Molson Coors Beverage (TAP) Operating Expenses (2009 - 2026)
Molson Coors Beverage's (TAP) quarterly Operating Expenses came in at $610.0 million in Q1 2026, down 6.61% year-on-year from $653.2 million in Q1 2025, and little changed quarter-over-quarter from $610.9 million in Q4 2025.
Molson Coors Beverage (TAP) Operating Expenses (2009 - 2026) Analysis & Trends
Molson Coors Beverage's Operating Expenses history runs 18 years deep, the most recent figure standing at $610.0 million for Q1 2026.
- On a quarterly basis, Operating Expenses fell 6.61% year-over-year to $610.0 million in Q1 2026; TTM through Mar 2026 was $2.6 billion, a 4.25% decrease from a year earlier, with the FY2025 full-year figure at $2.6 billion, down 2.71% from the prior year.
- Operating Expenses steadied at $610.0 million in Q1 2026 per TAP's latest filing, from $610.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $746.8 million in Q3 2023 and bottomed at $575.5 million in Q4 2022.
- The 5-year median for Operating Expenses is $683.2 million (2023), against an average of $670.2 million.
- Biggest YoY gain for Operating Expenses was 27.18% in 2022; the steepest drop was 16.87% in 2022.
- Year by year, Operating Expenses stood at $575.5 million in 2022, then climbed by 18.71% to $683.2 million in 2023, then decreased by 4.9% to $649.7 million in 2024, then fell by 5.97% to $610.9 million in 2025, then decreased by 0.15% to $610.0 million in 2026.
- Per Business Quant, the three latest TAP Operating Expenses figures stand at $610.0 million (Q1 2026), $610.9 million (Q4 2025), and $686.7 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,315.79 Bn | 3,674.57 Bn | 387.52 Bn | -58.25 Bn |
| 2 | Mexican Economic Development | 1,198.28 Bn | 1,192.13 Bn | - | - |
| 3 | Anheuser-Busch InBev | 166.56 Bn | 154.34 Bn | 8.61 Bn | - |
| 4 | Ambev | 49.20 Bn | 45.43 Bn | 2.42 Bn | -700.76 Mn |
| 5 | Constellation Brands | 23.08 Bn | 22.99 Bn | 1.32 Bn | 457.00 Mn |
| 6 | Molson Coors Beverage | 8.13 Bn | 7.75 Bn | 897.20 Mn | 610.00 Mn |
| 7 | Boston Beer | 1.96 Bn | 1.69 Bn | 286.37 Mn | 215.60 Mn |
| 8 | NFiniTi | 720.00 Mn | 719.98 Mn | - | 73,077.00 |
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 |