Ambev
R$15.84Change from previous close: +3.06%Absolute change: +R$0.47
At a glance
- Revenue growth
- −1.35%
- 2025 vs 2024
- Net income growth
- +7.38%
- 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 4,711 | 3,161 | 13,252 | 6,919 | 3,050 | 1,204 | 13,914 | 8,108 | 3,358 | 718 | 13,949 | 7,923 |
| Depreciation and amortization | 1,531 | 1,603 | 1,149 | 1,599 | 1,702 | 1,713 | 1,285 | 1,730 | 1,720 | 1,632 | 942 | 1,671 |
| Capital expenditure | -880 | -467 | -1,630 | -1,044 | -1,088 | -828 | -1,519 | -1,186 | -1,028 | -1,016 | -2,273 | -1,283 |
| Investing cash flow | -851 | -2,417 | -2,034 | -1,170 | -961 | -784 | -1,471 | -1,134 | -1,079 | -1,780 | -2,257 | -1,210 |
| Financing cash flow | -4,469 | -1,205 | -10,736 | -3,223 | -3,960 | -8,827 | -5,263 | -1,088 | -1,699 | -2,302 | -11,990 | -1,402 |
| Dividends paid | -1,183 | -1.5 | -9,690 | -2,082 | -2,081 | -6,611 | -3,869 | -89.9 | -86.0 | -11.6 | -11,630 | -125 |
| Share repurchases | -2,283 | -413 | -90.8 | 0.0 | -777 | -1,057 | -100 | -0.2 | -291 | -76.2 | -39.8 | -54.1 |
| Debt issued | 10.4 | 15.2 | 41.6 | — | 42.9 | 7.8 | 28.8 | 27.1 | 20.4 | 413 | 10.3 | 1.1 |
| Debt repaid | -327 | -332 | -351 | -334 | -335 | -351 | -383 | -377 | -791 | -385 | -400 | -362 |
| Effect of exchange rates | -773 | -185 | -151 | -622 | -843 | -1,070 | 1,631 | -257 | 730 | 149 | -1,055 | 88.6 |
| Net change in cash | -1,381 | -646 | 331 | 1,904 | -2,714 | -9,477 | 8,811 | 5,630 | 1,310 | -3,214 | -1,353 | 5,399 |
| Free cash flow | 3,832 | 2,694 | 11,622 | 5,875 | 1,962 | 376 | 12,395 | 6,922 | 2,330 | -298 | 11,676 | 6,640 |
| Levered free cash flow | 2,454 | 1,072 | 11,961 | 4,663 | 674 | -4,598 | 16,061 | 5,966 | 975 | -3,556 | 9,247 | 5,021 |