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%
Molson Coors Beverage operating margin
Operating margin is operating income as a percentage of revenue.
Molson Coors Beverage's operating margin for the twelve months ending Jun 30, 2026 was -19.5%. For fiscal 2025 it was -17.9%, against 12.8% the year before. The highest annual figure on record is 50.4% in fiscal 2016.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | -17.9% | −30.7 |
| FY2024 | Dec 31, 2024 | 12.8% | +2.4 |
| FY2023 | Dec 31, 2023 | 10.4% | +9.1 |
| FY2022 | Dec 31, 2022 | 1.2% | −10.5 |
| FY2021 | Dec 31, 2021 | 11.7% | +15.2 |
| FY2020 | Dec 31, 2020 | -3.5% | −9.4 |
| FY2019 | Dec 31, 2019 | 5.9% | −6.4 |
| FY2018 | Dec 31, 2018 | 12.2% | −0.2 |
| FY2017 | Dec 31, 2017 | 12.5% | −37.9 |
| FY2016 | Dec 31, 2016 | 50.4% | +34.5 |
| FY2015 | Dec 31, 2015 | 15.9% | +3.6 |
| FY2014 | Dec 31, 2014 | 12.3% | −1.2 |
| FY2013 | Dec 31, 2013 | 13.4% | −2.0 |
| FY2012 | Dec 29, 2012 | 15.4% | −1.8 |
| FY2011 | Dec 31, 2011 | 17.3% | −1.1 |
| FY2010 | Dec 25, 2010 | 18.4% | −6.5 |
| FY2009 | Dec 26, 2009 | 24.9% | +11.8 |
| FY2008 | Dec 28, 2008 | 13.0% | +2.7 |
| FY2007 | Dec 30, 2007 | 10.4% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q2 FY2026 | Jun 30, 2026 | 9.2% | −6.4 |
| Q1 FY2026 | Mar 31, 2026 | 9.5% | +2.6 |
| Q4 FY2025 | Dec 31, 2025 | 10.4% | −1.6 |
| Q3 FY2025 | Sep 30, 2025 | -98.5% | −111.0 |
| Q2 FY2025 | Jun 30, 2025 | 15.6% | −0.0 |
| Q1 FY2025 | Mar 31, 2025 | 6.9% | −3.4 |
| Q4 FY2024 | Dec 31, 2024 | 12.0% | +6.0 |
| Q3 FY2024 | Sep 30, 2024 | 12.5% | −2.6 |
| Q2 FY2024 | Jun 30, 2024 | 15.6% | +3.0 |
| Q1 FY2024 | Mar 31, 2024 | 10.3% | +4.6 |
| Q4 FY2023 | Dec 31, 2023 | 6.0% | +22.2 |
| Q3 FY2023 | Sep 30, 2023 | 15.2% | +5.8 |
| Q2 FY2023 | Jun 30, 2023 | 12.6% | +9.3 |
| Q1 FY2023 | Mar 31, 2023 | 5.7% | −2.8 |
| Q4 FY2022 | Dec 31, 2022 | -16.3% | −21.4 |
| Q3 FY2022 | Sep 30, 2022 | 9.4% | −6.1 |
| Q2 FY2022 | Jun 30, 2022 | 3.3% | −13.0 |
| Q1 FY2022 | Mar 31, 2022 | 8.5% | +0.6 |
| Q4 FY2021 | Dec 31, 2021 | 5.2% | +51.3 |
| Q3 FY2021 | Sep 30, 2021 | 15.5% | +0.4 |
| Q2 FY2021 | Jun 30, 2021 | 16.3% | +1.2 |
| Q1 FY2021 | Mar 31, 2021 | 7.9% | +11.5 |
| Q4 FY2020 | Dec 31, 2020 | -46.2% | −56.2 |
| Q3 FY2020 | Sep 30, 2020 | 15.0% | +21.8 |
| Q2 FY2020 | Jun 30, 2020 | 15.1% | +2.2 |
| Q1 FY2020 | Mar 31, 2020 | -3.6% | −11.6 |
| Q4 FY2019 | Dec 31, 2019 | 10.1% | +5.4 |
| Q3 FY2019 | Sep 30, 2019 | -6.8% | −19.7 |
| Q2 FY2019 | Jun 30, 2019 | 12.9% | −2.5 |
| Q1 FY2019 | Mar 31, 2019 | 7.9% | −7.0 |
| Q4 FY2018 | Dec 31, 2018 | 4.7% | −3.7 |
| Q3 FY2018 | Sep 30, 2018 | 13.0% | −1.3 |
| Q2 FY2018 | Jun 30, 2018 | 15.5% | +1.3 |
| Q1 FY2018 | Mar 31, 2018 | 15.0% | +2.5 |
| Q4 FY2017 | Dec 31, 2017 | 8.4% | −78.5 |
| Q3 FY2017 | Sep 30, 2017 | 14.2% | −7.4 |
| Q2 FY2017 | Jun 30, 2017 | 14.2% | – |
| Q1 FY2017 | Mar 31, 2017 | 12.5% | – |
| Q4 FY2016 | Dec 31, 2016 | 86.9% | – |
| Q3 FY2016 | Sep 30, 2016 | 21.6% | – |