Ambev (ABEV) Cost of Revenue (2012 - 2025)
Ambev posted quarterly Cost of Revenue of $2.2 billion for Q4 2025, up 1.16% year-on-year from $2.2 billion in Q4 2024, and up 17.36% on a QoQ basis from $1.9 billion in Q3 2025.
Ambev (ABEV) has 14 years of Cost of Revenue data on file, last reported at $2.2 billion in Q4 2025.
- For the quarter ending Q4 2025, Cost of Revenue rose 1.16% year-over-year to $2.2 billion; the trailing twelve-month figure through Dec 2025 stood at $7.7 billion (down 5.22% YoY), and the FY2025 full-year result was $8.0 billion, up 5.94% from the prior year.
- Cost of Revenue for Q4 2025 stood at $2.2 billion, up from $1.9 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $2.2 billion in Q4 2025 and bottomed at $1.5 billion in Q1 2021.
- The 5-year median for Cost of Revenue is $1.9 billion (2024), against an average of $1.9 billion.
- The widest annual swing landed in 2021, when Cost of Revenue soared 38.32%; it then fell 10.02% in 2023.
- A 5-year view of Cost of Revenue shows it stood at $1.9 billion in 2021, then increased by 10.97% to $2.1 billion in 2022, then slipped by 10.02% to $1.9 billion in 2023, then rose by 14.7% to $2.2 billion in 2024, then grew by 1.16% to $2.2 billion in 2025.
- The last three Cost of Revenue figures came in at $2.2 billion (Q4 2025), $1.9 billion (Q3 2025), and $1.8 billion (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,105.18 Bn | 3,730.53 Bn | 387.52 Bn | 435.49 Bn |
| 2 | Anheuser-Busch InBev | 144.87 Bn | 132.65 Bn | 8.61 Bn | 6,943.00 |
| 3 | Mexican Economic Development | 102.46 Bn | 96.50 Bn | - | - |
| 4 | Constellation Brands | 26.22 Bn | 26.12 Bn | 951.70 Mn | 968.50 Mn |
| 5 | Ambev | 9.36 Bn | 5.68 Bn | 2.42 Bn | 2.18 Bn |
| 6 | Molson Coors Beverage | 8.04 Bn | 7.77 Bn | 897.20 Mn | 1.45 Bn |
| 7 | Boston Beer | 1.99 Bn | 1.83 Bn | 213.96 Mn | 140.08 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 2.18 Bn |
| Dec 31, 2025 | 2.18 Bn |
| Sep 30, 2025 | 1.86 Bn |
| Sep 30, 2025 | 1.86 Bn |
| Jun 30, 2025 | 1.77 Bn |
| Jun 30, 2025 | 1.77 Bn |
| Mar 31, 2025 | 1.87 Bn |
| Mar 31, 2025 | 1.87 Bn |
| Dec 31, 2024 | 2.15 Bn |
| Dec 31, 2024 | 2.15 Bn |
| Sep 30, 2024 | 1.98 Bn |
| Sep 30, 2024 | 1.98 Bn |
| Jun 30, 2024 | 1.93 Bn |
| Jun 30, 2024 | 1.93 Bn |
| Mar 31, 2024 | 2.03 Bn |
| Mar 31, 2024 | 2.03 Bn |
| Dec 31, 2023 | 1,878,834.84 Bn |
| Dec 31, 2023 | 1,878,834.84 Bn |
| Sep 30, 2023 | 2.09 Bn |
| Sep 30, 2023 | 2.09 Bn |
| Jun 30, 2023 | 1.95 Bn |
| Jun 30, 2023 | 1.95 Bn |
| Mar 31, 2023 | 1.95 Bn |
| Mar 31, 2023 | 1.95 Bn |
| Dec 31, 2022 | 2.09 Bn |
| Dec 31, 2022 | 2.09 Bn |
| Sep 30, 2022 | 2.03 Bn |
| Sep 30, 2022 | 2.03 Bn |
| Jun 30, 2022 | 1.91 Bn |
| Jun 30, 2022 | 1.91 Bn |
| Mar 31, 2022 | 1.80 Bn |
| Mar 31, 2022 | 1.80 Bn |
| Dec 31, 2021 | 1.88 Bn |
| Dec 31, 2021 | 1.88 Bn |
| Sep 30, 2021 | 1.77 Bn |
| Sep 30, 2021 | 1.77 Bn |
| Jun 30, 2021 | 1.50 Bn |
| Jun 30, 2021 | 1.50 Bn |
| Mar 31, 2021 | 1.46 Bn |
| Mar 31, 2021 | 1.46 Bn |
| Dec 31, 2020 | 1.52 Bn |
| Dec 31, 2020 | 1.52 Bn |
| Sep 30, 2020 | 1.38 Bn |
| Sep 30, 2020 | 1.38 Bn |
| Jun 30, 2020 | 1.08 Bn |
| Jun 30, 2020 | 1.08 Bn |
| Mar 31, 2020 | 1.28 Bn |
| Mar 31, 2020 | 1.28 Bn |
| Dec 31, 2019 | 5,268.68 Bn |
| Dec 31, 2019 | 5,268.68 Bn |
| Sep 30, 2019 | 1.32 Bn |
| Sep 30, 2019 | 1.32 Bn |
| Jun 30, 2019 | 1.27 Bn |
| Jun 30, 2019 | 1.27 Bn |
| Mar 31, 2019 | 1.36 Bn |
| Mar 31, 2019 | 1.36 Bn |
| Dec 31, 2018 | 1.59 Bn |
| Dec 31, 2018 | 1.59 Bn |
| Sep 30, 2018 | 1.11 Bn |
| Sep 30, 2018 | 1.11 Bn |
| Jun 30, 2018 | 1.22 Bn |
| Jun 30, 2018 | 1.22 Bn |
| Mar 31, 2018 | 1.37 Bn |
| Mar 31, 2018 | 1.37 Bn |
| Dec 31, 2017 | 1.54 Bn |
| Dec 31, 2017 | 1.54 Bn |
| Sep 30, 2017 | 1.42 Bn |
| Sep 30, 2017 | 1.42 Bn |
| Jun 30, 2017 | 1.26 Bn |
| Jun 30, 2017 | 1.26 Bn |
| Mar 31, 2017 | 1.44 Bn |
| Mar 31, 2017 | 1.44 Bn |
| Dec 31, 2016 | 1.40 Bn |
| Dec 31, 2016 | 1.40 Bn |
| Sep 30, 2016 | 1.30 Bn |
| Sep 30, 2016 | 1.30 Bn |
| Jun 30, 2016 | 1.11 Bn |
| Jun 30, 2016 | 1.11 Bn |
| Mar 31, 2016 | 1.02 Bn |
| Mar 31, 2016 | 1.02 Bn |
| Dec 31, 2015 | 1.28 Bn |
| Dec 31, 2015 | 1.28 Bn |
| Sep 30, 2015 | 1.07 Bn |
| Sep 30, 2015 | 1.07 Bn |
| Jun 30, 2015 | 1.23 Bn |
| Jun 30, 2015 | 1.23 Bn |
| Mar 31, 2015 | 1.27 Bn |
| Mar 31, 2015 | 1.27 Bn |
| Dec 31, 2014 | 1.50 Bn |
| Dec 31, 2014 | 1.50 Bn |
| Sep 30, 2014 | 1.31 Bn |
| Sep 30, 2014 | 1.31 Bn |
| Jun 30, 2014 | 1.37 Bn |
| Jun 30, 2014 | 1.37 Bn |
| Mar 31, 2014 | 1.27 Bn |
| Mar 31, 2014 | 1.27 Bn |
| Dec 31, 2013 | 1.46 Bn |
| Dec 31, 2013 | 1.46 Bn |
| Sep 30, 2013 | 1.26 Bn |
| Sep 30, 2013 | 1.26 Bn |
| Jun 30, 2013 | 1.30 Bn |
| Jun 30, 2013 | 1.30 Bn |
| Mar 31, 2013 | 119.02 Bn |
| Mar 31, 2013 | 119.02 Bn |
| Dec 31, 2012 | 1.50 Bn |
| Dec 31, 2012 | 1.50 Bn |
| Sep 30, 2012 | 1.32 Bn |
| Sep 30, 2012 | 1.32 Bn |
| Jun 30, 2012 | 1.20 Bn |
| Jun 30, 2012 | 1.20 Bn |