ABEV on NYSE

AmBev

Logo: Ambev, Public domain, via Wikimedia Commons4

Brazilian brewing company

Ambev, formally Companhia de Bebidas das Américas and Companhia Brasileira de Bebidas, is a Brazilian brewing company now merged into Anheuser-Busch InBev. Its name translates to "The Americas Beverage Company", hence the "Ambev" abbreviation.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

88.2BRevenue, fiscal 20255
16.0BNet income, fiscal 20255
1999Founded1

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  • TickerABEV on NYSE1
  • Industrybeverage industry1
  • HeadquartersSão Paulo1
  • Websitewww.ambev.com.br
  • Legal formS.A.1
  • Listed onNew York Stock Exchange (ABEV), São Paulo Stock Exchange (ABEV3)1
  • Incorporated inBrazil6
  • Business addressRua Dr. Renato Paes De Barros, 1017, 3 Andar Parte, Sao Paulo6
  • Filer categoryLarge accelerated filer6

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Ambev, formally Companhia de Bebidas das Américas and Companhia Brasileira de Bebidas, is a Brazilian brewing company now merged into Anheuser-Busch InBev. Its name translates to "The Americas Beverage Company", hence the "Ambev" abbreviation. It was created on July 1, 1999, with the merger of two breweries, Brahma and Antarctica. The merger was approved by the board of directors of the Brazilian Administrative Council for Economic Defense (CADE) on March 30, 2000. The organization's headquarters are in São Paulo, Brazil. It is one of the largest companies by market capitalization in Brazil and in the Southern Hemisphere. Belonging to the Anheuser-Busch InBev group, it is the largest beer manufacturer in the world. It controls about 69% of the Brazilian beer market, is the 11th largest company in the country in net revenue and is a manufacturer of soft drinks, energy drinks, juices, teas, and mineral water.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in BRL, the currency the company reports in.

Key numbers, fiscal 2025

51.4%Gross margin5
26.4%Operating margin5
18.1%Net margin5
-1.4%Revenue growth, 20255
18.0%Return on equity5
19.9B BRLFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs82¢72.3B BRL
  • Profit18¢16.0B BRL

Out of 88.2B BRL in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending19¢4.6B BRL
  • Kept or used elsewhere81¢19.9B BRL

Out of 24.5B BRL of cash from operations.5

Financial statements

Revenue7891011588.2B BRL in 2025+76% since 2018
025.0B BRL50.0B BRL75.0B BRL100.0B BRL2018: 50.2B BRL50.2B BRL20182019: 52.0B BRL52.0B BRL2019+4%2020: 58.4B BRL58.4B BRL2020+12%2021: 72.9B BRL72.9B BRL2021+25%2022: 79.7B BRL79.7B BRL2022+9%2023: 79.7B BRL79.7B BRL2023+0%2024: 89.5B BRL89.5B BRL2024+12%2025: 88.2B BRL88.2B BRL2025−1%
Gross profit7891011545.4B BRL in 2025+46% since 2018
020.0B BRL40.0B BRL60.0B BRL2018: 31.0B BRL31.0B BRL20182019: 30.3B BRL30.3B BRL2019−2%2020: 31.3B BRL31.3B BRL2020+3%2021: 37.2B BRL37.2B BRL2021+19%2022: 39.3B BRL39.3B BRL2022+6%2023: 40.4B BRL40.4B BRL2023+3%2024: 45.8B BRL45.8B BRL2024+13%2025: 45.4B BRL45.4B BRL2025−1%
Operating income7891011523.3B BRL in 2025+36% since 2018
010.0B BRL20.0B BRL30.0B BRL2018: 17.2B BRL17.2B BRL20182019: 16.1B BRL16.1B BRL2019−6%2020: 16.0B BRL16.0B BRL2020−1%2021: 17.1B BRL17.1B BRL2021+7%2022: 17.7B BRL17.7B BRL2022+4%2023: 18.8B BRL18.8B BRL2023+6%2024: 21.8B BRL21.8B BRL2024+16%2025: 23.3B BRL23.3B BRL2025+7%
Net income7891011516.0B BRL in 2025+41% since 2018
05.0B BRL10.0B BRL15.0B BRL20.0B BRL2018: 11.3B BRL11.3B BRL20182019: 12.2B BRL12.2B BRL2019+7%2020: 11.7B BRL11.7B BRL2020−4%2021: 13.1B BRL13.1B BRL2021+12%2022: 14.9B BRL14.9B BRL2022+13%2023: 15.0B BRL15.0B BRL2023+0%2024: 14.8B BRL14.8B BRL2024−1%2025: 16.0B BRL16.0B BRL2025+8%

Every line of the income statement in the latest annual report, as filed.5

Period ending2025-12-312024-12-312023-12-31
Net sales88.2B BRL89.5B BRL79.7B BRL
Cost of sales-42.9B BRL-43.6B BRL-39.3B BRL
Gross profit45.4B BRL45.8B BRL40.4B BRL
Distribution expenses-10.9B BRL-11.6B BRL-10.8B BRL
Commercial expenses-8.3B BRL-8.6B BRL-7.4B BRL
Administrative expenses-5.9B BRL-6.2B BRL-5.3B BRL
Other operating income/(expenses)2.4B BRL2.5B BRL2.0B BRL
Exceptional items643.3M BRL-100.8M BRL-206.4M BRL
Income from operations23.3B BRL21.8B BRL18.8B BRL
Finance income2.2B BRL2.4B BRL2.1B BRL
Finance expenses-4.4B BRL-4.0B BRL-4.9B BRL
Other net financial results-1.8B BRL-713.6M BRL-776.5M BRL
Net financial results-4.0B BRL-2.3B BRL-3.6B BRL
Share of results of associates and joint ventures105.8M BRL3.9M BRL-185.3M BRL
Income before income tax19.4B BRL19.5B BRL15.0B BRL
Income tax expenses-3.4B BRL-4.6B BRL-75.5M BRL
Net income16.0B BRL14.8B BRL15.0B BRL
Equity holders of Ambev15.5B BRL14.4B BRL14.5B BRL
Non-controlling interest485.0M BRL409.7M BRL458.5M BRL
Net income16.0B BRL14.8B BRL15.0B BRL
Basic earnings per share common R$0.99 BRL0.92 BRL0.92 BRL
Diluted earnings per share common R$0.99 BRL0.91 BRL0.92 BRL

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The story

Founded by Beto Sicupira in 1999.1

Leadership

Who has led AmBev, and when. Pick a name to see everywhere that person has worked.

Products and brands

  • beer

Listed on Wikidata.1

Subsidiaries and ownership

Parent company

Owners

Subsidiaries

  • Baré
  • Fábricas Nacionales de Cerveza

From Wikidata.1

Former names

  • InBev Corporate Holdings Inc.Dec 20, 2012 to Mar 20, 20136

Timeline

  1. 1999Founded Founded1

Recent filings

  1. Oct 14, 20266-K
  2. Oct 9, 20266-K
  3. Oct 9, 20266-K
  4. Oct 8, 20264
  5. Sep 11, 20263
  6. Sep 9, 20266-K
  7. Sep 9, 20266-K
  8. Aug 14, 20266-K
  9. Aug 14, 20266-K
  10. Aug 14, 20266-K
  11. Aug 10, 20266-K
  12. Aug 10, 20266-K
  13. Jul 31, 20264
  14. Jul 31, 20266-K
  15. Jul 30, 20266-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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