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Fomento Economico Mexicano (FMX) Financial History

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

CONSUMER DEFENSIVE · BEVERAGES - BREWERS · DATA UPDATED 2026-07-21

Fomento Economico Mexicano (FMX) operates in the BEVERAGES - BREWERS industry and is headquartered in Monterrey, Mexico with about 381,480 employees. Its market capitalization is roughly $40 billion. In the fiscal year ended 2025-12-31, FMX reported MXN 46.6B in revenue and MXN 1.1B in net income.

Fomento Económico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a franchise bottler of Coca-Cola trademark beverages worldwide. The company operates through Coca-Cola FEMSA, Proximity Americas Division, Proximity Europe Division, Health Division, Fuel Division, and Others segments.

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

FMX 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	MXN 873.5B	MXN 46.6B	MXN 37.5B	MXN 702.7B	MXN 597.0B	MXN 505.5B	MXN 493.0B	MXN 506.7B	MXN 469.7B	MXN 439.9B	MXN 399.5B	MXN 311.6B	MXN 263.4B	MXN 258.1B	MXN 238.3B	MXN 203.0B	MXN 169.7B	MXN 197.0B	MXN 168.0B	MXN 147.6B	MXN 126.4B
Gross Profit	MXN 353.8B	MXN 18.9B	MXN 15.4B	MXN 279.5B	MXN 241.5B	MXN 206.2B	MXN 189.7B	MXN 191.5B	MXN 175.2B	MXN 162.1B	MXN 148.2B	MXN 123.2B	MXN 110.2B	MXN 109.7B	MXN 101.3B	MXN 85.0B	MXN 71.0B	MXN 90.8B	MXN 77.6B	MXN 67.8B	MXN 58.5B
Gross Margin %	40.5%	40.6%	41.1%	39.8%	40.5%	40.8%	38.5%	37.8%	37.3%	36.8%	37.1%	39.5%	41.8%	42.5%	42.5%	41.9%	41.8%	46.1%	46.2%	45.9%	46.3%
Operating Income (EBIT)	MXN 74.3B	MXN 4.0B	MXN 3.4B	MXN 57.9B	MXN 63.7B	MXN 53.7B	MXN 42.8B	MXN 49.3B	MXN 42.9B	MXN 40.7B	MXN 37.7B	MXN 35.0B	MXN 30.6B	MXN 29.9B	MXN 28.4B	MXN 26.9B	MXN 22.5B	MXN 21.1B	MXN 22.7B	MXN 19.6B	MXN 17.4B
Operating Margin %	8.5%	8.6%	8.9%	8.2%	10.7%	10.6%	8.7%	9.7%	9.1%	9.2%	9.4%	11.2%	11.6%	11.6%	11.9%	13.2%	13.3%	10.7%	13.5%	13.3%	13.8%
Net Income	MXN 31.3B	MXN 1.1B	MXN 1.3B	MXN 65.7B	MXN 23.9B	MXN 28.5B	(MXN 1.9B)	MXN 20.7B	MXN 24.0B	MXN 42.4B	MXN 21.1B	MXN 17.7B	MXN 16.7B	MXN 15.9B	MXN 20.7B	MXN 15.3B	MXN 40.3B	MXN 9.9B	MXN 6.7B	MXN 8.5B	MXN 7.1B
Net Margin %	3.6%	2.3%	3.4%	9.3%	4.0%	5.6%	-0.4%	4.1%	5.1%	9.6%	5.3%	5.7%	6.3%	6.2%	8.7%	7.5%	23.7%	5.0%	4.0%	5.8%	5.6%
EBITDA	—	MXN 6.4B	MXN 4.2B	MXN 72.2B	MXN 92.0B	MXN 69.9B	MXN 54.7B	MXN 65.4B	MXN 58.3B	MXN 52.7B	MXN 49.1B	MXN 44.6B	MXN 40.0B	MXN 39.0B	MXN 37.5B	MXN 31.6B	MXN 32.4B	MXN 32.9B	MXN 26.5B	MXN 29.7B	MXN 23.8B
Earnings Per Share (EPS)	—	MXN 3.22	MXN 0.72	MXN 36.72	MXN 13.36	MXN 15.93	MXN -1.08	MXN 11.57	MXN 13.41	MXN 23.70	MXN 11.82	MXN 9.88	MXN 9.33	MXN 7.90	MXN 11.57	MXN 8.57	MXN 22.50	MXN 5.54	MXN 3.75	MXN 4.76	MXN 3.98
Shares Outstanding (M)	—	335M	1,789M	1,789M	1,789M	1,789M	1,789M	1,789M	1,789M	1,789M	1,789M	1,789M	1,789M	2,015M	1,789M	1,789M	1,789M	1,789M	1,789M	1,789M	1,789M

MXN; MXNM / MXNB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FMX Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	MXN 11.6B	MXN 12.0B	MXN 11.5B	MXN 11.3B	MXN 9.5B	MXN 10.0B	MXN 196.8B	MXN 198.7B
Gross Profit	MXN 4.7B	MXN 5.0B	MXN 4.6B	MXN 4.6B	MXN 3.8B	MXN 4.4B	MXN 79.4B	MXN 82.4B
Gross Margin %	40.5%	41.5%	39.9%	40.6%	40.3%	43.7%	40.3%	41.5%
Operating Income (EBIT)	MXN 824M	MXN 1.3B	MXN 960M	MXN 942M	MXN 607M	(MXN 2.3B)	MXN 17.3B	MXN 17.4B
Operating Margin %	7.1%	10.9%	8.3%	8.3%	6.4%	-22.6%	8.8%	8.8%
Net Income	MXN 829M	MXN 466M	MXN 130M	MXN 146M	MXN 281M	MXN 258M	MXN 5.9B	MXN 12.6B
Net Margin %	7.1%	3.9%	1.1%	1.3%	3.0%	2.6%	3.0%	6.3%
EBITDA	MXN 1.6B	MXN 2.1B	MXN 1.6B	MXN 1.3B	MXN 944M	MXN 1.1B	MXN 23.1B	MXN 26.9B
Earnings Per Share (EPS)	MXN 2.47	MXN 1.39	MXN 0.39	MXN 0.42	MXN 0.81	MXN 0.14	MXN 3.30	MXN 7.17
Shares Outstanding (M)	335M	335M	335M	347M	347M	1,789M	1,789M	1,757M

MXN; MXNM / MXNB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FMX Free Cash Flow History

Cash flow	TTM → 2026-03-31	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)	MXN 4.8B	MXN 3.9B	MXN 3.5B	MXN 49.7B	MXN 72.6B	MXN 73.1B	MXN 53.2B	MXN 61.6B	MXN 48.9B	MXN 40.1B	MXN 50.1B	MXN 36.7B	MXN 37.4B	MXN 28.8B	MXN 30.8B	MXN 15.4B	MXN 18.9B	MXN 30.9B	MXN 19.3B	MXN 18.0B	MXN 16.1B
Capital Expenditures (CapEx)	MXN 2.2B	MXN 2.3B	MXN 2.1B	MXN 38.1B	MXN 32.4B	MXN 20.3B	MXN 20.1B	MXN 25.1B	MXN 23.4B	MXN 24.2B	MXN 21.4B	MXN 18.5B	MXN 706M	MXN 1.1B	MXN 441M	MXN 11.2B	MXN 9.3B	MXN 10.2B	MXN 10.9B	MXN 6.4B	MXN 5.2B
Free Cash Flow (FCF)	MXN 2.5B	MXN 1.6B	MXN 1.4B	MXN 11.6B	MXN 40.1B	MXN 52.8B	MXN 33.0B	MXN 36.5B	MXN 25.5B	MXN 16.0B	MXN 28.7B	MXN 18.3B	MXN 36.7B	MXN 27.7B	MXN 30.3B	MXN 4.2B	MXN 9.7B	MXN 20.7B	MXN 8.4B	MXN 11.7B	MXN 10.9B
FCF Margin %	5.5%	3.5%	3.7%	1.6%	6.7%	10.4%	6.7%	7.2%	5.4%	3.6%	7.2%	5.9%	13.9%	10.7%	12.7%	2.1%	5.7%	10.5%	5.0%	7.9%	8.6%
Dividends Paid	MXN 3.1B	MXN 2.8B	MXN 1.2B	MXN 18.8B	MXN 17.5B	MXN 13.4B	MXN 15.9B	MXN 13.6B	MXN 12.9B	MXN 12.4B	MXN 12.0B	MXN 10.7B	MXN 3.2B	MXN 16.6B	MXN 9.2B	MXN 7.3B	MXN 3.8B	MXN 2.2B	MXN 2.1B	MXN 1.9B	MXN 1.4B

MXN; MXNM / MXNB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FMX Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Cash from Operations (CFO)	MXN 1.2B	MXN 2.6B	MXN 55M	MXN 918M	MXN 336M	MXN 1.3B	MXN 11.0B	MXN 18.2B
Capital Expenditures (CapEx)	MXN 395M	MXN 1.3B	MXN 30M	MXN 441M	MXN 434M	MXN 690M	MXN 12.5B	MXN 11.4B
Free Cash Flow (FCF)	MXN 842M	MXN 1.2B	MXN 24M	MXN 478M	(MXN 99M)	MXN 636M	(MXN 1.5B)	MXN 6.8B
FCF Margin %	7.2%	10.0%	0.2%	4.2%	-1.0%	6.3%	-0.8%	3.4%
Dividends Paid	MXN 669M	MXN 1.6B	MXN 40M	MXN 757M	MXN 293M	MXN 436M	MXN 8.1B	MXN 7.9B

MXN; MXNM / MXNB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FMX Balance Sheet History

Balance sheet	2026-03-31	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	MXN 44.4B	MXN 44.1B	MXN 852.2B	MXN 805.8B	MXN 798.8B	MXN 737.5B	MXN 684.8B	MXN 637.5B	MXN 576.4B	MXN 588.5B	MXN 545.6B	MXN 409.3B	MXN 376.2B	MXN 359.2B	MXN 295.9B	MXN 274.7B	MXN 223.6B	MXN 211.1B	MXN 185.0B	MXN 165.8B	MXN 145.4B
Cash & Cash Equivalents	MXN 6.0B	MXN 6.0B	MXN 139.8B	MXN 165.1B	MXN 39.6B	MXN 32.1B	MXN 44.0B	MXN 65.6B	MXN 62.0B	MXN 96.9B	MXN 43.6B	MXN 29.4B	MXN 35.5B	MXN 27.3B	MXN 36.5B	MXN 26.3B	MXN 27.1B	MXN 15.5B	MXN 9.1B	MXN 10.5B	MXN 7.9B
Total Liabilities	MXN 28.1B	MXN 25.9B	MXN 469.6B	MXN 426.7B	MXN 536.2B	MXN 474.9B	MXN 447.1B	MXN 311.8B	MXN 240.8B	MXN 251.6B	MXN 259.5B	MXN 167.5B	MXN 146.1B	MXN 136.6B	MXN 85.8B	MXN 83.6B	MXN 70.6B	MXN 95.3B	MXN 88.1B	MXN 76.1B	MXN 71.2B
Total Debt (Short + Long-Term)	MXN 138.6B	MXN 129.0B	MXN 164.3B	MXN 152.0B	MXN 175.3B	MXN 187.9B	MXN 195.4B	MXN 119.3B	MXN 128.7B	MXN 131.3B	MXN 139.2B	MXN 91.9B	MXN 1.9B	MXN 9.4B	MXN 10.9B	MXN 7.3B	MXN 5.1B	MXN 11.5B	MXN 14.0B	MXN 12.2B	MXN 9.1B
Total Shareholders' Equity	MXN 11.8B	MXN 13.6B	MXN 382.6B	MXN 379.1B	MXN 262.6B	MXN 262.6B	MXN 237.7B	MXN 325.8B	MXN 335.5B	MXN 336.9B	MXN 286.2B	MXN 241.9B	MXN 230.1B	MXN 222.6B	MXN 210.2B	MXN 191.1B	MXN 153.0B	MXN 115.8B	MXN 96.9B	MXN 89.7B	MXN 74.2B

MXN; MXNM / MXNB 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 FMX viewer.

FMX Metric Deep Dives

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