Monster Beverage (MNST) Tax Rate (2009 - 2026)
Monster Beverage (MNST) reported Tax Rate of 24.08% for Q1 2026, up 72.0% year-over-year from 14.0% in Q1 2025, and up 19.26% quarter-over-quarter from 20.19% in Q4 2025.
Monster Beverage (MNST) Tax Rate (2009 - 2026) Analysis & Trends
Monster Beverage (MNST) has 18 years of Tax Rate data on file, last reported at 24.08% in Q1 2026.
- Tax Rate for Q1 2026 came in at 24.08%, up 72.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 23.29% (down 8210.0% YoY), and the FY2025 annual result was 23.07%, down 8254.0% from the prior year.
- Tax Rate advanced to 24.08% in Q1 2026 per MNST's latest filing, from 20.19% in the prior quarter.
- Over five years, Tax Rate peaked at 29.31% in Q4 2022 and troughed at 9.44% in Q4 2024.
- A 5-year average of 20.86% and a median of 23.26% in 2022 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2022 and 2024: Tax Rate soared 3895 bps in 2022, then plunged 2103 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 29.31% in 2022, then slumped by 60 bps to 11.59% in 2023, then tumbled by 181 bps to 9.44% in 2024, then surged by 314 bps to 20.19% in 2025, then increased by 19 bps to 24.08% in 2026.
- Business Quant data shows MNST's Tax Rate at 24.08% in Q1 2026, 20.19% in Q4 2025, and 23.94% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 341.39 Bn | 332.40 Bn | 7.85 Bn | 13.99 |
| 2 | Pepsico | 194.25 Bn | 183.58 Bn | 10.73 Bn | 21.28 |
| 3 | Monster Beverage | 89.38 Bn | 86.39 Bn | 1.29 Bn | 24.08 |
| 4 | Coca Cola Femsa Sab De Cv | 87.89 Bn | 86.38 Bn | 1.89 Bn | 36.22 |
| 5 | Keurig Dr Pepper | 41.86 Bn | 27.96 Bn | 2.10 Bn | 24.37 |
| 6 | Coca-Cola Consolidated | 10.27 Bn | 10.04 Bn | 727.08 Mn | 26.23 |
| 7 | Primo Brands | 8.82 Bn | 8.54 Bn | 464.90 Mn | 33.09 |
| 8 | Celsius Holdings | 7.92 Bn | 7.37 Bn | 378.07 Mn | 19.95 |
| 9 | Vita Coco Company | 4.80 Bn | 4.59 Bn | 71.81 Mn | 18.61 |
| 10 | National Beverage | 3.40 Bn | 3.09 Bn | 99.60 Mn | 23.60 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.08% |
| Mar 31, 2026 | 24.08% |
| Dec 31, 2025 | 20.19% |
| Dec 31, 2025 | 20.19% |
| Sep 30, 2025 | 23.94% |
| Sep 30, 2025 | 23.94% |
| Jun 30, 2025 | 24.42% |
| Jun 30, 2025 | 24.42% |
| Mar 31, 2025 | 23.36% |
| Mar 31, 2025 | 23.36% |
| Dec 31, 2024 | -9.44% |
| Dec 31, 2024 | -9.44% |
| Sep 30, 2024 | 21.76% |
| Sep 30, 2024 | 21.76% |
| Jun 30, 2024 | 22.88% |
| Jun 30, 2024 | 22.88% |
| Mar 31, 2024 | 23.49% |
| Mar 31, 2024 | 23.49% |
| Dec 31, 2023 | 11.59% |
| Dec 31, 2023 | 11.59% |