Monster Beverage (MNST) Shares Outstanding (Diluted) (2009 - 2026)
Monster Beverage's Shares Outstanding (Diluted) was 1.98 billion in Q2 2026, up 0.5% from 1.97 billion a year earlier and unchanged from the prior quarter.
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Analysis
Monster Beverage (MNST) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, Shares Outstanding (Diluted) at Monster Beverage came in at 1.97 billion, down 2.8% from FY2024.
- Shares Outstanding (Diluted) has now declined for four consecutive years, with a five-year compound annual growth rate of -1.6% (FY2020 to FY2025).
- In earlier years, Shares Outstanding (Diluted) was 2.03 billion in FY2024 (-4.2%), 2.12 billion in FY2023 (-0.8%), 2.13 billion in FY2022 (-0.5%) and 2.14 billion in FY2021 (+0.2%).
- The Q2 2026 figure marks the highest quarterly Shares Outstanding (Diluted) since Q4 2024.
- Compared with a year earlier, Shares Outstanding (Diluted) was higher in three of the last eight quarters, with an average decline of 3.1%.
- The best year-over-year quarter for Shares Outstanding (Diluted) over five years was Q1 2026 (growth of 0.7%); the worst was Q3 2024 (a decline of 7.2%).
- Per Business Quant data, MNST's Shares Outstanding (Diluted) in the three quarters before Q2 2026 was 1.98 billion (Q1 2026), 1.97 billion (Q4 2025) and 1.97 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 395.83 Bn | 382.30 Bn | 8.42 Bn | 4.31 Bn |
| 2 | Coca Cola Femsa Sab De Cv | 193.51 Bn | 193.51 Bn | 2.06 Bn | 142.00 Bn |
| 3 | Pepsico | 175.42 Bn | 133.18 Bn | 13.75 Bn | 1.37 Bn |
| 4 | Monster Beverage | 88.66 Bn | 76.91 Bn | 1.42 Bn | 1.98 Bn |
| 5 | Diageo | 52.30 Bn | 32.37 Bn | - | 557.75 Mn |
| 6 | Ambev | 50.76 Bn | 36.05 Bn | 2.06 Bn | 15.68 Bn |
| 7 | Coca-Cola Europacific Partners | 50.09 Bn | 42.76 Bn | - | 456.00 Mn |
| 8 | Keurig Dr Pepper | 46.34 Bn | 42.38 Bn | 3.07 Bn | 1.36 Bn |
| 9 | Constellation Brands | 22.12 Bn | 21.67 Bn | 1.39 Bn | 170.60 Mn |
| 10 | Coca-Cola Consolidated | 13.61 Bn | 11.24 Bn | 778.41 Mn | 76.78 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.98 Bn |
| Mar 31, 2026 | 1.98 Bn |
| Dec 31, 2025 | 1.97 Bn |
| Sep 30, 2025 | 1.97 Bn |
| Jun 30, 2025 | 1.97 Bn |
| Mar 31, 2025 | 1.96 Bn |
| Dec 31, 2024 | 2.03 Bn |
| Sep 30, 2024 | 1.97 Bn |
| Jun 30, 2024 | 2.07 Bn |
| Mar 31, 2024 | 2.10 Bn |
| Dec 31, 2023 | 2.12 Bn |
| Sep 30, 2023 | 2.12 Bn |
| Jun 30, 2023 | 2.12 Bn |
| Mar 31, 2023 | 2.12 Bn |
| Dec 31, 2022 | 2.13 Bn |
| Sep 30, 2022 | 2.13 Bn |
| Jun 30, 2022 | 2.14 Bn |
| Mar 31, 2022 | 2.14 Bn |
| Dec 31, 2021 | 2.14 Bn |
| Sep 30, 2021 | 2.14 Bn |
API Access
Monster Beverage Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=MNST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=MNST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();