MNST · 10-Q · 2026Q3 · Full report
Operating Income and Margins
Monster Beverage Corp · 2026-11-06 · Importance 49 · Surprise 32 · No source text
Operating income increased 6.4% to $718.7 million in the third quarter of 2026, while operating margin contracted to 28.0% from 30.7%. Nine-month operating income rose 16.6% to $2.189 billion, with margin down to 29.4% from 30.4%. International operations generated operating income of $268.9 million in the quarter and $795.0 million for nine months, compared with $210.4 million and $542.0 million, respectively, in 2025. Nine-month Monster Energy® Drinks segment operating income rose 16.0% to $2.58 billion, while Strategic Brands increased 12.8% to $209.8 million; Alcohol Brands’ operating loss narrowed 51.9% to $26.0 million as operating expenses declined.
Key facts
- Nine-month 2026 operating income was $2.19 billion, up 16.6% from $1.88 billion in 2025; operating margin declined to 29.4% from 30.4%. source
- Monster Energy Drinks segment operating income, excluding corporate and unallocated expenses, was $2.58 billion in the nine months ended September 30, 2026, up 16.0% from $2.23 billion, primarily due to increased net sales. source
- Strategic Brands segment operating income, excluding corporate and unallocated expenses, was $79.6 million in the three months ended September 30, 2026, up 20.1% from $66.3 million, primarily due to increased net sales. source
- Three-month 2026 operating income was $718.7 million, up 6.4% from $675.4 million in 2025; operating margin declined to 28.0% from 30.7%. source
- Monster Energy Drinks segment operating income, excluding corporate and unallocated expenses, was $859.6 million in the three months ended September 30, 2026, up 8.7% from $790.5 million, primarily due to increased net sales. source
- Strategic Brands segment operating income, excluding corporate and unallocated expenses, was $209.8 million in the nine months ended September 30, 2026, up 12.8% from $186.0 million, primarily due to increased net sales. source
- Operating income from Monster Beverage’s international operations was $268.9 million in the three months ended September 30, 2026, versus $210.4 million in 2025. source
- Operating income from Monster Beverage’s international operations was $795.0 million in the nine months ended September 30, 2026, versus $542.0 million in 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +12.2% | Nine-month 2026 operating income was $2.19 billion, up 16.6% from $1.88 billion in 2025; operating margin declined to 29.4% from 30.4%. |
| operating_income | positive | realized | +9.9% | Operating income from Monster Beverage’s international operations was $795.0 million in the nine months ended September 30, 2026, versus… |
| margin | negative | realized | -2.7% | Three-month 2026 operating income was $718.7 million, up 6.4% from $675.4 million in 2025; operating margin declined to 28.0% from 30.7%. |
| operating_income | positive | realized | +2.7% | Monster Energy Drinks segment operating income, excluding corporate and unallocated expenses, was $859.6 million in the three months ended… |
| operating_income | positive | realized | +2.3% | Operating income from Monster Beverage’s international operations was $268.9 million in the three months ended September 30, 2026, versus… |
| operating_income | positive | realized | +1.7% | Three-month 2026 operating income was $718.7 million, up 6.4% from $675.4 million in 2025; operating margin declined to 28.0% from 30.7%. |
| margin | negative | realized | -1.0% | Nine-month 2026 operating income was $2.19 billion, up 16.6% from $1.88 billion in 2025; operating margin declined to 29.4% from 30.4%. |
| operating_income | positive | realized | +0.9% | Strategic Brands segment operating income, excluding corporate and unallocated expenses, was $209.8 million in the nine months ended… |
| operating_income | positive | realized | +0.5% | Strategic Brands segment operating income, excluding corporate and unallocated expenses, was $79.6 million in the three months ended… |