Monster Beverage (MNST) Operating Expenses (2009 - 2026)
Monster Beverage's (MNST) quarterly Operating Expenses came in at $679.2 million in Q2 2026, up 24.67% year-over-year from $544.8 million in Q2 2025, and up 20.55% quarter-over-quarter from $563.4 million in Q1 2026.
Monster Beverage (MNST) Operating Expenses (2009 - 2026) Analysis & Trends
Monster Beverage (MNST) has reported Operating Expenses for 18 consecutive years, with $679.2 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 24.67% year-over-year to $679.2 million in Q2 2026; TTM through Jun 2026 was $2.4 billion, a 12.4% increase from a year earlier, with the FY2025 full-year figure at $2.2 billion, up 4.45% from the prior year.
- Operating Expenses was $679.2 million for Q2 2026 at Monster Beverage, up from $563.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at $679.2 million in Q2 2026 and troughed at $377.2 million in Q1 2022.
- A 5-year average of $500.3 million and a median of $488.7 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses soared 30.9% in 2022 and retreated 1.43% in 2025, its largest moves.
- Over 5 years, Operating Expenses stood at $390.0 million in 2022, then advanced by 29.35% to $504.4 million in 2023, then increased by 23.16% to $621.2 million in 2024, then grew by 3.14% to $640.7 million in 2025, then grew by 6.01% to $679.2 million in 2026.
- The last three Operating Expenses figures came in at $679.2 million (Q2 2026), $563.4 million (Q1 2026), and $640.7 million (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 379.05 Bn | 367.07 Bn | 8.42 Bn | 3.72 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 | 1.49 Bn |
| 4 | Pepsico | 177.68 Bn | 167.14 Bn | 13.11 Bn | 9.09 Bn |
| 5 | Monster Beverage | 86.02 Bn | 82.60 Bn | 1.42 Bn | 679.19 Mn |
| 6 | Ambev | 46.18 Bn | 42.67 Bn | 2.06 Bn | -724.58 Mn |
| 7 | Coca-Cola Europacific Partners | 44.77 Bn | 44.20 Bn | - | -5.53 Bn |
| 8 | Keurig Dr Pepper | 43.22 Bn | 45.90 Bn | 3.07 Bn | 46.00 Mn |
| 9 | Andina Bottling | 28.97 Bn | -301.93 Bn | 698.26 Mn | 618.19 Mn |
| 10 | Constellation Brands | 19.91 Bn | 19.81 Bn | 1.32 Bn | 457.00 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 679.19 Mn |
| Mar 31, 2026 | 563.39 Mn |
| Dec 31, 2025 | 640.70 Mn |
| Sep 30, 2025 | 549.13 Mn |
| Jun 30, 2025 | 544.79 Mn |
| Mar 31, 2025 | 478.22 Mn |
| Dec 31, 2024 | 621.22 Mn |
| Sep 30, 2024 | 519.88 Mn |
| Jun 30, 2024 | 492.34 Mn |
| Mar 31, 2024 | 485.14 Mn |
| Dec 31, 2023 | 504.41 Mn |
| Sep 30, 2023 | 473.24 Mn |
| Jun 30, 2023 | 450.42 Mn |
| Mar 31, 2023 | 412.79 Mn |
| Dec 31, 2022 | 389.96 Mn |
| Sep 30, 2022 | 415.80 Mn |
| Jun 30, 2022 | 406.91 Mn |
| Mar 31, 2022 | 377.18 Mn |
| Dec 31, 2021 | 354.70 Mn |
| Sep 30, 2021 | 344.69 Mn |
Monster Beverage Operating Expenses 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=operating-expenses&ticker=MNST&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=MNST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();