Jun 2026 (Q2 FY26) — Aug 6, 2026
Molson Coors Q2 FY26 — Reaffirmed Guidance Amidst Macro Headwinds and Strategic Portfolio Expansion
Read the full callMolson Coors (TAP) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Molson Coors 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 | 3,604 | −3.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 9.2 | −6.4 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 232 | −46.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$39.33 −0.48% · −$0.19
Performance −16.9% 1Y
1Y: $47.33 on 17 Oct 2025 → $39.33. High $54.38 (12 Feb 2026), low $35.95 (25 Sept 2026).
- Previous close
- $39.52
- 52-week range
- $35.95 – $54.38
- One year
- −15.60%
Overview
- Symbol
- TAP
- Sector
- Consumer Staples
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
Molson Coors earnings calls (TAP)
Financials
What the filings say
Net profit, year on year: −46% (quarter to jun 2026 against jun 2025).
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 3,838 | 3,603 | 3,244 | 2,690 | 3,740 | 3,484 | 3,126 | 3,604 |
| Operating profit | 600 | 451 | 388 | 186 | 584 | -3,431 | 324 | 332 |
| Operating margin | 15.6% | 12.5% | 12.0% | 6.9% | 15.6% | −98.5% | 10.4% | 9.2% |
| Other income | -40 | -120 | -42 | -30 | -29 | -64 | -58 | -49 |
| Interest | 58 | 106 | 63 | 61 | 62 | 63 | 62 | 69 |
| Profit before tax | 560 | 331 | 346 | 156 | 555 | -3,495 | 266 | 283 |
| Tax rate | 24.0% | 31.0% | 15.2% | 21.2% | 23.5% | 16.0% | 21.4% | 21.7% |
| Net profit | 427 | 200 | 288 | 121 | 429 | -2,928 | 238 | 232 |
| EPS ($ per share) | 2.03 | 0.96 | — | 0.60 | 2.14 | -14.79 | — | 1.24 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | 7,693 | 7,617 | 6,544 | 7,402 | 6,894 | 7,484 | 8,238 | 5,724 |
| Total liabilities | 16,374 | 15,187 | 14,710 | 13,955 | 12,953 | 12,940 | 12,612 | 12,196 |
| Fixed assets | 4,608 | 4,547 | 4,250 | 4,192 | 4,223 | 4,445 | 4,460 | 4,769 |
| Total assets | 30,110 | 28,860 | 27,331 | 27,619 | 25,868 | 26,375 | 26,064 | 22,738 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 2,331 | 1,897 | 1,696 | 1,574 | 1,502 | 2,079 | 1,910 | 1,784 |
| Cash from investing | -669 | -433 | -414 | -510 | -625 | -842 | -648 | -822 |
| Cash from financing | -1,009 | -2,007 | -1,070 | -1,172 | -889 | -981 | -1,138 | -1,057 |
| Net cash flow | 653 | -543 | 247 | -133 | -37 | 269 | 100 | -73 |
| Capital expenditure | -652 | -594 | -575 | -523 | -661 | -671 | -674 | -717 |
| Free cash flow | 1,680 | 1,304 | 1,121 | 1,051 | 841 | 1,408 | 1,236 | 1,068 |
TAP revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Americas | 77% | 79% | 82% | 78% | 76% | 78% | 81% | 78% | -4.1% |
| Europe Middle East Africa and Asia Pacific | 23% | 21% | 19% | 22% | 24% | 23% | 19% | 23% | -0.4% |
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
Insider filings
66 filings between Nov 5, 2025 and Sep 30, 2026.
Open market
decisions to buy or sellPurchases
$551.1K
5 purchases by 4 insiders
Sales
$52.9K
1 sale by 1 insider
Compensation
not trading decisions- 38
- Award — granted as compensation
- 20
- Tax withheld — shares kept back by the company to cover tax
Also filed: 2 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Molson Andrew Thomas | $444.3K | — | Mar 9, 2026 |
| Coors David S. | $99.8K | — | Nov 5, 2025 |
| Molson Geoffrey E. | — | $52.9K | May 21, 2026 |
| Winnefeld James A Jr | $4.9K | — | Feb 20, 2026 |
| Cocks Christian P | $2.1K | — | Nov 26, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 30, 2026 | Cocks Christian P Director | Award | 789 | $0 |
| Sep 30, 2026 | HERINGTON CHARLES M Director | Award | 395 | $0 |
| Jun 30, 2026 | HERINGTON CHARLES M Director | Award | 369 | $0 |
| Jun 30, 2026 | Cocks Christian P Director | Award | 738 | $0 |
| May 21, 2026 | Molson Geoffrey E. Director | Sale | 1,245 | $52.9K |
| May 18, 2026 | Molson Andrew Thomas Director | Tax withheld | 1,422 | $59.3K |
| May 18, 2026 | Riley H Sanford Director | Tax withheld | 1,345 | $56.1K |
| May 18, 2026 | Molson Geoffrey E. Director | Tax withheld | 1,422 | $59.3K |
| May 18, 2026 | Eaton Roger G. Director | Tax withheld | 610 | $25.4K |
| May 18, 2026 | O'Sullivan Nessa Director | Tax withheld | 610 | $25.4K |
| May 6, 2026 | HERINGTON CHARLES M Director | Award | 3,976 | $0 |
| May 6, 2026 | FergusonMchugh MaryLynn Director | Award | 3,976 | $0 |
| May 6, 2026 | Coors Peter Joseph Director | Award | 3,976 | $0 |
| May 6, 2026 | Coors David S. Director | Award | 3,976 | $0 |
| May 6, 2026 | Eaton Roger G. Director | Award | 3,976 | $0 |
| May 6, 2026 | Molson Geoffrey E. Director | Award | 3,976 | $0 |
| May 6, 2026 | O'Sullivan Nessa Director | Award | 3,976 | $0 |
| May 6, 2026 | Molson Andrew Thomas Director | Award | 3,976 | $0 |
| May 6, 2026 | Riley H Sanford Director | Award | 3,976 | $0 |
| May 6, 2026 | Timm Jill Director | Award | 3,976 | $0 |
| May 6, 2026 | Williams Leroy James Jr Director | Award | 3,976 | $0 |
| May 6, 2026 | Winnefeld James A Jr Director | Award | 3,976 | $0 |
| May 6, 2026 | Cocks Christian P Director | Award | 3,976 | $0 |
| Apr 14, 2026 | Joubert Tracey Chief Financial Officer | Tax withheld | 11,728 | $512.0K |
| Apr 1, 2026 | Stelter Roxanne VP,Controller & Chf Acct Off | Award | 1,049 | $0 |
| Apr 1, 2026 | Coors Peter Joseph Director | Award | 583 | $0 |
| Mar 31, 2026 | Cocks Christian P Director | Award | 668 | $0 |
| Mar 31, 2026 | HERINGTON CHARLES M Director | Award | 334 | $0 |
| Mar 10, 2026 | Coors David S. Director | Gift | 10,917 | $0 |
| Mar 10, 2026 | Coors Peter Joseph Director | Gift | 10,917 | $0 |
| Mar 9, 2026 | Molson Andrew Thomas Director | Purchase | 2,000 | $93.3K |
| Mar 4, 2026 | Coors David S. Director | Award | 2,113 | $0 |
| Mar 4, 2026 | Coors Peter Joseph Director | Award | 1,585 | $0 |
| Mar 4, 2026 | Maciolek Natalie G. Chief Legal Officer | Award | 9,508 | $0 |
| Mar 4, 2026 | Stelter Roxanne VP,Controller & Chf Acct Off | Award | 2,774 | $0 |
| Mar 4, 2026 | Joubert Tracey Chief Financial Officer | Award | 12,677 | $0 |
| Mar 4, 2026 | Vohs Darrin Chief Information Officer | Award | 3,170 | $0 |
| Mar 4, 2026 | Goyal Rahul President & CEO | Award | 36,975 | $0 |
| Mar 4, 2026 | Whitehead Philip M Pres CEO EMEA APAC | Award | 7,924 | $0 |
| Feb 27, 2026 | Coors David S. Director | Tax withheld | 318 | $15.6K |
| Feb 27, 2026 | Coors Peter Joseph Director | Tax withheld | 53 | $2.6K |
| Feb 27, 2026 | Coors Peter Joseph Director | Award | 177 | $0 |
| Feb 27, 2026 | Coors Peter Joseph Director | Tax withheld | 125 | $6.1K |
| Feb 27, 2026 | Stelter Roxanne VP,Controller & Chf Acct Off | Tax withheld | 714 | $35.0K |
| Feb 27, 2026 | Stelter Roxanne VP,Controller & Chf Acct Off | Award | 2,052 | $0 |
| Feb 27, 2026 | Stelter Roxanne VP,Controller & Chf Acct Off | Tax withheld | 608 | $29.8K |
| Feb 27, 2026 | Vohs Darrin Chief Information Officer | Tax withheld | 1,346 | $65.9K |
| Feb 27, 2026 | Vohs Darrin Chief Information Officer | Award | 4,689 | $0 |
| Feb 27, 2026 | Vohs Darrin Chief Information Officer | Tax withheld | 761 | $37.3K |
| Feb 27, 2026 | Whitehead Philip M Pres CEO EMEA APAC | Tax withheld | 1,378 | $67.5K |
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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