Filing Flows › Monster Beverage (MNST) › Q2 2026
Monster Beverage (MNST) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Monster Beverage (MNST) reported revenue of $2.5B for the second quarter 2026 (Q2 2026), +20% from a year earlier and +8% from the quarter before. Operating margin was 29.2%, net earnings $585M (23.0% of revenue).
Monster Beverage, Q2 2026: revenue $2.5B (+20% year over year), operating margin 29.2%, net earnings $585M, operating cash flow $509M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5B | +8% | +20% |
| Gross profit | $1.4B | +10% | +21% |
| Operating profit | $740M | +1% | +17% |
| Net earnings | $585M | +3% | +20% |
| Operating cash flow | $509M | -16% | +9% |
| Free cash flow | $461M | -21% | +6% |
What changed
Revenue was $2.5B in Q2 2026, up 20% year over year and up 8% from the previous quarter. Monster Energy Drinks was the largest line at 93% of revenue. Monster Energy Drinks added $0.42B year over year (up 22%), 98% of the total change. Other declined 15%.
Gross margin was 55.9%, up 0.2 points from Q2 2025. Operating profit was $0.74B, a 29.2% margin (down 0.7 points year over year). Of the extra revenue versus Q2 2025, 26% reached operating profit, below the 30% margin then. Operating expenses grew 25% against revenue growth of 20%. Net earnings were $0.58B, up 20% year over year. The effective tax rate was 23.9%.
Operating cash flow was $0.51B (up 9% year over year), 87% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.14B. Capital expenditures of $0.05B left free cash flow of $0.46B.
Questions
What was Monster Beverage's revenue in the second quarter 2026?
Monster Beverage (MNST) reported revenue of $2.5B for the second quarter 2026 (Q2 2026), +20% from a year earlier and +8% from the quarter before.
Was Monster Beverage profitable in the second quarter 2026?
Operating profit was $740M (29.2% of revenue) and net earnings $585M.
Source: Monster Beverage 10-Q on SEC EDGAR.