Molson Coors Beverage Co (TAP.A) stock
TAP.ANYSEMalt BeveragesFiscal year ends December 31Also trades as TAP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026Score 9/3060% below fair value
$44.80+2.57 (+6.09%)
Close on Oct 29, 2026Market cap $7.92BP/E –Yield 4.20%
Earnings
Molson Coors Beverage's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Next report
Nov 3, 2026
Q3 FY2026 · estimated, before the open
Revenue, Q2 FY2026
$3.10B
Underlying (Non-GAAP) diluted earnings per share, Q2 FY2026
$1.58
$2.05 a year earlier
Latest guidance
Reaffirmed
Aug 6, 2026 · 7 items
Quarterly results
Revenue and earnings per share from each of Molson Coors Beverage's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q3 FY2026ended Sep 30, 2026 | Nov 3, 2026Expected | – | – | – | – | – |
| Q2 FY2026ended Jun 30, 2026 | Aug 6, 2026before the open | $3.10B | – | $1.23 | $1.58 | Release |
| Q1 FY2026ended Mar 31, 2026 | Apr 30, 2026before the open | $2.35B | +2.0% | $0.80 | $0.62 | Release |
| Q4 FY2025ended Dec 31, 2025 | Feb 18, 2026after the close | – | – | – | $1.21 | Release |
| Q3 FY2025ended Sep 30, 2025 | Nov 4, 2025before the open | $2.97B | -2.3% | -$14.79 | $1.67 | Release |
| Q2 FY2025ended Jun 30, 2025 | Aug 5, 2025before the open | – | – | $2.13 | $2.05 | Release |
| Q1 FY2025ended Mar 31, 2025 | May 8, 2025before the open | $2.30B | -11.3% | $0.59 | $0.50 | Release |
| Q4 FY2024ended Dec 31, 2024 | Feb 13, 2025before the open | $2.74B | -2.0% | – | – | Release |
| Q3 FY2024ended Sep 30, 2024 | Nov 7, 2024before the open | $3.04B | -7.8% | $0.96 | $1.80 | Release |
| Q2 FY2024ended Jun 30, 2024 | Aug 6, 2024before the open | $3.25B | -0.4% | $2.03 | $1.92 | Release |
| Q1 FY2024ended Mar 31, 2024 | Apr 30, 2024before the open | $2.60B | – | $0.97 | $0.95 | Release |
| Q4 FY2023ended Dec 31, 2023 | Feb 13, 2024before the open | $2.79B | +6.1% | $0.48 | $1.19 | Release |
| Q3 FY2023ended Sep 30, 2023 | Nov 2, 2023before the open | $3.30B | +12.4% | $1.98 | $1.92 | Release |
| Q2 FY2023ended Jun 30, 2023 | Aug 1, 2023before the open | $3.27B | +11.8% | $1.57 | $1.78 | Release |
| Q1 FY2023ended Mar 31, 2023 | May 2, 2023before the open | – | – | $0.33 | $0.54 | Release |
| Q4 FY2022ended Dec 31, 2022 | Feb 21, 2023before the open | $2.63B | +0.4% | -$2.73 | $1.30 | Release |
| Q3 FY2022ended Sep 30, 2022 | Nov 1, 2022before the open | $2.94B | +4.0% | $0.99 | $1.32 | Release |
| Q2 FY2022ended Jun 30, 2022 | Aug 2, 2022before the open | $2.92B | – | $0.22 | $1.19 | Release |
| Q1 FY2022ended Mar 31, 2022 | May 3, 2022before the open | $2.21B | – | $0.70 | $0.29 | Release |
| Q4 FY2021ended Dec 31, 2021 | Feb 23, 2022before the open | $2.62B | – | $0.37 | $0.81 | Release |
| Q3 FY2021ended Sep 30, 2021 | Oct 28, 2021before the open | $2.82B | – | $2.08 | $1.75 | Release |
| Q2 FY2021ended Jun 30, 2021 | Jul 29, 2021before the open | – | – | – | – | Release |
| Q1 FY2021ended Mar 31, 2021 | Apr 29, 2021before the open | – | – | – | – | Filing |
| Q4 FY2020ended Dec 31, 2020 | Feb 11, 2021before the open | – | – | – | – | Filing |
| Q3 FY2020ended Sep 30, 2020 | Oct 29, 2020before the open | – | – | – | – | Filing |
| Q2 FY2020ended Jun 30, 2020 | Jul 30, 2020before the open | – | – | – | – | Filing |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Molson Coors Beverage's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| Net salesnon-GAAP | FY2026 | -1% – +1% | -1% – +1% | Reaffirmed | Apr 30, 2026 |
| Underlying income (loss) before income taxesnon-GAAP | FY2026 | -18% – -15% | – | New | Apr 30, 2026 |
| Underlying earnings per sharenon-GAAP | FY2026 | -15% – -11% | -15% – -11% | Reaffirmed | Aug 6, 2026 |
| Underlying free cash flownon-GAAP | FY2026 | $1.10B | $1.10B | Reaffirmed | Aug 6, 2026 |
| Capital expenditures | FY2026 | $650.00M | $650.00M | Reaffirmed | Aug 6, 2026 |
| Consolidated net interest expense | FY2026 | $260.00M | $260.00M | Reaffirmed | Aug 6, 2026 |
| Underlying depreciation and amortizationnon-GAAP | FY2026 | $720.00M | $720.00M | Reaffirmed | Aug 6, 2026 |
| Underlying effective tax ratenon-GAAP | FY2026 | 22% – 24% | 22% – 24% | Reaffirmed | Aug 6, 2026 |
| Underlying income (loss) before income taxesnon-GAAP | FY2026 | -18% – -15% | -18% – -15% | Reaffirmed | Aug 6, 2026 |
Guidance history
Every forecast Molson Coors Beverage put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Aug 6, 2026 | Capital expenditures | FY2026 | $650.00M | Reaffirmed |
| Aug 6, 2026 | Underlying earnings per share | FY2026 | -15% – -11% | Reaffirmed |
| Aug 6, 2026 | Underlying free cash flow | FY2026 | $1.10B | Reaffirmed |
| Aug 6, 2026 | Underlying effective tax rate | FY2026 | 22% – 24% | Reaffirmed |
| Aug 6, 2026 | Underlying income (loss) before income taxes | FY2026 | -18% – -15% | Reaffirmed |
| Aug 6, 2026 | Consolidated net interest expense | FY2026 | $260.00M | Reaffirmed |
| Aug 6, 2026 | Underlying depreciation and amortization | FY2026 | $720.00M | Reaffirmed |
| Apr 30, 2026 | Capital expenditures | FY2026 | $650.00M | Reaffirmed |
| Apr 30, 2026 | Underlying earnings per share | FY2026 | -15% – -11% | Reaffirmed |
| Apr 30, 2026 | Underlying free cash flow | FY2026 | $1.10B | Reaffirmed |
| Apr 30, 2026 | Underlying income (loss) before income taxes | FY2026 | -18% – -15% | New |
| Apr 30, 2026 | Underlying effective tax rate | FY2026 | 22% – 24% | Reaffirmed |
| Apr 30, 2026 | Consolidated net interest expense | FY2026 | $260.00M | Reaffirmed |
| Apr 30, 2026 | Underlying depreciation and amortization | FY2026 | $720.00M | Reaffirmed |
| Apr 30, 2026 | Net sales | FY2026 | -1% – +1% | Reaffirmed |
| Feb 18, 2026 | Capital expenditures | FY2026 | $650.00M | New |
| Feb 18, 2026 | Underlying earnings per share | FY2026 | -15% – -11% | New |
| Feb 18, 2026 | Underlying free cash flow | FY2026 | $1.10B | New |
| Feb 18, 2026 | Underlying effective tax rate | FY2026 | 22% – 24% | New |
| Feb 18, 2026 | Underlying income (loss) before income taxes | FY2026 | -18% – -15% | New |
| Feb 18, 2026 | Consolidated net interest expense | FY2026 | $260.00M | New |
| Feb 18, 2026 | Underlying depreciation and amortization | FY2026 | $720.00M | New |
| Feb 18, 2026 | Net sales | FY2026 | -1% – +1% | New |
| Nov 4, 2025 | Capital expenditures | FY2025 | $650.00M | New |
| Nov 4, 2025 | Underlying (Non-GAAP) diluted earnings per share | FY2025 | -10% – -7% | New |
| Nov 4, 2025 | Underlying (Non-GAAP) free cash flow | FY2025 | $1.30B | New |
| Nov 4, 2025 | Underlying (Non-GAAP) effective tax rate | FY2025 | 22% – 24% | New |
| Nov 4, 2025 | Underlying (Non-GAAP) income (loss) before income taxes | FY2025 | -15% – -12% | New |
| Nov 4, 2025 | Underlying (Non-GAAP) net interest expense | FY2025 | $225.00M | New |
| Nov 4, 2025 | Underlying (Non-GAAP) depreciation and amortization | FY2025 | $675.00M | Raised |
| Nov 4, 2025 | Net sales | FY2025 | -4% – -3% | New |
| Aug 5, 2025 | Capital expenditures | FY2025 | $650.00M | New |
| Aug 5, 2025 | Underlying (Non-GAAP) diluted earnings per share | FY2025 | -10% – -7% | New |
| Aug 5, 2025 | Underlying (Non-GAAP) free cash flow | FY2025 | $1.30B | Reaffirmed |
| Aug 5, 2025 | Underlying (Non-GAAP) effective tax rate | FY2025 | 22% – 24% | Reaffirmed |
| Aug 5, 2025 | Underlying (Non-GAAP) income (loss) before income taxes | FY2025 | -15% – -12% | New |
| Aug 5, 2025 | Underlying (Non-GAAP) net interest expense | FY2025 | $225.00M | Raised |
| Aug 5, 2025 | Underlying (Non-GAAP) depreciation and amortization | FY2025 | $675.00M | Raised |
| Aug 5, 2025 | Net sales | FY2025 | -4% – -3% | New |
| May 8, 2025 | Capital expenditures | FY2025 | $650.00M | Lowered |
| May 8, 2025 | Underlying (Non-GAAP) free cash flow | FY2025 | $1.30B | Reaffirmed |
| May 8, 2025 | Underlying (Non-GAAP) effective tax rate | FY2025 | 22% – 24% | Reaffirmed |
| May 8, 2025 | Underlying (Non-GAAP) depreciation and amortization | FY2025 | $675.00M | New |
| May 8, 2025 | Underlying (Non-GAAP) net interest expense | FY2025 | $215.00M | Lowered |
| Feb 13, 2025 | Capital Expenditures | FY2025 | $750.00M | New |
| Feb 13, 2025 | Underlying free cash flow | FY2025 | $1.30B | New |
| Feb 13, 2025 | Underlying effective tax rate | FY2025 | 22% – 24% | New |
| Nov 7, 2024 | Capital expenditures | FY2024 | $750.00M | Reaffirmed |
| Nov 7, 2024 | Underlying free cash flow | FY2024 | $1.20B | Reaffirmed |
| Nov 7, 2024 | Underlying effective tax rate | FY2024 | 23% – 25% | Reaffirmed |
| Nov 7, 2024 | Underlying depreciation and amortization | FY2024 | $700.00M | Reaffirmed |
| Nov 7, 2024 | Underlying net interest income (expense), net | FY2024 | $210.00M | Lowered |
| Nov 7, 2024 | Net Sales | FY2024 | -1% | New |
| Aug 6, 2024 | Capital expenditures | FY2024 | $750.00M | Reaffirmed |
| Aug 6, 2024 | Underlying free cash flow | FY2024 | $1.20B | Reaffirmed |
| Aug 6, 2024 | Underlying effective tax rate | FY2024 | 23% – 25% | Reaffirmed |
| Aug 6, 2024 | Consolidated net interest expense | FY2024 | $210.00M | Reaffirmed |
| Aug 6, 2024 | Underlying depreciation and amortization | FY2024 | $700.00M | Reaffirmed |
| Apr 30, 2024 | Capital expenditures | FY2024 | $750.00M | Reaffirmed |
| Apr 30, 2024 | Underlying free cash flow | FY2024 | $1.20B | Reaffirmed |
| Apr 30, 2024 | Underlying effective tax rate | FY2024 | 23% – 25% | Reaffirmed |
| Apr 30, 2024 | Consolidated net interest expense | FY2024 | $210.00M | Reaffirmed |
| Apr 30, 2024 | Underlying depreciation and amortization | FY2024 | $700.00M | Reaffirmed |
| Feb 13, 2024 | Capital Expenditures | FY2024 | $750.00M | New |
| Feb 13, 2024 | Underlying free cash flow | FY2024 | $1.20B | New |
| Feb 13, 2024 | Underlying effective tax rate | FY2024 | 23% – 25% | New |
| Feb 13, 2024 | Consolidated net interest expense | FY2024 | $210.00M | New |
| Feb 13, 2024 | Underlying depreciation and amortization | FY2024 | $700.00M | New |
| Nov 2, 2023 | Capital expenditures | FY2023 | $700.00M | Reaffirmed |
| Nov 2, 2023 | Underlying free cash flow | FY2023 | $1.20B | Reaffirmed |
| Nov 2, 2023 | Underlying effective tax rate | FY2023 | 21% – 23% | Reaffirmed |
| Nov 2, 2023 | Underlying income (loss) before income taxes | FY2023 | +32% – +36% | Raised |
| Nov 2, 2023 | Consolidated net interest expense | FY2023 | $210.00M | Lowered |
| Nov 2, 2023 | Underlying depreciation and amortization | FY2023 | $690.00M | Reaffirmed |
| Aug 1, 2023 | Capital Expenditures | FY2023 | $700.00M | Reaffirmed |
| Aug 1, 2023 | Underlying free cash flow | FY2023 | $1.20B | Raised |
| Aug 1, 2023 | Underlying effective tax rate | FY2023 | 21% – 23% | Reaffirmed |
| Aug 1, 2023 | Underlying income (loss) before income taxes | FY2023 | +23% – +26% | New |
| Aug 1, 2023 | Consolidated net interest expense | FY2023 | $225.00M | Lowered |
| Aug 1, 2023 | Underlying depreciation and amortization | FY2023 | $690.00M | Reaffirmed |
| May 2, 2023 | Capital Expenditures | FY2023 | $700.00M | Reaffirmed |
| May 2, 2023 | Underlying free cash flow | FY2023 | $1.00B | Reaffirmed |
| May 2, 2023 | Underlying effective tax rate | FY2023 | 21% – 23% | Reaffirmed |
| May 2, 2023 | Consolidated net interest expense | FY2023 | $240.00M | Reaffirmed |
| May 2, 2023 | Underlying depreciation and amortization | FY2023 | $690.00M | Reaffirmed |
| Feb 21, 2023 | Capital Expenditures | FY2023 | $700.00M | New |
| Feb 21, 2023 | Underlying free cash flow | FY2023 | $1.00B | New |
| Feb 21, 2023 | Underlying effective tax rate | FY2023 | 21% – 23% | New |
| Feb 21, 2023 | Consolidated net interest expense | FY2023 | $240.00M | New |
| Feb 21, 2023 | Underlying depreciation and amortization | FY2023 | $690.00M | New |
| Nov 1, 2022 | Underlying free cash flow | FY2022 | $1.00B | Reaffirmed |
| Nov 1, 2022 | Underlying effective tax rate | FY2022 | 21% – 22% | Lowered |
| Nov 1, 2022 | Consolidated net interest expense | FY2022 | $265.00M | Reaffirmed |
| Nov 1, 2022 | Underlying depreciation and amortization | FY2022 | $700.00M | Lowered |
| Aug 2, 2022 | Underlying free cash flow | FY2022 | $1.00B | Reaffirmed |
| Aug 2, 2022 | Underlying effective tax rate | FY2022 | 22% – 24% | Reaffirmed |
| Aug 2, 2022 | Consolidated net interest expense | FY2022 | $265.00M | Reaffirmed |
| Aug 2, 2022 | Underlying depreciation and amortization | FY2022 | $750.00M | Reaffirmed |
| May 3, 2022 | Underlying free cash flow | FY2022 | $1.00B | Reaffirmed |
| May 3, 2022 | Underlying effective tax rate | FY2022 | 22% – 24% | Reaffirmed |
| May 3, 2022 | Consolidated net interest expense | FY2022 | $265.00M | Reaffirmed |
| May 3, 2022 | Underlying depreciation and amortization | FY2022 | $750.00M | Reaffirmed |
| Feb 23, 2022 | Underlying free cash flow | FY2022 | $1.00B | New |
| Feb 23, 2022 | Consolidated net interest expense | FY2022 | $265.00M | New |
| Feb 23, 2022 | Underlying depreciation and amortization | FY2022 | $750.00M | New |
| Feb 23, 2022 | Underlying effective tax rate | FY2022 | 22% – 24% | New |
| Oct 28, 2021 | underlying effective tax rate | FY2021 | 13% – 15% | New |
| Oct 28, 2021 | Consolidated net interest expense | FY2021 | $270.00M | New |
| Oct 28, 2021 | Underlying depreciation and amortization | FY2021 | $800.00M | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Molson Coors Beverage filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- News
- News
- Results
- Results
- Results
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- Update
- Update
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- Update
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