Monster Beverage Corporation (MNST) Income Statement
MNST 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMNST revenue and net income
Where MNST's revenue goes
2025Each bar shows an amount and its share of revenue. MNST kept 23.0% of revenue as net income.
MNST profit margins
MNST growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +10.7% | +9.5% | +12.5% | +11.8% |
| Gross profit | +14.4% | +13.4% | +11.2% | +11.0% |
| Operating income | +25.3% | +15.1% | +8.2% | +10.5% |
| Net income | +26.3% | +16.9% | +6.2% | +13.3% |
| EPS (diluted) | +33.8% | +12.7% | −3.2% | +13.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MNST quarterly EPS vs estimates
Monster Beverage beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.30).
MNST income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.29B | $7.49B | $7.14B | $6.31B | $5.54B | $4.60B | $4.20B | $3.81B | $3.37B | $3.05B |
| Cost of revenue | $3.66B | $3.44B | $3.35B | $3.14B | $2.43B | $1.87B | $1.68B | $1.51B | $1.23B | $1.11B |
| Gross profit | $4.63B | $4.05B | $3.79B | $3.17B | $3.11B | $2.72B | $2.52B | $2.30B | $2.14B | $1.94B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | — | $1.99B | $1.82B | $1.59B | $1.31B | $1.09B | $625.0M | $1.01B | $901.7M | $779.3M |
| Total operating expenses | $2.21B | $2.12B | $1.84B | $1.59B | $1.31B | $1.09B | $1.12B | $1.01B | $938.9M | $856.7M |
| Operating income | $2.42B | $1.93B | $1.95B | $1.58B | $1.80B | $1.63B | $1.40B | $1.28B | $1.20B | $1.09B |
| Interest income | — | — | — | — | — | — | $13.0M | $9.7M | $2.8M | $5.7M |
| Interest expense | $6.6M | $27.9M | $115.1M | $12.8M | $54.1M | $54.0M | $77.8M | $9.7M | $2.8M | $5.7M |
| Income before taxes | $2.48B | $1.99B | $2.07B | $1.57B | $1.80B | $1.63B | $1.42B | $1.29B | $1.20B | $1.08B |
| Income taxes | $577.1M | $480.4M | $437.5M | $380.3M | $423.9M | $216.6M | $308.1M | $300.3M | $380.9M | $367.0M |
| Net income | $1.91B | $1.51B | $1.63B | $1.19B | $1.38B | $1.41B | $1.11B | $993.0M | $820.7M | $712.7M |
| EBITDA | $2.60B | $2.10B | $1.95B | $1.65B | $1.85B | $1.69B | $1.47B | $1.34B | $1.25B | $1.13B |
| EPS (diluted) | $2.02 | $1.51 | $1.58 | $1.41 | $1.60 | $2.38 | $1.28 | $1.11 | $0.84 | $0.95 |
| Gross margin | 55.8% | 54.0% | 53.1% | 50.3% | 56.1% | 59.2% | 60.0% | 60.3% | 63.5% | 63.7% |
| Operating margin | 29.2% | 25.8% | 27.4% | 25.1% | 32.4% | 35.5% | 33.4% | 33.7% | 35.6% | 35.6% |
| Net margin | 23.0% | 20.1% | 22.8% | 18.9% | 24.9% | 30.7% | 26.4% | 26.1% | 24.4% | 23.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.54B | $2.35B | $2.13B | $2.20B | $2.11B | $1.85B | $1.81B | $1.88B | $1.90B | $1.90B | $1.73B | $1.86B |
| Cost of revenue | $1.12B | $1.06B | $947.7M | $972.7M | $935.2M | $806.6M | $809.6M | $881.2M | $881.1M | $872.0M | $791.7M | $872.3M |
| Gross profit | $1.42B | $1.29B | $1.18B | $1.22B | $1.18B | $1.05B | $1.00B | $999.8M | $1.02B | $1.03B | $938.4M | $983.8M |
| Sales, general & admin | — | — | — | — | — | — | $285.9M | $519.9M | $300.2M | $485.1M | $465.2M | $465.2M |
| Total operating expenses | $679.2M | $563.4M | $640.7M | $549.1M | $544.8M | $478.2M | $621.2M | $519.9M | $492.3M | $485.1M | $1.30B | $473.2M |
| Operating income | $740.4M | $730.0M | $542.6M | $675.4M | $631.6M | $569.7M | $381.2M | $479.9M | $527.2M | $542.0M | $434.0M | $510.5M |
| Interest income | $36.0M | $28.6M | — | — | $15.1M | $16.8M | — | — | $24.4M | $35.8M | — | — |
| Interest expense | $800,000 | $600,000 | $300,000 | $500,000 | $1.8M | $4.0M | $10.4M | $12.5M | $4.9M | $100,000 | $16.1M | $71.4M |
| Income before taxes | $768.3M | $750.1M | $568.3M | $689.5M | $646.7M | $578.0M | $386.1M | $474.1M | $551.5M | $577.7M | $450.1M | $581.9M |
| Income taxes | $183.7M | $180.6M | $119.1M | $165.1M | $157.9M | $135.0M | $115.4M | $103.2M | $126.2M | $135.7M | $83.1M | $129.2M |
| Net income | $584.5M | $569.5M | $449.2M | $524.5M | $488.8M | $443.0M | $270.7M | $370.9M | $425.4M | $442.0M | $367.0M | $452.7M |
| EBITDA | $798.1M | $779.1M | $601.0M | $719.7M | $676.0M | $606.9M | $417.1M | $506.5M | $575.9M | $598.3M | $415.8M | $599.9M |
| EPS (diluted) | $0.60 | $0.58 | $0.51 | $0.54 | $0.52 | $0.45 | $0.28 | $0.40 | $0.41 | $0.42 | $0.38 | $0.43 |
| Gross margin | 55.9% | 55.0% | 55.5% | 55.7% | 55.7% | 56.5% | 55.3% | 53.2% | 53.6% | 54.1% | 54.2% | 53.0% |
| Operating margin | 29.2% | 31.0% | 25.5% | 30.7% | 29.9% | 30.7% | 21.0% | 25.5% | 27.7% | 28.5% | 25.1% | 27.5% |
| Net margin | 23.0% | 24.2% | 21.1% | 23.9% | 23.1% | 23.9% | 14.9% | 19.7% | 22.4% | 23.3% | 21.2% | 24.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MNST's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MNST financial results
In fiscal year 2025 (ended December 31, 2025), Monster Beverage reported revenue of $8.3 billion, up 10.7% from the year before. It had net income of $1.9 billion (up 26.3%), a net profit margin of 23.0%. Diluted earnings per share came to $2.02. Over five years revenue grew at an average rate of 12.5% a year.
See the MNST stock overview for the latest quote and news, or the MNST chart for price history and technical indicators.
MNST income statement FAQ
What is Monster Beverage's annual revenue?
Monster Beverage reported total revenue of $8.3 billion for fiscal year 2025, which ended on December 31, 2025. That was up 10.7% from $7.5 billion the previous year.
Is Monster Beverage profitable?
Yes. Monster Beverage reported net income of $1.9 billion in fiscal 2025, a net profit margin of 23.0%; its operating margin was 29.2%.
What is Monster Beverage's gross margin?
Monster Beverage's gross margin was 55.8% in fiscal 2025: for every $100 of revenue, Monster Beverage kept $56 after the direct cost of its products and services.
How fast is Monster Beverage growing?
Revenue grew 12.5% a year on average over the last five fiscal years, from $4.6 billion to $8.3 billion.
What are Monster Beverage's earnings per share?
Monster Beverage earned $2.02 per diluted share in fiscal 2025, compared with $1.51 a year earlier.
When will Monster Beverage report its next earnings?
Monster Beverage is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Monster Beverage's fiscal year end?
Monster Beverage's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.