Molson Coors Beverage (TAP) Operating Expenses (2009 - 2026)
Molson Coors Beverage (TAP) posted quarterly Operating Expenses of $610.0 million for Q1 2026, down 6.61% year-over-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.
- In Q1 2026, Operating Expenses fell 6.61% year-over-year to $610.0 million; the TTM figure through Mar 2026 stood at $2.6 billion (down 4.25% YoY), while the FY2025 annual figure 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.
- 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.
- 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 retreated by 4.9% to $649.7 million in 2024, then declined by 5.97% to $610.9 million in 2025, then retreated by 0.15% to $610.0 million in 2026.
- Business Quant data shows TAP's Operating Expenses at $610.0 million in Q1 2026, $610.9 million in Q4 2025, and $686.7 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 2,224.41 Bn | 1,851.39 Bn | 252.83 Bn | -49.29 Bn |
| 2 | Constellation Brands | 23.10 Bn | 23.00 Bn | 1.32 Bn | 457.00 Mn |
| 3 | Molson Coors Beverage | 8.00 Bn | 5.87 Bn | 1.06 Bn | 718.50 Mn |
| 4 | Boston Beer | 1.97 Bn | 1.71 Bn | 286.37 Mn | 215.60 Mn |
| 5 | Ambev | 624,799.98 | -3.50 Bn | 2.29 Bn | -749.91 Mn |
| 6 | Anheuser-Busch InBev | 157,405.59 | -7.66 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 718.50 Mn |
| 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 |