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  4. AMBEV S.A. - ADR
Ambev S.A. - ADR
XNYS: ABEV
20.7M
XNYS Volume

XNYS 14 Oct, 2026 5:30 PM (EDT)

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Ambev S.A. (ADR) quarterly and annual earnings report: results, revenue, profit, P&L, balance sheet, cash flow, financial ratios, revenue mix, peer comparison, and financial documents

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Forecaster Analyst Estimates for Ambev S.A. (ADR) share price target, revenues, EPS, net income and more

Ambev S.A. (ADR) quarterly results: revenue, profit, and P&L – 13 quarter history

  • POSITIVE

    Quarterly Revenue Ambev S.A. (ADR) Jun-2026 Quarterly Revenue is $20,149 Million which is growth of 0.3% YoY.

  • POSITIVE

    Quarterly Net Profit Ambev S.A. (ADR) Jun-2026 Quarterly Net Profit is $3,387 Million which is growth of 24.6% YoY.

Ambev S.A. - ADR, Earnings Report - Quarterly Results, standalone, All financials are in BRL Million and price data in USD
IndicatorGraphJun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23
Operating Rev.
20,148.922,464.524,807.720,847.320,090.222,497.427,035.522,096.720,044.220,276.319,989.320,317.818,898.1
Cost Of Rev.
9,700.410,881.611,752.210,12010,046.110,945.712,523.510,972.610,06010,0599,301.310,2239,635.6
Gross Profit
10,448.511,582.913,055.410,727.310,044.111,551.714,511.911,124.19,984.210,217.310,68810,094.89,262.5
⌄
5,688.35,714.65,662.95,456.55,821.65,921.86,781.55,937.76,0285,390.94,983.65,275.25,770.1
Operating Profit
4,760.25,868.37,392.65,270.84,222.55,629.87,730.45,186.53,956.34,826.55,704.44,819.53,492.4
-144.2-168.9-235.5-162.4-136.6-23.3-51.3-204.5-209.1-162.3948.7-471.3-649.1
Profit Before Tax
4,339.24,931.55,931.85,213.93,419.74,856.36,910.64,669.63,431.84,475.44,726.64,059.72,371.9
Tax
864.51,045.91,402.3350.2629.11,051.71,8861,103.3979.9671.2198.244.7-225.8
⌄
3,386.93,768.34,346.64,745.12,717.73,6944,880.33,460.32,396.33,700.34,387.63,911.72,503
Diluted NI Avail to Com Stockholders Ann.
3,386.93,768.34,346.64,745.12,717.73,6944,880.33,460.32,396.33,700.34,387.63,911.72,503
Basic EPS
0.20.20.30.30.20.20.30.20.20.20.30.30.2
Diluted EPS After ExtraOrdinary
0.20.30.30.20.20.30.30.20.20.20.30.30.2
Number Of Shares End
15,513.715,61015,599.315,603.815,601.215,665.615,728.115,728.515,734.115,745.915,745.615,747.815,751.9
Net Income Continuing Discontinued Operations
3,386.93,768.34,346.64,745.12,717.73,6944,880.33,460.32,396.33,700.34,387.63,911.72,503
Normalized Income
3,404.54,582.14,619.13,843.12,832.74,075.15,4683,6232,459.14,024.74,526.64,0002,935.3
Interest Income
629.3566.6-48389.7249.5564.220.5502.5345.4585.9882.6438523
Interest
539.6615.7846.8719.7567.9586.3626.3575.4576.1620.4715.1674.6761.8
Net Interest Income
-144.2-168.9-235.5-162.4-136.6-23.3-51.3-204.5-209.1-162.3948.7-471.3-649.1
EBIT
4,249.54,980.66,826.55,543.93,738.14,878.57,516.44,742.63,662.54,509.94,559.14,296.32,610.8
EBITDA
5,780.66,584.18,643.67,143.25,440.56,591.79,560.36,472.85,382.46,142.26,072.15,967.74,314.7
Reconciled Cost Of Rev.
9,700.410,881.611,752.210,12010,046.110,945.712,523.510,972.610,06010,0599,301.310,2239,635.6
Reconciled Depr.
1,531.11,603.51,817.11,599.41,702.41,713.32,0441,730.31,719.91,632.31,5131,671.51,703.9
Profit From Continuing Operations
3,474.73,885.64,529.54,863.72,790.63,804.75,024.53,566.32,451.93,804.24,528.44,0152,597.8
Normalized EBITDA
6,6987,918.29,512.67,503.86,498.27,908.810,022.67,392.56,079.86,913.48,581.66,733.95,306
*All financials are in BRL Million and price data in USD

Ambev S.A. (ADR) competitor comparison and performance snapshot within industry

Ambev S.A. (ADR) annual results: revenue, profit, P&L, and margins as of Dec 2025 – 11 year history

  • NEGATIVE

    Annual Revenue Ambev S.A. (ADR) Dec-2025 Annual Revenue is $88,242 Million which is growth of -1.4% YoY.

  • POSITIVE

    Annual Net Profit Ambev S.A. (ADR) Dec-2025 Annual Net Profit is $15,503 Million which is growth of 7.4% YoY.

Ambev S.A. - ADR, Earnings Report - Annual Results, standalone, All financials are in BRL Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsTTMDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15
3.4%
8.6%
 88,242.589,452.779,736.979,708.872,854.358,37952,599.750,231.347,899.345,602.646,720.2
Cost Of Rev. Ann.
2%
9.6%
42,454.342,864.143,615.139,291.640,422.135,659.727,066.121,678.219,269.618,041.816,67816,061.4
Gross Profit Ann.
4.9%
7.7%
45,81445,378.445,837.640,445.339,286.737,194.631,312.930,921.530,961.729,857.528,924.630,658.8
Operating Exp. Ann.
1.8%
8.6%
22,522.323,055.824,330.821,672.621,88420,004.215,250.914,80614,392.713,738.213,367.611,956
Operating Profit Ann.
8.7%
6.8%
23,291.822,322.621,506.818,772.717,402.717,190.416,06216,115.516,56916,119.315,55718,702.8
-
-
-710.9-512.1-598.8-778.5-873-1,448-870.2-2,004.8-2,380-2,998.8-2,263.3-1,545.2
Other Exp. Ann.
-
-
 -2,388.8-1,420.7-2,958.3-2,294.1-1,983.2-1,697.4-1,167.6-1,022-190.7104.7-644.3
PBT Ann.
10.9%
7.6%
20,416.419,421.719,487.315,035.914,235.613,759.213,494.412,943.113,16712,929.813,398.416,513.4
Tax Ann.
-
14.3%
3,662.93,433.34,640.475.5-655.6636.61,762.5754.71,789.65,079.33153,634.2
⌄
2.4%
6.4%
16,246.915,503.414,437.214,501.914,457.912,67111,379.411,78011,024.77,33212,546.612,423.8
Diluted NI Avail to Com Stockholders Ann.
2.4%
6.4%
16,246.915,503.414,437.214,501.914,457.912,67111,379.411,78011,024.77,33212,546.612,423.8
EPS Ann.
3.6%
7.4%
 10.90.90.90.80.70.80.70.50.80.8
Diluted EPS Ann.
3.6%
7.4%
 10.90.90.90.80.70.70.70.50.80.8
Number Of Shares End
-0.3%
-0.2%
 15,599.315,728.115,745.615,740.515,748.315,740.115,73415,948.316,017.615,540.916,129.6
Total Exp. Ann.
1.9%
9.3%
 65,919.967,945.960,964.262,306.155,663.942,31736,484.233,662.331,78030,045.628,017.4
Net Income Continuing Discontinued Operations Ann.
2.4%
6.4%
16,246.915,503.414,437.214,501.914,457.912,67111,379.411,78011,024.77,33212,546.612,423.8
Normalized Income Ann.
-0.1%
4.9%
16,448.815,115.115,789.818,368.415,166.813,472.311,895.412,466.111,591.37,919.711,949.113,123
Interest Income Ann.
-14%
-9.1%
1,537.71,403.41,623.92,204.82,204.81,144.12,256.11,068454458.8513.6575.5
Interest Ann.
-2%
5.2%
2,721.82,720.72,398.22,815.72,892.81,837.42,112.61,8251,524.51,872.82,268.51,254.3
EBITDA Ann.
10.6%
8.3%
28,151.527,635.627,395.822,115.720,448.420,012.818,518.318,375.318,260.617,955.918,665.320,266.8
Reconciled Cost Of Rev. Ann.
2%
9.6%
42,454.342,864.143,615.139,291.640,422.135,659.727,066.121,678.219,269.618,041.816,67816,061.4
Reconciled Depr. Ann.
4.7%
5.7%
6,5516,832.17,126.46,415.25,956.35,396.75,167.44,675.24,023.13,612.13,5123,074.6
Profit From Continuing Operations Ann.
2.4%
6.4%
16,753.515,988.414,846.914,960.414,891.213,122.611,731.912,188.411,377.47,850.513,083.412,879.2
Normalized EBITDA Ann.
7.5%
7%
31,632.631,469.130,436.527,039.825,349.722,860.822,428.520,712.419,936.618,747.719,187.821,723.1
*All financials are in BRL Million and price data in USD
Total Rev. Ann.
1Y CHG
-1.4%
2Y CAGR
5.2%
3Y CAGR
3.4%
5Y CAGR
8.6%
7Y CAGR
8.4%
10Y CAGR
6.6%
Total Revenue Annual is falling faster than historical averages.
Net Profit Ann.
1Y CHG
7.4%
2Y CAGR
3.4%
3Y CAGR
2.4%
5Y CAGR
6.4%
7Y CAGR
5%
10Y CAGR
2.2%
Net Profit Annual growth is higher than historical averages.
Operating Exp. Ann.
1Y CHG
-5.2%
2Y CAGR
3.1%
3Y CAGR
1.8%
5Y CAGR
8.6%
7Y CAGR
7%
10Y CAGR
6.8%
Operating Expenses Annual Cr is falling faster than historical averages.

Ambev S.A. (ADR) balance sheet as of Dec 2025: assets, liabilities, reserves, and borrowings – 11 year history

  • NEGATIVE

    Total Shareholders Fund Ambev S.A. (ADR) Dec-2025 Total Shareholders Fund is $87,914 Million which is growth of -10.9% YoY.

  • NEGATIVE

    Total Assets Ambev S.A. (ADR) Dec-2025 Total Assets is $145,087 Million which is growth of -10.7% YoY.

Ambev S.A. - ADR, Balance Sheet, standalone, All financials are in BRL Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15
1.7%
3%
145,087.2162,508.3132,644.3137,958138,602.5125,196.3101,742.994,126.186,851.983,841.490,176.3
⌄
1%
2.4%
56,312.462,927.852,500.554,630.254,584.950,045.139,186.936,578.738,869.137,190.139,842.6
⌄
2.4%
3.6%
87,914.198,642.178,969.381,955.682,64373,815.761,27856,340.646,008.844,82548,331.9
Total Capitalization Ann.
2.3%
3.5%
88,17198,966.179,360.382,409.982,910.274,154.161,975.857,191.347,21646,557.750,618.4
Tangible Assets Ann.
3.2%
6.2%
35,33341,768.730,92432,139.431,542.726,211.619,961.716,223.89,932.29,067.912,286.6
Working Capital Ann.
-
-
-1,723.64,766.8-4,442-2,723.7-239.21,864.52,610.1501.3-3,970.5-4,886.8-1,827.4
Invested Capital Ann.
2.2%
2.9%
88,325.399,129.779,511.582,683.283,134.876,486.962,192.958,721.948,530.150,179.151,901.1
Tangible Book Value Ann.
3.2%
6.2%
35,33341,768.730,92432,139.431,542.726,211.619,961.716,223.89,932.29,067.912,286.6
Borrowings Ann.
-4.1%
-6.7%
3,386.93,452.73,501.13,8453,131.14,792.33,062.82,422.72,554.85,396.33,602
Net Debt Ann.
-
-
-----------
Share Issued Ann.
0%
0%
15,761.615,757.715,753.815,750.215,744.515,735.115,733.615,722.115,717.615,717.715,717.6
Number Of Shares End
-0.3%
-0.2%
15,599.315,728.115,745.615,740.515,748.315,740.115,73415,948.316,017.615,540.916,129.6
*All financials are in BRL Million and price data in USD
Total Assets Ann.
1Y CHG
-10.7%
2Y CAGR
4.6%
3Y CAGR
1.7%
5Y CAGR
3%
7Y CAGR
6.4%
10Y CAGR
4.9%
Total Assets Annual is falling faster than historical averages.
Total Current Liabilities Ann.
1Y CHG
-7.7%
2Y CAGR
5.5%
3Y CAGR
4%
5Y CAGR
6.4%
7Y CAGR
9.1%
10Y CAGR
4.2%
Total Current Liabilities Annual Cr is falling faster than historical averages.
Total ShareHolders Funds Ann.
1Y CHG
-10.9%
2Y CAGR
5.5%
3Y CAGR
2.4%
5Y CAGR
3.6%
7Y CAGR
6.6%
10Y CAGR
6.2%
Total ShareHolders Funds Annual is falling faster than historical averages.

Ambev S.A. (ADR) ROE, ROCE, book value, and debt-to-equity ratio as of Dec 2025 – 11 year history

  • POSITIVE

    Book Value Per Share Ambev S.A. (ADR) Book Value Per Share is $1 which is growth of 1.6% YoY.

  • NEUTRAL

    ROE Ambev S.A. (ADR) ROE is 0% which is growth of 0% YoY.

Ambev S.A. - ADR, Ratios, standalone, All financials are in BRL Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15
RoA Ann. %
-
-
-9.78%10.72%10.46%9.61%10.03%12.03%12.18%8.59%14.42%15.31%
ROE Ann. %
-
-
-16.26%18.02%17.57%16.20%16.85%20.03%21.54%16.14%26.94%27.44%
ROIC %
-
-
-5.24.85.84.34.76.45.86.710.38.3
OPM Ann. %
5%
-1.7%
25.30%24.04%23.54%21.83%23.60%27.51%30.64%32.99%33.65%34.11%40.03%
Inventory Turnover Ratio Ann.
-
-
-4.23.63.54.14.244.24.44.14.4
Asset Turnover Ann. %
-
-
-0.60.60.60.60.50.50.60.60.50.6
Working Capital Turnover Ann.
-
-
-51.218.8-18-29.3-304.631.320.2100.2-12.1-9.3-25.6
Quick Ratio Ann.
-
-
-0.80.60.60.70.80.80.80.70.60.7
Current Ratio Ann.
-
-
-1.10.90.911.11.110.90.80.9
Interest Coverage Ratio Ann.
-
-
-9.16.35.98.57.48.19.67.96.914.2
LT Debt To Equity Ann.
-
-
-0000000000.1
*All financials are in BRL Million and price data in USD

Ambev S.A. (ADR) cash flow: net, operating, investing, and financing flows as of Dec 2025 – 11 year history

  • NEGATIVE

    Cash From Operating Activity Ambev S.A. (ADR) Dec-2025 Cash From Operating Activity is $24,450 Million which is growth of -6.3% YoY.

  • NEGATIVE

    Net Cash Flow Ambev S.A. (ADR) Dec-2025 Net Cash Flow is $-7,271 Million which is growth of -170.7% YoY.

Ambev S.A. - ADR, Cash Flow, standalone, All financials are in BRL Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15
5.8%
5.3%
24,450.426,098.824,711.420,642.122,901.318,855.818,381.317,911.217,874.112,344.423,580.8
-
-
-4,950.1-5,463.4-5,766-5,004.2-7,735-6,799.6-4,838.6-3,675.7-3,073-5,898-5,997
-
-
-26,771.5-10,352-16,115.2-16,337.8-16,042-8,602-12,283.5-13,221.6-12,864.2-11,645.1-15,327.9
Cash Plus Cash Eqv. End Of Year Ann.
7.9%
1.7%
18,638.228,595.716,05914,852.116,597.217,090.311,900.711,463.510,352.77,876.813,617.7
Net Increase In Cash Plus Cash Eqv.s Ann.
-
-
-7,271.210,283.42,830.2-699.9-875.73,454.21,259.21,013.91,936.9-5,198.72,256
Cash Plus Cash Eqv. Begin Of Year Ann.
19.9%
19.2%
28,595.716,05914,852.116,597.217,090.311,900.711,463.510,352.77,876.813,617.79,623
Income Tax Paid Supplemental Data Ann.
-
-
-----------
Interest Paid Supplemental Data Ann.
-
-
-----------
Capex Ann.
-
-
-4,590.5-4,749.1-6,004.1-6,533.1-7,677.1-4,692.7-5,069.4-3,571-3,203.6-4,132.7-5,261.2
Issuance Of Capital Stock Ann.
-
-
-17.514.5--12.813.50.49.9
Issuance Of Debt Ann.
-42.9%
-57.7%
51.1489.149.8274.9315.23,767.9946.12,304.92,904.43,7924,964.6
Repayment Of Debt Ann.
-
-
-1,329.8-1,935.4-1,407.5-1,084.9-3,117.2-2,541.4-2,889.9-2,512.1-5,450.7-1,899.1-5,661.1
Repurchase Of Capital Stock Ann.
-
-
-1,925.7-467.6-119---7.4-32.1--38.6--824.2
Free Cash Flow Ann.
12.1%
7%
19,859.921,349.718,707.314,10915,224.214,163.113,311.914,340.214,670.58,211.718,319.6
*All financials are in BRL Million and price data in USD
Cash from Operating Act. Ann.
1Y CHG
-6.3%
2Y CAGR
-0.5%
3Y CAGR
5.8%
5Y CAGR
5.3%
7Y CAGR
4.5%
10Y CAGR
0.4%
Cash from Operating Activity Annual is falling faster than historical averages.