Filing Flows › Molson Coors Beverage (TAP) › Q1 2026
Molson Coors Beverage (TAP) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Molson Coors Beverage (TAP) reported revenue of $2.7B for the first quarter 2026 (Q1 2026), +1% from a year earlier and -13% from the quarter before. Operating margin was 9.5%, net earnings $151M (5.6% of revenue).
Molson Coors Beverage, Q1 2026: revenue $2.7B (+1% year over year), operating margin 9.5%, net earnings $151M, operating cash flow $2.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7B | -13% | +1% |
| Gross profit | $897M | -7% | +5% |
| Operating profit | $258M | -20% | +39% |
| Net earnings | $151M | -37% | +25% |
| Operating cash flow | $2.5M | -100% | — |
What changed
Revenue was $2.7B in Q1 2026, up 1% year over year and down 13% from the previous quarter.
Gross margin was 33.0%, up 1.4 points from Q1 2025. Operating profit was $0.26B, a 9.5% margin (up 2.6 points year over year). Of the extra revenue versus Q1 2025, 260% reached operating profit, above the 7% margin then. Operating expenses fell 4% while revenue rose 1%. The fastest-growing cost line was Other operating costs (+154%). Net earnings were $0.15B, up 25% year over year. The effective tax rate was 22.9%.
Operating cash flow was $2.5M, 2% of net earnings. Non-cash charges added back $0.19B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.34B. Capital expenditures of $0.23B exceeded it, leaving free cash flow of −$0.23B.
Questions
What was Molson Coors Beverage's revenue in the first quarter 2026?
Molson Coors Beverage (TAP) reported revenue of $2.7B for the first quarter 2026 (Q1 2026), +1% from a year earlier and -13% from the quarter before.
Was Molson Coors Beverage profitable in the first quarter 2026?
Operating profit was $258M (9.5% of revenue) and net earnings $151M.