Mexican Economic Development (FMX) Tax Rate (2009 - 2025)
Mexican Economic Development (FMX) reported Tax Rate of 32.81% for Q1 2025, up 272.0% year-over-year from 8.82% in Q1 2024, and up 9.06% quarter-over-quarter from 30.08% in Q1 2024.
Mexican Economic Development (FMX) Tax Rate (2009 - 2025) Analysis & Trends
Mexican Economic Development (FMX) has 15 years of Tax Rate data on file, last reported at 32.81% in Q1 2025.
- Tax Rate for Q1 2025 came in at 32.81%, up 272.0% year-over-year; the trailing twelve-month figure through Mar 2025 was 31.5% (up 8.0% YoY), and the FY2022 annual result was 34.5%, down 18.0% from the prior year.
- Tax Rate grew to 32.81% in Q1 2025 per FMX's latest filing, from 30.08% in the prior quarter.
- Over five years, Tax Rate peaked at 38.21% in Q2 2021 and troughed at 29.53% in Q1 2022.
- A 4-year average of 32.88% and a median of 32.81% in 2025 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2021 and 2025: Tax Rate tumbled 254960 bps in 2021, then soared 272 bps in 2025.
- A 4-year view of Tax Rate shows it stood at 31.91% in 2021, then slipped by 7 bps to 29.53% in 2022, then climbed by 2 bps to 30.08% in 2024, then advanced by 9 bps to 32.81% in 2025.
- Business Quant data shows FMX's Tax Rate at 32.81% in Q1 2025, 30.08% in Q1 2024, and 29.53% in Q1 2022.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,105.18 Bn | 3,586.00 Bn | 387.52 Bn | -23.58% |
| 2 | Anheuser-Busch InBev | 143.88 Bn | 131.66 Bn | 8.61 Bn | - |
| 3 | Ambev | 35.18 Bn | 31.41 Bn | 2.42 Bn | - |
| 4 | Constellation Brands | 26.02 Bn | 25.92 Bn | 951.70 Mn | 36.02% |
| 5 | Mexican Economic Development | 19.03 Bn | 13.06 Bn | - | - |
| 6 | Molson Coors Beverage | 7.85 Bn | 7.59 Bn | 897.20 Mn | 22.91% |
| 7 | Boston Beer | 1.90 Bn | 1.74 Bn | 213.96 Mn | 23.11% |
| 8 | NFiniTi | - | - | - | - |
| 9 | Molson Coors Beverage | - | - | 897.20 Mn | 22.91% |
| 10 | Anheuser-Busch InBev | - | - | 8.61 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2025 | 32.81% |
| Mar 31, 2025 | 32.81% |
| Mar 31, 2024 | 30.08% |
| Mar 31, 2024 | 30.08% |
| Mar 31, 2022 | 29.53% |
| Mar 31, 2022 | 29.53% |
| Dec 31, 2021 | 31.91% |
| Dec 31, 2021 | 31.91% |
| Sep 30, 2021 | 32.82% |
| Sep 30, 2021 | 32.82% |
| Jun 30, 2021 | 38.21% |
| Jun 30, 2021 | 38.21% |
| Mar 31, 2021 | 34.83% |
| Mar 31, 2021 | 34.83% |
| Dec 31, 2020 | 32.84% |
| Dec 31, 2020 | 32.84% |
| Sep 30, 2020 | 33.85% |
| Sep 30, 2020 | 33.85% |
| Jun 30, 2020 | 303.01% |
| Jun 30, 2020 | 303.01% |