Ambev (ABEV) Change in Taxes (2012 - 2025)

Ambev (ABEV) reported Change in Taxes of $260.1 million for Q4 2025, up 180.14% on a YoY basis from $92.8 million in Q4 2024, and up 504.68% quarter-over-quarter from -$64.3 million in Q3 2025.

Ambev (ABEV) Change in Taxes (2012 - 2025) Analysis & Trends

Ambev has reported Change in Taxes for 14 years, with the latest figure at $260.1 million in Q4 2025.

  • For the quarter ending Q4 2025, Change in Taxes rose 180.14% year-over-year to $260.1 million; the trailing twelve-month figure through Dec 2025 stood at $486.4 million (up 144.9% YoY), and the FY2025 full-year result was $636.8 million, down 20.25% from the prior year.
  • Change in Taxes for Q4 2025 stood at $260.1 million, up from -$64.3 million in the prior quarter.
  • The five-year high for Change in Taxes was $260.1 million in Q4 2025, with the low at -$324.5 million in Q4 2024.
  • Historically, Change in Taxes has averaged $22.7 million across 5 years, with a median of $22.3 million in 2021.
  • The largest YoY upside for Change in Taxes was 2073.18% in 2024 against a maximum downside of 910.59% in 2024.
  • Ambev's Change in Taxes stood at $64.0 million in 2021, then tumbled by 324.37% to -$143.7 million in 2022, then surged by 127.86% to $40.0 million in 2023, then slumped by 910.59% to -$324.5 million in 2024, then surged by 180.14% to $260.1 million in 2025.
  • The last three Change in Taxes figures came in at $260.1 million (Q4 2025), -$64.3 million (Q3 2025), and $111.1 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Taxes (Qtr)
1 United Breweries 4,105.18 Bn 3,586.00 Bn 387.52 Bn -
2 Anheuser-Busch InBev 143.88 Bn 131.66 Bn 8.61 Bn -720.00
3 Ambev 35.18 Bn 31.41 Bn 2.42 Bn 260.09 Mn
4 Constellation Brands 26.02 Bn 25.92 Bn 951.70 Mn -
5 Mexican Economic Development 19.03 Bn 13.06 Bn - -
6 Molson Coors Beverage 7.85 Bn 7.59 Bn 897.20 Mn -
7 Boston Beer 1.90 Bn 1.74 Bn 213.96 Mn -7.89 Mn
8 NFiniTi - - - -
9 Molson Coors Beverage - - 897.20 Mn -
10 Anheuser-Busch InBev - - 8.61 Bn -720.00

Historic Data

Download Data
DateValue
Dec 31, 2025 260.09 Mn
Dec 31, 2025 260.09 Mn
Sep 30, 2025 -64.27 Mn
Sep 30, 2025 -64.27 Mn
Jun 30, 2025 111.12 Mn
Jun 30, 2025 111.12 Mn
Mar 31, 2025 179.48 Mn
Mar 31, 2025 179.48 Mn
Dec 31, 2024 -324.53 Mn
Dec 31, 2024 -324.53 Mn
Sep 30, 2024 198.97 Mn
Sep 30, 2024 198.97 Mn
Jun 30, 2024 188.45 Mn
Jun 30, 2024 188.45 Mn
Mar 31, 2024 135.73 Mn
Mar 31, 2024 135.73 Mn
Dec 31, 2023 40.04 Mn
Dec 31, 2023 40.04 Mn
Sep 30, 2023 9.16 Mn
Sep 30, 2023 9.16 Mn