Molson Coors Beverage (TAP-A) Operating Expenses (2009 - 2026)
Molson Coors Beverage (TAP-A) reported Operating Expenses of $610.0 million for Q1 2026, down 6.61% on a YoY basis from $653.2 million in Q1 2025, and little changed quarter-over-quarter from $610.9 million in Q4 2025.
Molson Coors Beverage (TAP-A) Operating Expenses (2009 - 2026) Analysis & Trends
Molson Coors Beverage has reported Operating Expenses for 18 years, with the latest figure at $610.0 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 6.61% year-over-year to $610.0 million; the trailing twelve-month figure through Mar 2026 stood at $2.6 billion (down 4.25% YoY), and the FY2025 full-year result was $2.6 billion, down 2.71% from the prior year.
- Operating Expenses for Q1 2026 stood at $610.0 million, roughly flat from $610.9 million in the prior quarter.
- The five-year high for Operating Expenses was $746.8 million in Q3 2023, with the low at $575.5 million in Q4 2022.
- Historically, Operating Expenses has averaged $670.2 million across 5 years, with a median of $683.2 million in 2023.
- The largest YoY upside for Operating Expenses was 27.18% in 2022 against a maximum downside of 16.87% in 2022.
- Molson Coors Beverage's Operating Expenses stood at $575.5 million in 2022, then advanced by 18.71% to $683.2 million in 2023, then dropped by 4.9% to $649.7 million in 2024, then decreased by 5.97% to $610.9 million in 2025, then retreated by 0.15% to $610.0 million in 2026.
- The last three Operating Expenses figures came in at $610.0 million (Q1 2026), $610.9 million (Q4 2025), and $686.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,105.18 Bn | 3,586.00 Bn | 387.52 Bn | -58.25 Bn |
| 2 | Anheuser-Busch InBev | 140.72 Bn | 128.50 Bn | 8.61 Bn | -4,786.00 |
| 3 | Ambev | 33.67 Bn | 29.90 Bn | 2.42 Bn | -295.42 Mn |
| 4 | Constellation Brands | 24.55 Bn | 24.45 Bn | 951.70 Mn | 420.50 Mn |
| 5 | Mexican Economic Development | 19.03 Bn | 13.06 Bn | - | - |
| 6 | Molson Coors Beverage | 7.65 Bn | 7.39 Bn | 897.20 Mn | 610.00 Mn |
| 7 | Boston Beer | 1.83 Bn | 1.66 Bn | 213.96 Mn | 404.42 Mn |
| 8 | NFiniTi | - | - | - | 73,077.00 |
| 9 | Molson Coors Beverage | - | - | 897.20 Mn | 610.00 Mn |
| 10 | Anheuser-Busch InBev | - | - | 8.61 Bn | -4,786.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 610.00 Mn |
| Dec 31, 2025 | 610.90 Mn |
| Sep 30, 2025 | 686.70 Mn |
| Jun 30, 2025 | 693.10 Mn |
| Mar 31, 2025 | 653.20 Mn |
| Dec 31, 2024 | 649.70 Mn |
| Sep 30, 2024 | 684.70 Mn |
| Jun 30, 2024 | 728.50 Mn |
| Mar 31, 2024 | 654.60 Mn |
| Dec 31, 2023 | 683.20 Mn |
| Sep 30, 2023 | 746.80 Mn |
| Jun 30, 2023 | 734.90 Mn |
| Mar 31, 2023 | 615.00 Mn |
| Dec 31, 2022 | 575.50 Mn |
| Sep 30, 2022 | 654.70 Mn |
| Jun 30, 2022 | 708.20 Mn |
| Mar 31, 2022 | 704.30 Mn |
| Dec 31, 2021 | 692.30 Mn |
| Sep 30, 2021 | 662.20 Mn |
| Jun 30, 2021 | 690.70 Mn |