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Ambev (ABEV) Financials

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$3.40 +0.03 (+0.74%)
As of 12:50 PM Eastern
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Annual Income Statements for Ambev

Annual Income Statements for Ambev

This table shows Ambev's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 3,138 3,857 2,195 2,833 2,931 2,191 2,273 2,735 6,167 4,802 5,838
Consolidated Net Income / (Loss)		 3,253 4,022 2,351 2,924 3,033 2,259 2,354 2,817 6,167 4,802 5,838
Net Income / (Loss) Continuing Operations		 3,253 4,022 2,351 2,924 3,033 2,259 2,468 2,532 6,167 4,802 5,838
Total Pre-Tax Income 		4,171 4,119 3,875 3,382 3,220 2,598 2,468 2,693 3,099 3,151 3,546
Total Operating Income		 4,743 5,258 4,997 4,420 4,000 3,075 3,064 3,346 3,392 3,332 3,945
Total Gross Profit		 7,743 8,891 9,019 7,984 7,546 6,028 6,672 7,432 8,336 7,412 8,285
Total Revenue		 11,800 14,018 14,462 12,945 12,940 11,239 13,068 15,079 16,915 14,907 16,722
Operating Revenue		 11,800 14,018 14,462 12,945 12,940 11,239 13,068 15,079 16,915 14,907 16,722
Total Cost of Revenue		 4,057 5,127 5,443 4,961 5,394 5,211 6,396 7,647 12,855 10,969 12,151
Operating Cost of Revenue		 4,057 5,127 5,443 4,961 5,394 5,211 6,396 7,647 12,855 10,969 12,151
Total Operating Expenses		 3,001 3,633 3,990 3,564 3,546 2,953 3,608 4,086 669 605 626
Selling, General & Admin Expense		 576 666 791 609 667 568 875 991 1,087 1,003 1,070
Other Operating Expenses / (Income)		 1,075 1,146 1,503 1,455 1,462 1,159 1,471 1,707 -418 -397 -445
Total Other Income / (Expense), net		 -572 -1,139 -1,122 -1,038 -779 -477 -596 -814 2,791 2,220 2,520
Interest Expense		 900 1,413 1,333 1,207 1,181 1,045 974 1,351 160 115 330
Interest & Investment Income		 327 275 212 169 408 577 399 542 2,989 2,335 2,831
Other Income / (Expense), net		 0.78 -1.54 -0.94 0.26 -5.55 -8.34 -21 -5.51 -38 0.63 19
Income Tax Expense		 918 97 1,524 457 188 339 - - 16 750 627
Basic Earnings per Share		 $0.79 $0.80 $0.14 $0.70 $0.75 $0.72 $0.81 $0.17 $0.19 $0.15 $0.18
Weighted Average Basic Shares Outstanding		 - - 15.71B 15.72B 15.73B 15.73B 15.74B 15.75B 15.75B 15.76B 15.76B
Diluted Earnings per Share		 $0.79 $0.79 $0.14 $0.69 $0.74 $0.72 $0.80 $0.17 $0.19 $0.15 $0.18
Weighted Average Diluted Shares Outstanding		 - - 15.71B 15.72B 15.73B 15.73B 15.74B 15.75B 15.75B 15.76B 15.76B
Weighted Average Basic & Diluted Shares Outstanding		 - - 15.71B 15.72B 15.73B 15.73B 15.74B 15.75B 15.75B 15.76B 15.76B

Quarterly Income Statements for Ambev

No quarterly income statements for Ambev are available.

Annual Cash Flow Statements for Ambev

This table details how cash moves in and out of Ambev's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 7,567 5,625 7,659 4,694 6,042 6,026 5,466 4,433 5,836 7,684 5,202
Net Cash From Operating Activities		 9,255 6,865 9,393 4,728 7,651 6,675 7,223 5,652 7,106 8,461 6,065
Net Cash From Continuing Operating Activities		 9,255 6,865 9,393 4,702 7,651 6,675 7,223 5,652 7,106 8,461 6,065
Net Income / (Loss) Continuing Operations		 3,253 4,022 2,351 2,924 3,033 2,259 2,354 2,817 3,083 2,401 2,919
Consolidated Net Income / (Loss)		 3,253 4,022 2,351 2,924 3,033 2,259 2,354 2,817 3,083 2,401 2,919
Depreciation Expense		 777 1,080 1,219 1,146 1,163 995 968 1,127 1,323 1,152 1,247
Non-Cash Adjustments To Reconcile Net Income		 3,120 2,019 4,411 1,039 3,103 2,658 2,621 1,756 3,013 3,909 1,561
Changes in Operating Assets and Liabilities, net		 2,106 -255 1,412 -407 352 763 1,280 -48 -314 999 337
Net Cash From Investing Activities		 -1,515 -1,823 -968 -947 -1,259 -981 -1,373 -1,228 -1,233 -758 -840
Net Cash From Continuing Investing Activities		 -1,515 -1,823 -968 -34 -1,259 -981 -1,373 -1,228 -1,233 -758 -840
Purchase of Property, Plant & Equipment		 -1,329 -1,270 -967 - -1,261 -903 -1,377 -1,236 -1,237 -768 -838
Acquisitions		 -306 -561 -101 -34 -24 -83 -24 -0.57 -9.58 1.67 -17
Sale of Property, Plant & Equipment		 18 19 16 - 29 5.62 29 8.53 14 7.97 15
Net Cash From Financing Activities		 -174 583 -766 -3,519 -350 332 -384 8.46 -37 -19 -23
Net Cash From Continuing Financing Activities		 -174 583 -766 0.00 -350 332 -384 8.46 -37 -19 -23
Repayment of Debt		 -1,428 -583 -1,643 - -585 -393 -440 -44 -47 -98 -32
Issuance of Debt		 1,254 1,166 877 - 235 725 57 52 10 79 9.33
Cash Interest Paid		 65 223 218 - 101 148 89 156 137 120 162
Cash Interest Received		 166 184 102 - 135 62 68 207 257 264 247
Cash Income Taxes Paid		 537 1,642 651 - 506 316 234 174 335 585 765

Quarterly Cash Flow Statements for Ambev

No quarterly cash flow statements for Ambev are available.

Annual Balance Sheets for Ambev

This table presents Ambev's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 1/1/2018 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 25,772 26,693 24,666 25,315 24,103 24,862 26,099 27,338 26,279 26,490
Total Current Assets		 6,662 6,693 5,645 6,067 6,290 6,307 6,408 6,533 7,729 6,791
Cash & Equivalents		 2,421 3,126 2,954 2,961 3,290 2,983 2,824 3,310 4,624 3,403
Short-Term Investments		 119 40 41 44 368 378 127 57 201 307
Accounts Receivable		 1,343 1,330 1,257 1,119 828 859 1,012 1,183 1,014 1,160
Inventories, net		 1,336 1,304 1,392 1,488 1,464 1,973 2,445 1,982 1,890 1,921
Plant, Property, & Equipment, net		 5,888 6,251 5,718 5,617 4,768 5,242 5,686 5,488 4,879 5,047
Plant, Property & Equipment, gross		 5,888 6,251 5,718 5,617 4,768 5,242 5,686 5,488 4,879 5,047
Total Noncurrent Assets		 13,222 13,749 13,113 13,631 13,044 13,313 14,005 15,267 11,615 12,544
Long-Term Investments		 92 72 66 75 65 55 63 60 64 89
Goodwill		 9,379 9,481 8,833 8,711 7,705 7,608 7,680 7,832 7,171 7,584
Noncurrent Deferred & Refundable Income Taxes		 1,028 1,645 2,074 2,537 3,134 3,416 3,899 4,685 3,683 4,049
Employee Benefit Assets		 10 18 - 14 6.47 5.00 11 12 11 5.46
Other Noncurrent Operating Assets		 1,100 1,122 635 724 674 672 609 609 685 817
Total Liabilities & Shareholders' Equity		 25,772 26,693 24,666 25,315 24,103 24,862 26,099 27,338 26,279 26,490
Total Liabilities		 11,432 12,333 9,860 9,750 9,635 9,791 10,335 10,820 10,176 10,282
Total Current Liabilities		 7,600 8,591 6,496 7,232 7,111 7,408 6,303 6,473 6,545 6,481
Short-Term Debt		 1,659 1,368 1,057 762 923 556 713 722 558 618
Accounts Payable		 3,414 3,632 3,653 3,827 3,849 4,609 4,699 4,844 4,132 4,392
Dividends Payable		 527 537 208 238 473 256 277 315 1,372 900
Current Employee Benefit Liabilities		 211 316 - 207 178 438 442 439 450 402
Other Current Nonoperating Liabilities		 263 116 - 116 88 31 172 155 33 169
Total Noncurrent Liabilities		 3,832 3,742 2,250 2,519 2,524 2,383 2,291 2,171 1,905 1,927
Noncurrent Deferred & Payable Income Tax Liabilities		 716 703 625 590 586 577 705 684 810 714
Noncurrent Employee Benefit Liabilities		 657 698 587 673 682 573 409 415 362 367
Other Noncurrent Operating Liabilities		 2,451 2,340 1,038 1,256 1,256 1,140 1,163 1,070 732 845
Other Noncurrent Nonoperating Liabilities		 8.30 0.72 - 0.02 0.00 88 0.00 2.41 1.08 0.05
Total Equity & Noncontrolling Interests		 14,340 14,361 15,183 15,565 14,468 15,071 15,764 16,517 16,103 16,209
Total Preferred & Common Equity		 13,779 13,765 14,872 15,247 14,211 14,824 15,504 16,275 15,951 16,052
Total Common Equity		 13,779 13,765 14,495 15,247 14,211 14,824 15,504 16,275 15,951 16,052
Common Stock		 17,710 17,395 14,872 14,398 11,147 10,411 10,997 11,990 9,416 10,640
Other Equity Adjustments		 -3,931 -3,523 - 849 3,064 4,413 4,507 4,285 6,536 5,412
Noncontrolling Interest		 561 596 311 318 257 247 260 242 152 157

Quarterly Balance Sheets for Ambev

No quarterly balance sheets for Ambev are available.

Annual Metrics And Ratios for Ambev

This table displays calculated financial ratios and metrics derived from Ambev's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 15,761,638,756.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 15,761,638,756.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.37
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 3,699 5,134 3,032 3,822 3,767 2,673 3,064 3,346 3,881 3,526 3,248
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 20.29% 22.51% 21.16% 19.30%
Earnings before Interest and Taxes (EBIT)		 4,744 5,256 4,997 4,420 3,994 3,067 3,043 3,341 3,843 3,526 3,965
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 5,520 6,336 6,215 5,567 5,157 4,061 4,011 4,467 5,166 4,679 5,212
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -9,030 4,052 3,580 3,553 4,046 2,699 271 3,138 5,061 2,234
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 0.00 14,165 13,144 13,387 13,600 12,227 12,592 15,667 16,410 14,875 13,863
Increase / (Decrease) in Invested Capital		 0.00 14,165 -1,020 242 213 -1,373 365 3,075 743 -1,535 1,014
Book Value per Share		 $0.00 $0.00 $0.88 $0.92 $0.97 $0.90 $0.94 $0.99 $1.03 $1.01 $1.02
Tangible Book Value per Share		 $0.00 $0.00 $0.18 $0.26 $0.32 $0.32 $0.36 $0.39 $0.40 $0.43 $0.54
Total Capital		 0.00 15,999 15,729 16,241 16,327 15,391 15,632 16,491 17,239 16,661 16,827
Total Debt		 0.00 1,659 1,368 1,057 762 923 562 727 722 558 618
Total Long-Term Debt		 0.00 0.00 0.54 0.00 0.00 0.00 5.47 14 0.00 0.00 0.00
Net Debt		 0.00 -974 -1,870 -2,004 -2,319 -2,801 -2,854 -2,287 -2,705 -4,331 -3,180
Capital Expenditures (CapEx)		 1,311 1,251 951 0.00 1,232 898 1,349 1,227 1,223 760 823
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -1,819 -3,697 -2,790 -3,408 -3,557 -3,906 -2,133 -2,586 -3,083 -2,782
Debt-free Net Working Capital (DFNWC)		 0.00 721 -530 206 -402 102 -545 818 781 1,742 928
Net Working Capital (NWC)		 0.00 -938 -1,898 -851 -1,164 -821 -1,102 105 59 1,184 310
Net Nonoperating Expense (NNE)		 446 1,113 681 898 734 415 710 529 798 1,125 -2,590
Net Nonoperating Obligations (NNO)		 0.00 -176 -1,216 -1,796 -1,965 -2,241 -2,479 -97 -107 -1,228 -2,346
Total Depreciation and Amortization (D&A)		 777 1,080 1,219 1,146 1,163 995 968 1,127 1,323 1,152 1,247
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.47 $0.70 $0.19 $0.72 $0.81 $0.92 $0.92 $0.15 $0.18
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 15.71B 15.72B 15.73B 15.73B 15.74B 15.75B 15.75B 15.76B 15.76B
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.46 $0.70 $0.18 $0.72 $0.80 $0.91 $0.92 $0.15 $0.18
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 15.71B 15.72B 15.73B 15.73B 15.74B 15.75B 15.75B 15.76B 15.76B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 15.71B 15.72B 15.73B 15.73B 15.74B 15.75B 15.75B 15.76B 15.76B
Normalized Net Operating Profit after Tax (NOPAT)		 3,699 5,134 3,033 3,844 3,767 2,673 2,145 2,342 2,717 2,468 3,248
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Ambev

No quarterly metrics and ratios for Ambev are available.


Financials Breakdown Chart

Frequently Asked Questions About Ambev's Financials

When does Ambev's fiscal year end?

According to the most recent income statement we have on file, Ambev's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has Ambev's net income changed over the last 10 years?

Ambev's net income appears to be on an upward trend, with a most recent value of $5.84 billion in 2025, rising from $3.25 billion in 2015. The previous period was $4.80 billion in 2024. See Ambev's forecast for analyst expectations on what’s next for the company.

What is Ambev's operating income?
Ambev's total operating income in 2025 was $3.95 billion, based on the following breakdown:
  • Total Gross Profit: $8.29 billion
  • Total Operating Expenses: $625.71 million
How has Ambev's revenue changed over the last 10 years?

Over the last 10 years, Ambev's total revenue changed from $11.80 billion in 2015 to $16.72 billion in 2025, a change of 41.7%.

How much debt does Ambev have?

Ambev's total liabilities were at $10.28 billion at the end of 2025, a 1.0% increase from 2024, and a 10.1% decrease since 2016.

How much cash does Ambev have?

In the past 9 years, Ambev's cash and equivalents has ranged from $2.42 billion in 2016 to $4.62 billion in 2024, and is currently $3.40 billion as of their latest financial filing in 2025.

How has Ambev's book value per share changed over the last 10 years?

Over the last 10 years, Ambev's book value per share changed from 0.00 in 2015 to 1.02 in 2025, a change of 101.9%.


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Financial statements for NYSE:ABEV last updated on 3/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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