Monster Beverage Corporation (MNST) Q2 FY2026 Financial Statements: Revenue $2.54B, Net income $584.54M
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PeriodQ2 FY2026
Published
Monster Beverage Corporation reported $2.54 billion in net sales for Q2 FY2026, the quarter ended June 30, 2026, up 20.2% from a year earlier on higher worldwide volumes of Monster Energy brand drinks and a sharp gain in international sales. Net income was $584.54 million, up 19.6%, and diluted earnings per share were $0.59, stated on the share count in effect for the quarter and before the effect of the stock split distributed after quarter end. Operating income of $740.44 million was up 17.2%, growing more slowly than sales as selling, marketing and distribution spending rose faster than the top line.
| Metric | Amount | vs. year ago |
|---|---|---|
| Revenue | $2,537,473,000 | up 20.2% |
| Net income | $584,540,000 | up 19.6% |
| Diluted EPS | $0.59 | up 18.0% |
| Gross profit | $1,419,634,000 | up 20.7% |
| Operating income | $740,442,000 | up 17.2% |
About this file
| Ticker | MNST |
|---|---|
| CIK | 0000865752 |
| Company | Monster Beverage Corporation |
| Business type | consumer |
| Schema template | standard consumer products (net sales, cost of sales, gross profit, operating expenses, operating income, net income, per-share; balance sheet; cash flow) |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual dollars (not thousands); share counts in actual shares; per-share amounts in dollars |
MNST annual income statement, balance sheet and cash flow
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Fiscal year | 2025 | 2024 | 2023 |
| Label | FY2025 | FY2024 | FY2023 |
| Period start | 2025-01-01 | 2024-01-01 | 2023-01-01 |
| Period end | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Period type | fiscal year | fiscal year | fiscal year |
| Source accession | 0001104659-26-020831 | 0001104659-26-020831 | 0001104659-26-020831 |
| Income statement | |||
| Net sales | 8,294,343,000 | 7,492,709,000 | 7,140,027,000 |
| Cost of sales | 3,662,148,000 | 3,443,831,000 | 3,345,821,000 |
| Gross profit | 4,632,195,000 | 4,048,878,000 | 3,794,206,000 |
| Operating expenses | 2,212,841,000 | 2,118,584,000 | 1,840,851,000 |
| Operating income | 2,419,354,000 | 1,930,294,000 | 1,953,355,000 |
| Interest and other income net | 63,175,000 | 59,165,000 | 115,127,000 |
| Income before income taxes | 2,482,529,000 | 1,989,459,000 | 2,068,482,000 |
| Provision for income taxes | 577,097,000 | 480,411,000 | 437,494,000 |
| Net income | 1,905,432,000 | 1,509,048,000 | 1,630,988,000 |
| Basic EPS | 1.95 | 1.5 | 1.56 |
| Diluted EPS | 1.94 | 1.49 | 1.54 |
| Basic shares | 975,887,000 | 1,004,566,000 | 1,044,887,000 |
| Diluted shares | 984,451,000 | 1,013,107,000 | 1,057,981,000 |
| Balance sheet | |||
| Cash and cash equivalents | 2,088,117,000 | 1,533,287,000 | |
| Short term investments | 677,084,000 | 0 | |
| Accounts receivable net | 1,618,072,000 | 1,221,646,000 | |
| Inventories | 799,623,000 | 737,107,000 | |
| Total current assets | 5,361,084,000 | 3,641,504,000 | |
| Long term investments | 487,329,000 | 0 | |
| Property and equipment net | 1,081,544,000 | 1,047,024,000 | |
| Total assets | 9,988,945,000 | 7,719,089,000 | |
| Total current liabilities | 1,447,780,000 | 1,097,519,000 | |
| Long term debt | 0 | 373,951,000 | |
| Total stockholders equity | 8,254,108,000 | 5,957,718,000 | |
| Total liabilities | 1,734,837,000 | 1,761,371,000 | |
| Total debt | 0 | 373,951,000 | |
| Cash flow | |||
| Depreciation and amortization | 114,441,000 | 80,434,000 | 68,898,000 |
| Stock based compensation | 125,687,000 | 90,985,000 | 68,836,000 |
| Operating cash flow | 2,098,177,000 | 1,928,533,000 | 1,717,753,000 |
| Capital expenditures | -132,275,000 | -264,074,000 | -221,428,000 |
| Investing cash flow | -1,316,778,000 | 733,727,000 | -193,395,000 |
| Purchases of treasury stock | -103,646,000 | -3,771,875,000 | -658,952,000 |
| Financing cash flow | -324,422,000 | -3,329,029,000 | -542,599,000 |
| Free cash flow | 1,965,902,000 | 1,664,459,000 | 1,496,325,000 |
| Segment net sales | |||
| Monster energy drinks | 7,665,871,000 | 6,864,597,000 | 6,555,089,000 |
| Strategic brands | 468,716,000 | 432,233,000 | 376,589,000 |
| Alcohol brands | 134,720,000 | 172,313,000 | 184,855,000 |
| Other | 25,036,000 | 23,566,000 | 23,494,000 |
MNST quarterly income statement, balance sheet and cash flow
| Q2 2026 | Q2 2025 | |
|---|---|---|
| Fiscal year | 2026 | 2025 |
| Fiscal quarter | 2 | 2 |
| Label | Q2 2026 | Q2 2025 |
| Period start | 2026-04-01 | 2025-04-01 |
| Period end | 2026-06-30 | 2025-06-30 |
| Period type | three months | three months |
| Source accession | 0001104659-26-092193 | 0001104659-26-092193 |
| Segment net sales | ||
| Monster energy drinks | 2,356,131,000 | 1,937,321,000 |
| Strategic brands | 143,721,000 | 129,893,000 |
| Alcohol brands | 32,194,000 | 37,971,000 |
| Other | 5,427,000 | 6,408,000 |
| Income statement | ||
| Net sales | 2,537,473,000 | 2,111,593,000 |
| Cost of sales | 1,117,839,000 | 935,180,000 |
| Gross profit | 1,419,634,000 | 1,176,413,000 |
| Operating expenses | 679,192,000 | 544,791,000 |
| Operating income | 740,442,000 | 631,622,000 |
| Interest and other income net | 27,827,000 | 15,065,000 |
| Income before income taxes | 768,269,000 | 646,687,000 |
| Provision for income taxes | 183,729,000 | 157,893,000 |
| Net income | 584,540,000 | 488,794,000 |
| Basic EPS | 0.6 | 0.5 |
| Diluted EPS | 0.59 | 0.5 |
| Basic shares | 978,662,000 | 975,749,000 |
| Diluted shares | 988,479,000 | 983,997,000 |
| Balance sheet | ||
| Cash and cash equivalents | 2,192,424,000 | |
| Short term investments | 1,226,832,000 | |
| Accounts receivable net | 1,902,421,000 | |
| Inventories | 867,674,000 | |
| Total current assets | 6,405,076,000 | |
| Long term investments | 781,314,000 | |
| Property and equipment net | 1,095,810,000 | |
| Total assets | 11,382,291,000 | |
| Total current liabilities | 1,717,494,000 | |
| Long term debt | 0 | |
| Total stockholders equity | 9,364,148,000 | |
| Total liabilities | 2,018,143,000 | |
| Total debt | 0 | |
MNST year-to-date income statement and cash flow
| Six months ended June 30, 2026 | |
|---|---|
| Label | Six months ended June 30, 2026 |
| Period start | 2026-01-01 |
| Period end | 2026-06-30 |
| Period type | six months |
| Source accession | 0001104659-26-092193 |
| Income statement | |
| Net sales | 4,890,764,000 |
| Cost of sales | 2,177,781,000 |
| Gross profit | 2,712,983,000 |
| Operating expenses | 1,242,582,000 |
| Operating income | 1,470,401,000 |
| Interest and other income net | 47,997,000 |
| Income before income taxes | 1,518,398,000 |
| Provision for income taxes | 364,373,000 |
| Net income | 1,154,025,000 |
| Basic EPS | 1.18 |
| Diluted EPS | 1.17 |
| Basic shares | 978,487,000 |
| Diluted shares | 988,456,000 |
| Cash flow | |
| Operating cash flow | 1,114,201,000 |
| Capital expenditures | -69,031,000 |
| Free cash flow | 1,045,170,000 |
| Investing cash flow | -929,315,000 |
| Financing cash flow | -58,697,000 |
MNST trailing twelve month income statement and cash flow
| Trailing twelve months ended June 30, 2026 | |
|---|---|
| Label | Trailing twelve months ended June 30, 2026 |
| Period start | 2025-07-01 |
| Period end | 2026-06-30 |
| Period type | trailing twelve months |
| Basis | Full year 2025 plus the six months ended June 30, 2026 less the six months ended June 30, 2025, using the columns printed in the FY2025 10-K (accession 0001104659-26-020831) and the Q2 2026 10-Q (accession 0001104659-26-092193). |
| Income statement | |
| Net sales | 9,218,957,000 |
| Cost of sales | 4,098,154,000 |
| Gross profit | 5,120,803,000 |
| Operating expenses | 2,432,415,000 |
| Operating income | 2,688,388,000 |
| Net income | 2,127,670,000 |
| Cash flow | |
| Operating cash flow | 2,238,762,000 |
| Capital expenditures | -140,846,000 |
| Free cash flow | 2,097,916,000 |
Adjustments
| Value | |
|---|---|
| Splits applied | None. Per-share amounts are reported exactly as the source filings print them. |
| ADR ratio | n/a |
| FX | None. The company reports in U.S. dollars and publishes no convenience translation. |
Prior year to date
| Six months ended June 30, 2025 | |
|---|---|
| Label | Six months ended June 30, 2025 |
| Period start | 2025-01-01 |
| Period end | 2025-06-30 |
| Period type | six months |
| Source accession | 0001104659-26-092193 |
| Income statement | |
| Net sales | 3,966,150,000 |
| Cost of sales | 1,741,775,000 |
| Gross profit | 2,224,375,000 |
| Operating expenses | 1,023,008,000 |
| Operating income | 1,201,367,000 |
| Interest and other income net | 23,337,000 |
| Income before income taxes | 1,224,704,000 |
| Provision for income taxes | 292,917,000 |
| Net income | 931,787,000 |
| Basic EPS | 0.96 |
| Diluted EPS | 0.95 |
| Basic shares | 974,691,000 |
| Diluted shares | 982,748,000 |
| Cash flow | |
| Operating cash flow | 973,616,000 |
| Capital expenditures | -60,460,000 |
| Free cash flow | 913,156,000 |
| Investing cash flow | -357,729,000 |
| Financing cash flow | -308,972,000 |
Pro forma split adjusted
| Pro forma weighted-average shares outstanding and net income per common share, split-adjusted | |
|---|---|
| Label | Pro forma weighted-average shares outstanding and net income per common share, split-adjusted |
| Basis | Unaudited pro forma amounts published in Note 18, SUBSEQUENT EVENT, of the Q2 2026 10-Q (accession 0001104659-26-092193), giving effect to the two-for-one stock split - effected as a 100% stock dividend, distributed after the close of trading on August 10, 2026 - as if it had been effective for all periods presented. These are per-share amounts and share counts only. Every other figure in this record, including the per-share amounts and share counts inside the quarterly, annual and year-to-date blocks, is on the pre-split basis the filings print and is not restated here. |
| Units | share counts in actual shares; per-share amounts in dollars |
| Units note seen | (Tabular Dollars in Thousands, Except Per Share Amounts) (Unaudited) |
| Three months | |
| 1. | |
| Label | Three months ended June 30, 2026 |
| Period start | 2026-04-01 |
| Period end | 2026-06-30 |
| Period type | three months |
| Source accession | 0001104659-26-092193 |
| Basic EPS | 0.3 |
| Diluted EPS | 0.3 |
| Basic shares | 1,957,325,000 |
| Diluted shares | 1,976,957,000 |
| 2. | |
| Label | Three months ended June 30, 2025 |
| Period start | 2025-04-01 |
| Period end | 2025-06-30 |
| Period type | three months |
| Source accession | 0001104659-26-092193 |
| Basic EPS | 0.25 |
| Diluted EPS | 0.25 |
| Basic shares | 1,951,499,000 |
| Diluted shares | 1,967,995,000 |
| Six months | |
| 1. | |
| Label | Six months ended June 30, 2026 |
| Period start | 2026-01-01 |
| Period end | 2026-06-30 |
| Period type | six months |
| Source accession | 0001104659-26-092193 |
| Basic EPS | 0.59 |
| Diluted EPS | 0.58 |
| Basic shares | 1,956,973,000 |
| Diluted shares | 1,976,911,000 |
| 2. | |
| Label | Six months ended June 30, 2025 |
| Period start | 2025-01-01 |
| Period end | 2025-06-30 |
| Period type | six months |
| Source accession | 0001104659-26-092193 |
| Basic EPS | 0.48 |
| Diluted EPS | 0.47 |
| Basic shares | 1,949,383,000 |
| Diluted shares | 1,965,496,000 |
Notes
- Amounts are stated in actual U.S. dollars. Both source filings present their statements in thousands - the FY2025 10-K's income statement and cash flow statement are headed "In Thousands, Except Per Share Amounts" and "In Thousands", and the Q2 2026 10-Q's are headed the same way - and every figure here has been scaled up from those columns. Share counts are stated in actual shares and per-share amounts in dollars.
- Which periods appear, and why. The FY2025 10-K (accession 0001104659-26-020831) presents three years of income statement and cash flow - 2025, 2024 and 2023 - but only two balance sheets, as of December 31, 2025 and 2024. FY2023 therefore carries an income statement and cash flow statement but no balance sheet. The Q2 2026 10-Q (accession 0001104659-26-092193) presents the three months and six months ended June 30, 2026 and 2025, together with balance sheets as of June 30, 2026 and December 31, 2025; the second quarter of 2025 accordingly carries an income statement only.
- No discrete quarterly cash flow figures are published. The 10-Q's statement of cash flows covers the six months ended June 30, 2026 and 2025 only, and the second-quarter earnings release furnished with the 8-K filed August 6, 2026 (accession 0001104659-26-092046) contains an income statement and a balance sheet but no cash flow statement. Operating cash flow, capital expenditures and free cash flow are therefore reported for the fiscal years and for the six-month year-to-date periods, and are deliberately absent from the individual quarters. No three-month cash flow figure has been derived by subtraction.
- Stock split. The Board approved a two-for-one stock split effected as a 100% stock dividend, distributed after the close of trading on August 10, 2026, with the stock expected to trade on a split-adjusted basis from August 11, 2026. Both source filings were filed before that date, so the per-share amounts and share counts in the reported blocks - quarterly, annual, year_to_date, prior_year_to_date and trailing_twelve_months - are on the pre-split basis those filings printed, and those blocks are all on one consistent basis. Split-adjusted per-share amounts and share counts appear in this record only in the pro_forma_split_adjusted block, which carries the unaudited pro forma figures the 10-Q publishes for the periods it covers. An earlier two-for-one split in March 2023 precedes every period presented and is already reflected in the filings' own comparatives, so no adjustment was made for it.
- Total liabilities is a derived subtotal. Neither balance sheet prints a "total liabilities" line; the figure shown is total assets less total stockholders' equity, and it equals the sum of the printed liability captions in each period - current liabilities, non-current deferred revenue, other liabilities and, at December 31, 2024, long-term debt.
- Debt. No borrowings were outstanding at June 30, 2026 or December 31, 2025. The $750.0 million term loan drawn under the May 2024 credit agreement was repaid in April 2025; $373,951 thousand, net of unamortized issuance costs, was outstanding at December 31, 2024. Nothing was drawn on the revolving credit facility or on the $15.0 million HSBC line of credit at either of the more recent dates.
- Free cash flow is operating cash flow less purchases of property and equipment, as those lines are printed in the cash flow statements. Neither filing publishes a free cash flow measure of its own. Capital expenditures are carried with the outflow sign the filings print.
- The trailing-twelve-month view is built from full-year 2025 plus the six months ended June 30, 2026 less the six months ended June 30, 2025. Per-share amounts and share counts are deliberately omitted from it, because weighted-average share counts for different periods cannot meaningfully be added.
- Segment net sales are the company's four reportable segments - Monster Energy Drinks, Strategic Brands, Alcohol Brands and Other - as presented in the segment notes of the two filings. They sum to consolidated net sales in every period shown.
- The company paid no dividends in any period presented; the cash flow statements carry no dividend line.
- The FY2024 and FY2023 columns are reported as the FY2025 10-K presents them. No restatement of a prior year was identified in either filing.
Uncertainties
- Quarterly cash generation cannot be isolated from these filings. Neither the 10-Q nor the second-quarter earnings release publishes a three-month statement of cash flows, so no operating cash flow, capital expenditure or free cash flow figure is reported for the second quarter of 2026 or of 2025.
- The second quarter of 2025 carries an income statement only, and FY2023 carries no balance sheet, because those filings do not print the corresponding columns. Both gaps are genuine absences in the source documents rather than omissions.
- Per-share amounts and share counts in the reported blocks - quarterly, annual, year_to_date, prior_year_to_date and trailing_twelve_months - are on the pre-split basis printed by filings made before the August 11, 2026 split date, and so are not directly comparable with per-share figures published on a post-split basis afterwards. The split-adjusted per-share amounts and share counts are carried separately in the pro_forma_split_adjusted block.
- Total liabilities is derived rather than printed, as described in the notes above. It reconciles exactly in every period, but it is not a caption either filing shows.
Company details
| Value | |
|---|---|
| Name | Monster Beverage Corp |
| Ticker | MNST |
| CIK | 0000865752 |
| Exchange | Nasdaq |
| State | California |
| Incorporation | |
| SIC | 2086 |
| Office | Manufacturing |
| Industry | Bottled & Canned Soft Drinks & Carbonated Waters |
Fiscal period
| FY2026 | |
|---|---|
| Fiscal year | 2026 |
| Fiscal period | Q2 |
| Tag | FY26Q2 |
| Period end | 2026-06-30 |
| Form | 10-Q |
| Accession | 0001104659-26-092193 |
| Fiscal year end | 1231 |
| Source | facts |
Source filings
| Role | Current | Form | Fiscal year | Fiscal period | Tag | Period end | Filed | Accession | Url | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| annual | no | 10-K | 2025 | FY | FY25 | 2025-12-31 | 2026-02-27 | 0001104659-26-020831 | https://www.sec.gov/Archives/edgar/data/865752/000110465926020831/0001104659-26-020831-index.htm | reported |
| quarterly | yes | 10-Q | 2026 | Q2 | FY26Q2 | 2026-06-30 | 2026-08-07 | 0001104659-26-092193 | https://www.sec.gov/Archives/edgar/data/865752/000110465926092193/0001104659-26-092193-index.htm | facts |
FAQ · Monster Beverage financial statements
How much revenue did Monster Beverage report in Q2 FY2026?
Monster Beverage Corporation reported $2.54 billion in net sales for Q2 FY2026, the quarter ended June 30, 2026. That is up 20.2% from $2.11 billion in the same quarter a year earlier, driven mainly by higher worldwide sales of Monster Energy brand energy drinks.
What was Monster Beverage's net income in Q2 FY2026?
Monster Beverage Corporation earned $584.54 million in Q2 FY2026, up 19.6% from $488.79 million a year earlier. Profit grew a little more slowly than net sales, which were up 20.2%.
What was Monster Beverage's earnings per share in Q2 FY2026?
Monster Beverage Corporation reported diluted earnings per share of $0.59 for Q2 FY2026, against $0.50 a year earlier. Both figures are stated on the share count in effect for those quarters and before the effect of the stock split distributed after the quarter ended, so they are not comparable with per-share amounts published on a split-adjusted basis.
Why did Monster Beverage's operating income grow more slowly than sales in Q2 FY2026?
Monster Beverage Corporation's gross profit of $1.42 billion was up 20.7%, keeping pace with net sales, which were up 20.2%, but operating income was $740.44 million, up 17.2%, because selling, marketing and distribution costs grew faster than sales.
Where can I get Monster Beverage Corporation (MNST) financial data in machine-readable form?
Ticker Scout publishes Monster Beverage Corporation's financial statements as JSON at https://tickerscout.ai/mnst/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/mnst/narrative.md and https://tickerscout.ai/mnst/events.md. Monster Beverage Corporation's SEC CIK is 0000865752. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does Monster Beverage Corporation (MNST) next file with the SEC?
Monster Beverage Corporation (MNST) is expected to file its next Form 10-Q with the SEC on or around November 6, 2026. That date is a projection rather than a company-announced date: it is derived from Monster Beverage Corporation's own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2026, the period ended 2026-06-30, SEC accession 0001104659-26-092193.
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How this page was built
This page was built from three of Monster Beverage Corporation's own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names four such gaps.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
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