Molson Coors Beverage Company (TAP) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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TAP Revenue Growth
Revenue Breakdown
TAP's revenue distribution by segment and geography
By Geography
TAP Revenue Analysis (2014–2025)
As of May 8, 2026, Molson Coors Beverage Company (TAP) generated trailing twelve-month (TTM) revenue of $11.19 billion, reflecting modest growth of +2.0% year-over-year. The most recent quarter (Q1 2026) recorded $2.35 billion in revenue, down 11.7% sequentially.
Looking at the longer-term picture, TAP's 5-year compound annual growth rate (CAGR) stands at +2.9%, indicating moderate growth over time. The company achieved its highest annual revenue of $11.70 billion in 2023.
When compared to Consumer Defensive sector peers including BUD (+3.7% YoY), SAM (+2.7% YoY), and STZ (-7.9% YoY), TAP has underperformed the peer group in terms of revenue growth. Compare TAP vs BUD →
TAP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TAPCurrent | $11.2B | +2.0% | +2.9% | -21.0% | |
 BUD | $59.8B | +3.7% | +2.7% | 25.9% | |
 SAM | $2.1B | +2.7% | +3.7% | 6.9% | |
 STZ | $10.2B | -7.9% | +4.1% | 35.5% | |
 BG | $70.3B | +56.9% | +11.2% | 1.5% | |
 ADM | $80.3B | -3.9% | +4.5% | 1.8% |
TAP Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $11.14B | -4.2% | $4.19B | 37.6% | $-2,340,900,000 | -21.0% |
| 2024 | $11.63B | -0.6% | $4.53B | 39.0% | $1.75B | 15.1% |
| 2023 | $11.70B | +9.4% | $4.37B | 37.3% | $1.44B | 12.3% |
| 2022 | $10.70B | +4.1% | $3.66B | 34.2% | $157.5M | 1.5% |
| 2021 | $10.28B | +6.5% | $4.05B | 39.4% | $1.45B | 14.1% |
| 2020 | $9.65B | -8.7% | $3.77B | 39.0% | $-408,900,000 | -4.2% |
| 2019 | $10.58B | -1.8% | $4.20B | 39.7% | $764.4M | 7.2% |
| 2018 | $10.77B | -2.1% | $4.18B | 38.9% | $1.63B | 15.2% |
| 2017 | $11.00B | +125.2% | $4.77B | 43.3% | $1.68B | 15.2% |
| 2016 | $4.88B | +36.9% | $1.89B | 38.6% | $3.32B | 68.0% |
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Start ComparisonTAP — Frequently Asked Questions
Quick answers to the most common questions about buying TAP stock.
Is TAP's revenue growth accelerating or slowing?
TAP revenue growth slowed to +2.0%, below the 5-year CAGR of +2.9%. TTM revenue is $11.2B. The deceleration marks a shift from historical growth rates.
What is TAP's long-term revenue growth rate?
Molson Coors Beverage Company's 5-year revenue CAGR of +2.9% reflects the variable expansion pattern. Current YoY growth of +2.0% is near this long-term average.
How is TAP's revenue distributed by segment?
TAP reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.