Filing Flows › Monster Beverage (MNST) › Q2 2026 › vs Q1 2026
Monster Beverage (MNST) Q2 2026 vs Q1 2026 (quarter over quarter)
Monster Beverage's revenue rose $184M (+8%) from $2.4B in Q1 2026 to $2.5B in Q2 2026. The biggest changes: Monster Energy Drinks +$167M (+8%); Strategic Brands +$17.0M (+13%); Alcohol Brands −$463K (-1%). Gross margin 55.9% against 55.0% (+1.0 pts).
Monster Beverage, Q2 2026: revenue $2.5B (+20% year over year), operating margin 29.2%, net earnings $585M, operating cash flow $509M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 55.9% | 55.0% | +1.0 pts |
| Operating margin | 29.2% | 31.0% | -1.8 pts |
| Net margin | 23.0% | 24.2% | -1.2 pts |
| Free cash flow margin | 18.2% | 24.8% | -6.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Monster Energy Drinks | $2.4B | $2.2B | $167M | +8% |
| Strategic Brands | $144M | $127M | $17.0M | +13% |
| Alcohol Brands | $32.2M | $32.7M | −$463K | -1% |
| Other | $5.4M | $5.3M | $167K | +3% |
| Revenue | $2.5B | $2.4B | $184M | +8% |
| Gross profit | $1.4B | $1.3B | $126M | +10% |
| Cost of revenue | $1.1B | $1.1B | $57.9M | +5% |
| Other income, net | $27.8M | $20.2M | $7.7M | +38% |
| Operating profit | $740M | $730M | $10.5M | +1% |
| Operating expenses | $679M | $563M | $116M | +21% |
| Pre-tax earnings | $768M | $750M | $18.1M | +2% |
| Net earnings | $585M | $569M | $15.1M | +3% |
| Income tax | $184M | $181M | $3.1M | +2% |
| Depreciation & amortization | $29.8M | $28.4M | $1.4M | +5% |
| Share-based compensation | $35.7M | $28.3M | $7.4M | +26% |
| Working capital & other | $141M | $21.2M | $120M | +564% |
| Operating cash flow | $509M | $605M | −$95.8M | -16% |
| Free cash flow (OCF − capex) | $461M | $584M | −$124M | -21% |
| Capital expenditures | $48.4M | $20.6M | $27.8M | +135% |
Questions
How much did Monster Beverage's revenue grow quarter over quarter in Q2 2026?
Monster Beverage's revenue rose $184M (+8%) from $2.4B in Q1 2026 to $2.5B in Q2 2026.
What drove Monster Beverage's revenue change in Q2 2026?
Monster Energy Drinks +$167M (+8%); Strategic Brands +$17.0M (+13%); Alcohol Brands −$463K (-1%).