Ambev (ABEV) Operating Margin (2012 - 2026)
Ambev's (ABEV) quarterly Operating Margin came in at 23.89% in Q2 2026, up 200.0% on a YoY basis from 7.96% in Q2 2025, and down 10.37% quarter-over-quarter from 26.66% in Q1 2026.
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Analysis
Ambev (ABEV) Operating Margin (2012 - 2026) Analysis & Trends
Ambev (ABEV) has reported Operating Margin for 15 consecutive years, with 23.89% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin rose 200.0% year-over-year to 23.89%; the trailing twelve-month figure through Jun 2026 stood at 27.14% (up 215.0% YoY), and the FY2025 full-year result was 26.42%, up 205.0% from the prior year.
- Operating Margin eased to 23.89% in Q2 2026 per ABEV's latest filing, from 26.66% in the prior quarter.
- Across five years, Operating Margin topped out at 30.25% in Q3 2025 and bottomed at 18.24% in Q2 2023.
- Historically, Operating Margin has averaged 24.17% across 5 years, with a median of 23.99% in 2024.
- The sharpest annual moves came in 2023 and 2025: Operating Margin tumbled 420 bps in 2023, then soared 619 bps in 2025.
- Over 5 years, Operating Margin stood at 23.92% in 2022, then climbed by 17 bps to 28.0% in 2023, then slipped by 1 bps to 27.83% in 2024, then rose by 0 bps to 27.83% in 2025, then decreased by 14 bps to 23.89% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 23.89%, 26.66%, and 27.83% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 379.05 Bn | 367.07 Bn | 8.42 Bn | 34.92% |
| 2 | Diageo | 209.58 Bn | 209.63 Bn | - | - |
| 3 | Coca Cola Femsa Sab De Cv | 185.97 Bn | 185.19 Bn | 2.06 Bn | 13.96% |
| 4 | Pepsico | 177.68 Bn | 167.14 Bn | 13.11 Bn | 16.64% |
| 5 | Monster Beverage | 86.02 Bn | 82.60 Bn | 1.42 Bn | 29.18% |
| 6 | Ambev | 46.18 Bn | 42.67 Bn | 2.06 Bn | 23.89% |
| 7 | Coca-Cola Europacific Partners | 44.77 Bn | 44.20 Bn | - | - |
| 8 | Keurig Dr Pepper | 43.22 Bn | 45.90 Bn | 3.07 Bn | 8.59% |
| 9 | Andina Bottling | 28.97 Bn | -301.93 Bn | 698.26 Mn | 5,344.68% |
| 10 | Constellation Brands | 19.91 Bn | 19.81 Bn | 1.32 Bn | 32.63% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.89% |
| Mar 31, 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% |
API Access
Ambev Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=ABEV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "ABEV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=ABEV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();