Filing Flows › Monster Beverage (MNST) › Q2 2026 › vs Q2 2025
Monster Beverage (MNST) Q2 2026 vs Q2 2025 (year over year)
Monster Beverage's revenue rose $426M (+20%) from $2.1B in Q2 2025 to $2.5B in Q2 2026. The biggest changes: Monster Energy Drinks +$419M (+22%); Strategic Brands +$13.8M (+11%); Alcohol Brands −$5.8M (-15%). Gross margin 55.9% against 55.7% (+0.2 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 55.9% | 55.7% | +0.2 pts |
| Operating margin | 29.2% | 29.9% | -0.7 pts |
| Net margin | 23.0% | 23.1% | -0.1 pts |
| Free cash flow margin | 18.2% | 20.6% | -2.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Monster Energy Drinks | $2.4B | $1.9B | $419M | +22% |
| Strategic Brands | $144M | $130M | $13.8M | +11% |
| Alcohol Brands | $32.2M | $38.0M | −$5.8M | -15% |
| Other | $5.4M | $6.4M | −$981K | -15% |
| Revenue | $2.5B | $2.1B | $426M | +20% |
| Gross profit | $1.4B | $1.2B | $243M | +21% |
| Cost of revenue | $1.1B | $935M | $183M | +20% |
| Other income, net | $27.8M | $15.1M | $12.8M | +85% |
| Operating profit | $740M | $632M | $109M | +17% |
| Operating expenses | $679M | $545M | $134M | +25% |
| Pre-tax earnings | $768M | $647M | $122M | +19% |
| Net earnings | $585M | $489M | $95.7M | +20% |
| Income tax | $184M | $158M | $25.8M | +16% |
| Depreciation & amortization | $29.8M | $27.6M | $2.2M | +8% |
| Share-based compensation | $35.7M | $33.1M | $2.5M | +8% |
| Working capital & other | $141M | $83.5M | $57.3M | +69% |
| Operating cash flow | $509M | $466M | $43.2M | +9% |
| Free cash flow (OCF − capex) | $461M | $435M | $26.2M | +6% |
| Capital expenditures | $48.4M | $31.4M | $17.0M | +54% |
Questions
How much did Monster Beverage's revenue grow year over year in Q2 2026?
Monster Beverage's revenue rose $426M (+20%) from $2.1B in Q2 2025 to $2.5B in Q2 2026.
What drove Monster Beverage's revenue change in Q2 2026?
Monster Energy Drinks +$419M (+22%); Strategic Brands +$13.8M (+11%); Alcohol Brands −$5.8M (-15%).