Filing Flows › Monster Beverage (MNST) › Q1 2026
Monster Beverage (MNST) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Monster Beverage (MNST) reported revenue of $2.4B for the first quarter 2026 (Q1 2026), +27% from a year earlier and +10% from the quarter before. Operating margin was 31.0%, net earnings $569M (24.2% of revenue).
Monster Beverage, Q1 2026: revenue $2.4B (+27% year over year), operating margin 31.0%, net earnings $569M, operating cash flow $605M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4B | +10% | +27% |
| Gross profit | $1.3B | +9% | +23% |
| Operating profit | $730M | +35% | +28% |
| Net earnings | $569M | +27% | +29% |
| Operating cash flow | $605M | +59% | +19% |
| Free cash flow | $584M | +66% | +22% |
What changed
Revenue was $2.4B in Q1 2026, up 27% year over year and up 10% from the previous quarter. Monster Energy Drinks was the largest line at 93% of revenue. Monster Energy Drinks added $0.47B year over year (up 28%), 95% of the total change. Other declined 12%.
Gross margin was 55.0%, down 1.5 points from Q1 2025. Operating profit was $0.73B, a 31.0% margin (up 0.3 points year over year). Of the extra revenue versus Q1 2025, 32% reached operating profit, above the 31% margin then. Operating expenses grew 18% against revenue growth of 27%. Net earnings were $0.57B, up 29% year over year. The effective tax rate was 24.1%.
Operating cash flow was $0.60B (up 19% year over year), 106% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.03B of share-based compensation. Capital expenditures of $0.02B left free cash flow of $0.58B.
Questions
What was Monster Beverage's revenue in the first quarter 2026?
Monster Beverage (MNST) reported revenue of $2.4B for the first quarter 2026 (Q1 2026), +27% from a year earlier and +10% from the quarter before.
Was Monster Beverage profitable in the first quarter 2026?
Operating profit was $730M (31.0% of revenue) and net earnings $569M.
Source: Monster Beverage 10-Q on SEC EDGAR.