Filing Flows › Monster Beverage (MNST) › Q3 2026 › vs Q3 2025
Monster Beverage (MNST) Q3 2026 vs Q3 2025 (year over year)
Monster Beverage's revenue rose $366M (+17%) from $2.2B in Q3 2025 to $2.6B in Q3 2026. The biggest changes: Monster Energy Drinks +$347M (+17%); Strategic Brands +$25.9M (+20%); Alcohol Brands −$4.5M (-14%). Gross margin 54.7% against 55.7% (-1.1 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 54.7% | 55.7% | -1.1 pts |
| Operating margin | 28.0% | 30.7% | -2.7 pts |
| Net margin | 22.2% | 23.9% | -1.7 pts |
| Free cash flow margin | 20.5% | 31.9% | -11.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Monster Energy Drinks | $2.4B | $2.0B | $347M | +17% |
| Strategic Brands | $156M | $131M | $25.9M | +20% |
| Alcohol Brands | $28.5M | $33.0M | −$4.5M | -14% |
| Revenue | $2.6B | $2.2B | $366M | +17% |
| Gross profit | $1.4B | $1.2B | $176M | +14% |
| Cost of revenue | $1.2B | $973M | $190M | +19% |
| Other income, net | $34.8M | $14.2M | $20.6M | +145% |
| Operating profit | $719M | $675M | $43.4M | +6% |
| Operating expenses | $682M | $549M | $133M | +24% |
| Pre-tax earnings | $753M | $690M | $64.0M | +9% |
| Net earnings | $568M | $524M | $44.0M | +8% |
| Income tax | $185M | $165M | $20.0M | +12% |
| Depreciation & amortization | $31.7M | $29.6M | $2.1M | +7% |
| Share-based compensation | $30.3M | $32.8M | −$2.5M | -8% |
| Working capital & other | $73.8M | −$158M | $232M | — |
| Operating cash flow | $557M | $745M | −$189M | -25% |
| Free cash flow (OCF − capex) | $525M | $702M | −$176M | -25% |
| Capital expenditures | $31.6M | $43.6M | −$12.0M | -28% |
Questions
How much did Monster Beverage's revenue grow year over year in Q3 2026?
Monster Beverage's revenue rose $366M (+17%) from $2.2B in Q3 2025 to $2.6B in Q3 2026.
What drove Monster Beverage's revenue change in Q3 2026?
Monster Energy Drinks +$347M (+17%); Strategic Brands +$25.9M (+20%); Alcohol Brands −$4.5M (-14%).