Ambev revenue and financials
Secondary listing. The primary listing is Ambev · B3 (BRL)
$3.25Change from previous close: +8.70%Absolute change: +$0.26
In the fiscal year ended December 2025, Ambev reported revenue of R$88.24B (−1.35% year over year). Net income was R$15.5B, a net margin of 17.6%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −1.35%
- 2025 vs 2024
- Net income growth
- +7.39%
- 2025 vs 2024
- Net margin
- 17.6%
- 2024: 16.1%
Financial data
Amounts in millions of BRL; per-share values in BRL; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 88,243 | 89,453 | 79,737 | 79,709 | 72,854 | 58,379 | 52,005 | 50,231 | 47,899 | 45,603 |
| Cost of revenue | 42,864 | 43,615 | 39,292 | 40,422 | 35,660 | 27,066 | 21,678 | 19,249 | 18,028 | 16,678 |
| Gross profit | 45,378 | 45,838 | 40,445 | 39,287 | 37,195 | 31,313 | 30,327 | 30,982 | 29,871 | 28,925 |
| Selling, general and administrative | 25,248 | 26,505 | 23,551 | 24,077 | 21,961 | — | — | — | — | — |
| Operating income | 23,318 | 21,802 | 18,831 | 17,688 | 17,080 | 15,972 | 16,075 | 17,151 | 16,552 | 17,105 |
| EBIT | 22,481 | 21,669 | 18,837 | 17,635 | 17,291 | — | — | — | — | — |
| EBITDA | 27,219 | 26,716 | 23,456 | 22,344 | 21,364 | — | — | — | — | — |
| Interest expense | 4,411 | 4,028 | 4,919 | 7,141 | 5,428 | 5,431 | 4,748 | 4,684 | 4,415 | 4,598 |
| Pre-tax income | 19,422 | 19,487 | 15,036 | 14,236 | 13,759 | — | — | — | — | — |
| Income tax | 3,433 | 4,640 | -75.5 | 656 | -637 | 1,763 | 755 | 1,774 | 5,048 | 315 |
| Net income | 15,503 | 14,437 | 14,502 | 14,458 | 12,671 | 11,379 | 11,780 | 10,995 | 7,269 | 12,547 |
| Net income to common shareholders | 15,503 | 14,437 | 14,502 | 14,458 | 12,671 | — | — | — | — | — |
| Basic EPS | 0.99 | 0.92 | 0.92 | 0.92 | 0.81 | 0.72 | 0.75 | 0.70 | 0.46 | 0.80 |
| Diluted EPS | 0.99 | 0.91 | 0.92 | 0.91 | 0.80 | 0.72 | 0.74 | 0.69 | 0.46 | 0.79 |
| Average shares (basic) | 15,618 | 15,735 | 15,745 | 15,742 | 15,737 | — | — | — | — | — |
| Average shares (diluted) | 15,684 | 15,815 | 15,839 | 15,849 | 15,857 | — | — | — | — | — |
| Dividend per share | 1.11 | 0.67 | 0.73 | 0.76 | 0.60 | — | — | — | — | — |