Ambev (ABEV) Operating Margin (2012 - 2026)
Ambev (ABEV) recorded Operating Margin of 25.65% in Q3 2026, down 4.60 percentage points from 30.25% a year earlier but up 1.75 percentage points from the prior quarter.
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Analysis
Ambev (ABEV) Operating Margin (2012 - 2026) Analysis & Trends
On a TTM basis, Ambev's Operating Margin came in at 26.08% as of Sep 30, 2026, down 0.41 percentage points year-over-year; for FY2025, it came in at 26.42%, up 2.05 percentage points from FY2024.
- Annual Operating Margin has increased for three straight years, though with a five-year change of -0.93 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 24.37% in FY2024 (+0.76 pp), 23.62% in FY2023 (+1.43 pp), 22.19% in FY2022 (-1.25 pp) and 23.44% in FY2021 (-3.92 pp).
- Quarterly Operating Margin has ranged from 18.24% in Q2 2023 to 30.25% in Q3 2025 over the past five years.
- On a year-over-year basis, Operating Margin rose in five of the last eight quarters, with an average year-over-year change of +0.94 percentage points.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 6.19 percentage points in Q3 2025, against a drop of 16.58 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 23.89% (Q2 2026), 26.66% (Q1 2026) and 27.83% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 413.22 Bn | 399.53 Bn | 8.45 Bn | 33.37% |
| 2 | Diageo | 224.45 Bn | 204.52 Bn | - | - |
| 3 | Coca Cola Femsa Sab De Cv | 196.49 Bn | 189.17 Bn | - | - |
| 4 | Pepsico | 192.84 Bn | 150.60 Bn | 13.75 Bn | 16.86% |
| 5 | Anheuser-Busch InBev | 148.28 Bn | 110.64 Bn | - | - |
| 6 | Monster Beverage | 88.63 Bn | 76.88 Bn | 1.42 Bn | 29.18% |
| 7 | Coca-Cola Europacific Partners | 53.10 Bn | 46.73 Bn | - | - |
| 8 | Keurig Dr Pepper | 50.04 Bn | 46.09 Bn | 3.07 Bn | 8.59% |
| 9 | Ambev | 43.10 Bn | 28.94 Bn | - | - |
| 10 | Constellation Brands | 24.59 Bn | 24.14 Bn | 1.39 Bn | 28.58% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 25.65% |
| 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% |
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();