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How Monster Beverage (MNST) makes money
Monster Beverage (MNST) made $2.6B of revenue in the third quarter 2026 (Q3 2026), +17% from a year earlier. Monster Energy Drinks brought in $2.4B (93%); Strategic Brands brought in $156M (6%); Alcohol Brands brought in $28.5M (1%). Of every dollar of revenue, 55¢ was left as gross profit, 28¢ was left as operating profit, 22¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Monster Energy Drinks | $2.4B | 92.8% | +0.7% | +17% |
| Strategic Brands | $156M | 6.1% | +9% | +20% |
| Alcohol Brands | $28.5M | 1.1% | -11% | -14% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $2.6B | 100.0% |
| Cost of revenue | $1.2B | 45.4% |
| Gross profit | $1.4B | 54.8% |
| Operating expenses | $682M | 26.7% |
| Operating profit | $719M | 28.1% |
| Income tax | $185M | 7.2% |
| Net earnings | $568M | 22.2% |
| Operating cash flow | $557M | 21.8% |
| Free cash flow | $525M | 20.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $2.6B | +17% |
| Q2 2026 | $2.5B | +20% |
| Q1 2026 | $2.4B | +27% |
| Q4 2025 | $2.1B | +18% |
| Q3 2025 | $2.2B | +17% |
| Q2 2025 | $2.1B | +11% |
| Q1 2025 | $1.9B | -2% |
From Monster Beverage's 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does Monster Beverage make money?
Monster Beverage (MNST) made $2.6B of revenue in the third quarter 2026 (Q3 2026), +17% from a year earlier. Monster Energy Drinks brought in $2.4B (93%); Strategic Brands brought in $156M (6%); Alcohol Brands brought in $28.5M (1%). Of every dollar of revenue, 55¢ was left as gross profit, 28¢ was left as operating profit, 22¢ was left as net earnings.
What is Monster Beverage's biggest business?
Monster Energy Drinks: $2.4B in the third quarter 2026, 93% of revenue, +17% from a year earlier.
What is Monster Beverage's profit margin?
Net earnings were $568M, 22.2% of revenue, in the third quarter 2026; the operating margin was 28.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.