Ambev (ABEV) Tax Rate (2016 - 2023)
Ambev (ABEV) reported Tax Rate of -19.92% for the quarter ended Jun 30, 2026, down 1.53 percentage points from -18.40% a year earlier but up 1.29 percentage points from the prior quarter.
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Analysis
Ambev (ABEV) Tax Rate (2016 - 2023) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Ambev's Tax Rate came in at -27.80%, up 9.39 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at -17.68%, up 6.14 percentage points from the prior year.
- Tax Rate has a five-year change of -4.62 percentage points (years ended Dec 2020 to Dec 2025).
- By year, Tax Rate came in at -23.81% in the year ended Dec 31, 2024 (-23.31 pp), -0.50% in the year ended Dec 31, 2023 (-5.11 pp), 4.61% in the year ended Dec 31, 2022 (+9.23 pp) and -4.63% in the year ended Dec 31, 2021 (+8.43 pp).
- Five-year quarterly Tax Rate spans a low of -67.15% in the quarter ended Dec 31, 2024 and a high of 18.90% in the quarter ended Sep 30, 2021.
- Year over year, Tax Rate gained in four of the last eight quarters, with an average year-over-year change of -7.44 percentage points.
- The high point for year-over-year Tax Rate in five years was the quarter ended Dec 31, 2022 (a gain of 26.17 percentage points); the low point was the quarter ended Dec 31, 2024 (a drop of 65.55 percentage points).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at -21.21% (quarter ended Mar 31, 2026), -57.88% (quarter ended Dec 31, 2025) and -6.72% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 401.84 Bn | 388.31 Bn | 8.42 Bn | 18.94% |
| 2 | Coca Cola Femsa Sab De Cv | 198.29 Bn | 198.29 Bn | 2.06 Bn | 29.65% |
| 3 | Pepsico | 182.79 Bn | 140.55 Bn | 13.75 Bn | 21.36% |
| 4 | Monster Beverage | 92.06 Bn | 80.31 Bn | 1.42 Bn | 23.91% |
| 5 | Diageo | 51.95 Bn | 32.02 Bn | - | - |
| 6 | Ambev | 51.85 Bn | 37.14 Bn | 2.06 Bn | - |
| 7 | Coca-Cola Europacific Partners | 51.70 Bn | 44.37 Bn | - | - |
| 8 | Keurig Dr Pepper | 47.08 Bn | 43.13 Bn | 3.07 Bn | 31.15% |
| 9 | Constellation Brands | 22.57 Bn | 22.12 Bn | 1.39 Bn | 20.17% |
| 10 | Coca-Cola Consolidated | 14.21 Bn | 11.84 Bn | 778.41 Mn | 26.17% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2023 | 9.52% |
| Dec 31, 2022 | 17.47% |
| Sep 30, 2022 | 14.66% |
| Sep 30, 2021 | 18.90% |
| Jun 30, 2020 | 14.72% |
| Sep 30, 2018 | 5.14% |
| Sep 30, 2016 | 42.20% |
API Access
Ambev Tax Rate 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=tax-rate&ticker=ABEV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=ABEV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();