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
DateValue
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