Filing Flows › Monster Beverage (MNST) › Q3 2026 › vs Q2 2026
Monster Beverage (MNST) Q3 2026 vs Q2 2026 (quarter over quarter)
Monster Beverage's revenue rose $25.6M (+1%) from $2.5B in Q2 2026 to $2.6B in Q3 2026. The biggest changes: Monster Energy Drinks +$17.3M (+0.7%); Strategic Brands +$12.6M (+9%); Alcohol Brands −$3.7M (-11%). Gross margin 54.7% against 55.9% (-1.3 pts).
Monster Beverage, Q3 2026: revenue $2.6B (+17% year over year), operating margin 28.0%, net earnings $568M, operating cash flow $557M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 54.7% | 55.9% | -1.3 pts |
| Operating margin | 28.0% | 29.2% | -1.1 pts |
| Net margin | 22.2% | 23.0% | -0.9 pts |
| Free cash flow margin | 20.5% | 18.2% | +2.3 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Monster Energy Drinks | $2.4B | $2.4B | $17.3M | +0.7% |
| Strategic Brands | $156M | $144M | $12.6M | +9% |
| Alcohol Brands | $28.5M | $32.2M | −$3.7M | -11% |
| Revenue | $2.6B | $2.5B | $25.6M | +1% |
| Gross profit | $1.4B | $1.4B | −$18.9M | -1% |
| Cost of revenue | $1.2B | $1.1B | $44.5M | +4% |
| Other income, net | $34.8M | $27.8M | $7.0M | +25% |
| Operating profit | $719M | $740M | −$21.7M | -3% |
| Operating expenses | $682M | $679M | $2.8M | +0.4% |
| Pre-tax earnings | $753M | $768M | −$14.8M | -2% |
| Net earnings | $568M | $585M | −$16.1M | -3% |
| Income tax | $185M | $184M | $1.3M | +0.7% |
| Depreciation & amortization | $31.7M | $29.8M | $1.9M | +6% |
| Share-based compensation | $30.3M | $35.7M | −$5.4M | -15% |
| Working capital & other | $73.8M | $141M | −$67.0M | -48% |
| Operating cash flow | $557M | $509M | $47.4M | +9% |
| Free cash flow (OCF − capex) | $525M | $461M | $64.2M | +14% |
| Capital expenditures | $31.6M | $48.4M | −$16.8M | -35% |
Questions
How much did Monster Beverage's revenue grow quarter over quarter in Q3 2026?
Monster Beverage's revenue rose $25.6M (+1%) from $2.5B in Q2 2026 to $2.6B in Q3 2026.
What drove Monster Beverage's revenue change in Q3 2026?
Monster Energy Drinks +$17.3M (+0.7%); Strategic Brands +$12.6M (+9%); Alcohol Brands −$3.7M (-11%).