Monster Beverage (MNST) Cost of Revenue (2009 - 2026)
Monster Beverage's (MNST) quarterly Cost of Revenue came in at $1.1 billion in Q2 2026, up 19.53% year-over-year from $935.2 million in Q2 2025, and up 5.46% quarter-over-quarter from $1.1 billion in Q1 2026.
Powered by 
Analysis
Monster Beverage (MNST) Cost of Revenue (2009 - 2026) Analysis & Trends
Monster Beverage (MNST) has reported Cost of Revenue for 18 consecutive years, with $1.1 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 19.53% year-over-year to $1.1 billion in Q2 2026; TTM through Jun 2026 was $4.1 billion, a 19.39% increase from a year earlier, with the FY2025 full-year figure at $3.7 billion, up 6.34% from the prior year.
- Cost of Revenue was $1.1 billion for Q2 2026 at Monster Beverage, up from $1.1 billion in the prior quarter.
- Over five years, Cost of Revenue peaked at $1.1 billion in Q2 2026 and troughed at $728.6 million in Q4 2022.
- A 5-year average of $875.9 million and a median of $873.8 million in 2022 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue jumped 40.28% in 2022 and slipped 7.5% in 2025, its largest moves.
- Over 5 years, Cost of Revenue stood at $728.6 million in 2022, then rose by 8.66% to $791.7 million in 2023, then gained by 2.26% to $809.6 million in 2024, then increased by 17.06% to $947.7 million in 2025, then increased by 17.95% to $1.1 billion in 2026.
- The last three Cost of Revenue figures came in at $1.1 billion (Q2 2026), $1.1 billion (Q1 2026), and $947.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 379.05 Bn | 367.07 Bn | 8.42 Bn | 4.97 Bn |
| 2 | Diageo | 209.58 Bn | 209.63 Bn | - | - |
| 3 | Coca Cola Femsa Sab De Cv | 185.97 Bn | 185.19 Bn | 2.06 Bn | 2.32 Bn |
| 4 | Pepsico | 177.68 Bn | 167.14 Bn | 13.11 Bn | 11.07 Bn |
| 5 | Monster Beverage | 86.02 Bn | 82.60 Bn | 1.42 Bn | 1.12 Bn |
| 6 | Ambev | 46.18 Bn | 42.67 Bn | 2.06 Bn | 1.92 Bn |
| 7 | Coca-Cola Europacific Partners | 44.77 Bn | 44.20 Bn | - | 15.67 Bn |
| 8 | Keurig Dr Pepper | 43.22 Bn | 45.90 Bn | 3.07 Bn | 4.24 Bn |
| 9 | Andina Bottling | 28.97 Bn | -301.93 Bn | 698.26 Mn | 1.05 Bn |
| 10 | Constellation Brands | 19.91 Bn | 19.81 Bn | 1.32 Bn | 1.11 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.12 Bn |
| Mar 31, 2026 | 1.06 Bn |
| Dec 31, 2025 | 947.72 Mn |
| Sep 30, 2025 | 972.65 Mn |
| Jun 30, 2025 | 935.18 Mn |
| Mar 31, 2025 | 806.60 Mn |
| Dec 31, 2024 | 809.60 Mn |
| Sep 30, 2024 | 881.17 Mn |
| Jun 30, 2024 | 881.09 Mn |
| Mar 31, 2024 | 871.97 Mn |
| Dec 31, 2023 | 791.74 Mn |
| Sep 30, 2023 | 872.27 Mn |
| Jun 30, 2023 | 880.74 Mn |
| Mar 31, 2023 | 801.08 Mn |
| Dec 31, 2022 | 728.62 Mn |
| Sep 30, 2022 | 790.56 Mn |
| Jun 30, 2022 | 875.40 Mn |
| Mar 31, 2022 | 741.91 Mn |
| Dec 31, 2021 | 657.46 Mn |
| Sep 30, 2021 | 621.40 Mn |
API Access
Monster Beverage Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MNST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "MNST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MNST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();