Brazil was Ambev’s largest segment in fiscal 2025, bringing in $49.03B of $88.24B (56%).
| Segments [axis] | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Brazil | $42.64B | $46.36B | $48.61B | $49.03B | ||||||
| Brazil 1 | — | — | — | — | ||||||
| Latin America - North Segment - Brazil | — | — | — | — | ||||||
| Latin America - South | $17.37B | $13.80B | $19.83B | $17.99B | ||||||
| South Latin America | — | — | — | — | ||||||
| South Latin America Segment | — | — | — | — | ||||||
| Canada | $10.26B | $9.53B | $9.99B | $10.26B | ||||||
| Canada Segment | — | — | — | — | ||||||
| Cac | $9.44B | $10.04B | $11.02B | $10.96B | ||||||
| C A C | — | — | — | — | ||||||
| Latin America – North Segment - Cac Segment | — | — | — | — | ||||||
| Total | $79.71B | $79.74B | $89.45B | $88.24B |
Ambev brought in $88.24B from its four segments in fiscal 2025, the year ended December 31, 2025. That was down 1.4% from $89.45B in fiscal 2024. Brazil was the largest at $49.03B (55.6%), ahead of Latin America - South at $17.99B (20.4%) and Cac at $10.96B (12.4%). The remaining segment, Canada, brought in $10.26B.
Compared with fiscal 2024, Canada grew fastest, up 2.7% to $10.26B, while Latin America - South fell the most, down 9.3% to $17.99B. From fiscal 2022 to 2025, combined revenue from these segments grew from $79.71B to $88.24B, a compound annual growth rate of 3.4%. Brazil's share of the total rose from 53.5% to 55.6%.
Ambev (ABEV) reports its revenue by segments [axis]. In fiscal 2025, Brazil was its largest segment, bringing in $49.03B (55.6% of the total), followed by Latin America - South at $17.99B (20.4%).
Brazil was Ambev's largest segment in fiscal 2025, bringing in $49.03B, or 55.6% of the $88.24B total across its four segments.
Among Ambev's segments that make up at least 2% of revenue, Canada grew fastest in fiscal 2025, up 2.7% from $9.99B to $10.26B.
Every figure comes from Ambev's annual financial filings, as reported. Each line keeps the name Ambev gives it, and years follow its fiscal calendar.
Ambev's revenue by segments [axis] goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.