FMX's recent top-line acceleration, with revenue growth reaching 24.4% YoY in Q2 2026, appears to follow a major corporate simplification that reduced total assets by over 94% from Q3 2024 levels.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has accelerated to 24.4% YoY in Q2 2026, but this has not translated to operating leverage, with the operating margin holding at 8.3% and the net margin compressing to just 2.4%.
FMX’s revenue has doubled over the past decade, underscoring sustained expansion. In 2025, revenue grew 7.60% year‑over‑year, indicating continued top‑line momentum.
The company maintains a low debt‑to‑equity ratio and a positive net cash position, providing financial flexibility and reducing risk exposure.
FMX’s operations as a Coca‑Cola bottler and its Oxxo convenience store chain drive significant revenue and profit contributions, supported by an expanding employee base.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 28, 2026 | $1.10-6.8% vs $1.18 | $13.0B+1.5% vs $12.8B |
Q3 2026 Jul 28, 2026 | $0.93+1405.1% vs $0.06 | $13.2B+2.0% vs $12.9B |
Q2 2026 Apr 30, 2026 | $0.92+41.5% vs $0.65 | $11.7B+2.5% vs $11.4B |
Q1 2026 Feb 25, 2026 | $0.92-38.7% vs $1.50 | $12.2B-0.0% vs $12.2B |
FMX's Q3'26 earnings miss estimates despite strong OXXO Mexico sales and revenue growth, as margin pressures across key divisions weigh on profitability.
Fomento Económico Mexicano, S.A.B. de C.V. ( FMX ) Q3 2026 Earnings Call October 28, 2026 11:00 AM EDT Company Participants Juan Fonseca - Vice President of Investor Relations Jose Antonio Garza-Laguera - Chief Executive Officer Martin Arias Yaniz - Chief Administration & Finance Officer Conference Call Participants Henrique Brustolin - Banco Bradesco BBI S.A.
Fomento Economico Mexicano NYSE: FMX reported third-quarter 2026 revenue growth of 9.8% and operating income growth of 9.9%, supported by results at OXXO México and Coca-Cola FEMSA, while management highlighted an improving traffic trend at its Mexican convenience-store chain.
MONTERREY, Mexico, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today its operational and financial results for the third quarter of 2026.
Benchmark FMX against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Fomento Económico Mexicano, S.A.B. de C.V. (FMX)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $129.85 | $44.24B | 22.03 | 24.44% | 3.97% | 12.53% | 6.37% | |
| $95.67 | $411.62B | 28.21 | 1.87% | 28.65% | 39.58% | 2.13% | |
| $141.34 | $193.07B | 17.71 | 2.25% | 11.1% | 50.24% | 3.94% | |
| $116.13 | $51.47B | 25.47 | 2.27% | — | — | 1.87% | |
| $207.89 | $16.33B | 23.74 | 4.76% | 7.49% | — | 0.5% | |
| $36.63 | $49.84B | 30.38 | 8.16% | 7.12% | 5.8% | 2.5% |
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Fomento Económico Mexicano, S.A.B. de C.V. (FMX) stock FAQ — growth, dividends, profitability & financials explained
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) reported $50.70B in revenue over the trailing twelve months. Revenue was $46.65B in fiscal year 2025. That is 76% more than the $26.54B of fiscal year 1996.
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) grew revenue by 19.7% over the trailing twelve months, compared with the twelve months before.
Yes. Fomento Económico Mexicano, S.A.B. de C.V. (FMX) earned $2.01B in net income over the trailing twelve months (a 4.0% net margin).
Yes. Fomento Económico Mexicano, S.A.B. de C.V. (FMX) pays a dividend that yields 6.37% at the current price, a high yield.
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) had a return on equity (ROE) of 12.5% over the trailing twelve months. That is in line with the market's typical 10-15%.
Fomento Económico Mexicano, S.A.B. de C.V. (FMX) generated $1.61B in free cash flow in fiscal year 2025.
