Ambev (ABEV) Operating Margin (2011 - 2026)
Ambev's (ABEV) quarterly Operating Margin came in at 26.66% in Q2 2026, up 476.0% YoY from 4.63% in Q2 2025, and down 4.2% on a QoQ basis from 27.83% in Q4 2025.
Ambev (ABEV) Operating Margin (2011 - 2026) Analysis & Trends
Ambev (ABEV) has 16 years of Operating Margin data on file, last reported at 26.66% in Q2 2026.
- Quarterly Operating Margin rose 476.0% year-over-year to 26.66% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 26.79% (up 180.0% YoY) and the FY2025 annual result came in at 26.42%, up 205.0% from the prior year.
- Operating Margin declined to 26.66% in Q2 2026, from 27.83% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 30.25% in Q3 2025 to a low of 18.24% in Q2 2023.
- A 5-year average of 24.19% and a median of 24.05% in 2024 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2023 — Operating Margin slumped 420 bps — and 2025, when it soared 620 bps.
- Tracing ABEV's Operating Margin over 5 years: stood at 23.92% in 2022, then gained by 17 bps to 28.0% in 2023, then retreated by 1 bps to 27.83% in 2024, then grew by 0 bps to 27.83% in 2025, then fell by 4 bps to 26.66% in 2026.
- The last three Operating Margin figures came in at 26.66% (Q2 2026), 27.83% (Q4 2025), and 30.25% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 2,245.65 Bn | 1,872.63 Bn | 252.83 Bn | -0.01% |
| 2 | Constellation Brands | 23.20 Bn | 23.10 Bn | 1.32 Bn | 32.63% |
| 3 | Molson Coors Beverage | 7.99 Bn | 5.86 Bn | 1.06 Bn | 9.21% |
| 4 | Boston Beer | 1.91 Bn | 1.64 Bn | 286.37 Mn | 11.64% |
| 5 | Ambev | 626,999.98 | -3.50 Bn | 2.29 Bn | 26.66% |
| 6 | Anheuser-Busch InBev | 158,385.78 | -7.66 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 26.66% |
| Dec 31, 2025 | 27.83% |
| Sep 30, 2025 | 30.25% |
| Jun 30, 2025 | 21.90% |
| Mar 31, 2025 | 25.38% |
| Dec 31, 2024 | 27.83% |
| Sep 30, 2024 | 24.05% |
| Jun 30, 2024 | 20.35% |
| Mar 31, 2024 | 24.09% |
| Dec 31, 2023 | 28.00% |
| Sep 30, 2023 | 24.10% |
| Jun 30, 2023 | 18.24% |
| Mar 31, 2023 | 23.82% |
| Dec 31, 2022 | 23.92% |
| Sep 30, 2022 | 19.71% |
| Jun 30, 2022 | 22.44% |
| Mar 31, 2022 | 22.59% |
| Dec 31, 2021 | 23.47% |
| Sep 30, 2021 | 21.73% |
| Jun 30, 2021 | 24.84% |