Filing Flows › Molson Coors Beverage (TAP) › Q3 2026 › vs Q2 2026
Molson Coors Beverage (TAP) Q3 2026 vs Q2 2026 (quarter over quarter)
Molson Coors Beverage's revenue fell $200M (-6%) from $3.6B in Q2 2026 to $3.4B in Q3 2026. Gross margin 30.3% against 29.5% (+0.8 pts).
Molson Coors Beverage, Q3 2026: revenue $3.4B (-2% year over year), operating margin 11.5%, net earnings $272M, operating cash flow $460M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 30.3% | 29.5% | +0.8 pts |
| Operating margin | 11.5% | 9.2% | +2.3 pts |
| Net margin | 8.0% | 6.4% | +1.5 pts |
| Free cash flow margin | 9.6% | 19.8% | -10.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $3.4B | $3.6B | −$200M | -6% |
| Gross profit | $1.0B | $1.1B | −$32.9M | -3% |
| Cost of revenue | $2.4B | $2.5B | −$167M | -7% |
| Operating profit | $391M | $332M | $58.7M | +18% |
| Operating expenses | $640M | $731M | −$91.6M | -13% |
| Pre-tax earnings | $342M | $283M | $59.1M | +21% |
| Other expense, net | $48.4M | $48.8M | −$400K | -0.8% |
| SG&A | $634M | $718M | −$85.0M | -12% |
| Other operating costs | $6.3M | $12.9M | −$6.6M | -51% |
| Loss borne by minority interests | $6.3M | $10.1M | −$3.8M | -38% |
| Net earnings | $272M | $232M | $39.8M | +17% |
| Income tax | $77.0M | $61.5M | $15.5M | +25% |
| Depreciation & amortization | $183M | $192M | −$8.6M | -4% |
| Share-based compensation | $9.2M | $8.8M | $400K | +5% |
| Working capital & other | $4.1M | −$385M | $390M | — |
| Operating cash flow | $460M | $818M | −$358M | -44% |
| Free cash flow (OCF − capex) | $326M | $714M | −$388M | -54% |
| Capital expenditures | $134M | $104M | $30.3M | +29% |
Questions
How much did Molson Coors Beverage's revenue grow quarter over quarter in Q3 2026?
Molson Coors Beverage's revenue fell $200M (-6%) from $3.6B in Q2 2026 to $3.4B in Q3 2026. Gross margin 30.3% against 29.5% (+0.8 pts).