Ambev (ABEV) Gross Margin (2011 - 2026)
Ambev's (ABEV) quarterly Gross Margin came in at 51.56% in Q2 2026, up 157.0% YoY from 20.06% in Q2 2025, and down 2.03% on a QoQ basis from 52.63% in Q4 2025.
Ambev (ABEV) Gross Margin (2011 - 2026) Analysis & Trends
Ambev (ABEV) has 16 years of Gross Margin data on file, last reported at 51.56% in Q2 2026.
- Quarterly Gross Margin rose 157.0% year-over-year to 51.56% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 51.5% (up 2.0% YoY) and the FY2025 annual result came in at 51.42%, up 18.0% from the prior year.
- Gross Margin slipped to 51.56% in Q2 2026, from 52.63% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 53.68% in Q4 2024 to a low of 47.89% in Q2 2022.
- A 5-year average of 50.63% and a median of 50.39% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin plunged 331 bps — and 2023, when it surged 188 bps.
- Tracing ABEV's Gross Margin over 5 years: stood at 51.59% in 2022, then advanced by 4 bps to 53.47% in 2023, then advanced by 0 bps to 53.68% in 2024, then retreated by 2 bps to 52.63% in 2025, then dropped by 2 bps to 51.56% in 2026.
- The last three Gross Margin figures came in at 51.56% (Q2 2026), 52.63% (Q4 2025), and 51.46% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 2,275.21 Bn | 1,902.19 Bn | 252.83 Bn | 41.60% |
| 2 | Constellation Brands | 23.31 Bn | 23.22 Bn | 1.32 Bn | 50.98% |
| 3 | Molson Coors Beverage | 8.04 Bn | 5.91 Bn | 1.06 Bn | 29.50% |
| 4 | Boston Beer | 1.93 Bn | 1.66 Bn | 286.37 Mn | 47.12% |
| 5 | Ambev | 629,199.98 | -3.50 Bn | 2.29 Bn | 51.56% |
| 6 | Anheuser-Busch InBev | 159,507.43 | -7.66 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 51.56% |
| Dec 31, 2025 | 52.63% |
| Sep 30, 2025 | 51.46% |
| Jun 30, 2025 | 49.99% |
| 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% |
| Sep 30, 2021 | 49.96% |
| Jun 30, 2021 | 49.30% |