Ambev (ABEV) Operating Expenses (2012 - 2025)
Ambev posted quarterly Operating Expenses of -$295.4 million for Q4 2025, up 9.05% year-on-year from -$270.9 million in Q4 2024, and down 18.79% on a QoQ basis from -$248.7 million in Q3 2025.
Ambev (ABEV) has 14 years of Operating Expenses data on file, last reported at -$295.4 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses rose 9.05% year-over-year to -$295.4 million; the trailing twelve-month figure through Dec 2025 stood at -$1.1 billion (up 8.62% YoY), and the FY2025 full-year result was $1.1 billion, up 3.99% from the prior year.
- Operating Expenses for Q4 2025 stood at -$295.4 million, down from -$248.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at -$214.0 million in Q3 2021 and bottomed at -$324.8 million in Q4 2024.
- The 5-year median for Operating Expenses is -$257.4 million (2023), against an average of -$258.8 million.
- The widest annual swing landed in 2021, when Operating Expenses sank 137.11%; it then rose 9.87% in 2025.
- A 5-year view of Operating Expenses shows it stood at -$248.1 million in 2021, then slipped by 11.41% to -$276.4 million in 2022, then dropped by 0.88% to -$278.9 million in 2023, then fell by 16.48% to -$324.8 million in 2024, then grew by 9.05% to -$295.4 million in 2025.
- The last three Operating Expenses figures came in at -$295.4 million (Q4 2025), -$248.7 million (Q3 2025), and -$251.9 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,105.18 Bn | 3,730.53 Bn | 387.52 Bn | -58.25 Bn |
| 2 | Anheuser-Busch InBev | 144.87 Bn | 132.65 Bn | 8.61 Bn | -4,786.00 |
| 3 | Mexican Economic Development | 102.46 Bn | 96.50 Bn | - | - |
| 4 | Constellation Brands | 26.22 Bn | 26.12 Bn | 951.70 Mn | 420.50 Mn |
| 5 | Ambev | 9.36 Bn | 5.68 Bn | 2.42 Bn | -295.42 Mn |
| 6 | Molson Coors Beverage | 8.04 Bn | 7.77 Bn | 897.20 Mn | 610.00 Mn |
| 7 | Boston Beer | 1.99 Bn | 1.83 Bn | 213.96 Mn | 404.42 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -295.42 Mn |
| Sep 30, 2025 | -248.69 Mn |
| Jun 30, 2025 | -251.95 Mn |
| Mar 31, 2025 | -254.08 Mn |
| Dec 31, 2024 | -324.82 Mn |
| Sep 30, 2024 | -275.92 Mn |
| Jun 30, 2024 | -279.07 Mn |
| Mar 31, 2024 | -269.44 Mn |
| Dec 31, 2023 | -278.86 Mn |
| Sep 30, 2023 | -260.67 Mn |
| Jun 30, 2023 | -265.65 Mn |
| Mar 31, 2023 | -251.42 Mn |
| Dec 31, 2022 | -276.42 Mn |
| Sep 30, 2022 | -250.88 Mn |
| Jun 30, 2022 | -264.26 Mn |
| Mar 31, 2022 | -224.53 Mn |
| Dec 31, 2021 | -248.11 Mn |
| Sep 30, 2021 | -214.04 Mn |
| Jun 30, 2021 | -215.33 Mn |
| Mar 31, 2021 | -226.08 Mn |
| Dec 31, 2020 | -121.66 Mn |
| Sep 30, 2020 | -139.18 Mn |
| Jun 30, 2020 | -134.30 Mn |
| Mar 31, 2020 | -95.35 Mn |
| Dec 31, 2019 | -124.60 Mn |
| Sep 30, 2019 | -163.06 Mn |
| Jun 30, 2019 | -188.98 Mn |
| Mar 31, 2019 | -180.70 Mn |
| Dec 31, 2018 | -156.24 Mn |
| Sep 30, 2018 | -156.33 Mn |
| Jun 30, 2018 | -162.22 Mn |
| Mar 31, 2018 | -176.08 Mn |
| Dec 31, 2017 | -314.14 Mn |
| Sep 30, 2017 | -167.10 Mn |
| Jun 30, 2017 | -162.46 Mn |
| Mar 31, 2017 | -176.90 Mn |
| Dec 31, 2016 | -174.20 Mn |
| Sep 30, 2016 | -155.79 Mn |
| Jun 30, 2016 | -157.95 Mn |
| Mar 31, 2016 | -137.13 Mn |
| Dec 31, 2015 | -179.37 Mn |
| Sep 30, 2015 | -162.96 Mn |
| Jun 30, 2015 | -177.96 Mn |
| Mar 31, 2015 | -186.60 Mn |
| Dec 31, 2014 | -256.54 Mn |
| Sep 30, 2014 | -179.46 Mn |
| Jun 30, 2014 | -162.65 Mn |
| Mar 31, 2014 | -190.63 Mn |
| Dec 31, 2013 | -287.19 Mn |
| Sep 30, 2013 | -158.91 Mn |
| Jun 30, 2013 | -198.86 Mn |
| Mar 31, 2013 | -177.36 Mn |
| Dec 31, 2012 | -206.25 Mn |
| Sep 30, 2012 | -261.22 Mn |
| Jun 30, 2012 | -196.20 Mn |