ABEVNYSEBeveragesFiscal year ends December 31

AMBEV S.A.

Financials through fiscal 2025, year ended Dec 31, 2025

$3.25−0.04 (-1.22%)

Close on Oct 19, 2026

AMBEV S.A. income statement

AnnualQuarterlyTTM

Millions of BRL, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31
Revenue	88,243	89,453	79,737	79,709	72,854	58,379	52,005	50,231	47,899	45,603	46,720
Cost of Revenue	42,864	43,615	39,292	40,422	35,660	27,066	21,678	19,249	18,028	16,678	16,061
Gross Profit	45,378	45,838	40,445	39,287	37,195	31,313	30,327	30,982	29,871	28,925	30,659
Selling & Marketing	8,348	8,634	7,413	7,337	7,036	6,375	5,696	5,721	5,614	5,925	5,345
Operating Expenses	–	–	218	–	–	–	–	–	–	–	–
Operating Income	23,318	21,802	18,831	17,688	17,080	15,972	16,075	17,151	16,552	17,105	18,779
Interest Expense	4,411	4,028	4,919	7,141	5,428	5,431	4,748	4,684	4,415	4,598	3,562
Interest & Investment Income	2,217	2,424	2,086	2,866	2,222	2,996	1,639	654	701	896	1,294
Pretax Income	19,422	19,487	15,036	14,236	13,759	13,494	12,943	13,122	12,835	13,398	16,513
Income Tax Expense	–	–	-76	656	-637	1,763	755	1,774	5,048	315	3,634
Net Income incl. Noncontrolling Interests	15,988	14,847	14,960	14,891	13,123	11,732	12,188	11,348	7,788	13,083	12,879
Minority Interest in Earnings	485	410	459	433	452	353	408	353	519	537	455
Net Income	15,503	14,437	14,502	14,458	12,671	11,379	11,780	10,995	7,269	12,547	12,424
Net Income to Common	–	–	–	14,458	12,671	11,379	11,780	10,995	7,269	12,547	12,424
EPS (Basic)(per share)	0.99	0.92	0.92	0.92	0.81	0.72	0.75	0.70	0.46	0.80	0.79
EPS (Diluted)(per share)	0.99	0.91	0.92	0.91	0.80	0.72	0.74	0.69	0.46	0.79	0.79
Shares Outstanding (Basic, Weighted)(shares)	15,618	15,735	15,745	15,742	15,737	15,733	15,728	15,718	15,706	15,697	15,696
Shares Outstanding (Diluted, Weighted)(shares)	15,684	15,815	15,839	15,849	15,858	15,868	15,869	15,856	15,838	15,823	15,820

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 51.4%
Operating margin: 26.4%
Net margin: 17.6%
Return on equity, FY2025: 16.6%

Financial strength

Current ratio: 0.96
Debt to equity: 0.04
Debt to assets: 2.3%
Cash to current liabilities: 40.9%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.