What is the current annual operating margin of ABEV?

As of today, ABEV annual operating margin is 22.68%

What is 1-year change in ABEV annual operating margin?

ABEV annual operating margin is up +3.61% year-over-year

What is 3-year change in ABEV annual operating margin?

ABEV annual operating margin is up +11.23% over the past 3 years

How far is ABEV annual operating margin from its all-time high?

ABEV annual operating margin is currently -44.25% below its historical high of 40.68% set on December 31, 2011

How does ABEV annual operating margin rank versus sector peers?

ABEV annual operating margin is higher than 92.68% of companies in Consumer Defensive sector

When is ABEV next annual earnings release?

The next annual earnings release for ABEV is on February 11, 2027

What is the current quarterly operating margin of ABEV?

As of today, ABEV quarterly operating margin is 22.65%

What is ABEV quarterly operating margin most recent change?

ABEV quarterly operating margin was up +11.47% on September 30, 2026

What is 1-year change in ABEV quarterly operating margin?

ABEV quarterly operating margin is down -3.33% year-over-year

How far is ABEV quarterly operating margin from its all-time high?

ABEV quarterly operating margin is currently -51.50% below its historical high of 46.70% set on December 31, 2012

How does ABEV quarterly operating margin rank versus sector peers?

ABEV quarterly operating margin is higher than 91.24% of companies in Consumer Defensive sector

When is ABEV next earnings release?

The next earnings release for ABEV is on February 11, 2027

Ambev S.A. (ABEV) Operating Margin History & Chart

Annual Operating Margin

22.68%0.79%+3.61%

December 31, 2025

Summary

Current Value: As of today, ABEV annual operating margin is 22.68%, up +3.61% on December 31, 2025
Historical Performance: ABEV annual operating margin is up +11.23% over the past 3 years, down -3.16% over the past 5 years
All-Time High Comparison: ABEV annual operating margin is currently -44.25% below its historical high of 40.68% set on December 31, 2011
3-Year Low Comparison: ABEV annual operating margin is +11.23% above its 3-year low of 20.39% reached on an earlier date
Sector Comparison: ABEV annual operating margin is higher than 92.68% of companies in Consumer Defensive sector

Operating Margin Chart

beforeafter

Performance

ABEV Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	22.68%	+3.6%	+11.2%	-3.2%	-41.3%
Quarterly Operating Margin	Sep 30, 26	22.65%	-3.3%	+3.7%	+9.1%	-40.9%
Price	Nov 13, 26	$2.76	+9.5%	+0.7%	-12.1%	-49.3%
PE Ratio	Nov 13, 26	14.26	+1.4%	-2.7%	-15.3%	-16.6%
Annual Revenue	Dec 31, 25	$15.79B	-4.8%	+2.3%	+39.6%	+9.9%
Annual Operating Profit	Dec 31, 25	$3.58B	-1.4%	+13.8%	+35.1%	-35.3%
Annual Gross Margin	Dec 31, 25	47.86%	+0.3%	+3.8%	-4.1%	-27.4%
Annual Net Margin	Dec 31, 25	18.12%	+9.2%	-3.0%	-9.8%	-40.0%

Operating Margin Highs

ABEV Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	22.68%	Dec 31, 25	at high
5Y	23.42%	N/A	-3.2%
All	40.68%	Dec 31, 11	-44.3%

Operating Margin Lows

ABEV Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	20.39%	N/A	+11.2%
5Y	20.39%	Dec 31, 22	+11.2%
All	5.02%	Dec 31, 99	+351.8%

Operating Margin History

Year	Value	Change
2025	22.68%	+3.6%
2024	21.89%	+1.8%
2023	21.51%	+5.5%
2022	20.39%	-9.9%
2021	22.64%	-3.3%
2020	23.42%	-18.6%
2019	28.77%	-10.8%
2018	32.25%	+0.1%
2017	32.21%	+0.5%
2016	32.05%	-12.4%
2015	36.57%	-2.2%
2014	37.41%	-3.7%
2013	38.85%	-2.5%
2012	39.85%	-2.0%
2011	40.68%	+5.3%

Year	Value	Change
2010	38.62%	+8.5%
2009	35.61%	-1.3%
2008	36.08%	+31.4%
2007	27.46%	-5.0%
2006	28.91%	+29.7%
2005	22.29%	+17.6%
2004	18.96%	+2.0%
2003	18.58%	-17.3%
2002	22.47%	+23.7%
2001	18.16%	+60.9%
2000	11.29%	+124.9%
1999	5.02%	-63.1%
1998	13.62%	-26.4%
1997	18.51%	+31.2%
1996	14.11%	-

FAQ

What is the current annual operating margin of ABEV?: As of today, ABEV annual operating margin is 22.68%
What is 1-year change in ABEV annual operating margin?: ABEV annual operating margin is up +3.61% year-over-year
What is 3-year change in ABEV annual operating margin?: ABEV annual operating margin is up +11.23% over the past 3 years
How far is ABEV annual operating margin from its all-time high?: ABEV annual operating margin is currently -44.25% below its historical high of 40.68% set on December 31, 2011
How does ABEV annual operating margin rank versus sector peers?: ABEV annual operating margin is higher than 92.68% of companies in Consumer Defensive sector
When is ABEV next annual earnings release?: The next annual earnings release for ABEV is on February 11, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

22.65%2.33%+11.47%

September 30, 2026

Summary

Current Value: As of today, ABEV quarterly operating margin is 22.65%, up +11.47% on September 30, 2026
Historical Performance: ABEV quarterly operating margin is down -3.33% year-over-year, up +3.71% over the past 3 years
All-Time High Comparison: ABEV quarterly operating margin is currently -51.50% below its historical high of 46.70% set on December 31, 2012
3-Year Low Comparison: ABEV quarterly operating margin is +27.32% above its 3-year low of 17.79% reached on June 30, 2024
Sector Comparison: ABEV quarterly operating margin is higher than 91.24% of companies in Consumer Defensive sector

Performance

ABEV Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Sep 30, 26	22.65%	+11.5%	-3.3%	+3.7%	+9.1%
Annual Operating Margin	Dec 31, 25	22.68%	–	+3.6%	+11.2%	-3.2%
Price	Nov 13, 26	$2.76	-2.8%	+9.5%	+0.7%	-12.1%
PE Ratio	Nov 13, 26	14.26	-1.7%	+1.4%	-2.7%	-15.3%
Quarterly Revenue	Sep 30, 26	$4.20B	+5.4%	+9.9%	+1.0%	+18.8%
Quarterly Operating Profit	Sep 30, 26	$952.06M	+17.5%	+6.2%	+4.7%	+29.6%
Quarterly Gross Margin	Sep 30, 26	47.58%	-1.4%	-0.7%	+2.5%	+0.7%
Quarterly Net Margin	Sep 30, 26	20.22%	+17.2%	-13.3%	+2.3%	+0.7%

Quarterly Operating Margin Highs

ABEV Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	25.10%	Dec 31, 25	-9.8%
3Y	25.76%	Dec 31, 24	-12.1%
5Y	25.76%	Dec 31, 24	-12.1%
All	46.70%	Dec 31, 12	-51.5%

Quarterly Operating Margin Lows

ABEV Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	20.32%	Jun 30, 26	+11.5%
3Y	17.79%	Jun 30, 24	+27.3%
5Y	16.78%	Jun 30, 23	+35.0%
All	0.67%	Dec 31, 18	+3280.6%

Quarterly Operating Margin History

Month	Value	Change
Sep 2026	22.65%	+11.5%
Jun 2026	20.32%	-14.6%
Mar 2026	23.78%	-5.3%
Dec 2025	25.10%	+7.1%
Sep 2025	23.43%	+22.0%
Jun 2025	19.20%	-14.4%
Mar 2025	22.44%	-12.9%
Dec 2024	25.76%	+19.8%
Sep 2024	21.51%	+20.9%
Jun 2024	17.79%	-16.2%
Mar 2024	21.22%	-17.0%
Dec 2023	25.57%	+17.1%
Sep 2023	21.84%	+30.2%
Jun 2023	16.78%	-22.2%
Mar 2023	21.57%	-0.8%
Dec 2022	21.74%	+21.5%
Sep 2022	17.89%	-14.2%
Jun 2022	20.86%	-0.9%
Mar 2022	21.06%	-6.9%
Dec 2021	22.62%	+8.9%
Sep 2021	20.77%	-14.1%
Jun 2021	24.19%	+3.8%
Mar 2021	23.30%	-17.8%
Dec 2020	28.36%	+23.8%
Sep 2020	22.90%	+36.0%
Jun 2020	16.84%	-26.4%
Mar 2020	22.89%	-31.6%
Dec 2019	33.46%	+32.3%
Sep 2019	25.29%	-9.1%
Jun 2019	27.83%	-8.5%
Mar 2019	30.42%	+4,440.3%
Dec 2018	0.67%	-97.7%
Sep 2018	28.97%	-1.8%
Jun 2018	29.49%	-3.2%
Mar 2018	30.45%	-22.3%
Dec 2017	39.17%	+32.4%
Sep 2017	29.58%	0.0%
Jun 2017	29.58%	-3.6%
Mar 2017	30.68%	-19.9%
Dec 2016	38.32%	+43.9%
Sep 2016	26.63%	-7.4%
Jun 2016	28.75%	-16.6%
Mar 2016	34.47%	-17.1%
Dec 2015	41.58%	+17.5%
Sep 2015	35.40%	+17.1%
Jun 2015	30.24%	-17.1%
Mar 2015	36.46%	-16.8%
Dec 2014	43.82%	+21.1%
Sep 2014	36.18%	+22.3%
Jun 2014	29.59%	-18.2%
Mar 2014	36.17%	-21.7%
Dec 2013	46.17%	+20.5%
Sep 2013	38.30%	+20.5%
Jun 2013	31.78%	-10.7%
Mar 2013	35.59%	-23.8%
Dec 2012	46.70%	+22.0%
Sep 2012	38.27%	+10.4%
Jun 2012	34.68%	-12.6%
Mar 2012	39.68%	-13.2%

Month	Value	Change
Dec 2011	45.73%	+19.4%
Sep 2011	38.31%	+6.3%
Jun 2011	36.04%	-9.6%
Mar 2011	39.86%	-3.7%
Dec 2010	41.38%	+14.1%
Sep 2010	36.26%	+4.5%
Jun 2010	34.69%	-10.4%
Mar 2010	38.72%	+5.8%
Dec 2009	36.61%	+4.8%
Sep 2009	34.92%	-2.8%
Jun 2009	35.94%	-5.1%
Mar 2009	37.86%	-11.1%
Dec 2008	42.58%	+19.4%
Sep 2008	35.65%	+28.1%
Jun 2008	27.82%	-22.7%
Mar 2008	35.99%	+36.9%
Dec 2007	26.29%	-1.6%
Sep 2007	26.72%	+11.6%
Jun 2007	23.95%	-15.7%
Mar 2007	28.42%	-19.5%
Dec 2006	35.30%	+65.1%
Sep 2006	21.38%	-1.2%
Jun 2006	21.64%	-17.3%
Mar 2006	26.17%	+1.2%
Dec 2005	25.85%	+31.8%
Sep 2005	19.61%	-7.9%
Jun 2005	21.29%	+18.2%
Mar 2005	18.01%	-6.8%
Dec 2004	19.32%	+20.8%
Sep 2004	16.00%	-7.9%
Jun 2004	17.38%	-25.4%
Mar 2004	23.31%	-11.1%
Dec 2003	26.23%	+34.0%
Sep 2003	19.58%	+171.2%
Jun 2003	7.22%	-58.6%
Mar 2003	17.43%	-47.4%
Dec 2002	33.11%	+67.7%
Sep 2002	19.74%	+13.2%
Jun 2002	17.44%	+21.7%
Mar 2002	14.33%	-24.1%
Dec 2001	18.88%	+88.2%
Sep 2001	10.03%	+6.4%
Jun 2001	9.43%	+238.0%
Mar 2001	2.79%	-86.0%
Dec 2000	19.95%	+111.3%
Sep 2000	9.44%	+192.3%
Jun 2000	3.23%	-53.1%
Mar 2000	6.88%	-69.0%
Dec 1999	22.17%	+91.9%
Sep 1999	11.55%	+36.5%
Jun 1999	8.46%	-29.6%
Mar 1999	12.01%	-6.0%
Dec 1998	12.77%	-16.4%
Sep 1998	15.28%	-13.5%
Jun 1998	17.66%	+52.0%
Mar 1998	11.62%	-62.9%
Dec 1997	31.31%	+326.6%
Sep 1997	7.34%	+124.5%
Jun 1997	3.27%	-

FAQ

What is the current quarterly operating margin of ABEV?: As of today, ABEV quarterly operating margin is 22.65%
What is ABEV quarterly operating margin most recent change?: ABEV quarterly operating margin was up +11.47% on September 30, 2026
What is 1-year change in ABEV quarterly operating margin?: ABEV quarterly operating margin is down -3.33% year-over-year
How far is ABEV quarterly operating margin from its all-time high?: ABEV quarterly operating margin is currently -51.50% below its historical high of 46.70% set on December 31, 2012
How does ABEV quarterly operating margin rank versus sector peers?: ABEV quarterly operating margin is higher than 91.24% of companies in Consumer Defensive sector
When is ABEV next earnings release?: The next earnings release for ABEV is on February 11, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Data Sources & References

ABEV Official Website www.ambev.com.br
ABEV Profile on Yahoo Finance finance.yahoo.com/quote/ABEV
ABEV Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/abev