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