Monster Beverage (MNST) Operating Expenses (2009 - 2026)

For the trailing twelve months through Jun 30, 2026, Operating Expenses at Monster Beverage was $2.43 billion, up 12.4% year-over-year; for FY2025, it came in at $2.21 billion, up 4.4% from FY2024.

• Annual Operating Expenses has increased for five consecutive years, with a five-year compound annual growth rate of 15.2% (FY2020 to FY2025).
• In prior years, Monster Beverage's Operating Expenses was $2.12 billion in FY2024 (+15.1%), $1.84 billion in FY2023 (+15.8%), $1.59 billion in FY2022 (+21.3%) and $1.31 billion in FY2021 (+20.2%).
• The Q2 2026 figure stands as the highest quarterly Operating Expenses in data going back to Q2 2009.
• On a year-over-year basis, Operating Expenses has increased in each of the last five quarters, with growth averaging 11.7% over the last eight quarters.
• The strongest year-over-year quarter for Operating Expenses in the past five years was Q2 2022, with growth of 30.9%; the weakest was Q1 2025, with a decline of 1.4%.
• According to Business Quant data, Operating Expenses for the three prior quarters was $563.39 million (Q1 2026), $640.7 million (Q4 2025) and $549.13 million (Q3 2025).