Ambev revenue and financials
Secondary listing. The primary listing is Ambev · B3 (BRL)
$3.22Change from previous close: −0.92%Absolute change: −$0.03
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 20,149 | 22,464 | 24,808 | 20,847 | 20,090 | 22,497 | 27,035 | 22,097 | 20,044 | 20,276 | 19,989 | 20,318 |
| Cost of revenue | 9,700 | 10,882 | 11,752 | 10,120 | 10,046 | 10,946 | 12,524 | 10,973 | 10,060 | 10,059 | 9,301 | 10,223 |
| Gross profit | 10,448 | 11,583 | 13,055 | 10,727 | 10,044 | 11,552 | 14,512 | 11,124 | 9,984 | 10,217 | 10,688 | 10,095 |
| Selling, general and administrative | 6,393 | 6,265 | 6,716 | 5,862 | 6,207 | 6,463 | 7,716 | 6,415 | 6,542 | 5,934 | 5,756 | 5,684 |
| Operating income | 4,784 | 5,892 | 6,994 | 5,423 | 4,393 | 5,671 | 7,499 | 5,271 | 3,962 | 4,855 | 5,576 | 4,873 |
| EBIT | 4,784 | 5,892 | 6,994 | 5,423 | 4,393 | 5,671 | 7,499 | 5,271 | 3,962 | 4,855 | 5,576 | 4,873 |
| EBITDA | 6,315 | 7,177 | 7,818 | 7,022 | 6,096 | 7,384 | 8,438 | 7,002 | 5,682 | 6,488 | 6,156 | 6,545 |
| Interest expense | 540 | 535 | 572 | 488 | 505 | 506 | 529 | 487 | 262 | 550 | 524 | 631 |
| Pre-tax income | 4,339 | 4,931 | 5,932 | 5,214 | 3,420 | 4,856 | 6,911 | 4,670 | 3,432 | 4,475 | 4,727 | 4,060 |
| Income tax | 865 | 1,046 | 1,402 | 350 | 629 | 1,052 | 1,886 | 1,103 | 980 | 671 | 198 | 44.7 |
| Net income | 3,387 | 3,768 | 4,347 | 4,745 | 2,718 | 3,694 | 4,880 | 3,460 | 2,396 | 3,700 | 4,388 | 3,912 |
| Net income to common shareholders | 3,387 | 3,768 | 4,347 | 4,745 | 2,718 | 3,694 | 4,880 | 3,460 | 2,396 | 3,700 | 4,388 | 3,912 |
| Basic EPS | 0.22 | 0.24 | 0.28 | 0.30 | 0.17 | 0.24 | 0.31 | 0.22 | 0.15 | 0.23 | 0.28 | 0.25 |
| Diluted EPS | 0.22 | 0.24 | 0.28 | 0.30 | 0.17 | 0.23 | 0.31 | 0.22 | 0.15 | 0.23 | 0.28 | 0.25 |
| Average shares (basic) | 15,610 | 15,610 | 15,601 | 15,592 | 15,604 | 15,666 | 15,728 | 15,727 | 15,730 | 15,749 | 15,743 | 15,746 |
| Average shares (diluted) | 15,677 | 15,675 | 15,667 | 15,664 | 15,677 | 15,739 | 15,810 | 15,814 | 15,808 | 15,843 | 15,837 | 15,844 |
| Dividend per share | — | — | 0.27 | 0.46 | 0.13 | 0.26 | 0.67 | — | — | — | 0.73 | — |