Ambev (ABEV) Tax Rate (2012 - 2025)
Ambev posted quarterly Tax Rate of 23.64% for Q4 2025, up 365.0% year-on-year from 5.08% in Q4 2024, and down 451.95% on a QoQ basis from 6.72% in Q3 2025.
Ambev (ABEV) has 14 years of Tax Rate data on file, last reported at 23.64% in Q4 2025.
- For the quarter ending Q4 2025, Tax Rate rose 365.0% year-over-year to 23.64%; the trailing twelve-month figure through Dec 2025 stood at 13.94% (down 898.0% YoY), and the FY2025 full-year result was 17.68%, down 614.0% from the prior year.
- Tax Rate for Q4 2025 stood at 23.64%, down from 6.72% in the prior quarter.
- Across five years, Tax Rate topped out at 23.63% in Q3 2024 and bottomed at 28.55% in Q2 2024.
- The 5-year median for Tax Rate is 5.22% (2021), against an average of 4.28%.
- The widest annual swing landed in 2022, when Tax Rate soared 2617 bps; it then sank 3665 bps in 2025.
- A 5-year view of Tax Rate shows it stood at 8.7% in 2021, then jumped by 301 bps to 17.47% in 2022, then slumped by 124 bps to 4.19% in 2023, then slumped by 551 bps to 27.29% in 2024, then advanced by 13 bps to 23.64% in 2025.
- The last three Tax Rate figures came in at 23.64% (Q4 2025), 6.72% (Q3 2025), and 18.4% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,105.18 Bn | 3,730.53 Bn | 387.52 Bn | -23.58 |
| 2 | Anheuser-Busch InBev | 144.87 Bn | 132.65 Bn | 8.61 Bn | 0.00 |
| 3 | Mexican Economic Development | 102.46 Bn | 96.50 Bn | - | - |
| 4 | Constellation Brands | 26.22 Bn | 26.12 Bn | 951.70 Mn | 36.02 |
| 5 | Ambev | 9.36 Bn | 5.68 Bn | 2.42 Bn | -23.64 |
| 6 | Molson Coors Beverage | 8.04 Bn | 7.77 Bn | 897.20 Mn | 22.91 |
| 7 | Boston Beer | 1.99 Bn | 1.83 Bn | 213.96 Mn | 23.11 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -23.64 |
| Dec 31, 2025 | -23.64 |
| Sep 30, 2025 | 6.72 |
| Sep 30, 2025 | 6.72 |
| Jun 30, 2025 | -18.40 |
| Jun 30, 2025 | -18.40 |
| Mar 31, 2025 | -21.66 |
| Mar 31, 2025 | -21.66 |
| Dec 31, 2024 | -27.29 |
| Dec 31, 2024 | -27.29 |
| Sep 30, 2024 | 23.63 |
| Sep 30, 2024 | 23.63 |
| Jun 30, 2024 | 28.55 |
| Jun 30, 2024 | 28.55 |
| Mar 31, 2024 | 15.00 |
| Mar 31, 2024 | 15.00 |
| Dec 31, 2023 | 4.19 |
| Dec 31, 2023 | 4.19 |
| Sep 30, 2023 | -1.10 |
| Sep 30, 2023 | -1.10 |
| Jun 30, 2023 | -9.52 |
| Jun 30, 2023 | -9.52 |
| Mar 31, 2023 | -1.51 |
| Mar 31, 2023 | -1.51 |
| Dec 31, 2022 | 17.47 |
| Dec 31, 2022 | 17.47 |
| Sep 30, 2022 | 14.66 |
| Sep 30, 2022 | 14.66 |
| Jun 30, 2022 | -13.41 |
| Jun 30, 2022 | -13.41 |
| Mar 31, 2022 | -1.03 |
| Mar 31, 2022 | -1.03 |
| Dec 31, 2021 | -8.70 |
| Dec 31, 2021 | -8.70 |
| Sep 30, 2021 | 18.90 |
| Sep 30, 2021 | 18.90 |
| Jun 30, 2021 | -19.01 |
| Jun 30, 2021 | -19.01 |
| Mar 31, 2021 | 6.25 |
| Mar 31, 2021 | 6.25 |
| Dec 31, 2020 | -18.59 |
| Dec 31, 2020 | -18.59 |
| Sep 30, 2020 | -2.96 |
| Sep 30, 2020 | -2.96 |
| Jun 30, 2020 | 14.72 |
| Jun 30, 2020 | 14.72 |
| Mar 31, 2020 | 18.76 |
| Mar 31, 2020 | 18.76 |
| Dec 31, 2019 | -0.02 |
| Dec 31, 2019 | -0.02 |
| Sep 30, 2019 | -7.86 |
| Sep 30, 2019 | -7.86 |
| Jun 30, 2019 | -12.22 |
| Jun 30, 2019 | -12.22 |
| Mar 31, 2019 | -3.56 |
| Mar 31, 2019 | -3.56 |
| Dec 31, 2018 | 24.56 |
| Dec 31, 2018 | 24.56 |
| Sep 30, 2018 | -5.14 |
| Sep 30, 2018 | -5.14 |
| Jun 30, 2018 | -6.68 |
| Jun 30, 2018 | -6.68 |
| Mar 31, 2018 | -19.19 |
| Mar 31, 2018 | -19.19 |
| Dec 31, 2017 | -34.30 |
| Dec 31, 2017 | -34.30 |
| Sep 30, 2017 | 95.35 |
| Sep 30, 2017 | 95.35 |
| Jun 30, 2017 | -9.40 |
| Jun 30, 2017 | -9.40 |
| Mar 31, 2017 | -12.88 |
| Mar 31, 2017 | -12.88 |
| Dec 31, 2016 | 0.00 |
| Dec 31, 2016 | 0.00 |
| Sep 30, 2016 | -32.37 |
| Sep 30, 2016 | -32.37 |
| Jun 30, 2016 | 9.44 |
| Jun 30, 2016 | 9.44 |
| Mar 31, 2016 | -10.41 |
| Mar 31, 2016 | -10.41 |
| Dec 31, 2015 | -28.28 |
| Dec 31, 2015 | -28.28 |
| Sep 30, 2015 | 21.39 |
| Sep 30, 2015 | 21.39 |
| Jun 30, 2015 | 6.13 |
| Jun 30, 2015 | 6.13 |
| Mar 31, 2015 | 24.31 |
| Mar 31, 2015 | 24.31 |
| Dec 31, 2014 | -14.92 |
| Dec 31, 2014 | -14.92 |
| Sep 30, 2014 | 11.67 |
| Sep 30, 2014 | 11.67 |
| Jun 30, 2014 | 10.36 |
| Jun 30, 2014 | 10.36 |
| Mar 31, 2014 | -17.53 |
| Mar 31, 2014 | -17.53 |
| Dec 31, 2013 | -11.47 |
| Dec 31, 2013 | -11.47 |
| Sep 30, 2013 | -26.31 |
| Sep 30, 2013 | -26.31 |
| Jun 30, 2013 | -21.49 |
| Jun 30, 2013 | -21.49 |
| Mar 31, 2013 | 17.44 |
| Mar 31, 2013 | 17.44 |
| Dec 31, 2012 | -20.41 |
| Dec 31, 2012 | -20.41 |
| Sep 30, 2012 | 14.47 |
| Sep 30, 2012 | 14.47 |
| Jun 30, 2012 | -16.54 |
| Jun 30, 2012 | -16.54 |