Ambev (ABEV) Gross Margin (2012 - 2026)
Ambev's Gross Margin was 50.97% in Q3 2026, down 0.49 percentage points from 51.46% a year earlier and down 0.89 percentage points from the prior quarter.
Powered by 
Analysis
Ambev (ABEV) Gross Margin (2012 - 2026) Analysis & Trends
On a trailing twelve-month basis, Ambev's Gross Margin was 51.77% through Sep 30, 2026, up 0.02 percentage points year-over-year; for FY2025, it came in at 51.42%, up 0.18 percentage points from FY2024.
- Gross Margin has now increased for three consecutive years, though with a five-year change of -2.21 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 51.24% in FY2024 (+0.52 pp), 50.72% in FY2023 (+1.44 pp), 49.29% in FY2022 (-1.77 pp) and 51.05% in FY2021 (-2.58 pp).
- The Q3 2026 figure marks the lowest quarterly Gross Margin since Q2 2025.
- Compared with a year earlier, Gross Margin was higher in six of the last eight quarters, with an average year-over-year change of +0.37 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q4 2023 (a gain of 1.88 percentage points); the worst was Q4 2021 (a drop of 3.51 percentage points).
- Per Business Quant data, ABEV's Gross Margin in the three quarters before Q3 2026 was 51.86% (Q2 2026), 51.56% (Q1 2026) and 52.63% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 415.05 Bn | 401.36 Bn | 8.45 Bn | 63.15% |
| 2 | Coca Cola Femsa Sab De Cv | 195.63 Bn | 195.63 Bn | 2.15 Bn | 46.52% |
| 3 | Pepsico | 194.97 Bn | 152.73 Bn | 13.75 Bn | 54.42% |
| 4 | Monster Beverage | 95.69 Bn | 83.94 Bn | 1.42 Bn | 55.95% |
| 5 | Diageo | 54.44 Bn | 34.51 Bn | - | - |
| 6 | Coca-Cola Europacific Partners | 53.15 Bn | 45.82 Bn | - | - |
| 7 | Keurig Dr Pepper | 50.27 Bn | 46.32 Bn | 3.07 Bn | 41.95% |
| 8 | Ambev | 43.18 Bn | 27.99 Bn | 2.14 Bn | 50.97% |
| 9 | Constellation Brands | 25.00 Bn | 24.55 Bn | 1.39 Bn | 49.46% |
| 10 | Brown Forman | 14.15 Bn | 12.83 Bn | 549.00 Mn | 46.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 50.97% |
| Jun 30, 2026 | 51.86% |
| Mar 31, 2026 | 51.56% |
| Dec 31, 2025 | 52.63% |
| Sep 30, 2025 | 51.46% |
| Jun 30, 2025 | 50.00% |
| Mar 31, 2025 | 51.35% |
| Dec 31, 2024 | 53.68% |
| Sep 30, 2024 | 50.34% |
| Jun 30, 2024 | 49.81% |
| Mar 31, 2024 | 50.39% |
| Dec 31, 2023 | 53.47% |
| Sep 30, 2023 | 49.68% |
| Jun 30, 2023 | 49.01% |
| Mar 31, 2023 | 50.65% |
| Dec 31, 2022 | 51.59% |
| Sep 30, 2022 | 48.28% |
| Jun 30, 2022 | 47.89% |
| Mar 31, 2022 | 48.94% |
| Dec 31, 2021 | 52.31% |
API Access
Ambev Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=ABEV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "ABEV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=ABEV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();