Ambev (ABEV) Operating Expenses (2011 - 2026)
Ambev's (ABEV) quarterly Operating Expenses came in at -$749.9 million in Q2 2026, down 17.95% YoY from -$914.0 million in Q2 2025, and down 7.01% on a QoQ basis from -$700.8 million in Q4 2025.
Ambev (ABEV) Operating Expenses (2011 - 2026) Analysis & Trends
Ambev (ABEV) has 16 years of Operating Expenses data on file, last reported at -$749.9 million in Q2 2026.
- Quarterly Operating Expenses fell 17.95% year-over-year to -$749.9 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was -$2.7 billion (down 17.44% YoY) and the FY2025 annual result came in at $1.1 billion, down 4.12% from the prior year.
- Operating Expenses fell to -$749.9 million in Q2 2026, from -$700.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of -$254.3 million in Q1 2025 to a low of -$422094.9 billion in Q2 2023.
- A 5-year average of -$35174.7 billion and a median of -$647.1 million in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses tumbled 65227837.78% — and 2024, when it jumped 100.0%.
- Tracing ABEV's Operating Expenses over 5 years: stood at -$665.7 million in 2022, then grew by 3.38% to -$643.2 million in 2023, then fell by 17.66% to -$756.8 million in 2024, then increased by 7.41% to -$700.8 million in 2025, then decreased by 7.01% to -$749.9 million in 2026.
- The last three Operating Expenses figures came in at -$749.9 million (Q2 2026), -$700.8 million (Q4 2025), and -$601.1 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 2,224.41 Bn | 1,851.39 Bn | 252.83 Bn | -49.29 Bn |
| 2 | Constellation Brands | 23.10 Bn | 23.00 Bn | 1.32 Bn | 457.00 Mn |
| 3 | Molson Coors Beverage | 8.00 Bn | 5.87 Bn | 1.06 Bn | 718.50 Mn |
| 4 | Boston Beer | 1.97 Bn | 1.71 Bn | 286.37 Mn | 215.60 Mn |
| 5 | Ambev | 624,799.98 | -3.50 Bn | 2.29 Bn | -749.91 Mn |
| 6 | Anheuser-Busch InBev | 157,405.59 | -7.66 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -749.91 Mn |
| Dec 31, 2025 | -700.76 Mn |
| Sep 30, 2025 | -601.06 Mn |
| Jun 30, 2025 | -635.76 Mn |
| 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 | -624.79 Mn |
| Jun 30, 2023 | -422,094.88 Bn |
| Mar 31, 2023 | -175,865.20 Bn |
| 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 | -642.63 Mn |
| Sep 30, 2021 | -547.94 Mn |
| Jun 30, 2021 | -525.84 Mn |