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How Monster Beverage (MNST) makes money: Q2 2026 revenue breakdown
US GAAP · $M · vs Q2 2025 · reported 08/06/2026
Monster Beverage Corporation is an American beverage company that manufactures energy drinks including Monster Energy, Relentless, Reign and Burn. · Wikipedia
More about the company
The company was originally founded as Hansen's in 1935 in Southern California, originally selling juice products. The company renamed itself as Monster Beverage in 2012.
Key growth driver: Monster Energy Drinks — the fastest-growing revenue line: $2,356, +22% y/y. · by the Q2 2026 report
How does Monster Beverage make money?
Monster Beverage brought in $2.54 billion of revenue in Q2 2026, up 20.2% year over year. The largest source was Monster Energy Drinks: $2.36 billion, or 93% of the total, followed by Strategic Brands ($144M, 6%) and Alcohol Brands ($32.2M, 1%). Net income for the quarter was $585 million, up 19.6% year over year.
Revenue by source, Q2 2026
- Monster Energy Drinks$2.36B · 93% · +21.6%
- Strategic Brands$144M · 6% · +10.6%
- Alcohol Brands$32.2M · 1% · −15.2%
- Other$5.4M · 0.2% · −15.3%
Shares of $2.54B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
When is MNST’s next earnings date?
Thursday, November 5, 2026estimated
Monster Beverage (MNST) has not confirmed the date yet; Nov 5, 2026 is an estimate based on the company's past reporting schedule and may move once the date is announced. Consensus EPS forecast: $0.29 (9 analysts), vs $0.28 in the same quarter last year.
What time does MNST report? Usually after market close: the last 4 results releases reached the SEC at 4:23 pm, 4:26 pm, 4:24 pm, 4:27 pm ET.
Last report: Aug 6, 2026 (Q2 2026) — broken down in the Sankey chart below. Dates and consensus: Nasdaq / Zacks Investment Research; companies do reschedule. Who else reports this week →
All figures in $M.
Revenue
$2,537
+20.2%
+17.9% FX-adjusted
Gross profit
$1,420
+20.7%
55.9% margin
Operating income
$740
+17.2%
29.2% margin (was 29.9%)
Net income
$585
+19.6%
Diluted EPS $0.59 · +19%
Verdict: a strong growth quarter — sales up 20% with international now 46% of revenue and gross margin holding at 55.9%, though marketing and distribution costs grew faster than sales, trimming operating margin to 29.2%.
International sales $1.16B (+35%, 46% of total) · FX tailwind $48.5M · adjusted net income $590.5M (+16%) · adjusted EPS $0.60 · six-month sales $4.89B (+23%).
Source and notation
* marks non-cash / ≈ estimated. Source: Monster Beverage press release, 8-K EX-99.1 (SEC EDGAR).
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
MNST earnings history: past report dates
| Aug 6, 2026 Thu | 4:23 pmafter market close | Jun 30, 2026 | ≈$2.5B+20% y/y | ≈$0.60+20% y/y |
| May 7, 2026 Thu | 4:26 pmafter market close | Mar 31, 2026 | ≈$2.4B+27% y/y | ≈$0.58+29% y/y |
| Feb 26, 2026 Thu | 4:24 pmafter market close | Dec 31, 2025 | ≈$2.1B+18% y/y | ≈$0.46+64% y/y |
| Nov 6, 2025 Thu | 4:27 pmafter market close | Sep 30, 2025 | ≈$2.2B+17% y/y | ≈$0.54+42% y/y |
| Aug 7, 2025 Thu | 4:22 pmafter market close | Jun 30, 2025 | ≈$2.1B+11% y/y | ≈$0.50+16% y/y |
| May 8, 2025 Thu | 4:21 pmafter market close | Mar 31, 2025 | ≈$1.9B−2% y/y | ≈$0.45+7% y/y |
| Feb 27, 2025 Thu | 4:19 pmafter market close | Dec 31, 2024 | ≈$1.8B+5% y/y | ≈$0.28−20% y/y |
| Nov 7, 2024 Thu | 4:22 pmafter market close | Sep 30, 2024 | ≈$1.9B+1% y/y | ≈$0.38−14% y/y |
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Monster Beverage: 5-year financials
| 2025 | 8,294 | 2,419 | 1,905 | 1,966 |
| 2024 | 7,493 | 1,930 | 1,509 | 1,665 |
| 2023 | 7,140 | 1,953 | 1,631 | 1,496 |
| 2022 | 6,311 | 1,585 | 1,192 | 699 |
| 2021 | 5,541 | 1,798 | 1,378 | 1,112 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP).
How we calculate
Figures are the annual report lines as filed, no adjustments. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing.
Corporate governance
2/2good
How the company treats minority shareholders: 2 — well, 0 — systematically poorly.
More
- Jan 2015The court approved the settlement of the shareholder class action Cunha v. Hansen Natural: Monster's insurers paid $16.25M, and the company admitted no wrongdoing. sec.gov ↗
- Oct 2007The court dismissed with prejudice the shareholder class action against Hansen Natural (Monster's predecessor) over stock option backdating; the ruling is final. sec.gov ↗
- Mar 20262026 proxy: Coca-Cola owns 20.9% of the shares; Monster bought $5.8M of promotional merchandise in 2025 from IFM Group, owned by executives' families. sec.gov ↗
- Dec 2025Diluted share count fell 8% over 2020–2025 on buybacks of up to $3.8B a year; SBC is 1.5% of revenue. data.sec.gov ↗
Scoring: 2.0, no deductions: single class of stock, share count −8% over 5 years, large buybacks; the 2008 shareholder suit was settled for $16.25M by insurers (< $50M), the 2007 options suit was dismissed by the court; transactions with the founders' families' firm ($5.8M a year) are immaterial
- Share classes
- Single class — MNST common stock on Nasdaq (cover of 2025 10-K); Coca-Cola owns 20.9% with no special voting rights.
- Dilution
- Diluted share count 2020→2025 −8.0% (XBRL); SBC 1.5% of revenue.
- Disclosure
- Full 10-K/10-Q reporting.
- Dividends
- Pays no dividends and has no payout policy; returns capital through buybacks ($0.1–3.8B a year).
- Lawsuits & regulators
- The Cunha suit (2008, distribution channels) was settled in 2015 for $16.25M, paid by insurers — below the threshold; the 2007 options backdating suit was dismissed with prejudice (October 2007); no SEC cases.
- Related parties
- 2026 proxy: purchases of promotional merchandise from IFM Group (owned by the Sacks and Schlosberg families) of $5.8M in 2025 (<0.1% of revenue), the Kona JV with director Mark Hall, employment of relatives; approved by the audit committee, amounts immaterial — no deduction.
How the score works · checked as of Sep 2026
Monster Beverage (MNST) earnings: FAQ
How does Monster Beverage make money?
Monster Beverage brought in $2.54 billion of revenue in Q2 2026, up 20.2% year over year. The largest source was Monster Energy Drinks: $2.36 billion, or 93% of the total, followed by Strategic Brands ($144M, 6%) and Alcohol Brands ($32.2M, 1%). Net income for the quarter was $585 million, up 19.6% year over year.
When is MNST's next earnings date?
Monster Beverage (MNST) has not confirmed the date yet; Nov 5, 2026 is an estimate based on its past reporting schedule.
What time does MNST report earnings?
Monster Beverage usually reports after market close: its latest results release was filed with the SEC at 4:23 pm ET on Aug 6, 2026.
When did MNST last report earnings?
Monster Beverage reported Q2 2026 results on Aug 6, 2026.
What is the EPS estimate for MNST's next earnings?
The consensus EPS forecast is $0.29 (9 analysts), vs $0.28 in the same quarter last year.
Where can I find Monster Beverage's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to MNST's filings; this page breaks the latest report down in a Sankey chart.
What was MNST's net income in Q2 2026?
Monster Beverage reported net income of $585M for Q2 2026 (+19.6% year over year), under US GAAP.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report. Figures checked against the filing on 08/26/2026. How we make the breakdowns · Report an error
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