Filing Flows › Molson Coors Beverage (TAP) › Q3 2026 › vs Q3 2025
Molson Coors Beverage (TAP) Q3 2026 vs Q3 2025 (year over year)
Molson Coors Beverage's revenue fell $79.4M (-2%) from $3.5B in Q3 2025 to $3.4B in Q3 2026. Gross margin 30.3% against 33.7% (-3.4 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 30.3% | 33.7% | -3.4 pts |
| Operating margin | 11.5% | -98.5% | +109.9 pts |
| Net margin | 8.0% | -84.0% | +92.0 pts |
| Free cash flow margin | 9.6% | 13.9% | -4.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $3.4B | $3.5B | −$79.4M | -2% |
| Gross profit | $1.0B | $1.2B | −$143M | -12% |
| Cost of revenue | $2.4B | $2.3B | $63.7M | +3% |
| Operating profit | $391M | −$3.4B | $3.8B | — |
| Operating expenses | $640M | $4.6B | −$4.0B | -86% |
| Pre-tax earnings | $342M | −$3.5B | $3.8B | — |
| Other expense, net | $48.4M | $64.4M | −$16.0M | -25% |
| SG&A | $634M | $687M | −$53.2M | -8% |
| Other operating costs | $6.3M | $3.9B | −$3.9B | -100% |
| Loss borne by minority interests | $6.3M | $9.3M | −$3.0M | -32% |
| Net earnings | $272M | −$2.9B | $3.2B | — |
| Income tax | $77.0M | −$559M | $636M | — |
| Depreciation & amortization | $183M | $180M | $3.6M | +2% |
| Share-based compensation | $9.2M | $8.3M | $900K | +11% |
| Working capital & other | $4.1M | −$3.4B | $3.4B | — |
| Operating cash flow | $460M | $616M | −$156M | -25% |
| Free cash flow (OCF − capex) | $326M | $483M | −$157M | -32% |
| Capital expenditures | $134M | $133M | $700K | +0.5% |
Questions
How much did Molson Coors Beverage's revenue grow year over year in Q3 2026?
Molson Coors Beverage's revenue fell $79.4M (-2%) from $3.5B in Q3 2025 to $3.4B in Q3 2026. Gross margin 30.3% against 33.7% (-3.4 pts).