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Monster Beverage (MNST) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Monster Beverage (MNST) reported revenue of $2.6B for the third quarter 2026 (Q3 2026), +17% from a year earlier and +1% from the quarter before. Operating margin was 28.0%, net earnings $568M (22.2% of revenue).
Monster Beverage, Q3 2026: revenue $2.6B (+17% year over year), operating margin 28.0%, net earnings $568M, operating cash flow $557M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.6B | +1% | +17% |
| Gross profit | $1.4B | -1% | +14% |
| Operating profit | $719M | -3% | +6% |
| Net earnings | $568M | -3% | +8% |
| Operating cash flow | $557M | +9% | -25% |
| Free cash flow | $525M | +14% | -25% |
What changed
Revenue was $2.6B in Q3 2026, up 17% year over year and up 1% from the previous quarter. Monster Energy Drinks was the largest line at 93% of revenue. Monster Energy Drinks added $0.35B year over year (up 17%), 95% of the total change. Alcohol Brands declined 14%.
Gross margin was 54.7%, down 1.1 points from Q3 2025. Operating profit was $0.72B, a 28.0% margin (down 2.7 points year over year). Of the extra revenue versus Q3 2025, 12% reached operating profit, below the 31% margin then. Operating expenses grew 24% against revenue growth of 17%. Net earnings were $0.57B, up 8% year over year. The effective tax rate was 24.6%.
Operating cash flow was $0.56B (down 25% year over year), 98% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.07B. Capital expenditures of $0.03B left free cash flow of $0.53B.
Questions
What was Monster Beverage's revenue in the third quarter 2026?
Monster Beverage (MNST) reported revenue of $2.6B for the third quarter 2026 (Q3 2026), +17% from a year earlier and +1% from the quarter before.
Was Monster Beverage profitable in the third quarter 2026?
Operating profit was $719M (28.0% of revenue) and net earnings $568M.
Source: Monster Beverage 10-Q on SEC EDGAR.