Monster Beverage annual operating margin
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Monster Beverage Operating Margin Growth & History (MNST)
Monster Beverage's operating margin was 29.17% for fiscal 2025.
View full Monster Beverage company overviewMonster Beverage annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 29.17% | +3.41 pp |
| 2024 | 2024-12-31 | 25.76% | −1.60 pp |
| 2023 | 2023-12-31 | 27.36% | +2.25 pp |
| 2022 | 2022-12-31 | 25.11% | −7.33 pp |
| 2021 | 2021-12-31 | 32.44% | −3.08 pp |
| 2020 | 2020-12-31 | 35.51% | +2.12 pp |
| 2019 | 2019-12-31 | 33.40% | −0.32 pp |
| 2018 | 2018-12-31 | 33.72% | −1.87 pp |
| 2017 | 2017-12-31 | 35.58% | −0.01 pp |
| 2016 | 2016-12-31 | 35.59% | +2.77 pp |
| 2015 | 2015-12-31 | 32.82% | +2.50 pp |
| 2014 | 2014-12-31 | 30.33% | +4.82 pp |
| 2013 | 2013-12-31 | 25.50% | −1.22 pp |
| 2012 | 2012-12-31 | 26.72% | −0.08 pp |
| 2011 | 2011-12-31 | 26.80% | +0.12 pp |
| 2010 | 2010-12-31 | 26.67% | −2.83 pp |
| 2009 | 2009-12-31 | 29.50% | +13.68 pp |
| 2008 | 2008-12-31 | 15.82% | — |
Monster Beverage quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 29.18% | −0.73 pp |
| Q1 2026 | 2026-03-31 | 31.02% | +0.30 pp |
| Q4 2025 | 2025-12-31 | 25.46% | +4.42 pp |
| Q3 2025 | 2025-09-30 | 30.74% | +5.22 pp |
| Q2 2025 | 2025-06-30 | 29.91% | +2.18 pp |
| Q1 2025 | 2025-03-31 | 30.72% | +2.18 pp |
| Q4 2024 | 2024-12-31 | 21.04% | −4.04 pp |
| Q3 2024 | 2024-09-30 | 25.51% | −1.99 pp |
| Q2 2024 | 2024-06-30 | 27.74% | −0.50 pp |
| Q1 2024 | 2024-03-31 | 28.54% | −0.01 pp |
| Q4 2023 | 2023-12-31 | 25.08% | −0.98 pp |
| Q3 2023 | 2023-09-30 | 27.51% | +1.78 pp |
| Q2 2023 | 2023-06-30 | 28.24% | +5.71 pp |
| Q1 2023 | 2023-03-31 | 28.55% | +2.24 pp |
| Q4 2022 | 2022-12-31 | 26.07% | −2.91 pp |
| Q3 2022 | 2022-09-30 | 25.73% | −5.78 pp |
| Q2 2022 | 2022-06-30 | 22.53% | −13.45 pp |
| Q1 2022 | 2022-03-31 | 26.31% | −6.99 pp |
| Q4 2021 | 2021-12-31 | 28.97% | −4.66 pp |
| Q3 2021 | 2021-09-30 | 31.51% | −5.29 pp |
| Q2 2021 | 2021-06-30 | 35.98% | −1.25 pp |
| Q1 2021 | 2021-03-31 | 33.30% | −1.07 pp |
| Q4 2020 | 2020-12-31 | 33.63% | +2.46 pp |
| Q3 2020 | 2020-09-30 | 36.80% | +1.91 pp |
| Q2 2020 | 2020-06-30 | 37.23% | +2.90 pp |
| Q1 2020 | 2020-03-31 | 34.36% | +1.44 pp |
| Q4 2019 | 2019-12-31 | 31.17% | −2.00 pp |
| Q3 2019 | 2019-09-30 | 34.88% | +1.47 pp |
| Q2 2019 | 2019-06-30 | 34.33% | −0.88 pp |
| Q1 2019 | 2019-03-31 | 32.92% | +0.03 pp |
| Q4 2018 | 2018-12-31 | 33.16% | +0.20 pp |
| Q3 2018 | 2018-09-30 | 33.42% | −1.48 pp |
| Q2 2018 | 2018-06-30 | 35.20% | −3.39 pp |
| Q1 2018 | 2018-03-31 | 32.90% | −2.71 pp |
| Q4 2017 | 2017-12-31 | 32.96% | −0.43 pp |
| Q3 2017 | 2017-09-30 | 34.90% | −1.96 pp |
| Q2 2017 | 2017-06-30 | 38.59% | +3.72 pp |
| Q1 2017 | 2017-03-31 | 35.61% | −1.84 pp |
| Q4 2016 | 2016-12-31 | 33.40% | −2.00 pp |
| Q3 2016 | 2016-09-30 | 36.85% | −1.67 pp |
| Q2 2016 | 2016-06-30 | 34.87% | −17.91 pp |
| Q1 2016 | 2016-03-31 | 37.45% | +36.23 pp |
| Q4 2015 | 2015-12-31 | 35.39% | +3.54 pp |
| Q3 2015 | 2015-09-30 | 38.52% | +8.66 pp |
| Q2 2015 | 2015-06-30 | 52.78% | +21.37 pp |
| Q1 2015 | 2015-03-31 | 1.22% | −26.55 pp |
| Q4 2014 | 2014-12-31 | 31.86% | +6.94 pp |
| Q3 2014 | 2014-09-30 | 29.86% | +4.21 pp |
| Q2 2014 | 2014-06-30 | 31.40% | +2.97 pp |
| Q1 2014 | 2014-03-31 | 27.77% | +5.61 pp |
| Q4 2013 | 2013-12-31 | 24.92% | +0.76 pp |
| Q3 2013 | 2013-09-30 | 25.65% | −0.31 pp |
| Q2 2013 | 2013-06-30 | 28.44% | −0.21 pp |
| Q1 2013 | 2013-03-31 | 22.16% | −5.62 pp |
| Q4 2012 | 2012-12-31 | 24.15% | −1.07 pp |
| Q3 2012 | 2012-09-30 | 25.96% | −1.87 pp |
| Q2 2012 | 2012-06-30 | 28.65% | −0.02 pp |
| Q1 2012 | 2012-03-31 | 27.78% | +2.96 pp |
| Q4 2011 | 2011-12-31 | 25.22% | +0.18 pp |
| Q3 2011 | 2011-09-30 | 27.83% | −0.37 pp |
| Q2 2011 | 2011-06-30 | 28.67% | −1.32 pp |
| Q1 2011 | 2011-03-31 | 24.82% | +3.49 pp |
| Q4 2010 | 2010-12-31 | 25.04% | — |
| Q3 2010 | 2010-09-30 | 28.20% | −1.98 pp |
| Q2 2010 | 2010-06-30 | 29.99% | −0.91 pp |
| Q1 2010 | 2010-03-31 | 21.33% | — |
| Q3 2009 | 2009-09-30 | 30.17% | — |
| Q2 2009 | 2009-06-30 | 30.90% | — |
Monster Beverage operating margin trends
Over the last five fiscal years, Monster Beverage's operating margin decreased from 35.51% to 29.17%, a change of −6.35 percentage points. The latest reported quarter, Q2 2026, shows 29.18%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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