Filing Flows › Molson Coors Beverage (TAP) › Q3 2026
Molson Coors Beverage (TAP) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Molson Coors Beverage (TAP) reported revenue of $3.4B for the third quarter 2026 (Q3 2026), -2% from a year earlier and -6% from the quarter before. Operating margin was 11.5%, net earnings $272M (8.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.4B | -6% | -2% |
| Gross profit | $1.0B | -3% | -12% |
| Operating profit | $391M | +18% | — |
| Net earnings | $272M | +17% | — |
| Operating cash flow | $460M | -44% | -25% |
| Free cash flow | $326M | -54% | -32% |
What changed
Revenue was $3.4B in Q3 2026, down 2% year over year and down 6% from the previous quarter.
Gross margin was 30.3%, down 3.4 points from Q3 2025. Operating profit was $0.39B, a 11.5% margin (up 109.9 points year over year). Operating expenses fell 86% while revenue fell 2%. Net earnings were $0.27B ($0.27B including minority interests, which bore $0.01B of losses). The effective tax rate was 22.5%.
Operating cash flow was $0.46B (down 25% year over year), 173% of net income including minority interests. Non-cash charges added back $0.18B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $0.13B left free cash flow of $0.33B.
Questions
What was Molson Coors Beverage's revenue in the third quarter 2026?
Molson Coors Beverage (TAP) reported revenue of $3.4B for the third quarter 2026 (Q3 2026), -2% from a year earlier and -6% from the quarter before.
Was Molson Coors Beverage profitable in the third quarter 2026?
Operating profit was $391M (11.5% of revenue) and net earnings $272M.