Ambev S.A. (ABEV) Earnings History
Steady Earner26 years of earnings data (2000–2025) · Positive but moderate multi-year EPS trajectory
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Ambev S.A. (ABEV) Earnings Overview
As of November 8, 2026, Ambev S.A. (ABEV) reported trailing twelve-month net income of $15.75B, reflecting +8.8% year-over-year growth. The company earned $1.02 per diluted share over the past four quarters, with a net profit margin of 17.6%.
Looking at the long-term picture, ABEV's 5-year EPS compound annual growth rate (CAGR) stands at +6.6%, showing solid earnings momentum. The company achieved its highest annual net income of $15.50B in fiscal 2025, representing a new all-time high.
Ambev S.A. maintains industry-leading profitability with a gross margin of 51.4%, operating margin of 25.3%, and net margin of 17.6%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including BUD ($15.96B net income, 11.5% margin), TAP (-$2.31B net income, -19.2% margin), SAM (-$73M net income, 5.2% margin), ABEV has outperformed on profitability metrics. Compare ABEV vs BUD →
ABEV Earnings vs Peers
Earnings metrics vs comparable public companies
ABEV Historical Earnings Data (2000–2025)
26 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $15.50B | +7.4% | $22.32B | $0.99 | 17.6% | 25.3% |
| 2024 | $14.44B | -0.4% | $21.80B | $0.91 | 16.1% | 24.4% |
| 2023 | $14.50B | +0.3% | $18.83B | $0.92 | 18.2% | 23.6% |
| 2022 | $14.46B | +14.1% | $17.69B | $0.91 | 18.1% | 22.2% |
| 2021 | $12.67B | +11.4% | $17.08B | $0.80 | 17.4% | 23.4% |
| 2020 | $11.38B | -3.4% | $15.97B | $0.72 | 19.5% | 27.4% |
| 2019 | $11.78B | +7.1% | $16.07B | $0.74 | 22.7% | 30.9% |
| 2018 | $10.99B | +51.3% | $17.15B | $0.70 | 21.9% | 34.1% |
| 2017 | $7.27B | -42.1% | $16.55B | $0.47 | 15.2% | 34.6% |
| 2016 | $12.55B | +1.0% | $17.11B | $0.79 | 27.5% | 37.5% |
| 2015 | $12.42B | +3.0% | $18.78B | $0.78 | 26.6% | 40.2% |
| 2014 | $12.07B | +26.2% | $15.83B | $0.76 | 31.7% | 41.6% |
| 2013 | $9.56B | +50.6% | $15.43B | $0.74 | 27.2% | 44.0% |
| 2012 | $6.35B | +23.3% | $13.69B | $0.64 | 19.5% | 42.2% |
| 2011 | $5.15B | -31.9% | $11.44B | $0.53 | 19.0% | 42.2% |
| 2010 | $7.56B | +26.3% | $10.02B | $0.47 | 30.0% | 39.7% |
| 2009 | $5.99B | +16.9% | $9.18B | $0.37 | 25.8% | 39.6% |
| 2008 | $5.12B | +2.3% | $7.83B | $0.33 | 24.7% | 37.8% |
| 2007 | $5.00B | +78.3% | $7.74B | $0.28 | 25.6% | 39.5% |
| 2006 | $2.81B | +81.6% | $4.34B | $0.26 | 15.9% | 24.6% |
| 2005 | $1.55B | +33.0% | $2.99B | $0.18 | 9.7% | 18.7% |
| 2004 | $1.16B | -17.7% | $2.16B | $0.02 | 9.7% | 18.0% |
| 2003 | $1.41B | -6.5% | $1.96B | $0.02 | 16.3% | 22.6% |
| 2002 | $1.51B | +92.5% | $1.38B | $0.13 | 20.6% | 18.8% |
| 2001 | $785M | +66.9% | $2.00B | $0.07 | 12.0% | 30.6% |
| 2000 | $470M | - | $327M | $0.04 | 9.0% | 6.2% |
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ABEV — Frequently Asked Questions
Quick answers to the most common questions about buying ABEV stock.
What is ABEV earnings per share (EPS)?
ABEV trailing twelve-month (TTM) diluted EPS is $1.02, reflecting +8.8% year-over-year growth. The 5-year EPS CAGR is +6.6%. Complete EPS history from 2000 to 2025 is available in the table on this page.
What is Ambev S.A.'s net income?
Ambev S.A. (ABEV) trailing twelve-month net income is $15.7B as of 2025. Earnings grew +8.8% year-over-year. Ambev S.A. has been profitable for 26 consecutive years.
Is ABEV profitable?
Yes, ABEV is profitable with a TTM net income of $15.7B and a net profit margin of +17.6%. Ambev S.A. has generated profits for 26 consecutive years.
What is ABEV's earnings growth rate?
ABEV compound annual EPS growth rates (CAGR): 1-Year: +8.8%, 3-Year: +2.8%, 5-Year: +6.6%, 10-Year: +2.4%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2000 to 2025.
What are ABEV's profit margins?
Ambev S.A. net profit margin is +17.6%, operating margin is +25.3%, and gross margin is +51.4%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +16.5%.
Is ABEV growing earnings?
ABEV is growing earnings steadily. YoY EPS growth of +8.8% is consistent with the 5-year CAGR of +6.6%. TTM net income is $15.7B.
What was ABEV's best earnings year?
Ambev S.A.'s highest annual net income on record is $15.5B, achieved in fiscal year 2025. Earnings history on this page spans 2000 to 2025 and includes all annual and quarterly figures.
What were ABEV's earnings last quarter?
ABEV's most recent reported quarter was Q3 2026. Net income was $4.2B with diluted EPS of $0.27. For a full breakdown of all quarters, see the quarterly earnings table on this page.