Molson Coors Beverage Company stock research
FY2025 Q2
Molson Coors Beverage (TAP) Gross Margin — Quarter Ended Jun 30, 2025
Revenue and gross profit both increased compared to the prior quarter, while cost of revenue also rose. Gross margin improved from the prior quarter but weakened slightly from the same quarter one year earlier.
Gross margin takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue and gross profit both increased compared to the prior quarter, while cost of revenue also rose. Gross margin improved from the prior quarter but weakened slightly from the same quarter one year earlier.
- The strongest observable margin driver is the relationship between revenue and cost of revenue: revenue grew faster than cost of revenue compared to the prior quarter, leading to gross margin improvement.
- Compared to the immediately preceding quarter, gross margin is higher. Compared to the same quarter one year earlier, gross margin is slightly lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
34.3%
Gross profit
$1.3B
Revenue
$3.7B
Cost of revenue
$1.9B
Quarter-over-quarter change
+2.6 pts
Year-over-year change
-0.4 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Sep 30, 2024 | $3.6B | $1.2B | $1.8B | 33.4% |
| Dec 31, 2024 | $3.2B | $1.0B | $1.7B | 32.0% |
| Mar 31, 2025 | $2.7B | $850.9M | $1.5B | 31.6% |
| Jun 30, 2025 | $3.7B | $1.3B | $1.9B | 34.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2025
+2.6 pts
Year-over-year change
Jun 30, 2024
-0.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the relationship between revenue and cost of revenue: revenue grew faster than cost of revenue compared to the prior quarter, leading to gross margin improvement.
Compared to the immediately preceding quarter, gross margin is higher. Compared to the same quarter one year earlier, gross margin is slightly lower.
Monitor whether the cost of revenue continues to increase at a pace similar to or faster than revenue in upcoming quarters.