Ambev (ABEV) Operating Expenses (2012 - 2025)

Ambev (ABEV) posted Operating Expenses of -$700.8 million for Q4 2025, down 16.59% on a QoQ basis from -$601.1 million in Q3 2025, and up 7.41% year-over-year from -$652.4 million in Q4 2024.

Ambev (ABEV) Operating Expenses (2012 - 2025) Analysis & Trends

Ambev's Operating Expenses history runs 14 years deep, the most recent figure standing at -$700.8 million for Q4 2025.

  • Quarterly Operating Expenses rose 7.41% year-over-year to -$700.8 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$383820.1 billion (down 13940218.59% YoY) and the FY2025 annual result came in at $1.1 billion, down 4.12% from the prior year.
  • Operating Expenses was -$700.8 million for Q4 2025 at Ambev, down from -$601.1 million in the prior quarter.
  • Across five years, Operating Expenses topped out at -$254.3 million in Q1 2025 and bottomed at -$422095.2 billion in Q2 2023.
  • A 5-year average of -$49089.5 billion and a median of -$683.3 million in 2022 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2024 — Operating Expenses soared 100.0% — and 2025, when it tumbled 54494845.26%.
  • Ambev's Operating Expenses stood at -$642.6 million in 2021, then declined by 3.6% to -$665.7 million in 2022, then rose by 3.38% to -$643.2 million in 2023, then decreased by 17.66% to -$756.8 million in 2024, then gained by 7.41% to -$700.8 million in 2025.
  • Business Quant data shows ABEV's Operating Expenses at -$700.8 million in Q4 2025, -$601.1 million in Q3 2025, and -$383818.5 billion in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 United Breweries 4,345.35 Bn 3,704.13 Bn 387.52 Bn -58.25 Bn
2 Mexican Economic Development 1,212.02 Bn 1,205.86 Bn - -
3 Anheuser-Busch InBev 165.17 Bn 152.95 Bn 8.61 Bn -
4 Ambev 49.35 Bn 45.58 Bn 2.42 Bn -700.76 Mn
5 Constellation Brands 23.17 Bn 23.07 Bn 1.32 Bn 457.00 Mn
6 Molson Coors Beverage 8.11 Bn 7.73 Bn 897.20 Mn 610.00 Mn
7 Boston Beer 1.95 Bn 1.68 Bn 286.37 Mn 215.60 Mn
8 NFiniTi 720.00 Mn 719.98 Mn - 73,077.00

Historic Data

Download Data
DateValue
Dec 31, 2025 -700.76 Mn
Sep 30, 2025 -601.06 Mn
Jun 30, 2025 -383,818.51 Bn
Mar 31, 2025 -254.28 Mn
Dec 31, 2024 -756.81 Mn
Sep 30, 2024 -641.64 Mn
Jun 30, 2024 -704.32 Mn
Mar 31, 2024 -650.54 Mn
Dec 31, 2023 -643.24 Mn
Sep 30, 2023 -967.32 Mn
Jun 30, 2023 -422,095.23 Bn
Mar 31, 2023 -175,865.20 Bn
Dec 31, 2022 -665.74 Mn
Sep 30, 2022 -903.64 Mn
Jun 30, 2022 -947.04 Mn
Mar 31, 2022 -514.79 Mn
Dec 31, 2021 -642.63 Mn
Sep 30, 2021 -810.67 Mn
Jun 30, 2021 -525.84 Mn
Mar 31, 2021 -490.81 Mn