Monster Beverage (MNST) Tax Rate (2009 - 2026)
Monster Beverage (MNST) posted quarterly Tax Rate of 24.08% for Q1 2026, up 72.0% year-over-year from 14.0% in Q1 2025, and up 120.01% quarter-over-quarter from 120.34% in Q4 2025.
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Analysis
Monster Beverage (MNST) Tax Rate (2009 - 2026) Analysis & Trends
Monster Beverage (MNST) has reported Tax Rate for 18 consecutive years, with 24.08% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate rose 72.0% year-over-year to 24.08%; the TTM figure through Mar 2026 stood at 1.45% (down 2927.0% YoY), while the FY2025 annual figure was 0.43%, down 3120.0% from the prior year.
- Tax Rate rose to 24.08% in Q1 2026 per MNST's latest filing, from 120.34% in the prior quarter.
- Across five years, Tax Rate topped out at 25.35% in Q2 2022 and bottomed at 173.65% in Q4 2024.
- Historically, Tax Rate has averaged 2.2% across 5 years, with a median of 23.21% in 2023.
- Annual changes were most pronounced in 2022 — Tax Rate surged 8943 bps — and 2024, when it sank 19142 bps.
- Monster Beverage's Tax Rate stood at 10.58% in 2022, then soared by 68 bps to 17.77% in 2023, then plunged by 1077 bps to 173.65% in 2024, then soared by 31 bps to 120.34% in 2025, then surged by 120 bps to 24.08% in 2026.
- Business Quant data shows MNST's Tax Rate at 24.08% in Q1 2026, 120.34% in Q4 2025, and 23.94% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 383.01 Bn | 368.86 Bn | 8.42 Bn | 18.94% |
| 2 | Pepsico | 191.02 Bn | 180.31 Bn | 13.11 Bn | 22.01% |
| 3 | Coca Cola Femsa Sab De Cv | 190.39 Bn | 190.39 Bn | 2.06 Bn | 29.65% |
| 4 | Monster Beverage | 87.08 Bn | 83.66 Bn | 1.42 Bn | 23.91% |
| 5 | Coca-Cola Europacific Partners | 49.71 Bn | 48.55 Bn | - | - |
| 6 | Keurig Dr Pepper | 44.67 Bn | 43.15 Bn | 3.07 Bn | 31.15% |
| 7 | Andina Bottling | 23.19 Bn | 22.72 Bn | 698.26 Mn | -32.50% |
| 8 | Coca-Cola Consolidated | 13.13 Bn | 12.96 Bn | 778.41 Mn | 26.17% |
| 9 | Celsius Holdings | 7.99 Bn | 7.35 Bn | 393.69 Mn | 20.48% |
| 10 | Primo Brands | 7.83 Bn | 7.46 Bn | 548.70 Mn | 28.73% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.91% |
| Mar 31, 2026 | 24.08% |
| Dec 31, 2025 | 20.96% |
| Sep 30, 2025 | 23.94% |
| Jun 30, 2025 | 24.42% |
| Mar 31, 2025 | 23.36% |
| Dec 31, 2024 | 29.88% |
| Sep 30, 2024 | 21.76% |
| Jun 30, 2024 | 22.88% |
| Mar 31, 2024 | 23.49% |
| Dec 31, 2023 | 18.46% |
| Sep 30, 2023 | 22.20% |
| Jun 30, 2023 | 23.21% |
| Mar 31, 2023 | 20.12% |
| Dec 31, 2022 | 23.34% |
| Sep 30, 2022 | 23.26% |
| Jun 30, 2022 | 25.35% |
| Mar 31, 2022 | 24.98% |
| Dec 31, 2021 | 23.32% |
| Sep 30, 2021 | 23.74% |