Monster Beverage (MNST) Tax Rate (2009 - 2026)
Monster Beverage (MNST) posted Tax Rate of 23.91% for Q2 2026, down 0.50 percentage points from 24.42% a year earlier and down 0.17 percentage points from the prior quarter.
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Analysis
Monster Beverage (MNST) Tax Rate (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Tax Rate at Monster Beverage was 23.36%, down 1.17 percentage points year-over-year; for FY2025, it was 23.25%, down 0.90 percentage points from FY2024.
- Annual Tax Rate shows a five-year change of +9.93 percentage points (FY2020 to FY2025).
- In prior years, Monster Beverage's Tax Rate was 24.15% in FY2024 (+3.00 pp), 21.15% in FY2023 (-3.04 pp), 24.20% in FY2022 (+0.66 pp) and 23.53% in FY2021 (+10.22 pp).
- Quarterly Tax Rate has run from a low of 18.46% in Q4 2023 to a high of 29.88% in Q4 2024 over five years.
- On a year-over-year basis, Tax Rate increased in four of the last eight quarters, with an average year-over-year change of +0.73 percentage points.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q4 2021, with a gain of 41.02 percentage points; the weakest was Q4 2025, with a drop of 8.92 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was 24.08% (Q1 2026), 20.96% (Q4 2025) and 23.94% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 397.88 Bn | 384.35 Bn | 8.42 Bn | 18.94% |
| 2 | Coca Cola Femsa Sab De Cv | 198.62 Bn | 198.62 Bn | 2.06 Bn | 29.65% |
| 3 | Pepsico | 178.00 Bn | 135.77 Bn | 13.75 Bn | 21.36% |
| 4 | Monster Beverage | 88.16 Bn | 76.41 Bn | 1.42 Bn | 23.91% |
| 5 | Diageo | 52.30 Bn | 32.37 Bn | - | - |
| 6 | Ambev | 51.15 Bn | 36.44 Bn | 2.06 Bn | - |
| 7 | Coca-Cola Europacific Partners | 49.92 Bn | 42.59 Bn | - | - |
| 8 | Keurig Dr Pepper | 45.97 Bn | 42.01 Bn | 3.07 Bn | 31.15% |
| 9 | Constellation Brands | 22.13 Bn | 21.68 Bn | 1.39 Bn | 20.17% |
| 10 | Coca-Cola Consolidated | 14.01 Bn | 11.65 Bn | 778.41 Mn | 26.17% |
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% |
API Access
Monster Beverage Tax Rate 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=tax-rate&ticker=MNST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=MNST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();