ABEV

Ambev SA
D

ABEV

Arincen70/100B

Ambev SA income statement 1997–2026

89.02B BRL over the last twelve months, and 88.24B BRL in fiscal year 2025.

Revenue Operating income Net income

Click a line's chart icon in the table to add it to the chart; hover over it for a quick look.

Fiscal year
TTM
30 Sept 2026
FY2025
31 Dec 2025
FY2024
31 Dec 2024
FY2023
31 Dec 2023
FY2022
31 Dec 2022
FY2021
31 Dec 2021
FY2020
31 Dec 2020
FY2019
31 Dec 2019
FY2018
31 Dec 2018
FY2017
31 Dec 2017
FY2016
31 Dec 2016
Revenue
89.02B88.24B89.45B79.74B79.71B72.85B58.38B52.01B50.23B47.90B45.60B
Revenue growth
-1.61%-1.35%+12.18%+0.04%+9.41%+24.80%+12.26%+3.53%+4.87%+5.04%-2.39%
Cost of revenue
42.92B42.86B43.62B39.29B40.42B35.66B27.07B21.68B19.25B18.03B16.68B
Gross profit
46.09B45.38B45.84B40.45B39.29B37.19B31.31B30.33B30.98B29.87B28.92B
Gross margin
51.78%51.42%51.24%50.72%49.29%51.05%53.64%58.32%61.68%62.36%63.43%
Selling, general and administrative
25.40B25.14B26.39B23.44B23.97B21.85B17.57B15.33B14.69B14.43B14.18B
Operating expenses
22.57B22.06B24.04B21.61B21.60B20.11B15.34B14.25B13.83B13.32B11.82B
23.52B23.32B21.80B18.83B17.69B17.08B15.97B16.07B17.15B16.55B17.11B
Operating income growth
-1.73%+6.95%+15.78%+6.46%+3.56%+6.94%-0.64%-6.27%+3.62%-3.23%-8.91%
Operating margin
26.43%26.42%24.37%23.62%22.19%23.44%27.36%30.91%34.14%34.56%37.51%
Interest income
—1.40B1.62B417.55M419.72M1.14B435.33M270.73M454.00M774.40M513.60M
Interest expense
2.66B2.72B2.40B578.43M596.10M1.43B414.78M462.06M1.28B4.27B1.54B
Other non-operating income
-3.07B-2.90B-2.31B-3.80B-3.45B-3.32B-2.48B-3.13B-4.03B-3.72B-3.71B
Pretax income
20.45B19.42B19.49B15.04B14.24B13.76B13.49B12.94B13.12B12.84B13.40B
Income tax
4.19B3.43B4.64B75.50M-655.60M636.60M1.76B754.70M1.77B5.05B315.00M
Effective tax rate
20.51%17.68%23.81%0.50%-4.61%4.63%13.06%5.83%13.52%39.33%2.35%
15.75B15.50B14.44B14.50B14.46B12.67B11.38B11.78B11.00B7.27B12.55B
Net income growth
-1.81%+7.39%-0.45%+0.30%+14.10%+11.35%-3.40%+7.14%+51.26%-42.06%+0.99%
Net margin
17.69%17.57%16.14%18.19%18.14%17.39%19.49%22.65%21.89%15.18%27.51%
Basic shares
15.54B15.62B15.81B15.84B15.74B15.74B15.73B15.73B15.72B15.71B15.70B
Diluted shares
15.60B15.68B15.81B15.84B15.85B15.86B15.87B15.87B15.86B15.71B15.82B
Change in diluted shares
-0.90%-0.83%-0.15%-0.06%-0.06%-0.06%-0.01%+0.08%+0.93%-0.71%-0.66%
EPS (basic)
1.020.990.920.920.920.810.720.750.700.470.80
EPS (diluted)
1.010.990.910.920.910.800.720.740.700.470.79
EPS growth
0.00%+8.79%-1.09%+1.10%+13.75%+11.11%-2.70%+5.71%+48.94%-40.51%+1.28%
Dividends per share
0.120.170.110.150.140.110.080.100.130.150.19
Dividend growth
-32.25%+54.80%-28.18%+4.63%+33.96%+36.40%-23.12%-23.88%-10.80%-18.30%-18.58%
EBITDA
29.76B28.97B29.01B24.27B23.08B20.99B20.77B19.44B19.30B18.98B19.18B
EBITDA margin
33.43%32.84%32.43%30.44%28.96%28.82%35.59%37.39%38.43%39.63%42.06%
EBIT
23.11B22.14B21.89B17.85B17.13B15.60B15.61B14.77B14.85B14.94B15.67B

Figures in BRL. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.

Figures underlined with dots are from the company's SEC filings, where our data provider's differ.

Common questions about Ambev SA's income statement

Source: Financial Modeling Prep