# Ambev S.A.: overview

ABEV · NYSE · CIK 1565025 · [Consumer staples](/sectors/consumer-staples.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/abev.md) · [Financials](/companies/abev/financials.md) · [Filings](/companies/abev/filings.md) · [Insiders](/companies/abev/insiders.md)

Revenue is not reported in this company’s XBRL financial statements.

## Last eight quarters

Not reported.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [72.9](/filings/0001292814-24-000771.md) | [79.7](/filings/0001292814-25-000831.md) | [79.7](/filings/0001292814-26-000640.md) | [89.5](/filings/0001292814-26-000640.md) | [88.2](/filings/0001292814-26-000640.md) |
| Gross margin | % | [51.1%](/filings/0001292814-24-000771.md) | [49.3%](/filings/0001292814-25-000831.md) | [50.7%](/filings/0001292814-26-000640.md) | [51.2%](/filings/0001292814-26-000640.md) | [51.4%](/filings/0001292814-26-000640.md) |
| Operating margin | % | [23.4%](/filings/0001292814-24-000771.md) | [22.2%](/filings/0001292814-25-000831.md) | [23.6%](/filings/0001292814-26-000640.md) | [24.4%](/filings/0001292814-26-000640.md) | [26.4%](/filings/0001292814-26-000640.md) |
| Net margin | % | [17.4%](/filings/0001292814-24-000771.md) | [18.1%](/filings/0001292814-25-000831.md) | [18.2%](/filings/0001292814-26-000640.md) | [16.1%](/filings/0001292814-26-000640.md) | [17.6%](/filings/0001292814-26-000640.md) |
| Diluted EPS | $ per share | [0.80](/filings/0001292814-24-000771.md) | [0.91](/filings/0001292814-25-000831.md) | [0.92](/filings/0001292814-26-000640.md) | [0.91](/filings/0001292814-26-000640.md) | [0.99](/filings/0001292814-26-000640.md) |
| Free cash flow | $bn | [15.2](/filings/0001292814-24-000771.md) | [14.1](/filings/0001292814-25-000831.md) | [18.7](/filings/0001292814-26-000640.md) | [21.3](/filings/0001292814-26-000640.md) | [19.9](/filings/0001292814-26-000640.md) |

- Revenue. XBRL Revenue: ifrs-full:Revenue.
- Gross margin (gross profit / revenue). XBRL Gross profit: ifrs-full:GrossProfit; Revenue: ifrs-full:Revenue.
- Operating margin (operating income / revenue). XBRL Operating income: ifrs-full:ProfitLossFromOperatingActivities; Revenue: ifrs-full:Revenue.
- Net margin (net income / revenue). XBRL Net income: ifrs-full:ProfitLossAttributableToOwnersOfParent; Revenue: ifrs-full:Revenue.
- Diluted EPS. XBRL Diluted EPS: ifrs-full:DilutedEarningsLossPerShare.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: ifrs-full:CashFlowsFromUsedInOperatingActivities; Capital expenditure: ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/abev/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [First Eagle Investment Management, LLC](/funds/1325447.md) | 2026-06-30 | $1.10bn | 349,323,217 |  | Added +2,338,660 |
| [First Eagle Investment Management, LLC](/funds/1325447.md) | 2026-06-30 | $1.10bn | 349,323,217 |  | Added +2,338,660 |
| [GQG Partners LLC](/funds/1697233.md) | 2026-06-30 | $581.1m | 185,072,397 |  | Reduced −1,965,141 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $103.8m | 33,059,703 |  | Reduced −1,886,144 |
| [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $91.0m | 28,979,606 |  | Added +12,751,142 |
| [LOOMIS SAYLES & CO L P](/funds/312348.md) | 2026-06-30 | $84.8m | 27,000,448 |  | Added +6,509,817 |
| [RENAISSANCE TECHNOLOGIES LLC](/funds/1037389.md) | 2026-06-30 | $78.2m | 24,910,000 |  | Reduced −2,444,300 |
| [Seafarer Capital Partners, LLC](/funds/1697721.md) | 2026-06-30 | $75.6m | 24,069,000 |  | Reduced −4,000,000 |
| [NOMURA ASSET MANAGEMENT INTERNATIONAL INC.](/funds/921739.md) | 2026-06-30 | $72.2m | 22,996,163 |  | Added +5,047,893 |
| [BRANDES INVESTMENT PARTNERS, LP](/funds/1015079.md) | 2026-06-30 | $64.5m | 20,526,907 |  | Reduced −2,548,766 |

## Recent filings

[All 1,105 filings](/companies/abev/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-29 | 06:10 ET | [6-K](/filings/0001292814-26-005038.md) | Report of a foreign private issuer, period 2026-12-31 | 0001292814-26-005038 |
| 2026-10-29 | 06:10 ET | [6-K](/filings/0001292814-26-005037.md) | Report of a foreign private issuer, period 2026-12-31 | 0001292814-26-005037 |
| 2026-10-29 | 06:06 ET | [6-K](/filings/0001292814-26-005034.md) | Report of a foreign private issuer, period 2026-09-30 | 0001292814-26-005034 |
| 2026-10-29 | 06:03 ET | [6-K](/filings/0001292814-26-005033.md) | Report of a foreign private issuer, period 2026-09-30 | 0001292814-26-005033 |
| 2026-10-22 | 19:05 ET | [6-K](/filings/0001292814-26-004974.md) | Report of a foreign private issuer, period 2026-12-31 | 0001292814-26-004974 |
| 2026-10-14 | 17:09 ET | [6-K](/filings/0001292814-26-004926.md) | Report of a foreign private issuer, period 2026-12-31 | 0001292814-26-004926 |
| 2026-10-09 | 17:06 ET | [6-K](/filings/0001292814-26-004886.md) | Report of a foreign private issuer, period 2026-09-30 | 0001292814-26-004886 |
| 2026-10-09 | 17:04 ET | [6-K](/filings/0001292814-26-004884.md) | Report of a foreign private issuer, period 2026-09-30 | 0001292814-26-004884 |
| 2026-09-09 | 17:03 ET | [6-K](/filings/0001292814-26-004508.md) | Report of a foreign private issuer, period 2026-09-30 | 0001292814-26-004508 |
| 2026-09-09 | 17:01 ET | [6-K](/filings/0001292814-26-004506.md) | Report of a foreign private issuer, period 2026-09-30 | 0001292814-26-004506 |

## Latest annual report

[Form 20-F for the fiscal year ended Dec 31, 2025](/filings/0001292814-26-000640.md), filed Mar 3, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1565025
- Tickers: ABEV
- Exchange: NYSE
- SIC code: 2080 Beverages
- State of incorporation: D5
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 11:56 ET. No prices; not investment advice.
