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Ambev SA ADR (ABEV) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

CONSUMER DEFENSIVE · BEVERAGES - BREWERS · DATA UPDATED 2026-09-11

Ambev SA ADR (ABEV) operates in the BEVERAGES - BREWERS industry and is headquartered in São Paulo, Brazil with about 39,000 employees. Its market capitalization is roughly $45 billion. In the fiscal year ended 2025-12-31, ABEV reported BRL 88.2B in revenue and BRL 15.5B in net income.

Ambev S.A., through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, soft drinks, malt and food, and other beverages in Brazil, Central America and Caribbean, Latin America South, and Canada.

Interactive charts & full statements → Open the ABEV valuation workbench →

ABEV Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	BRL 88.3B	BRL 88.2B	BRL 89.5B	BRL 79.7B	BRL 79.7B	BRL 72.9B	BRL 58.4B	BRL 52.0B	BRL 50.2B	BRL 47.9B	BRL 45.6B	BRL 46.7B	BRL 38.1B	BRL 35.1B	BRL 32.5B	BRL 27.1B	BRL 25.2B	BRL 23.2B	BRL 20.7B	BRL 19.6B	BRL 17.6B
Gross Profit	BRL 45.8B	BRL 45.4B	BRL 45.8B	BRL 40.4B	BRL 39.3B	BRL 37.2B	BRL 31.3B	BRL 30.3B	BRL 31.0B	BRL 29.9B	BRL 28.9B	BRL 30.7B	BRL 25.3B	BRL 23.5B	BRL 21.9B	BRL 18.1B	BRL 16.8B	BRL 15.5B	BRL 13.5B	BRL 13.0B	BRL 11.7B
Gross Margin %	51.9%	51.4%	51.2%	50.7%	49.3%	51.0%	53.6%	58.3%	61.7%	62.4%	63.4%	65.6%	66.3%	67.0%	67.3%	66.8%	66.5%	66.7%	65.1%	66.3%	66.2%
Operating Income (EBIT)	BRL 24.3B	BRL 22.3B	BRL 21.8B	BRL 18.8B	BRL 17.7B	BRL 17.1B	BRL 16.0B	BRL 16.1B	BRL 17.2B	BRL 16.6B	BRL 17.1B	BRL 18.8B	BRL 15.8B	BRL 15.4B	BRL 13.7B	BRL 11.4B	BRL 10.0B	BRL 9.2B	BRL 7.8B	BRL 7.7B	BRL 4.3B
Operating Margin %	27.6%	25.3%	24.4%	23.6%	22.2%	23.4%	27.4%	30.9%	34.1%	34.6%	37.5%	40.2%	41.6%	44.0%	42.2%	42.2%	39.7%	39.6%	37.8%	39.5%	24.6%
Net Income	BRL 16.2B	BRL 15.5B	BRL 14.4B	BRL 14.5B	BRL 14.5B	BRL 12.7B	BRL 11.4B	BRL 11.8B	BRL 11.0B	BRL 7.3B	BRL 12.5B	BRL 12.4B	BRL 12.1B	BRL 9.6B	BRL 6.3B	BRL 5.1B	BRL 7.6B	BRL 6.0B	BRL 5.1B	BRL 5.0B	BRL 2.8B
Net Margin %	18.4%	17.6%	16.1%	18.2%	18.1%	17.4%	19.5%	22.7%	21.9%	15.2%	27.5%	26.6%	31.7%	27.2%	19.5%	19.0%	30.0%	25.8%	24.7%	25.6%	15.9%
EBITDA	BRL 29.7B	BRL 29.0B	BRL 29.0B	BRL 24.3B	BRL 23.1B	BRL 21.0B	BRL 20.8B	BRL 19.4B	BRL 19.3B	BRL 19.0B	BRL 19.2B	BRL 20.8B	BRL 17.8B	BRL 16.8B	BRL 15.8B	BRL 13.5B	BRL 11.9B	BRL 10.9B	BRL 9.4B	BRL 9.1B	BRL 7.4B
Earnings Per Share (EPS)	BRL 1.04	BRL 0.99	BRL 0.91	BRL 0.92	BRL 0.91	BRL 0.80	BRL 0.72	BRL 0.74	BRL 0.69	BRL 0.46	BRL 0.79	BRL 0.78	BRL 0.76	BRL 0.75	BRL 0.64	BRL 0.32	BRL 0.49	BRL 0.37	BRL 0.33	BRL 0.28	BRL 0.18
Shares Outstanding (M)	15,580M	15,684M	15,815M	15,839M	15,849M	15,857M	15,868M	15,869M	15,856M	15,710M	15,823M	15,928M	15,820M	12,825M	9,840M	16,315M	15,530M	16,110M	15,374M	17,960M	15,948M

BRL; BRLM / BRLB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ABEV Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	BRL 20.1B	BRL 22.5B	BRL 24.8B	BRL 20.8B	BRL 20.1B	BRL 22.5B	BRL 27.0B	BRL 22.1B
Gross Profit	BRL 10.4B	BRL 11.6B	BRL 13.1B	BRL 10.7B	BRL 10.0B	BRL 11.6B	BRL 14.5B	BRL 11.1B
Gross Margin %	51.9%	51.6%	52.6%	51.5%	50.0%	51.3%	53.7%	50.3%
Operating Income (EBIT)	BRL 4.8B	BRL 5.9B	BRL 7.4B	BRL 6.3B	BRL 4.4B	BRL 5.7B	BRL 7.5B	BRL 5.3B
Operating Margin %	23.6%	26.1%	29.8%	30.2%	21.9%	25.4%	27.8%	24.1%
Net Income	BRL 3.4B	BRL 3.8B	BRL 4.3B	BRL 4.7B	BRL 2.7B	BRL 3.7B	BRL 4.9B	BRL 3.5B
Net Margin %	16.8%	16.8%	17.5%	22.8%	13.5%	16.4%	18.1%	15.7%
EBITDA	BRL 6.4B	BRL 7.2B	BRL 8.6B	BRL 7.5B	BRL 5.7B	BRL 7.2B	BRL 9.6B	BRL 7.0B
Earnings Per Share (EPS)	BRL 0.22	BRL 0.24	BRL 0.28	BRL 0.30	BRL 0.17	BRL 0.23	BRL 0.31	BRL 0.22
Shares Outstanding (M)	15,580M	15,675M	15,656M	15,671M	15,737M	15,737M	15,810M	15,814M

BRL; BRLM / BRLB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ABEV Free Cash Flow History

Cash flow	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	BRL 28.0B	BRL 24.4B	BRL 26.1B	BRL 24.7B	BRL 20.6B	BRL 22.9B	BRL 18.9B	BRL 18.4B	BRL 18.3B	BRL 18.3B	BRL 12.3B	BRL 23.6B	BRL 15.9B	BRL 15.3B	BRL 14.3B	BRL 12.7B	BRL 10.1B	BRL 8.7B	BRL 7.0B	BRL 7.2B	BRL 6.0B
Capital Expenditures (CapEx)	BRL 4.0B	BRL 4.6B	BRL 4.7B	BRL 6.0B	BRL 6.5B	BRL 7.7B	BRL 4.7B	BRL 5.1B	BRL 3.6B	BRL 3.2B	BRL 4.1B	BRL 5.3B	BRL 4.5B	BRL 3.8B	BRL 3.0B	BRL 3.2B	BRL 2.3B	BRL 1.4B	BRL 2.0B	BRL 1.6B	BRL 1.4B
Free Cash Flow (FCF)	BRL 24.0B	BRL 19.9B	BRL 21.4B	BRL 18.7B	BRL 14.1B	BRL 15.2B	BRL 14.2B	BRL 13.3B	BRL 14.8B	BRL 15.1B	BRL 8.2B	BRL 18.3B	BRL 11.4B	BRL 11.5B	BRL 11.3B	BRL 9.5B	BRL 7.8B	BRL 7.3B	BRL 5.1B	BRL 5.6B	BRL 4.6B
FCF Margin %	27.2%	22.5%	23.9%	23.5%	17.7%	20.9%	24.3%	25.6%	29.4%	31.4%	18.0%	39.2%	29.9%	32.8%	34.8%	34.9%	30.8%	31.3%	24.5%	28.7%	25.9%
Dividends Paid	BRL 13.0B	BRL 20.5B	BRL 4.1B	BRL 11.9B	BRL 12.2B	BRL 11.1B	BRL 6.8B	BRL 7.9B	BRL 8.8B	BRL 8.8B	BRL 10.3B	BRL 11.5B	BRL 12.1B	BRL 7.3B	BRL 5.6B	BRL 5.5B	BRL 5.0B	BRL 3.6B	BRL 2.8B	BRL 2.1B	BRL 1.8B

BRL; BRLM / BRLB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ABEV Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Cash from Operations (CFO)	BRL 4.7B	BRL 3.2B	BRL 13.3B	BRL 6.9B	BRL 3.0B	BRL 1.2B	BRL 13.9B	BRL 8.1B
Capital Expenditures (CapEx)	BRL 880M	BRL 467M	BRL 1.6B	BRL 1.0B	BRL 1.1B	BRL 828M	BRL 1.5B	BRL 1.2B
Free Cash Flow (FCF)	BRL 3.8B	BRL 2.7B	BRL 11.6B	BRL 5.9B	BRL 2.0B	BRL 376M	BRL 12.4B	BRL 6.9B
FCF Margin %	19.0%	12.0%	46.9%	28.2%	9.8%	1.7%	45.9%	31.3%
Dividends Paid	BRL 1.2B	BRL 2M	BRL 9.7B	BRL 2.1B	BRL 2.1B	BRL 6.6B	BRL 3.9B	BRL 90M

BRL; BRLM / BRLB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ABEV Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	BRL 138.2B	BRL 148.1B	BRL 162.5B	BRL 132.6B	BRL 138.0B	BRL 138.6B	BRL 125.2B	BRL 101.7B	BRL 94.1B	BRL 86.9B	BRL 83.8B	BRL 90.2B	BRL 72.1B	BRL 68.7B	BRL 54.2B	BRL 46.1B	BRL 42.7B	BRL 40.1B	BRL 41.8B	BRL 35.5B	BRL 35.6B
Cash & Cash Equivalents	BRL 16.6B	BRL 18.6B	BRL 28.6B	BRL 16.1B	BRL 14.9B	BRL 16.6B	BRL 17.1B	BRL 11.9B	BRL 11.5B	BRL 10.4B	BRL 7.9B	BRL 13.6B	BRL 9.7B	BRL 11.3B	BRL 8.9B	BRL 8.1B	BRL 5.9B	BRL 4.0B	BRL 3.3B	BRL 2.3B	BRL 1.5B
Total Liabilities	BRL 49.3B	BRL 59.3B	BRL 62.9B	BRL 52.5B	BRL 54.6B	BRL 54.6B	BRL 50.0B	BRL 39.2B	BRL 38.3B	BRL 40.8B	BRL 37.2B	BRL 39.8B	BRL 28.5B	BRL 24.9B	BRL 24.7B	BRL 20.7B	BRL 18.1B	BRL 17.8B	BRL 20.8B	BRL 19.1B	BRL 16.1B
Total Debt (Short + Long-Term)	BRL 2.9B	BRL 1.4B	BRL 1.6B	BRL 1.7B	BRL 3.8B	BRL 3.1B	BRL 4.8B	BRL 1.4B	BRL 2.8B	BRL 2.9B	BRL 5.4B	BRL 1.9B	BRL 1.7B	BRL 1.8B	BRL 2.0B	BRL 3.2B	BRL 5.1B	BRL 4.5B	BRL 6.7B	BRL 6.6B	BRL 5.6B
Total Shareholders' Equity	BRL 88.3B	BRL 87.9B	BRL 98.6B	BRL 79.0B	BRL 82.0B	BRL 82.6B	BRL 73.8B	BRL 61.3B	BRL 56.2B	BRL 45.6B	BRL 44.8B	BRL 48.3B	BRL 42.2B	BRL 43.0B	BRL 25.4B	BRL 23.1B	BRL 24.4B	BRL 22.0B	BRL 20.8B	BRL 18.1B	BRL 19.4B

BRL; BRLM / BRLB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive ABEV viewer.

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