Jun 2026 (Q2 FY26) — Aug 6, 2026
Monster Beverage Q2 FY26 — Record Net Sales and Strong International Growth
Read the full callMonster Beverage (MNST) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Monster Beverage earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 2,537 | +20.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 29.2 | −0.7 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. |
Guidance
What management said, and what became of it
10 of 10 judged targets kept · 7 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Tariff/aluminum cost impact — 1H FY26 | further modest increase in costs in at least the first half of 2026 vs. Q4 FY25 | Dec 2025 | During the second quarter 2026, the impact of tariffs and the increase in the price of aluminum on our operating results was modest. | Achieved |
| EMEA pricing actions in additional markets — later in 2026 | proposing price increases in certain other EMEA markets later in the year | Jun 2026 | are proposing price increases in certain other EMEA markets later in the year | New |
7 of Monster Beverage Corp's 17 targets are still open. See which are on track and which have gone quiet. The 2 above are the free sample; 15 more targets are in the full ledger.
Claimed
- Net sales crossed $2.5 billion for the first time, increasing 20.2% YoY to $2.54 billion.
- International net sales grew 34.6% to $1.16 billion, representing 46% of total net sales.
- Monster brand family gained 70 basis points of value market share in the US and MEC portfolio gained 220 basis points in EMEA.
- Adjusted diluted EPS increased 15.2% to $0.60.
- Zero Sugar products continue to drive significant growth, with the Ultra brand family growing 19% in the US.
Qualified
- Alcohol Brands segment net sales decreased 15.2% to $32.2 million.
- Distribution expenses increased to 4.7% of net sales from 3.9% due to higher freight and fuel costs.
- Selling expenses increased to 10.6% of net sales from 9.3% due to increased marketing investments.
- Aluminum costs are expected to see a modest sequential increase through at least the end of 2026 due to the Midwest premium.
Price
$46.8 +2.34% · +$1.07
Performance +33.3% 1Y
1Y: $35.11 on 17 Oct 2025 → $46.8. High $49.97 (16 Jul 2026), low $33.16 (6 Nov 2025).
- Previous close
- $45.73
- 52-week range
- $33.16 – $49.97
- One year
- +34.17%
Overview
- Symbol
- MNST
- Sector
- Consumer Staples
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
10 of 10 judged targets kept · 7 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Tariff/aluminum cost impact — 1H FY26 | further modest increase in costs in at least the first half of 2026 vs. Q4 FY25 | Dec 2025 | During the second quarter 2026, the impact of tariffs and the increase in the price of aluminum on our operating results was modest. | Achieved |
| EMEA pricing actions in additional markets — later in 2026 | proposing price increases in certain other EMEA markets later in the year | Jun 2026 | are proposing price increases in certain other EMEA markets later in the year | New |
Claimed
- Net sales crossed $2.5 billion for the first time, increasing 20.2% YoY to $2.54 billion.
- International net sales grew 34.6% to $1.16 billion, representing 46% of total net sales.
- Monster brand family gained 70 basis points of value market share in the US and MEC portfolio gained 220 basis points in EMEA.
- Adjusted diluted EPS increased 15.2% to $0.60.
- Zero Sugar products continue to drive significant growth, with the Ultra brand family growing 19% in the US.
Qualified
- Alcohol Brands segment net sales decreased 15.2% to $32.2 million.
- Distribution expenses increased to 4.7% of net sales from 3.9% due to higher freight and fuel costs.
- Selling expenses increased to 10.6% of net sales from 9.3% due to increased marketing investments.
- Aluminum costs are expected to see a modest sequential increase through at least the end of 2026 due to the Midwest premium.
The full ledger
Open Monster Beverage Corp’s full ledger
A free account opens 5 company ledgers a month. All 17 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 7, 2026
Monster Beverage Q1 FY26 — Record Net Sales and Strong Global Growth
Read the full callDec 2025 (Q4 FY25) — Feb 26, 2026
Monster Beverage Q4 FY25 — Record Sales and Strong International Growth
Read the full callEvery analysed call
Monster Beverage earnings calls (MNST)
Financials
What the filings say
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,881 | 1,812 | 1,855 | 2,112 | 2,197 | 2,131 | 2,353 | 2,537 |
| Operating profit | 480 | 381 | 570 | 632 | 675 | 543 | 730 | 740 |
| Operating margin | 25.5% | 21.0% | 30.7% | 29.9% | 30.7% | 25.5% | 31.0% | 29.2% |
| Profit before tax | 474 | 386 | 578 | 647 | 690 | 568 | 750 | 768 |
| Tax rate | 21.8% | 29.9% | 23.4% | 24.4% | 23.9% | 21.0% | 24.1% | 23.9% |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | 3,915 | 5,022 | 6,432 | 7,810 | 9,001 | 5,940 | 7,449 | 9,354 |
| Total liabilities | 916 | 979 | 1,042 | 1,238 | 1,268 | 1,458 | 1,761 | 1,735 |
| Fixed assets | 243 | 299 | 315 | 314 | 517 | 891 | 1,047 | 1,082 |
| Investments | 321 | 533 | 881 | 1,750 | 1,362 | 956 | 0 | 677 |
| Total assets | 4,527 | 5,150 | 6,203 | 7,805 | 8,293 | 9,687 | 7,719 | 9,989 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,162 | 1,114 | 1,364 | 1,156 | 888 | 1,718 | 1,929 | 2,098 |
| Cash from investing | 273 | -327 | -472 | -992 | -161 | -193 | 734 | -1,317 |
| Cash from financing | -1,316 | -629 | -526 | 35 | -707 | -543 | -3,329 | -324 |
| Net cash flow | 109 | 160 | 382 | 146 | -19 | 991 | -764 | 555 |
| Capital expenditure | -62 | -102 | -49 | -44 | -189 | -221 | -264 | -132 |
| Free cash flow | 1,100 | 1,012 | 1,315 | 1,112 | 699 | 1,496 | 1,664 | 1,966 |
MNST revenue by segment
Monster Energy Drinks grew from 92% to 93% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Monster Energy Drinks | 92% | 92% | 93% | 92% | 92% | 93% | 93% | 93% | +21.6% |
| Strategic Brands | 6% | 6% | 5% | 6% | 6% | 5% | 5% | 6% | +10.6% |
| Alcohol Brands | 2% | 2% | 2% | 2% | 2% | 1% | 1% | 1% | -15.2% |
| All Other Segments | <1% | <1% | <1% | <1% | <1% | <1% | <1% | <1% | -15.3% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q2 FY2026 · share of revenue
- U s and Canada 57% ↓ 5 pt
- Non Us 46% ↑ 5 pt
- EMEA 25% ↑ 3 pt
- Latin America and Caribbean 9% ↑ 1 pt
- Asia Pacific 9% ↑ 2 pt
As MNST cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
101 filings between Nov 11, 2025 and Sep 14, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$36.21M
11 sales by 5 insiders
Compensation
not trading decisions- 5
- Award — granted as compensation
- 50
- Option exercise — converted options into shares
- 19
- Tax withheld — shares kept back by the company to cover tax
Also filed: 8 gifts, 8 other filings.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| SACKS RODNEY C | — | $15.20M | Dec 12, 2025 |
| Tirre Emelie | — | $10.68M | May 14, 2026 |
| HALL MARK J | — | $4.63M | May 14, 2026 |
| Carling Guy | — | $4.47M | Jun 10, 2026 |
| KELLY THOMAS J | — | $1.23M | May 13, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 14, 2026 | SCHLOSBERG HILTON H Vice Chairman and CEO | Gift | 1,690 | $0 |
| Sep 3, 2026 | Gehring Rob L. CEO, Americas | Option exercise | 20,000 | — |
| Sep 3, 2026 | Gehring Rob L. CEO, Americas | Tax withheld | 8,760 | $386.1K |
| Jun 10, 2026 | Carling Guy CEO, EMEA and OSP | Sale | 19,000 | $1.73M |
| May 22, 2026 | SACKS RODNEY C Director | Gift | 11,585 | $0 |
| May 22, 2026 | SCHLOSBERG HILTON H Vice Chairman and CEO | Gift | 5,908 | $0 |
| May 22, 2026 | SACKS RODNEY C Director | Other | 697,495 | $0 |
| May 22, 2026 | SCHLOSBERG HILTON H Vice Chairman and CEO | Other | 1,151,867 | $0 |
| May 14, 2026 | Tirre Emelie Chief Strategy Officer | Option exercise | 2,248 | $100.0K |
| May 14, 2026 | HALL MARK J Director | Sale | 54,000 | $4.63M |
| May 14, 2026 | HALL MARK J Director | Option exercise | 12,000 | $609.8K |
| May 14, 2026 | Tirre Emelie Chief Strategy Officer | Sale | 10,000 | $857.4K |
| May 14, 2026 | HALL MARK J Director | Option exercise | 15,000 | $904.5K |
| May 14, 2026 | HALL MARK J Director | Option exercise | 15,000 | $549.3K |
| May 14, 2026 | HALL MARK J Director | Option exercise | 12,000 | $533.6K |
| May 13, 2026 | Tirre Emelie Chief Strategy Officer | Option exercise | 17,752 | $789.4K |
| May 13, 2026 | KELLY THOMAS J Chief Financial Officer | Sale | 7,000 | $614.7K |
| May 13, 2026 | Tirre Emelie Chief Strategy Officer | Sale | 88,700 | $7.62M |
| May 13, 2026 | VIDERGAUZ MARK Director | Option exercise | 2,748 | — |
| May 13, 2026 | DINKINS JAMES L Director | Option exercise | 2,748 | — |
| May 13, 2026 | Tirre Emelie Chief Strategy Officer | Option exercise | 5,250 | $289.2K |
| May 13, 2026 | Tirre Emelie Chief Strategy Officer | Option exercise | 4,500 | $271.4K |
| May 13, 2026 | Tirre Emelie Chief Strategy Officer | Option exercise | 28,998 | $1.47M |
| May 13, 2026 | Tirre Emelie Chief Strategy Officer | Option exercise | 32,200 | $1.18M |
| May 8, 2026 | SACKS RODNEY C Director | Option exercise | 3,404 | $100.0K |
| May 8, 2026 | SACKS RODNEY C Director | Option exercise | 3,204 | $100.0K |
| May 8, 2026 | SACKS RODNEY C Director | Option exercise | 1,967 | $100.0K |
| May 8, 2026 | SACKS RODNEY C Director | Option exercise | 2,730 | $100.0K |
| May 8, 2026 | SACKS RODNEY C Director | Option exercise | 2,248 | $100.0K |
| May 8, 2026 | SACKS RODNEY C Director | Option exercise | 3,350 | $100.0K |
| Mar 14, 2026 | KELLY THOMAS J Chief Financial Officer | Option exercise | 1,134 | — |
| Mar 14, 2026 | SACKS RODNEY C Director | Option exercise | 14,334 | — |
| Mar 14, 2026 | SACKS RODNEY C Director | Tax withheld | 28,073 | $2.16M |
| Mar 14, 2026 | SACKS RODNEY C Director | Option exercise | 19,333 | — |
| Mar 14, 2026 | SACKS RODNEY C Director | Option exercise | 22,534 | — |
| Mar 14, 2026 | SCHLOSBERG HILTON H Vice Chairman and CEO | Tax withheld | 32,277 | $2.49M |
| Mar 14, 2026 | SCHLOSBERG HILTON H Vice Chairman and CEO | Option exercise | 21,567 | — |
| Mar 14, 2026 | SCHLOSBERG HILTON H Vice Chairman and CEO | Option exercise | 19,333 | — |
| Mar 14, 2026 | SCHLOSBERG HILTON H Vice Chairman and CEO | Option exercise | 22,534 | — |
| Mar 14, 2026 | KELLY THOMAS J Chief Financial Officer | Option exercise | 1,125 | — |
| Mar 14, 2026 | Gehring Rob L. CEO, Americas | Tax withheld | 494 | $38.1K |
| Mar 14, 2026 | KELLY THOMAS J Chief Financial Officer | Option exercise | 1,000 | — |
| Mar 14, 2026 | Gehring Rob L. CEO, Americas | Option exercise | 1,125 | — |
| Mar 14, 2026 | KELLY THOMAS J Chief Financial Officer | Tax withheld | 1,659 | $127.8K |
| Mar 14, 2026 | Tirre Emelie Chief Strategy Officer | Option exercise | 1,360 | — |
| Mar 14, 2026 | Carling Guy CEO, EMEA and OSP | Option exercise | 3,400 | — |
| Mar 14, 2026 | Tirre Emelie Chief Strategy Officer | Option exercise | 3,400 | — |
| Mar 14, 2026 | Tirre Emelie Chief Strategy Officer | Option exercise | 900 | — |
| Mar 14, 2026 | Carling Guy CEO, EMEA and OSP | Option exercise | 900 | — |
| Mar 14, 2026 | Carling Guy CEO, EMEA and OSP | Option exercise | 1,750 | — |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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