Mexican Economic Development (FMX) Gross Margin (2009 - 2025)
Mexican Economic Development (FMX) reported Gross Margin of 41.54% for Q4 2025, up 138.0% year-over-year from 17.45% in Q4 2024, and up 4.02% on a QoQ basis from 39.93% in Q3 2025.
Mexican Economic Development (FMX) has 17 years of Gross Margin data on file, last reported at 41.54% in Q4 2025.
- Quarterly Gross Margin rose 138.0% year-over-year to 41.54% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 40.32% (up 12.0% YoY) and the FY2025 annual result came in at 40.62%, down 52.0% from the prior year.
- Gross Margin improved to 41.54% in Q4 2025 per FMX's latest filing, from 39.93% in the prior quarter.
- Across five years, Gross Margin topped out at 44.58% in Q1 2021 and bottomed at 120.9% in Q1 2021.
- The 5-year median for Gross Margin is 39.53% (2021), against an average of 30.15%.
- The widest annual swing landed in 2022, when Gross Margin slumped 4458 bps; it then jumped 3722 bps in 2023.
- Tracing FMX's Gross Margin over 5 years: stood at 39.53% in 2021, then gained by 0 bps to 39.58% in 2022, then rose by 4 bps to 41.05% in 2023, then retreated by 2 bps to 40.15% in 2024, then grew by 3 bps to 41.54% in 2025.
- Per Business Quant, the three latest FMX Gross Margin figures stand at 41.54% (Q4 2025), 39.93% (Q3 2025), and 40.65% (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,105.18 Bn | 3,730.53 Bn | 387.52 Bn | 47.29% |
| 2 | Anheuser-Busch InBev | 144.87 Bn | 132.65 Bn | 8.61 Bn | 55.37% |
| 3 | Mexican Economic Development | 102.46 Bn | 96.50 Bn | - | - |
| 4 | Constellation Brands | 26.22 Bn | 26.12 Bn | 951.70 Mn | 49.56% |
| 5 | Ambev | 9.36 Bn | 5.68 Bn | 2.42 Bn | 52.63% |
| 6 | Molson Coors Beverage | 8.04 Bn | 7.77 Bn | 897.20 Mn | 33.01% |
| 7 | Boston Beer | 1.99 Bn | 1.83 Bn | 213.96 Mn | 49.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 41.54% |
| Sep 30, 2025 | 39.93% |
| Jun 30, 2025 | 40.65% |
| Mar 31, 2025 | 40.30% |
| Dec 31, 2024 | 40.15% |
| Sep 30, 2024 | 40.34% |
| Jun 30, 2024 | 41.48% |
| Mar 31, 2024 | 38.66% |
| Dec 31, 2023 | 41.05% |
| Sep 30, 2023 | 38.97% |
| Jun 30, 2023 | 39.06% |
| Mar 31, 2023 | 37.23% |
| Dec 31, 2022 | 39.58% |
| Sep 30, 2022 | 37.42% |
| Jun 30, 2022 | 37.07% |
| Mar 31, 2022 | 0.00% |
| Dec 31, 2021 | 39.53% |
| Sep 30, 2021 | 37.27% |
| Jun 30, 2021 | 39.30% |
| Mar 31, 2021 | 44.58% |
| Feb 28, 2021 | -120.90% |
| Dec 31, 2020 | 14.32% |
| Sep 30, 2020 | 38.37% |
| Jun 30, 2020 | 38.03% |
| Mar 31, 2020 | 37.49% |
| Dec 31, 2019 | 39.30% |
| Mar 31, 2019 | 36.91% |
| Dec 31, 2018 | 45.88% |
| Jun 30, 2018 | 44.06% |
| Mar 31, 2018 | 44.09% |
| Dec 31, 2017 | 46.02% |
| Sep 30, 2017 | 44.60% |
| Jun 30, 2017 | 45.55% |
| Mar 31, 2017 | 43.42% |
| Dec 31, 2016 | 44.82% |
| Sep 30, 2016 | 44.57% |
| Jun 30, 2016 | 46.18% |
| Mar 31, 2016 | 45.60% |
| Dec 31, 2015 | 39.90% |
| Sep 30, 2015 | 47.62% |
| Jun 30, 2015 | 47.86% |
| Mar 31, 2015 | 45.84% |
| Dec 31, 2014 | 46.86% |
| Sep 30, 2014 | 46.60% |
| Jun 30, 2014 | 47.18% |
| Mar 31, 2014 | 46.24% |
| Dec 31, 2013 | 46.06% |
| Sep 30, 2013 | 46.87% |
| Jun 30, 2013 | 47.39% |
| Mar 31, 2013 | 46.33% |
| Dec 31, 2012 | 47.20% |
| Sep 30, 2012 | 46.93% |
| Jun 30, 2012 | 46.02% |
| Mar 31, 2012 | 45.33% |
| Dec 31, 2011 | 45.56% |
| Sep 30, 2011 | 46.26% |
| Jun 30, 2011 | 45.93% |
| Mar 31, 2011 | 45.58% |
| Sep 30, 2010 | 47.24% |
| Jun 30, 2010 | 46.29% |
| Mar 31, 2010 | 45.41% |
| Dec 31, 2009 | 46.21% |
| Sep 30, 2009 | 0.00% |
| Jun 30, 2009 | 47.25% |
| Mar 31, 2009 | 46.36% |