Monster Beverage (MNST) income statement
NASDAQ · Consumer Defensive · Beverages - Non-Alcoholic · 6,332 employees · CEO Hilton H. Schlosberg
- Price
- $47.34 +2.14%
- Market cap
- $92.7B
- Enterprise value
- $90.5B
- Last report
- Q2 '26 filed 2026-08-07
- Next report
- 2026-11-05 EPS est. $0.30
Monster Beverage (MNST) reported revenue of $2.54B for Q2 '26 (+20.2% year on year), operating income of $740M (29.2% of revenue) and net income of $585M. Over the last four quarters revenue was $9.22B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.86B | $1.73B | $1.9B | $1.9B | $1.88B | $1.81B | $1.85B | $2.11B | $2.2B | $2.13B | $2.35B | $2.54B | |
| Cost of revenue | $872M | $792M | $872M | $881M | $881M | $810M | $807M | $935M | $973M | $948M | $1.06B | $1.12B | |
| Gross profit | $984M | $938M | $1.03B | $1.02B | $1B | $1B | $1.05B | $1.18B | $1.22B | $1.18B | $1.29B | $1.42B | |
| Sales & marketing | $8.8M | $727M | $0 | $0 | $9.9M | $780M | $0 | $0 | $0 | $0 | $0 | $0 | |
| General & administrative | $456M | -$246M | $0 | $0 | $510M | -$286M | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other operating expenses | $8M | $23.6M | $485M | $492M | $0 | $127M | $478M | $545M | $549M | $641M | $563M | $679M | |
| Operating expenses | $473M | $504M | $485M | $492M | $520M | $621M | $478M | $545M | $549M | $641M | $563M | $679M | |
| Operating income | $511M | $434M | $542M | $527M | $480M | $381M | $570M | $632M | $675M | $543M | $730M | $740M | |
| Interest income | $39.3M | $37.9M | $41.2M | $38.2M | $18.1M | $17.5M | $16.8M | $18.1M | $24.2M | $26.1M | $20.2M | $0 | |
| Interest expense | $0 | $0 | $0 | $4.9M | $12.5M | $10.4M | $4M | $1.8M | $500K | $300K | $600K | $0 | |
| Other non-operating income (gains on investments, FX ...) | -$71.4M | -$16.1M | -$35.9M | -$29.3M | -$6.68M | -$15.3M | -$12.3M | -$16.9M | -$14.7M | -$26M | -$20.8M | -$27.8M | |
| Total non-operating income | $71.4M | $16.1M | $35.8M | $24.4M | -$5.82M | $4.85M | $8.27M | $15.1M | $14.2M | $25.7M | $20.2M | $27.8M | |
| Income before tax | $582M | $450M | $578M | $552M | $474M | $386M | $578M | $647M | $690M | $568M | $750M | $768M | |
| Income tax | $129M | $83.1M | $136M | $126M | $103M | $115M | $135M | $158M | $165M | $119M | $181M | $184M | |
| Net income | $453M | $367M | $442M | $425M | $371M | $271M | $443M | $489M | $524M | $449M | $569M | $585M | |
| EPS (basic) | $0.22 | $0.18 | $0.21 | $0.21 | $0.19 | $0.14 | $0.23 | $0.25 | $0.27 | $0.23 | $0.29 | $0.30 | |
| EPS (diluted) | $0.22 | $0.18 | $0.21 | $0.21 | $0.19 | $0.14 | $0.23 | $0.25 | $0.27 | $0.23 | $0.29 | $0.30 | |
| Shares (basic, weighted) | 2.09B | 2.08B | 2.08B | 2.06B | 1.95B | 1.95B | 1.95B | 1.95B | 1.95B | 1.96B | 1.96B | 1.96B | |
| Shares (diluted, weighted) | 2.12B | 2.11B | 2.1B | 2.07B | 1.97B | 1.96B | 1.96B | 1.97B | 1.97B | 1.97B | 1.98B | 1.98B | |
| Depreciation & amortization | $18M | $18.5M | $20.5M | $19.4M | $19.9M | $20.6M | $24.8M | $27.6M | $29.6M | $32.4M | $28.4M | $29.8M | |
| EBITDA | $600M | $469M | $598M | $576M | $507M | $417M | $607M | $676M | $720M | $601M | $779M | $798M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.05B | $3.37B | $3.81B | $4.2B | $4.6B | $5.54B | $6.31B | $7.14B | $7.49B | $8.29B | |
| Cost of revenue | $1.11B | $1.23B | $1.51B | $1.68B | $1.87B | $2.43B | $3.14B | $3.35B | $3.44B | $3.66B | |
| Gross profit | $1.94B | $2.14B | $2.3B | $2.52B | $2.72B | $3.11B | $3.17B | $3.79B | $4.05B | $4.63B | |
| Sales & marketing | $0 | $0 | $0 | $0 | $480M | $632M | $710M | $753M | $808M | $0 | |
| General & administrative | $0 | $0 | $0 | $0 | $611M | $674M | $878M | $1.05B | $1.18B | $0 | |
| Other operating expenses | $857M | $939M | $1.01B | $1.12B | $200K | $5.3M | $2.2M | $38.7M | $127M | $2.21B | |
| Operating expenses | $857M | $939M | $1.01B | $1.12B | $1.09B | $1.31B | $1.59B | $1.84B | $2.12B | $2.21B | |
| Operating income | $1.09B | $1.2B | $1.28B | $1.4B | $1.63B | $1.8B | $1.58B | $1.95B | $1.93B | $2.42B | |
| Interest income | $4M | $5.9M | $13.8M | $17.8M | $8.1M | $4.2M | $29.7M | $130M | $115M | $85.2M | |
| Interest expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $27.9M | $6.6M | |
| Other non-operating income (gains on investments, FX ...) | $0 | $0 | $0 | $0 | $0 | -$3.95M | $12.8M | -$115M | -$87.1M | -$69.8M | |
| Total non-operating income | -$5.65M | $2.84M | $9.65M | $13M | -$7M | $3.95M | -$12.8M | $115M | $59.2M | $63.2M | |
| Income before tax | $1.08B | $1.2B | $1.29B | $1.42B | $1.63B | $1.8B | $1.57B | $2.07B | $1.99B | $2.48B | |
| Income tax | $367M | $381M | $300M | $308M | $217M | $424M | $380M | $437M | $480M | $577M | |
| Net income | $713M | $821M | $993M | $1.11B | $1.41B | $1.38B | $1.19B | $1.63B | $1.51B | $1.91B | |
| EPS (basic) | $0.31 | $0.37 | $0.45 | $0.51 | $0.67 | $0.65 | $0.57 | $0.78 | $0.75 | $0.98 | |
| EPS (diluted) | $0.30 | $0.36 | $0.44 | $0.51 | $0.66 | $0.65 | $0.56 | $0.77 | $0.75 | $0.97 | |
| Shares (basic, weighted) | 2.35B | 2.27B | 2.23B | 2.17B | 2.12B | 2.12B | 2.11B | 2.09B | 2.01B | 1.95B | |
| Shares (diluted, weighted) | 2.4B | 2.31B | 2.26B | 2.19B | 2.14B | 2.14B | 2.13B | 2.12B | 2.03B | 1.97B | |
| Depreciation & amortization | $40.8M | $48.9M | $57M | $60.7M | $57M | $50.2M | $61.2M | $68.9M | $80.4M | $114M | |
| EBITDA | $1.13B | $1.25B | $1.34B | $1.46B | $1.69B | $1.85B | $1.63B | $2.14B | $2.1B | $2.6B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01