Monster Beverage (MNST) Operating Margin (2009 - 2026)
Monster Beverage's (MNST) quarterly Operating Margin came in at 29.18% in Q2 2026, down 73.0% year-over-year from 108.08% in Q2 2025, and down 5.93% quarter-over-quarter from 31.02% in Q1 2026.
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Analysis
Monster Beverage (MNST) Operating Margin (2009 - 2026) Analysis & Trends
Monster Beverage (MNST) has reported Operating Margin for 18 consecutive years, with 29.18% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin fell 73.0% year-over-year to 29.18% in Q2 2026; TTM through Jun 2026 was 29.16%, a 223.0% increase from a year earlier, with the FY2025 full-year figure at 29.17%, up 341.0% from the prior year.
- Operating Margin was 29.18% for Q2 2026 at Monster Beverage, down from 31.02% in the prior quarter.
- Over five years, Operating Margin peaked at 31.02% in Q1 2026 and troughed at 21.04% in Q4 2024.
- A 5-year average of 27.22% and a median of 27.62% in 2023 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin slumped 1345 bps in 2022 and surged 571 bps in 2023, its largest moves.
- Over 5 years, Operating Margin stood at 26.07% in 2022, then dropped by 4 bps to 25.08% in 2023, then fell by 16 bps to 21.04% in 2024, then rose by 21 bps to 25.46% in 2025, then climbed by 15 bps to 29.18% in 2026.
- The last three Operating Margin figures came in at 29.18% (Q2 2026), 31.02% (Q1 2026), and 25.46% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 379.05 Bn | 367.07 Bn | 8.42 Bn | 34.92% |
| 2 | Diageo | 209.58 Bn | 209.63 Bn | - | - |
| 3 | Coca Cola Femsa Sab De Cv | 185.97 Bn | 185.19 Bn | 2.06 Bn | 13.96% |
| 4 | Pepsico | 177.68 Bn | 167.14 Bn | 13.11 Bn | 16.64% |
| 5 | Monster Beverage | 86.02 Bn | 82.60 Bn | 1.42 Bn | 29.18% |
| 6 | Ambev | 46.18 Bn | 42.67 Bn | 2.06 Bn | 23.89% |
| 7 | Coca-Cola Europacific Partners | 44.77 Bn | 44.20 Bn | - | - |
| 8 | Keurig Dr Pepper | 43.22 Bn | 45.90 Bn | 3.07 Bn | 8.59% |
| 9 | Andina Bottling | 28.97 Bn | -301.93 Bn | 698.26 Mn | 5,344.68% |
| 10 | Constellation Brands | 19.91 Bn | 19.81 Bn | 1.32 Bn | 32.63% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.18% |
| Mar 31, 2026 | 31.02% |
| Dec 31, 2025 | 25.46% |
| Sep 30, 2025 | 30.74% |
| Jun 30, 2025 | 29.91% |
| Mar 31, 2025 | 30.72% |
| Dec 31, 2024 | 21.04% |
| Sep 30, 2024 | 25.51% |
| Jun 30, 2024 | 27.74% |
| Mar 31, 2024 | 28.54% |
| Dec 31, 2023 | 25.08% |
| Sep 30, 2023 | 27.51% |
| Jun 30, 2023 | 28.24% |
| Mar 31, 2023 | 28.55% |
| Dec 31, 2022 | 26.07% |
| Sep 30, 2022 | 25.73% |
| Jun 30, 2022 | 22.53% |
| Mar 31, 2022 | 26.31% |
| Dec 31, 2021 | 28.97% |
| Sep 30, 2021 | 31.51% |
API Access
Monster Beverage Operating Margin 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-margin&ticker=MNST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=MNST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();