ABEV
Ambev SA ADR
NYSE: ABEV · CONSUMER DEFENSIVE · BEVERAGES - BREWERS
$2.85
-2.06% today
Updated 2026-04-29
Market cap
$44.45B
P/E ratio
14.25
P/S ratio
0.50x
EPS (TTM)
$0.20
Dividend yield
9.69%
52W range
$2 – $3
Volume
24.1M
Ambev SA ADR (ABEV) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.61B | $19.58B | $20.71B | $23.19B | $25.23B | $27.13B | $32.48B | $35.08B | $38.08B | $46.72B | $45.60B | $47.90B | $50.23B | $52.01B | $58.38B | $72.85B | $79.71B | $79.74B | $89.45B | $88.24B |
| Revenue growth (YoY) | — | +11.2% | +5.8% | +12.0% | +8.8% | +7.5% | +19.7% | +8.0% | +8.6% | +22.7% | -2.4% | +5.0% | +4.9% | +3.5% | +12.3% | +24.8% | +9.4% | +0.0% | +12.2% | -1.4% |
| Cost of revenue | $5.95B | $6.60B | $7.22B | $7.73B | $8.45B | $9.00B | $10.61B | $11.57B | $12.81B | $16.06B | $16.68B | $18.03B | $19.25B | $21.68B | $27.07B | $35.66B | $40.42B | $39.29B | $43.62B | $42.86B |
| Gross profit | $11.66B | $12.98B | $13.50B | $15.46B | $16.78B | $18.13B | $21.87B | $23.51B | $25.27B | $30.66B | $28.92B | $29.87B | $30.98B | $30.33B | $31.31B | $37.19B | $39.29B | $40.45B | $45.84B | $45.38B |
| Gross margin | 66.2% | 66.3% | 65.2% | 66.7% | 66.5% | 66.8% | 67.3% | 67.0% | 66.3% | 65.6% | 63.4% | 62.4% | 61.7% | 58.3% | 53.6% | 51.1% | 49.3% | 50.7% | 51.2% | 51.4% |
| R&D | — | — | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — |
| SG&A | $771.20M | $1.01B | $1.04B | $1.48B | $1.20B | $1.24B | $1.61B | $1.75B | $1.82B | $2.28B | $2.17B | $2.62B | $2.36B | $2.68B | $2.95B | $4.88B | $5.24B | $5.27B | $6.20B | $5.86B |
| Operating income | $4.34B | $7.74B | $7.83B | $9.18B | $10.02B | $11.44B | $13.69B | $15.43B | $15.83B | $18.78B | $17.11B | $16.55B | $17.15B | $16.07B | $15.97B | $17.08B | $17.69B | $18.83B | $21.80B | $23.32B |
| Operating margin | 24.6% | 39.5% | 37.8% | 39.6% | 39.7% | 42.2% | 42.2% | 44.0% | 41.6% | 40.2% | 37.5% | 34.6% | 34.1% | 30.9% | 27.4% | 23.4% | 22.2% | 23.6% | 24.4% | 26.4% |
| EBITDA | $7.44B | $9.06B | $9.38B | $10.92B | $11.90B | $13.49B | $15.83B | $16.82B | $17.77B | $20.84B | $19.18B | $18.98B | $19.30B | $19.44B | $20.77B | $20.99B | $23.08B | $24.27B | $29.01B | $26.32B |
| EBITDA margin | 42.3% | 46.3% | 45.3% | 47.1% | 47.2% | 49.7% | 48.7% | 47.9% | 46.7% | 44.6% | 42.1% | 39.6% | 38.4% | 37.4% | 35.6% | 28.8% | 29.0% | 30.4% | 32.4% | 29.8% |
| EBIT | $6.26B | $7.98B | $8.09B | $9.54B | $10.34B | $11.83B | $13.88B | $14.71B | $15.38B | $17.77B | $15.67B | $14.94B | $14.85B | $14.77B | $15.61B | $15.60B | $17.13B | $17.85B | $21.89B | $19.62B |
| Interest expense | $1.08B | $1.40B | $1.45B | $1.35B | $606.10M | $468.10M | $557.10M | $618.90M | $697.40M | $3.56B | $1.54B | $4.27B | $1.28B | $462.06M | $414.78M | $1.43B | $596.10M | $578.43M | $2.40B | $949.10M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $2.81B | $5.00B | $5.12B | $5.99B | $7.56B | $5.15B | $6.35B | $9.56B | $12.07B | $12.42B | $12.55B | $7.27B | $10.99B | $11.78B | $11.38B | $12.67B | $14.46B | $14.50B | $14.44B | $15.50B |
| Net income growth (YoY) | — | +78.3% | +2.3% | +16.9% | +26.3% | -31.9% | +23.3% | +50.6% | +26.2% | +3.0% | +1.0% | -42.1% | +51.3% | +7.1% | -3.4% | +11.4% | +14.1% | +0.3% | -0.4% | +7.4% |
| Profit margin | 15.9% | 25.6% | 24.7% | 25.8% | 30.0% | 19.0% | 19.5% | 27.2% | 31.7% | 26.6% | 27.5% | 15.2% | 21.9% | 22.7% | 19.5% | 17.4% | 18.1% | 18.2% | 16.1% | 17.6% |