Molson Coors Beverage Company (TAP) reported $12.85B of revenue for the twelve months ended Sep 30, 2026. That is down 2.3% from the year before. Revenue for fiscal 2025 was $13.04B.

Yes. Molson Coors Beverage Company earned $892.80M in net income for the twelve months ended Sep 30, 2026, a net margin of 6.9%.

How much cash and debt does TAP have?

Molson Coors Beverage Company reported $602.20M in cash and cash equivalents and $6.00B of debt on its most recent balance sheet in SEC filings.

How fast is TAP revenue growing?

Molson Coors Beverage Company's revenue changed -5.1% in fiscal 2025, to $13.04B. Its compound annual growth rate was +2.2% over 5 years.

What is TAP gross margin?

Molson Coors Beverage Company's gross profit was $3.96B on $12.85B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 30.8%.

When did TAP last report financial results?

The latest statements here come from Molson Coors Beverage Company's 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.

Financials · TAP

Molson Coors Beverage Company (TAP) financials

For the twelve months ended Sep 30, 2026, Molson Coors Beverage Company reported $12.85B of revenue and $892.80M of net income.

Revenue, TTM: $12.85B
Revenue growth, YoY: -2.3%
Net income, TTM: $892.80M
Net margin: 6.9%
Cash: $602.20M
Total debt: $6.00B
P/E: 8.42
P/S: 0.58
Market cap: $7.52B

Annual revenue$13.04B

FY2016FY2025

Annual net income-$2.14B

FY2016FY2025

Annual free cash flow$1.07B

FY2016FY2025

TAP revenue and earnings growth

TAP revenueQ3 2026$3.40B

Quarter YoY: -2.3%
QoQ: -5.5%
FY YoY: -5.1%
5Y CAGR: +2.2%

TAP revenue was $3.40B in fiscal Q3 2026 (ended Sep 30, 2026), down 2.3% from a year earlier and down 5.5% from the prior quarter. For the full fiscal 2025 it was $13.04B, down 5.1% from fiscal 2024. Compound annual growth was +2.2% over 5 years. It rose in 4 of the last 9 fiscal years.

TAP net incomeQ3 2026$271.50M

QoQ: +17.2%

TAP net income was $271.50M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$2.93B a year earlier and up 17.2% from the prior quarter. For the full fiscal 2025 it was -$2.14B, compared with $1.12B in fiscal 2024.

TAP EPSQ3 2026$1.45

QoQ: +17.9%

TAP diluted EPS was $1.45 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$14.79 a year earlier and up 17.9% from the prior quarter. For the full fiscal 2025 it was -$10.75, compared with $5.35 in fiscal 2024.

TAP free cash flowQ3 2026$326.20M

Quarter YoY: -32.5%
FY YoY: -13.6%
5Y CAGR: -1.0%
10Y CAGR: +9.2%

TAP free cash flow was $326.20M in fiscal Q3 2026 (ended Sep 30, 2026), down 32.5% from a year earlier. For the full fiscal 2025 it was $1.07B, down 13.6% from fiscal 2024. Compound annual growth was -1.0% over 5 years and +9.2% over 10 years. It rose in 4 of the last 10 fiscal years.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$13.04B	$13.73B	$13.88B	$12.81B	$12.45B	$11.72B	$13.01B	$13.34B	$13.47B	$6.60B
Cost of revenue	$6.87B	$7.09B	$7.33B	$7.05B	$6.23B	$5.89B	$6.38B	$6.58B	$6.24B	$3.00B
Gross profit	$4.27B	$4.53B	$4.37B	$3.66B	$4.05B	$3.77B	$4.20B	$4.18B	$4.77B	$1.89B
Selling, general and admin	$2.64B	$2.72B	$2.78B	$2.62B	$2.55B	$2.44B	$2.73B	$2.80B	$3.05B	$1.60B
Operating income	-$2.34B	$1.75B	$1.44B	$157.50M	$1.45B	-$408.90M	$764.40M	$1.63B	$1.68B	$3.32B
Interest expense	$247.90M	$282.70M	$234.00M	$250.60M	$260.30M	$274.60M	$280.90M	$306.20M	$349.30M	$271.60M
Pre-tax income	-$2.52B	$1.50B	$1.25B	-$62.50M	$1.24B	-$643.90M	$479.90M	$1.36B	$1.38B	$3.05B
Income tax	-$337.80M	$345.30M	$296.10M	$124.00M	$230.50M	$301.80M	$233.70M	$225.20M	-$204.60M	$1.45B
Net income	-$2.14B	$1.12B	$948.90M	-$175.30M	$1.01B	-$949.00M	$241.70M	$1.12B	$1.57B	$1.59B
EPS, basic	-$10.75	$5.38	$4.39	-$0.81	$4.63	-$4.38	$1.12	$5.17	$7.27	$7.52
EPS, diluted	-$10.75	$5.35	$4.37	-$0.81	$4.62	-$4.38	$1.11	$5.15	$7.23	$7.47
Diluted shares	199.1M	209.9M	217.3M	216.9M	217.6M	216.8M	216.9M	216.6M	216.5M	213.4M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$896.50M	$969.30M	$868.90M	$600.00M	$637.40M	$770.10M	$523.40M	$1.06B	$418.60M	$560.90M
Receivables	$703.00M	$693.10M	$757.80M	$739.80M	$678.90M	$549.60M	$705.90M	$736.00M	$728.30M	$654.40M
Inventory	$715.90M	$727.80M	$802.30M	$792.90M	$804.70M	$664.30M	$615.90M	$591.80M	$591.50M	$592.70M
Current assets	$2.94B	$2.85B	$2.85B	$2.64B	$2.78B	$2.42B	$2.18B	$2.77B	$2.19B	$2.17B
Goodwill	$1.94B	$5.58B	$5.33B	$5.29B	$6.15B	$6.15B	$7.63B	$8.26B	$8.41B	$8.25B
Total assets	$22.74B	$26.06B	$26.38B	$25.87B	$27.62B	$27.33B	$28.86B	$30.11B	$30.25B	$29.34B
Current liabilities	$5.31B	$3.05B	$4.09B	$3.38B	$3.62B	$3.91B	$3.70B	$4.30B	$3.40B	$3.16B
Short-term debt	$2.43B	$32.20M	$911.80M	$397.10M	$514.90M	$1.02B	$928.20M	$1.59B	$714.80M	$684.80M
Long-term debt	$3.87B	$6.11B	$5.31B	$6.17B	$6.65B	$7.21B	$8.11B	$8.89B	$10.60B	$11.39B
Total debt	$6.30B	$6.15B	$6.22B	$6.56B	$7.16B	$8.23B	$9.04B	$10.49B	$11.31B	$12.07B
Total liabilities	$12.20B	$12.61B	$12.94B	$12.95B	$13.95B	$14.71B	$15.19B	$16.37B	$17.06B	$17.72B
Shareholders' equity	$10.23B	$13.28B	$13.41B	$12.92B	$13.66B	$12.62B	$13.67B	$13.74B	$13.19B	$11.22B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$1.78B	$1.91B	$2.08B	$1.50B	$1.57B	$1.70B	$1.90B	$2.33B	$1.87B	$1.13B
Capital expenditures	$716.60M	$674.10M	$671.50M	$661.40M	$522.60M	$574.80M	$593.80M	$651.70M	$599.60M	$341.80M
Free cash flow	$1.07B	$1.24B	$1.41B	$840.60M	$1.05B	$1.12B	$1.30B	$1.68B	$1.27B	$785.10M
Investing cash flow	-$822.10M	-$648.00M	-$841.70M	-$625.10M	-$509.90M	-$413.60M	-$433.30M	-$669.10M	-$538.20M	-$12.29B
Financing cash flow	-$1.06B	-$1.14B	-$981.40M	-$889.50M	-$1.17B	-$1.07B	-$2.01B	-$1.01B	-$1.50B	$11.32B
Dividends paid	$376.30M	$369.20M	$354.70M	$329.30M	$147.80M	$125.30M	$424.40M	$354.20M	$353.40M	$352.90M
Share repurchases	$647.90M	$643.40M	$205.80M	$51.50M	$0	$0	-	-	-	-
Stock-based compensation	$35.00M	$43.10M	$44.90M	$33.60M	$32.10M	$24.20M	$8.50M	$42.60M	$58.30M	$29.90M
Depreciation and amortization	$711.30M	$759.40M	$682.80M	$684.80M	$786.10M	$922.00M	$859.00M	$857.50M	$812.80M	$388.40M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	-5.1%	-1.1%	8.4%	2.9%	6.2%	-9.9%	-2.5%	-1.0%	104.2%	-
Net income growth, YoY	-	18.3%	-	-	-	-	-78.4%	-28.7%	-1.8%	303.3%
EPS growth, YoY	-	22.4%	-	-	-	-	-78.4%	-28.8%	-3.2%	252.4%
Gross margin	32.8%	33.0%	31.5%	28.5%	32.6%	32.1%	32.3%	31.4%	35.4%	28.6%
Operating margin	-17.9%	12.8%	10.4%	1.2%	11.7%	-3.5%	5.9%	12.2%	12.5%	50.4%
Net margin	-16.4%	8.2%	6.8%	-1.4%	8.1%	-8.1%	1.9%	8.4%	11.6%	24.2%
Free cash flow margin	8.2%	9.0%	10.1%	6.6%	8.4%	9.6%	10.0%	12.6%	9.4%	11.9%
Return on equity	-20.9%	8.4%	7.1%	-1.4%	7.4%	-7.5%	1.8%	8.1%	11.9%	14.2%
Return on assets	-9.4%	4.3%	3.6%	-0.7%	3.6%	-3.5%	0.8%	3.7%	5.2%	5.4%
Current ratio	0.55	0.94	0.70	0.78	0.77	0.62	0.59	0.64	0.64	0.69
Debt to equity	0.62	0.46	0.46	0.51	0.52	0.65	0.66	0.76	0.86	1.08

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026* Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	$3.40B	$3.60B	$2.72B	$3.13B	$3.48B	$3.74B	$2.69B	$3.24B	$3.60B	$3.84B	$3.05B	$3.33B
Cost of revenue	$1.90B	$2.03B	$1.45B	$1.69B	$1.80B	$1.92B	$1.45B	$1.70B	$1.84B	$1.92B	$1.63B	$1.76B
Gross profit	$1.03B	$1.06B	$897.20M	$968.30M	$1.17B	$1.28B	$850.90M	$1.04B	$1.20B	$1.33B	$963.50M	$1.03B
Selling, general and admin	$633.50M	$718.50M	$610.00M	$610.90M	$686.70M	$693.10M	$653.20M	$649.70M	$684.70M	$728.50M	$654.60M	$683.20M
Operating income	$390.60M	$331.90M	$258.30M	$324.30M	-$3.43B	$583.60M	$186.30M	$388.10M	$451.20M	$599.60M	$314.30M	$199.30M
Interest expense	$67.70M	$68.80M	$60.20M	$62.30M	$62.70M	$61.60M	$61.30M	$63.10M	$106.40M	$57.80M	$55.40M	-
Pre-tax income	$342.20M	$283.10M	$194.70M	$266.30M	-$3.50B	$554.90M	$156.30M	$346.30M	$331.40M	$559.90M	$265.40M	$165.50M
Income tax	$77.00M	$61.50M	$44.60M	$57.00M	-$558.60M	$130.60M	$33.20M	$52.60M	$102.60M	$134.60M	$55.50M	$60.00M
Net income	$271.50M	$231.70M	$151.30M	$238.30M	-$2.93B	$428.70M	$121.00M	$287.80M	$199.80M	$427.00M	$207.80M	$103.30M
EPS, basic	$1.46	$1.24	-	$1.30	-$14.79	$2.14	$0.60	$1.41	$0.96	$2.03	$0.98	$0.49
EPS, diluted	$1.45	$1.23	-	$1.32	-$14.79	$2.13	$0.59	$1.39	$0.96	$2.03	$0.97	$0.49
Diluted shares	186.8M	187.7M	-	-	197.9M	201.2M	204.0M	-	208.0M	210.8M	214.2M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026* Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	$602.20M	$2.13B	-	$896.50M	$950.20M	$613.80M	$412.70M	$969.30M	$1.02B	$1.65B	$458.40M	$868.90M
Receivables	$808.10M	$1.00B	-	$703.00M	$842.50M	$1.02B	$789.10M	$693.10M	$873.50M	$1.07B	$894.10M	$757.80M
Inventory	$847.30M	$849.10M	-	$715.90M	$820.60M	$902.00M	$870.50M	$727.80M	$833.30M	$848.50M	$870.90M	$802.30M
Current assets	$2.84B	$4.58B	-	$2.94B	$3.23B	$3.08B	$2.56B	$2.85B	$3.23B	$4.04B	$2.68B	$2.85B
Goodwill	$2.15B	$2.14B	-	$1.94B	$1.94B	$5.59B	$5.58B	$5.58B	$5.32B	$5.32B	$5.32B	$5.33B
Total assets	$22.60B	$24.36B	-	$22.74B	$22.87B	$26.83B	$25.93B	$26.06B	$26.64B	$27.39B	$26.07B	$26.38B
Current liabilities	$3.32B	$5.21B	-	$5.31B	$5.34B	$3.24B	$2.87B	$3.05B	$3.25B	$4.24B	$3.86B	$4.09B
Short-term debt	$330.40M	$2.04B	-	$2.43B	$2.41B	$62.30M	$83.20M	$32.20M	$37.70M	$894.20M	$905.50M	$911.80M
Long-term debt	$5.67B	$5.67B	-	$3.87B	$3.88B	$6.26B	$6.15B	$6.11B	$6.20B	$6.16B	$5.31B	$5.31B
Total debt	$6.00B	$7.71B	-	$6.30B	$6.29B	$6.32B	$6.24B	$6.15B	$6.24B	$7.06B	$6.22B	$6.22B
Total liabilities	$12.08B	$13.95B	-	$12.20B	$12.20B	$13.03B	$12.48B	$12.61B	$13.07B	$13.98B	$12.71B	$12.94B
Shareholders' equity	$10.25B	$10.31B	$10.25B	$10.23B	$10.52B	$13.64B	$13.29B	$13.28B	$13.53B	$13.39B	$13.33B	$13.41B

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026* Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	$460.00M	-	-	$540.70M	$616.10M	$718.30M	-$90.70M	$494.50M	$521.20M	$869.20M	$25.40M	$474.50M
Capital expenditures	$133.80M	-	-	$182.90M	$133.10M	$163.30M	$237.30M	$111.10M	$170.80M	$177.50M	$214.70M	$177.40M
Free cash flow	$326.20M	-	-	$357.80M	$483.00M	$555.00M	-$328.00M	$383.40M	$350.40M	$691.70M	-$189.30M	$297.10M
Investing cash flow	-$131.70M	-	-	-$187.00M	-$135.40M	-$158.40M	-$341.30M	-$117.70M	-$148.90M	-$168.90M	-$212.50M	-$173.20M
Financing cash flow	-$1.85B	-	-	-$410.20M	-$140.40M	-$375.00M	-$131.20M	-$393.60M	-$1.03B	$501.80M	-$216.20M	-$252.80M
Dividends paid	$89.40M	-	-	$90.60M	$93.00M	$93.50M	$99.20M	$89.80M	$91.00M	$91.60M	$96.80M	$88.00M
Share repurchases	$43.90M	-	-	$315.10M	$26.00M	$247.20M	$59.60M	$206.00M	$62.10M	$261.70M	$113.60M	$144.90M
Stock-based compensation	$9.20M	-	-	$7.80M	$8.30M	$7.00M	$11.90M	$8.50M	$10.40M	$11.40M	$12.80M	$10.80M
Depreciation and amortization	$183.40M	$192.00M	$185.70M	$181.10M	$179.80M	$170.10M	$180.30M	$247.30M	$175.40M	$167.70M	$169.00M	$174.20M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026* Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	-2.3%	-3.6%	1.0%	-3.6%	-3.3%	-2.6%	-11.8%	-2.7%	-7.7%	-0.9%	9.9%	6.0%
Net income growth, YoY	-	-46.0%	25.0%	-17.2%	-	0.4%	-41.8%	178.6%	-53.6%	24.7%	186.6%	-
EPS growth, YoY	-	-42.3%	-	-5.0%	-	4.9%	-39.2%	183.7%	-51.5%	29.3%	193.9%	-
Gross margin	30.3%	29.5%	33.0%	31.0%	33.7%	34.3%	31.6%	32.0%	33.4%	34.6%	31.6%	31.0%
Operating margin	11.5%	9.2%	9.5%	10.4%	-98.5%	15.6%	6.9%	12.0%	12.5%	15.6%	10.3%	6.0%
Net margin	8.0%	6.4%	5.6%	7.6%	-84.0%	11.5%	4.5%	8.9%	5.5%	11.1%	6.8%	3.1%
Free cash flow margin	9.6%	-	-	11.4%	13.9%	14.8%	-12.2%	11.8%	9.7%	18.0%	-6.2%	8.9%
Current ratio	0.86	0.88	-	0.55	0.60	0.95	0.89	0.94	0.99	0.95	0.69	0.70
Debt to equity	0.59	0.75	-	0.62	0.60	0.46	0.47	0.46	0.46	0.53	0.47	0.46

Source: XBRL data Molson Coors Beverage Company files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

TAP peers

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TAP	$12.85B	-2.3%	$892.80M	6.9%	$7.52B
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PEPPepsiCo Inc.	$98.24B	+6.4%	$10.90B	11.1%	$192.61B
KOFCoca Cola Femsa S.A.B. de C.V.	MXN 291.75B	+4.3%	MXN 23.84B	8.2%	$192.32B
BUDAnheuser-Busch Inbev SA Sponsored ADR (Belgium)	$59.32B	-0.7%	$6.84B	11.5%	$165.57B
MNSTMonster Beverage Corporation	$9.22B	+20.4%	$2.13B	23.1%	$134.35B
DEODiageo plc	$27.76B	-0.7%	$1.96B	7.1%	$55.53B
CCEPCoca-Cola Europacific Partners plc	€20.90B	+2.3%	€1.94B	9.3%	$52.72B
KDPKeurig Dr Pepper Inc.	$20.09B	+27.5%	$1.43B	7.1%	$49.84B

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7 questions

What is TAP revenue?
Molson Coors Beverage Company (TAP) reported $12.85B of revenue for the twelve months ended Sep 30, 2026. That is down 2.3% from the year before. Revenue for fiscal 2025 was $13.04B.
Is TAP profitable?
Yes. Molson Coors Beverage Company earned $892.80M in net income for the twelve months ended Sep 30, 2026, a net margin of 6.9%.
How much cash and debt does TAP have?
Molson Coors Beverage Company reported $602.20M in cash and cash equivalents and $6.00B of debt on its most recent balance sheet in SEC filings.
How fast is TAP revenue growing?
Molson Coors Beverage Company's revenue changed -5.1% in fiscal 2025, to $13.04B. Its compound annual growth rate was +2.2% over 5 years.
What is TAP gross margin?
Molson Coors Beverage Company's gross profit was $3.96B on $12.85B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 30.8%.
When did TAP last report financial results?
The latest statements here come from Molson Coors Beverage Company's 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
Where does this TAP financial data come from?
Quantisnow builds these statements from the structured XBRL data Molson Coors Beverage Company files with the SEC. It is provided for information only and is not investment advice.