Molson Coors Beverage (TAP) Operating Expenses (2009 - 2026)
Molson Coors Beverage posted quarterly Operating Expenses of $610.0 million for Q1 2026, down 6.61% year-on-year from $653.2 million in Q1 2025, and little changed on a QoQ basis from $610.9 million in Q4 2025.
Molson Coors Beverage (TAP) has 18 years of Operating Expenses data on file, last reported 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.
- 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.
- Peak annual rise in Operating Expenses reached 27.18% in 2022, while the deepest fall reached 16.87% in 2022.
- A 5-year view of Operating Expenses shows it stood at $575.5 million in 2022, then climbed by 18.71% to $683.2 million in 2023, then declined by 4.9% to $649.7 million in 2024, then slipped by 5.97% to $610.9 million in 2025, then decreased 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 | 3,730.53 Bn | 387.52 Bn | -58.25 Bn |
| 2 | Anheuser-Busch InBev | 144.87 Bn | 132.65 Bn | 8.61 Bn | -4,786.00 |
| 3 | Mexican Economic Development | 102.46 Bn | 96.50 Bn | - | - |
| 4 | Constellation Brands | 26.22 Bn | 26.12 Bn | 951.70 Mn | 420.50 Mn |
| 5 | Ambev | 9.36 Bn | 5.68 Bn | 2.42 Bn | -295.42 Mn |
| 6 | Molson Coors Beverage | 8.04 Bn | 7.77 Bn | 897.20 Mn | 610.00 Mn |
| 7 | Boston Beer | 1.99 Bn | 1.83 Bn | 213.96 Mn | 404.42 Mn |
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 |
| Mar 31, 2021 | 553.80 Mn |
| Dec 31, 2020 | 665.30 Mn |
| Sep 30, 2020 | 694.20 Mn |
| Jun 30, 2020 | 588.80 Mn |
| Mar 31, 2020 | 716.30 Mn |
| Dec 31, 2019 | 655.30 Mn |
| Sep 30, 2019 | 1.39 Bn |
| Jun 30, 2019 | 719.80 Mn |
| Mar 31, 2019 | 668.20 Mn |
| Dec 31, 2018 | 681.00 Mn |
| Sep 30, 2018 | 750.50 Mn |
| Jun 30, 2018 | 755.20 Mn |
| Mar 31, 2018 | 366.30 Mn |
| Dec 31, 2017 | 783.10 Mn |
| Sep 30, 2017 | 787.90 Mn |
| Jun 30, 2017 | 797.70 Mn |
| Mar 31, 2017 | 703.30 Mn |
| Dec 31, 2016 | -1.69 Bn |
| Sep 30, 2016 | 274.00 Mn |
| Jun 30, 2016 | 348.10 Mn |
| Mar 31, 2016 | 142.30 Mn |
| Dec 31, 2015 | 260.10 Mn |
| Sep 30, 2015 | 558.70 Mn |
| Jun 30, 2015 | 317.00 Mn |
| Mar 31, 2015 | 249.20 Mn |
| Dec 31, 2014 | 289.20 Mn |
| Sep 30, 2014 | 657.20 Mn |
| Jun 30, 2014 | 330.50 Mn |
| Mar 31, 2014 | 211.40 Mn |
| Dec 31, 2013 | 302.80 Mn |
| Sep 28, 2013 | 453.80 Mn |
| Jun 29, 2013 | 324.90 Mn |
| Mar 30, 2013 | 286.80 Mn |
| Dec 29, 2012 | 295.30 Mn |
| Sep 29, 2012 | 336.50 Mn |
| Jun 30, 2012 | 326.00 Mn |
| Mar 31, 2012 | 249.70 Mn |
| Dec 31, 2011 | 261.10 Mn |
| Sep 24, 2011 | 248.30 Mn |
| Jun 25, 2011 | 283.50 Mn |
| Mar 26, 2011 | 238.40 Mn |
| Dec 25, 2010 | 264.70 Mn |
| Sep 25, 2010 | 252.00 Mn |
| Jun 26, 2010 | 277.00 Mn |
| Mar 27, 2010 | 240.10 Mn |
| Dec 26, 2009 | 258.60 Mn |
| Sep 26, 2009 | 245.00 Mn |
| Jun 28, 2009 | 237.10 Mn |
| Mar 29, 2009 | 192.80 Mn |