Ambev (ABEV) Operating Expenses (2012 - 2026)
Ambev's (ABEV) quarterly Operating Expenses came in at -$724.6 million in Q2 2026, down 13.97% on a YoY basis from -$842.2 million in Q2 2025, and down 10.14% quarter-over-quarter from -$657.9 million in Q1 2026.
Analysis
Ambev (ABEV) Operating Expenses (2012 - 2026) Analysis & Trends
Ambev (ABEV) has reported Operating Expenses for 15 consecutive years, with -$724.6 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses fell 13.97% year-over-year to -$724.6 million; the trailing twelve-month figure through Jun 2026 stood at -$2.7 billion (down 1.62% YoY), and the FY2025 full-year result was -$1.5 billion, up 40.36% from the prior year.
- Operating Expenses eased to -$724.6 million in Q2 2026 per ABEV's latest filing, from -$657.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at -$251.6 million in Q1 2023 and bottomed at -$756.8 million in Q4 2024.
- Historically, Operating Expenses has averaged -$629.4 million across 5 years, with a median of -$645.2 million in 2022.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses soared 68.83% in 2022, then tumbled 158.57% in 2024.
- Over 5 years, Operating Expenses stood at -$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, then retreated by 3.4% to -$724.6 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered -$724.6 million, -$657.9 million, and -$700.8 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ambev | 47.60 Bn | 44.09 Bn | 2.06 Bn | -724.58 Mn |
| 2 | Constellation Brands | 21.89 Bn | 21.79 Bn | 1.32 Bn | 457.00 Mn |
| 3 | Molson Coors Beverage | 8.77 Bn | 6.83 Bn | 1.06 Bn | 718.50 Mn |
| 4 | United Breweries | 2.20 Bn | -245.21 Bn | 252.83 Bn | -8.26 Bn |
| 5 | Boston Beer | 1.75 Bn | 1.49 Bn | 286.37 Mn | 215.60 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -724.58 Mn |
| Mar 31, 2026 | -657.87 Mn |
| Dec 31, 2025 | -700.76 Mn |
| Sep 30, 2025 | -601.06 Mn |
| Jun 30, 2025 | -635.76 Mn |
| Mar 31, 2025 | -607.32 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 | -624.79 Mn |
| Jun 30, 2023 | -687.75 Mn |
| Mar 31, 2023 | -251.60 Mn |
| Dec 31, 2022 | -665.74 Mn |
| Sep 30, 2022 | -612.86 Mn |
| Jun 30, 2022 | -647.11 Mn |
| Mar 31, 2022 | -514.79 Mn |
| Dec 31, 2021 | -2.14 Bn |
| Sep 30, 2021 | -547.94 Mn |