Constellation BrandsSTZEarnings & Financial Report
Constellation Brands, Inc. is an American producer and marketer of beer, wine, and spirits. A Fortune 500 company, Constellation is the largest beer import company in the US, measured by sales, and has the third-largest market share of all major beer suppliers. It also has sizable investments in medical and recreational cannabis through its association with Canopy Growth. Based in Rochester, New York, Constellation has about 40 facilities and approximately 9,000 employees.
STZ Q3 FY2026 Key Financial Metrics
Revenue
$2.2B
Gross Profit
$1.2B
Operating Profit
$692.0M
Net Profit
$502.8M
Gross Margin
53.2%
Operating Margin
31.1%
Net Margin
22.6%
YoY Growth
-9.8%
Constellation Brands Q3 FY2026 Financial Summary
Constellation Brands reported revenue of $2.2B (down 9.8% YoY) for Q3 FY2026, with a net profit of $502.8M (down 18.4% YoY) (22.6% margin). Cost of goods sold was $1.0B, operating expenses totaled $491.2M.
Key Financial Metrics
| Total Revenue | $2.2B |
|---|---|
| Net Profit | $502.8M |
| Gross Margin | 53.2% |
| Operating Margin | 31.1% |
| Report Period | Q3 FY2026 |
Revenue Breakdown
Constellation Brands Q3 FY2026 revenue of $2.2B breaks down across 2 segments, led by Beer at $2.0B (90.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Beer | $2.0B | 90.4% |
| Constellation Wines And Spirits | $213.1M | 9.6% |
Constellation Brands Revenue by Segment — Quarterly Trend
Constellation Brands revenue by segment across the last 4 reported quarters, showing how each business line (such as Beer and Constellation Wines And Spirits) has evolved quarter over quarter.
| Segment | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Beer | $2.0B | $2.3B | $2.2B | $1.7B |
| Constellation Wines And Spirits | $213.1M | $136.0M | $280.5M | $459.8M |
Constellation Brands Annual Revenue by Year
Constellation Brands annual revenue history includes year-by-year totals (for example, 2025 revenue was $10.2B).
Constellation Brands Quarterly Revenue & Net Profit History
Constellation Brands results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $2.2B | -9.8% | $502.8M | 22.6% |
| Q2 FY2026 | $2.5B | -15.0% | $466.0M | 18.8% |
| Q1 FY2026 | $2.5B | -5.5% | $516.1M | 20.5% |
| Q4 FY2025 | $2.2B | +1.2% | $-375.3M | -17.3% |
| Q3 FY2025 | $2.5B | -0.3% | $615.9M | 25.0% |
| Q2 FY2025 | $2.9B | +2.9% | $-1.2B | -41.1% |
| Q1 FY2025 | $2.7B | +5.8% | $877.0M | 32.9% |
| Q4 FY2024 | $2.1B | +7.1% | $392.4M | 18.3% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.14B | $2.66B | $2.92B | $2.46B | $2.16B | $2.52B | $2.48B | $2.22B |
| YoY Growth | 7.1% | 5.8% | 2.9% | -0.3% | 1.2% | -5.5% | -15.0% | -9.8% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $25.69B | $26.06B | $23.08B | $22.81B | $21.65B | $22.26B | $21.42B | $21.68B |
| Liabilities | $15.63B | $15.49B | $14.92B | $14.73B | $14.52B | $14.73B | $13.63B | $13.68B |
| Equity | $9.74B | $10.25B | $7.87B | $7.82B | $6.88B | $7.27B | $7.50B | $7.71B |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $433.2M | $690.5M | $1.18B | $685.2M | $594.7M | $637.2M | $852.1M | $616.9M |