Ambev S.A. (ABEV) quarterly income statement — complete revenue, gross profit & net income history
Ambev S.A. (ABEV) annual income statement — 26-year revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 21.59B | 20.15B | 22.46B | 24.81B | 20.85B | 20.09B | 22.5B | 27.04B | 22.1B | 20.04B | 20.28B | 19.99B | 20.32B | 18.9B | 20.53B | 22.69B | 20.59B | 17.99B | 18.44B | 22.01B |
| Revenue Growth % | 3.58% | 0.29% | -0.15% | -8.24% | -5.65% | 0.23% | 10.95% | 35.25% | 8.76% | 6.06% | -1.24% | -11.91% | -1.31% | 5.05% | 11.35% | 3.1% | 11.33% | 14.5% | 10.81% | 18.61% |
| Cost of Goods Sold | 10.59B | 9.7B | 10.88B | 11.75B | 10.12B | 10.05B | 10.95B | 12.52B | 10.97B | 10.06B | 10.06B | 9.3B | 10.22B | 9.64B | 10.13B | 10.99B | 10.65B | 9.37B | 9.41B | 10.5B |
| COGS % of Revenue | 49.03% | 48.14% | 48.44% | 47.37% | 48.54% | 50.01% | 48.65% | 46.32% | 49.66% | 50.19% | 49.61% | 46.53% | 50.32% | 50.99% | 49.35% | 48.41% | 51.72% | 52.11% | 51.06% | 47.69% |
| Gross Profit | 11.01B | 10.45B | 11.58B | 13.06B | 10.73B | 10.04B | 11.55B | 14.51B | 11.12B | 9.98B | 10.22B | 10.69B | 10.09B | 9.26B | 10.4B | 11.71B | 9.94B | 8.61B | 9.02B | 11.51B |
| Gross Margin % | 50.97% | 51.86% | 51.56% | 52.63% | 51.46% | 49.99% | 51.35% | 53.68% | 50.34% | 49.81% | 50.39% | 53.47% | 49.68% | 49.01% | 50.65% | 51.59% | 48.28% | 47.89% | 48.94% | 52.31% |
| Gross Profit Growth % | 2.6% | 4.03% | 0.27% | -10.04% | -3.57% | 0.6% | 13.06% | 35.78% | 10.2% | 7.79% | -1.76% | -8.71% | 1.56% | 7.52% | 15.24% | 1.68% | 7.58% | 11.22% | 3.8% | 11.16% |
| Operating Expenses | 5.5B | 5.69B | 5.71B | 5.66B | 4.42B | 5.64B | 5.84B | 6.99B | 5.81B | 5.9B | 5.33B | 5.09B | 5.2B | 5.81B | 5.51B | 6.28B | 5.88B | 4.58B | 4.86B | 6.35B |
| OpEx % of Revenue | 25.49% | 28.23% | 25.44% | 22.83% | 21.21% | 28.1% | 25.97% | 25.85% | 26.29% | 29.46% | 26.3% | 25.47% | 25.59% | 30.77% | 26.84% | 27.67% | 28.57% | 25.45% | 26.36% | 28.84% |
| Selling, General & Admin | 6.11B | 6.37B | 6.23B | 6.69B | 5.83B | 6.18B | 6.44B | 7.69B | 6.39B | 6.41B | 5.91B | 5.73B | 5.66B | 6.09B | 5.96B | 6.75B | 6.21B | 5.79B | 5.22B | 6.49B |
| SG&A % of Revenue | 28.29% | 31.59% | 27.75% | 26.97% | 27.99% | 30.76% | 28.61% | 28.43% | 28.9% | 31.99% | 29.14% | 28.66% | 27.84% | 32.21% | 29.05% | 29.76% | 30.17% | 32.16% | 28.31% | 29.5% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Operating Income | 5.5B | 4.76B | 5.87B | 7.39B | 6.31B | 4.4B | 5.71B | 7.52B | 5.31B | 4.08B | 4.88B | 5.6B | 4.9B | 3.45B | 4.89B | 5.43B | 4.06B | 4.04B | 4.16B | 5.17B |
| Operating Margin % | 25.48% | 23.63% | 26.12% | 29.8% | 30.25% | 21.9% | 25.38% | 27.83% | 24.05% | 20.35% | 24.09% | 28% | 24.1% | 18.24% | 23.82% | 23.92% | 19.71% | 22.44% | 22.59% | 23.47% |
| Operating Income Growth % | -12.75% | 8.21% | 2.77% | -1.74% | 18.65% | 7.84% | 16.89% | 34.41% | 8.54% | 18.32% | -0.1% | 3.11% | 20.67% | -14.6% | 17.41% | 5.07% | 0.98% | 3.43% | 4.32% | -30.49% |
| EBITDA | 7.19B | 6.29B | 7.47B | 9.21B | 7.9B | 6.1B | 7.42B | 9.57B | 7.04B | 5.8B | 6.52B | 7.11B | 6.57B | 5.15B | 6.42B | 7.06B | 5.58B | 5.51B | 5.5B | 6.63B |
| EBITDA Margin % | 33.3% | 31.22% | 33.26% | 37.12% | 37.92% | 30.37% | 33% | 35.39% | 31.88% | 28.93% | 32.14% | 35.57% | 32.32% | 27.26% | 31.25% | 31.11% | 27.11% | 30.61% | 29.8% | 30.12% |
| EBITDA Growth % | -9.03% | 3.11% | 0.65% | -3.74% | 12.21% | 5.21% | 13.9% | 34.55% | 7.26% | 12.57% | 1.57% | 0.7% | 17.68% | -6.45% | 16.76% | 6.51% | 3.57% | 5.83% | 4.56% | -24.64% |
| D&A (Non-Cash Add-back) | 1.69B | 1.53B | 1.6B | 1.82B | 1.6B | 1.7B | 1.71B | 2.04B | 1.73B | 1.72B | 1.63B | 1.51B | 1.67B | 1.7B | 1.53B | 1.63B | 1.52B | 1.47B | 1.33B | 1.46B |
| EBIT | 5.91B | 4.88B | 5.55B | 6.78B | 5.93B | 3.99B | 5.44B | 7.54B | 5.25B | 4.01B | 5.02B | 5.44B | 4.73B | 3.13B | 4.54B | 5.22B | 3.69B | 4.18B | 4.03B | 4.62B |
| Net Interest Income | -33.54M | 89.7M | -49.08M | -846.76M | -330.01M | -318.42M | 9.92M | -44.74M | -39.91M | -374.35M | -48.44M | -236.56M | 30.07M | 24.64M | 19.26M | -290.05M | 26.05M | 92.27M | 4.26M | -165.73M |
| Interest Income | 627.02M | 629.3M | 566.59M | 0 | 389.72M | 249.48M | 96.48M | 93.2M | 56.31M | 273.1M | 79.55M | 161.17M | 86.23M | 105.32M | 66.34M | 101.35M | 91.67M | 153.59M | 76.01M | 53.8M |
| Interest Expense | 660.56M | 539.6M | 615.67M | 846.76M | 719.72M | 567.9M | 86.56M | 137.94M | 96.22M | 647.04M | 127.99M | 397.72M | 56.17M | 80.68M | 47.07M | 391.4M | 65.62M | 61.32M | 71.75M | 219.53M |
| Other Income/Expense | -252.92M | -421M | -936.77M | -1.46B | -1.09B | -979.44M | -853.66M | -612.53M | -644.68M | -647.67M | -409.6M | -870.7M | -836.46M | -1.08B | -1.01B | -1.1B | -1.25B | -498.67M | -599.12M | -1.06B |
| Pretax Income | 5.25B | 4.34B | 4.93B | 5.93B | 5.21B | 3.42B | 4.86B | 6.91B | 4.67B | 3.43B | 4.48B | 4.73B | 4.06B | 2.37B | 3.88B | 4.33B | 2.8B | 3.54B | 3.57B | 4.1B |
| Pretax Margin % | 24.3% | 21.54% | 21.95% | 23.91% | 25.01% | 17.02% | 21.59% | 25.56% | 21.13% | 17.12% | 22.07% | 23.65% | 19.98% | 12.55% | 18.89% | 19.07% | 13.62% | 19.67% | 19.34% | 18.65% |
| Income Tax | 882.13M | 864.5M | 1.05B | 1.4B | 350.17M | 629.11M | 1.05B | 1.89B | 1.1B | 979.87M | 671.2M | 198.23M | 44.68M | -225.83M | 58.41M | -755.85M | -411.1M | 474.57M | 36.78M | 357.26M |
| Effective Tax Rate % | 16.81% | 19.92% | 21.21% | 23.64% | 6.72% | 18.4% | 21.66% | 27.29% | 23.63% | 28.55% | 15% | 4.19% | 1.1% | -9.52% | 1.51% | -17.47% | -14.66% | 13.41% | 1.03% | 8.7% |
| Net Income | 4.25B | 3.39B | 3.77B | 4.35B | 4.75B | 2.72B | 3.69B | 4.88B | 3.46B | 2.4B | 3.7B | 4.39B | 3.91B | 2.5B | 3.7B | 4.97B | 3.11B | 2.97B | 3.41B | 3.61B |
| Net Margin % | 19.66% | 16.81% | 16.77% | 17.52% | 22.76% | 13.53% | 16.42% | 18.05% | 15.66% | 11.96% | 18.25% | 21.95% | 19.25% | 13.24% | 18.02% | 21.89% | 15.1% | 16.51% | 18.51% | 16.39% |
| Net Income Growth % | -10.53% | 24.62% | 2.01% | -10.94% | 37.13% | 13.41% | -0.17% | 11.23% | -11.54% | -4.26% | 0.02% | -11.66% | 25.84% | -15.72% | 8.4% | 37.69% | -12.5% | 2.91% | 29.99% | -46.84% |
| Net Income (Continuing) | 4.37B | 3.47B | 3.89B | 4.53B | 4.86B | 2.79B | 3.8B | 5.02B | 3.57B | 2.45B | 3.8B | 4.53B | 4.02B | 2.6B | 3.82B | 5.08B | 3.22B | 3.06B | 3.53B | 3.75B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 546.22M | 580M | 697.87M | 860.74M | 700.98M | 739.32M | 947.62M | 938.4M | 743.69M | 772.58M | 782.39M | 1.17B | 1.31B | 1.29B | 1.44B | 1.37B | 1.37B | 1.32B | 1.27B | 1.37B |
| EPS (Diluted) | 0.27 | 0.22 | 0.24 | 0.28 | 0.30 | 0.17 | 0.23 | 0.31 | 0.22 | 0.15 | 0.23 | 0.28 | 0.20 | 0.16 | 0.23 | 0.31 | 0.20 | 0.19 | 0.22 | 0.24 |
| EPS Growth % | -10% | 29.41% | 4.35% | -9.68% | 36.36% | 13.33% | 0% | 10.71% | 10% | -6.25% | 0% | -9.68% | 0% | -15.79% | 4.55% | 29.17% | -9.09% | 5.56% | 29.41% | -44.19% |
| EPS (Basic) | 0.28 | 0.22 | 0.24 | 0.28 | 0.30 | 0.17 | 0.24 | 0.31 | 0.22 | 0.15 | 0.23 | 0.28 | 0.20 | 0.16 | 0.24 | 0.32 | 0.20 | 0.19 | 0.22 | 0.24 |
| Diluted Shares Outstanding | 15.48B | 15.58B | 15.67B | 15.66B | 15.67B | 15.74B | 15.74B | 15.81B | 15.81B | 15.81B | 15.84B | 15.83B | 15.84B | 15.85B | 15.85B | 15.84B | 15.85B | 15.86B | 15.85B | 15.86B |
| Basic Shares Outstanding | 15.42B | 15.51B | 15.61B | 15.6B | 15.6B | 15.66B | 15.66B | 15.73B | 15.81B | 15.73B | 15.75B | 15.74B | 15.75B | 15.75B | 15.74B | 15.74B | 15.75B | 15.75B | 15.74B | 15.74B |
| Dividend Payout Ratio | 32.44% | 34.93% | 0.04% | 222.93% | 43.87% | 76.56% | 178.98% | 79.28% | 2.6% | 3.59% | 0.31% | 265.06% | 3.21% | 5.14% | 1.03% | 240.79% | 3.78% | 4.81% | 0.64% | 266.62% |