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| Date | Value |
|---|---|
| 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 |