Molson Coors Beverage Co (TAP)
Molson Coors Beverage Co reported revenue of $13B in fiscal 2025, down 5.1% from a year earlier. It posted a net loss of $2.1B. Operating cash flow minus capital spending left $1.1B of free cash flow in fiscal 2025. At September 30, 2026 it held $602.2M in cash against $5.7B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about Molson Coors Beverage Co
- Net worth
- Molson Coors Beverage Co has a market value (market cap) of $7.4B at the latest share price, and shareholders' equity of $10.2B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $13B (-5.1% year on year), with a net loss of $2.1B.
- Cash flow
- In fiscal 2025 operations brought in $1.8B of cash; after $716.6M of capital spending, free cash flow was $1.1B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Molson Coors Beverage Co's next report is expected around February 17, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Molson Coors Beverage Co declared dividends of $1.88 per share in fiscal 2025, a yield of 4.72% at the current price.
What Molson Coors Beverage Co does
Molson Coors Beverage Co is registered with the SEC under industry code SIC 2082 (Malt Beverages). Its shares trade on NYSE under the ticker TAP.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $13B | -$2.1B | -$10.75 | $1.1B |
| 2024 | $13.7B | $1.1B | $5.35 | $1.2B |
| 2023 | $13.9B | $948.9M | $4.37 | $1.4B |
| 2022 | $12.8B | -$175.3M | -$0.81 | $840.6M |
| 2021 | $12.4B | $1B | n/a | $1.1B |
| 2020 | $11.7B | -$949M | n/a | $1.1B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where TAP ranks in Consumer staples
Dividends
Molson Coors Beverage Co declared $1.88 per share in fiscal 2025. At the current price that is a yield of 4.72%. It paid out $376.3M in cash dividends.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.88 | $376.3M | n/a |
| 2024 | $1.76 | $369.2M | 33% |
| 2023 | $1.64 | $354.7M | 37% |
| 2022 | $1.52 | $329.3M | n/a |
| 2021 | $0.68 | $147.8M | 15% |
| 2020 | $0.57 | $125.3M | n/a |
Latest SEC filings
What Molson Coors Beverage Co has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue fell 2.3% to $3.4B versus the same quarter last year; diluted EPS $1.45 versus -$14.79.
- November 5, 2026
- October 30, 2026Passive stake changed SCHEDULE 13G/A
- October 30, 2026Passive stake changed SCHEDULE 13G/A
- October 5, 2026Passive stake changed SCHEDULE 13G/A
- August 13, 2026Passive stake (5% or more) SCHEDULE 13G
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026Revenue fell 3.6% to $3.6B versus the same quarter last year; diluted EPS $1.23 versus $2.13.
- August 6, 2026
- July 14, 2026Passive stake (5% or more) SCHEDULE 13G
- June 24, 2026
What is TAP worth? A DCF from its reported cash flow
Insider trades
What the people running Molson Coors Beverage Co did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 2 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 30, 2026 | Cocks Christian PDirector | Received as pay | 789 | - |
| September 30, 2026 | Herington Charles MDirector | Received as pay | 395 | - |
| June 30, 2026 | Herington Charles MDirector | Received as pay | 369 | - |
| June 30, 2026 | Cocks Christian PDirector | Received as pay | 738 | - |
| May 21, 2026 | Molson Geoffrey E.Director | Sold | 1,245 | $52.9K |
| May 18, 2026 | Eaton Roger G.Director | Shares withheld for tax | 610 | $25.4K |
| May 18, 2026 | Molson Geoffrey E.Director | Shares withheld for tax | 1,422 | $59.3K |
| May 18, 2026 | Molson Andrew ThomasDirector | Shares withheld for tax | 1,422 | $59.3K |
Who owns TAP
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Dodge & Cox13G, passive | 10% | October 6, 2025 |
| Vanguard Capital Management13G, passive | 6.87% | April 30, 2026 |
| AQR Capital Management, LLC13G, passive with 1 related filers | 6.34% | August 13, 2026 |
| Vanguard Portfolio Management13G, passive | 5.2% | April 29, 2026 |
| Dimensional Fund Advisors LP13G, passive | 5% | July 14, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 617 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Dodge & Cox | 19,065,434 | +542,385 |
| BlackRock, Inc. | 12,150,389 | +452,448 |
| Aqr Capital Management LLC | 11,108,304 | +6,412,705 |
| Vanguard Portfolio Management LLC | 10,619,176 | +1,577,328 |
| Vanguard Capital Management LLC | 10,365,239 | -262,127 |
| Dimensional Fund Advisors LP | 8,828,265 | +465,108 |
| State Street Corp | 8,373,108 | -376,931 |
| Invesco Ltd. | 6,316,964 | +1,111,905 |
| Geode Capital Management, LLC | 4,456,972 | -134,975 |
| Goldman Sachs Group Inc | 3,928,227 | +1,404,268 |
| Morgan Stanley | 3,484,732 | +484,292 |
| Bank of New York Mellon Corp | 3,383,215 | +56,788 |
| UBS Group AG | 3,029,427 | +1,697,348 |
| Norges Bank | 2,857,828 | new |
| Royal London Asset Management Ltd | 2,780,900 | +440,896 |
| Deutsche Bank AG\ | 2,660,980 | +121,123 |
| Schroder Investment Management Group | 2,447,547 | +95,288 |
| Jpmorgan Chase & Co | 2,249,578 | +1,592,182 |
| Brandes Investment Partners, LP | 2,212,781 | +573,569 |
| Arrowstreet Capital, Limited Partnership | 2,003,517 | +9,194 |
Insiders
19 insiders reported holding 794,924 shares in total, about $31.7M at the last price.
| Holder | Shares |
|---|---|
| Joubert TraceyChief Financial Officer | 179,868 |
| Goyal RahulPresident & CEO, Director | 105,365 |
| Herington Charles MDirector | 66,325 |
| Eaton Roger G.Director | 55,277 |
| Riley H SanfordDirector | 48,697 |
| Coors David S.Director | 48,048 |
| Maciolek Natalie G.Chief Legal Officer | 42,676 |
| FergusonMchugh MaryLynnDirector | 32,712 |
| Coors Peter JosephDirector | 32,359 |
| Molson Andrew ThomasDirector | 27,208 |
Questions about TAP
What does Molson Coors Beverage Co do?
Molson Coors Beverage Co is a company in the Consumer staples sector, listed on NYSE as TAP. Its shares trade on NYSE under the ticker TAP.
What is Molson Coors Beverage Co's net worth?
Molson Coors Beverage Co has a market value (market cap) of $7.4B at the latest share price, and shareholders' equity of $10.2B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Molson Coors Beverage Co profitable?
No. In fiscal 2025 it reported a net loss of $2.1B on revenue of $13B.
How much revenue does Molson Coors Beverage Co make?
In fiscal 2025 Molson Coors Beverage Co reported revenue of $13B. That is 5.1% less than a year earlier.
When did Molson Coors Beverage Co last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026.
When is Molson Coors Beverage Co's next earnings report?
Molson Coors Beverage Co's next report is expected around February 17, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Molson Coors Beverage Co pay a dividend?
Yes. Molson Coors Beverage Co declared dividends of $1.88 per share in fiscal 2025, a yield of 4.72% at the current price.
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Where the numbers come from
Financial figures are the values Molson Coors Beverage Co tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.