Ambev (ABEV) Operating Margin (2012 - 2025)

Ambev has reported Operating Margin for 14 years, with the latest figure at 27.83% in Q4 2025.

• For the quarter ending Q4 2025, Operating Margin changed 0.0% year-over-year to 27.83%; the trailing twelve-month figure through Dec 2025 stood at 26.49% (up 223.0% YoY), and the FY2025 full-year result was 26.42%, up 205.0% from the prior year.
• Operating Margin for Q4 2025 stood at 27.83%, down from 30.25% in the prior quarter.
• The five-year high for Operating Margin was 30.25% in Q3 2025, with the low at 18.24% in Q2 2023.
• Historically, Operating Margin has averaged 23.93% across 5 years, with a median of 23.96% in 2021.
• The largest YoY upside for Operating Margin was 833 bps in 2021 against a maximum downside of 1658 bps in 2021.
• Ambev's Operating Margin stood at 23.47% in 2021, then advanced by 2 bps to 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.
• The last three Operating Margin figures came in at 27.83% (Q4 2025), 30.25% (Q3 2025), and 21.9% (Q2 2025), per Business Quant data.