Constellation Brands (STZ) Operating Expenses (2009 - 2026)
Constellation Brands' (STZ) quarterly Operating Expenses came in at $457.0 million in Q2 2026, down 8.73% year-on-year from $500.7 million in Q2 2025, and up 8.68% quarter-over-quarter from $420.5 million in Q1 2026.
Constellation Brands (STZ) Operating Expenses (2009 - 2026) Analysis & Trends
Constellation Brands' Operating Expenses history runs 18 years deep, the most recent figure standing at $457.0 million for Q2 2026.
- On a quarterly basis, Operating Expenses fell 8.73% year-over-year to $457.0 million in Q2 2026; TTM through May 2026 was $1.8 billion, a 9.24% decrease from a year earlier, with the FY2026 full-year figure at $1.8 billion, down 5.21% from the prior year.
- Operating Expenses improved to $457.0 million in Q2 2026 per STZ's latest filing, from $420.5 million in the prior quarter.
- Across five years, Operating Expenses topped out at $512.8 million in Q3 2022 and bottomed at $394.7 million in Q1 2024.
- The 5-year median for Operating Expenses is $477.0 million (2022), against an average of $470.6 million.
- Across the five-year window, Operating Expenses slipped 20.5% in 2024 and rose 28.02% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $480.2 million in 2022, then decreased by 1.35% to $473.7 million in 2023, then advanced by 3.72% to $491.3 million in 2024, then dropped by 0.02% to $491.2 million in 2025, then declined by 6.96% to $457.0 million in 2026.
- Per Business Quant, the three latest STZ Operating Expenses figures stand at $457.0 million (Q2 2026), $420.5 million (Q1 2026), and $491.2 million (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,411.86 Bn | 3,770.64 Bn | 387.52 Bn | -18.39 Bn |
| 2 | Mexican Economic Development | 1,226.22 Bn | 1,220.13 Bn | - | - |
| 3 | Anheuser-Busch InBev | 159.97 Bn | 147.75 Bn | 8.61 Bn | - |
| 4 | Ambev | 47.95 Bn | 44.18 Bn | 2.42 Bn | -700.76 Mn |
| 5 | Molson Coors Beverage | 7.81 Bn | 7.42 Bn | 897.20 Mn | 610.00 Mn |
| 6 | Boston Beer | 1.91 Bn | 1.65 Bn | 286.37 Mn | 215.60 Mn |
| 7 | NFiniTi | 720.00 Mn | 719.98 Mn | - | 73,077.00 |
| 8 | Constellation Brands | 55.83 Mn | -40.77 Mn | 1.32 Bn | 457.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 457.00 Mn |
| Feb 28, 2026 | 420.50 Mn |
| Nov 30, 2025 | 491.20 Mn |
| Aug 31, 2025 | 436.00 Mn |
| May 31, 2025 | 500.70 Mn |
| Feb 28, 2025 | 505.30 Mn |
| Nov 30, 2024 | 491.30 Mn |
| Aug 31, 2024 | 491.20 Mn |
| May 31, 2024 | 462.20 Mn |
| Feb 29, 2024 | 394.70 Mn |
| Nov 30, 2023 | 473.70 Mn |
| Aug 31, 2023 | 471.20 Mn |
| May 31, 2023 | 493.10 Mn |
| Feb 28, 2023 | 496.50 Mn |
| Nov 30, 2022 | 480.20 Mn |
| Aug 31, 2022 | 512.80 Mn |
| May 31, 2022 | 438.60 Mn |
| Feb 28, 2022 | 455.10 Mn |
| Nov 30, 2021 | 385.80 Mn |
| Aug 31, 2021 | 490.50 Mn |