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% on a QoQ basis from 20.19% in Q4 2025.
Monster Beverage (MNST) has 18 years of Tax Rate data on file, last reported at 24.08% in Q1 2026.
- Quarterly Tax Rate rose 72.0% year-over-year to 24.08% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 23.29% (down 8210.0% YoY) and the FY2025 annual result came in at 23.07%, down 8254.0% from the prior year.
- Tax Rate climbed to 24.08% in Q1 2026 per MNST's latest filing, from 20.19% in the prior quarter.
- Across five years, Tax Rate topped out at 29.31% in Q4 2022 and bottomed at 9.44% in Q4 2024.
- The 5-year median for Tax Rate is 23.26% (2022), against an average of 20.86%.
- The widest annual swing landed in 2022, when Tax Rate jumped 3895 bps; it then slumped 2103 bps in 2024.
- Tracing MNST's Tax Rate over 5 years: stood at 29.31% in 2022, then plunged by 60 bps to 11.59% in 2023, then sank by 181 bps to 9.44% in 2024, then soared by 314 bps to 20.19% in 2025, then climbed by 19 bps to 24.08% in 2026.
- Per Business Quant, the three latest MNST Tax Rate figures stand at 24.08% (Q1 2026), 20.19% (Q4 2025), and 23.94% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 338.61 Bn | 329.63 Bn | 7.85 Bn | 13.99 |
| 2 | Pepsico | 193.55 Bn | 182.88 Bn | 10.73 Bn | 21.28 |
| 3 | Monster Beverage | 87.17 Bn | 84.18 Bn | 1.29 Bn | 24.08 |
| 4 | Coca-Cola Europacific Partners | 47.66 Bn | 47.03 Bn | - | - |
| 5 | Keurig Dr Pepper | 41.05 Bn | 27.15 Bn | 2.10 Bn | 24.37 |
| 6 | Coca Cola Femsa Sab De Cv | 10.77 Bn | 9.26 Bn | 1.89 Bn | - |
| 7 | Coca-Cola Consolidated | 9.73 Bn | 9.50 Bn | 727.08 Mn | 26.23 |
| 8 | Primo Brands | 8.93 Bn | 8.64 Bn | 464.90 Mn | 33.09 |
| 9 | Celsius Holdings | 7.93 Bn | 7.38 Bn | 378.07 Mn | 19.95 |
| 10 | Vita Coco Company | 4.29 Bn | 4.08 Bn | 71.81 Mn | 18.61 |
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 |
| Sep 30, 2023 | 22.20 |
| Sep 30, 2023 | 22.20 |
| Jun 30, 2023 | 23.21 |
| Jun 30, 2023 | 23.21 |
| Mar 31, 2023 | 20.12 |
| Mar 31, 2023 | 20.12 |
| Dec 31, 2022 | 29.31 |
| Dec 31, 2022 | 29.31 |
| Sep 30, 2022 | 23.26 |
| Sep 30, 2022 | 23.26 |
| Jun 30, 2022 | 25.35 |
| Jun 30, 2022 | 25.35 |
| Mar 31, 2022 | 24.98 |
| Mar 31, 2022 | 24.98 |
| Dec 31, 2021 | -9.65 |
| Dec 31, 2021 | -9.65 |
| Sep 30, 2021 | 23.74 |
| Sep 30, 2021 | 23.74 |
| Jun 30, 2021 | 23.36 |
| Jun 30, 2021 | 23.36 |
| Mar 31, 2021 | 23.75 |
| Mar 31, 2021 | 23.75 |
| Dec 31, 2020 | -8.83 |
| Dec 31, 2020 | -8.83 |
| Sep 30, 2020 | 23.43 |
| Sep 30, 2020 | 23.43 |
| Jun 30, 2020 | 23.21 |
| Jun 30, 2020 | 23.21 |
| Mar 31, 2020 | 23.79 |
| Mar 31, 2020 | 23.79 |
| Dec 31, 2019 | 20.63 |
| Dec 31, 2019 | 20.63 |
| Sep 30, 2019 | 25.00 |
| Sep 30, 2019 | 25.00 |
| Jun 30, 2019 | 23.43 |
| Jun 30, 2019 | 23.43 |
| Mar 31, 2019 | 16.78 |
| Mar 31, 2019 | 16.78 |
| Dec 31, 2018 | 20.95 |
| Dec 31, 2018 | 20.95 |
| Sep 30, 2018 | 21.84 |
| Sep 30, 2018 | 21.84 |
| Jun 30, 2018 | 24.57 |
| Jun 30, 2018 | 24.57 |
| Mar 31, 2018 | 23.31 |
| Mar 31, 2018 | 23.31 |
| Dec 31, 2017 | -8.37 |
| Dec 31, 2017 | -8.37 |
| Sep 30, 2017 | 31.93 |
| Sep 30, 2017 | 31.93 |
| Jun 30, 2017 | 35.93 |
| Jun 30, 2017 | 35.93 |
| Mar 31, 2017 | 32.82 |
| Mar 31, 2017 | 32.82 |
| Dec 31, 2016 | -9.42 |
| Dec 31, 2016 | -9.42 |
| Sep 30, 2016 | 33.77 |
| Sep 30, 2016 | 33.77 |
| Jun 30, 2016 | 36.10 |
| Jun 30, 2016 | 36.10 |
| Mar 31, 2016 | 35.82 |
| Mar 31, 2016 | 35.82 |
| Dec 31, 2015 | 46.07 |
| Dec 31, 2015 | 46.07 |
| Sep 30, 2015 | 39.40 |
| Sep 30, 2015 | 39.40 |
| Jun 30, 2015 | 37.28 |
| Jun 30, 2015 | 37.28 |
| Mar 31, 2015 | 50.19 |
| Mar 31, 2015 | 50.19 |
| Dec 31, 2014 | 48.36 |
| Dec 31, 2014 | 48.36 |
| Sep 30, 2014 | 35.62 |
| Sep 30, 2014 | 35.62 |
| Jun 30, 2014 | 34.72 |
| Jun 30, 2014 | 34.72 |
| Mar 31, 2014 | 36.08 |
| Mar 31, 2014 | 36.08 |
| Dec 31, 2013 | -13.48 |
| Dec 31, 2013 | -13.48 |
| Sep 30, 2013 | 38.84 |
| Sep 30, 2013 | 38.84 |
| Jun 30, 2013 | 39.29 |
| Jun 30, 2013 | 39.29 |
| Mar 31, 2013 | 39.76 |
| Mar 31, 2013 | 39.76 |
| Dec 31, 2012 | 35.25 |
| Dec 31, 2012 | 35.25 |
| Sep 30, 2012 | 39.01 |
| Sep 30, 2012 | 39.01 |
| Jun 30, 2012 | 35.31 |
| Jun 30, 2012 | 35.31 |
| Mar 31, 2012 | 39.90 |
| Mar 31, 2012 | 39.90 |
| Dec 31, 2011 | 38.92 |
| Dec 31, 2011 | 38.92 |
| Sep 30, 2011 | 37.21 |
| Sep 30, 2011 | 37.21 |
| Jun 30, 2011 | 36.54 |
| Jun 30, 2011 | 36.54 |
| Mar 31, 2011 | 37.98 |
| Mar 31, 2011 | 37.98 |
| Dec 31, 2010 | 38.71 |
| Dec 31, 2010 | 38.71 |
| Sep 30, 2010 | 38.07 |
| Sep 30, 2010 | 38.07 |
| Jun 30, 2010 | 41.96 |
| Jun 30, 2010 | 41.96 |
| Mar 31, 2010 | 37.10 |
| Mar 31, 2010 | 37.10 |
| Dec 31, 2009 | 38.32 |
| Dec 31, 2009 | 38.32 |
| Sep 30, 2009 | 39.08 |
| Sep 30, 2009 | 39.08 |
| Jun 30, 2009 | 38.52 |
| Jun 30, 2009 | 38.52 |