Monster Beverage (MNST) Operating Expenses (2009 - 2026)
Monster Beverage (MNST) posted quarterly Operating Expenses of $563.4 million for Q1 2026, up 17.81% year-over-year from $478.2 million in Q1 2025, and down 12.07% quarter-over-quarter from $640.7 million in Q4 2025.
Monster Beverage (MNST) Operating Expenses (2009 - 2026) Analysis & Trends
Monster Beverage (MNST) has reported Operating Expenses for 18 consecutive years, with $563.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 17.81% year-over-year to $563.4 million; the TTM figure through Mar 2026 stood at $2.3 billion (up 8.82% YoY), while the FY2025 annual figure was $2.2 billion, up 4.45% from the prior year.
- Operating Expenses declined to $563.4 million in Q1 2026 per MNST's latest filing, from $640.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at $640.7 million in Q4 2025 and bottomed at $377.2 million in Q1 2022.
- Historically, Operating Expenses has averaged $489.7 million across 5 years, with a median of $485.1 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 30.9% — and 2025, when it decreased 1.43%.
- Monster Beverage's Operating Expenses stood at $390.0 million in 2022, then grew by 29.35% to $504.4 million in 2023, then gained by 23.16% to $621.2 million in 2024, then rose by 3.14% to $640.7 million in 2025, then declined by 12.07% to $563.4 million in 2026.
- Business Quant data shows MNST's Operating Expenses at $563.4 million in Q1 2026, $640.7 million in Q4 2025, and $549.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 374.58 Bn | 362.59 Bn | 8.42 Bn | 3.72 Bn |
| 2 | Pepsico | 189.90 Bn | 179.36 Bn | 13.11 Bn | 9.09 Bn |
| 3 | Coca Cola Femsa Sab De Cv | 189.59 Bn | 189.59 Bn | 2.06 Bn | 1.49 Bn |
| 4 | Monster Beverage | 102.51 Bn | 99.53 Bn | 1.42 Bn | 679.19 Mn |
| 5 | Coca-Cola Europacific Partners | 49.38 Bn | 48.76 Bn | - | - |
| 6 | Keurig Dr Pepper | 40.83 Bn | 43.85 Bn | 2.10 Bn | 1.34 Bn |
| 7 | Andina Bottling | 22.72 Bn | 63.23 Bn | 319.18 Bn | -225.94 Bn |
| 8 | Coca-Cola Consolidated | 10.91 Bn | 10.67 Bn | 778.41 Mn | 507.07 Mn |
| 9 | Primo Brands | 8.54 Bn | 8.17 Bn | 548.70 Mn | 355.50 Mn |
| 10 | Celsius Holdings | 7.18 Bn | 6.63 Bn | 393.69 Mn | 318.67 Mn |
Historic Data
Download 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 |