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ABEV on NYSE

AmBev

Logo: Ambev, Public domain, via Wikimedia Commons5

Brazilian brewing company

Ambev, formally Companhia de Bebidas das Américas and Companhia Brasileira de Bebidas, is a Brazilian brewing company now merged into Anheuser-Busch InBev. Its name translates to "The Americas Beverage Company", hence the "Ambev" abbreviation. It was created on July 1, 1999, with the merger of two breweries, Brahma and Antarctica.3 It was founded by Beto Sicupira.1 Its shares trade on NYSE under the symbol ABEV.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

88.2BRevenue, fiscal 20256
16.0BNet income, fiscal 20256
1999Founded1

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  • TickerABEV on NYSE1
  • Industrybeverage industry1
  • HeadquartersSão Paulo1
  • Websitewww.ambev.com.br
  • Legal formS.A.1
  • Listed onNew York Stock Exchange (ABEV), São Paulo Stock Exchange (ABEV3)1
  • Incorporated inBrazil7
  • Business addressRua Dr. Renato Paes De Barros, 1017, 3 Andar Parte, Sao Paulo7
  • Filer categoryLarge accelerated filer7
  • LEI549300TH5Q6VRP8OT0124
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressRUA DR. RENATO PAES DE BARROS, 1017, 04530-001 Sao Paulo, Brazil4
  • Registered withJUCESP Board of Trade of State of Sao Paulo, 07.526.557/0001-004

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Ambev, formally Companhia de Bebidas das Américas and Companhia Brasileira de Bebidas, is a Brazilian brewing company now merged into Anheuser-Busch InBev. Its name translates to "The Americas Beverage Company", hence the "Ambev" abbreviation. It was created on July 1, 1999, with the merger of two breweries, Brahma and Antarctica. The merger was approved by the board of directors of the Brazilian Administrative Council for Economic Defense (CADE) on March 30, 2000. The organization's headquarters are in São Paulo, Brazil. It is one of the largest companies by market capitalization in Brazil and in the Southern Hemisphere. Belonging to the Anheuser-Busch InBev group, it is the largest beer manufacturer in the world. It controls about 69% of the Brazilian beer market, is the 11th largest company in the country in net revenue and is a manufacturer of soft drinks, energy drinks, juices, teas, and mineral water.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in BRL, the currency the company reports in.

Key numbers, fiscal 2025

51.4%Gross margin6
26.4%Operating margin6
18.1%Net margin6
-1.4%Revenue growth, 20256
18.0%Return on equity6
0.03×Debt to equity6
19.9B BRLFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue49¢42.9B BRL
  • Other costs28¢25.0B BRL
  • Interest5¢4.4B BRL
  • Profit18¢16.0B BRL

Out of 88.2B BRL in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending19¢4.6B BRL
  • Kept or used elsewhere81¢19.9B BRL

Out of 24.5B BRL of cash from operations.6

Financial statements

Revenue1112131415688.2B BRL in 2025+76% since 2018
025.0B BRL50.0B BRL75.0B BRL100.0B BRL2018: 50.2B BRL50.2B BRL20182019: 52.0B BRL52.0B BRL2019+4%2020: 58.4B BRL58.4B BRL2020+12%2021: 72.9B BRL72.9B BRL2021+25%2022: 79.7B BRL79.7B BRL2022+9%2023: 79.7B BRL79.7B BRL2023+0%2024: 89.5B BRL89.5B BRL2024+12%2025: 88.2B BRL88.2B BRL2025−1%
Gross profit1112131415645.4B BRL in 2025+46% since 2018
020.0B BRL40.0B BRL60.0B BRL2018: 31.0B BRL31.0B BRL20182019: 30.3B BRL30.3B BRL2019−2%2020: 31.3B BRL31.3B BRL2020+3%2021: 37.2B BRL37.2B BRL2021+19%2022: 39.3B BRL39.3B BRL2022+6%2023: 40.4B BRL40.4B BRL2023+3%2024: 45.8B BRL45.8B BRL2024+13%2025: 45.4B BRL45.4B BRL2025−1%
Operating income1112131415623.3B BRL in 2025+36% since 2018
010.0B BRL20.0B BRL30.0B BRL2018: 17.2B BRL17.2B BRL20182019: 16.1B BRL16.1B BRL2019−6%2020: 16.0B BRL16.0B BRL2020−1%2021: 17.1B BRL17.1B BRL2021+7%2022: 17.7B BRL17.7B BRL2022+4%2023: 18.8B BRL18.8B BRL2023+6%2024: 21.8B BRL21.8B BRL2024+16%2025: 23.3B BRL23.3B BRL2025+7%
Net income1112131415616.0B BRL in 2025+41% since 2018
05.0B BRL10.0B BRL15.0B BRL20.0B BRL2018: 11.3B BRL11.3B BRL20182019: 12.2B BRL12.2B BRL2019+7%2020: 11.7B BRL11.7B BRL2020−4%2021: 13.1B BRL13.1B BRL2021+12%2022: 14.9B BRL14.9B BRL2022+13%2023: 15.0B BRL15.0B BRL2023+0%2024: 14.8B BRL14.8B BRL2024−1%2025: 16.0B BRL16.0B BRL2025+8%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Net sales88.2B BRL89.5B BRL79.7B BRL
Cost of sales-42.9B BRL-43.6B BRL-39.3B BRL
Gross profit45.4B BRL45.8B BRL40.4B BRL
Distribution expenses-10.9B BRL-11.6B BRL-10.8B BRL
Commercial expenses-8.3B BRL-8.6B BRL-7.4B BRL
Administrative expenses-5.9B BRL-6.2B BRL-5.3B BRL
Other operating income/(expenses)2.4B BRL2.5B BRL2.0B BRL
Exceptional items643.3M BRL-100.8M BRL-206.4M BRL
Income from operations23.3B BRL21.8B BRL18.8B BRL
Finance income2.2B BRL2.4B BRL2.1B BRL
Finance expenses-4.4B BRL-4.0B BRL-4.9B BRL
Other net financial results-1.8B BRL-713.6M BRL-776.5M BRL
Net financial results-4.0B BRL-2.3B BRL-3.6B BRL
Share of results of associates and joint ventures105.8M BRL3.9M BRL-185.3M BRL
Income before income tax19.4B BRL19.5B BRL15.0B BRL
Income tax expenses-3.4B BRL-4.6B BRL-75.5M BRL
Net income16.0B BRL14.8B BRL15.0B BRL
Equity holders of Ambev15.5B BRL14.4B BRL14.5B BRL
Non-controlling interest485.0M BRL409.7M BRL458.5M BRL
Net income16.0B BRL14.8B BRL15.0B BRL
Basic earnings per share common R$0.99 BRL0.92 BRL0.92 BRL
Diluted earnings per share common R$0.99 BRL0.91 BRL0.92 BRL

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Corporate structure

AmBev is part of a group headed by Anheuser-Busch InBev. 72 entities, 29 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What AmBev reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net27.6B BRL6 Dec 31, 202530.2B BRL6 Dec 31, 2024−8.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents18.6B BRL6 Dec 31, 202528.6B BRL6 Dec 31, 2024−34.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill41.5B BRL6 Dec 31, 202544.3B BRL6 Dec 31, 2024−6.3%
Intangible assets, net (excluding goodwill)11.0B BRL6 Dec 31, 202512.5B BRL6 Dec 31, 2024−11.9%

Inventory

ItemLatestA year beforeChange
Inventory, total10.5B BRL6 Dec 31, 202511.7B BRL6 Dec 31, 2024−10.0%

The story

Founded by Beto Sicupira in 1999.1

Leadership

Who has led AmBev, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Lisboa Carlos Eduardo Klutzenschell2026–now
200020052010201520202025
Board members and other officers (19)

Products and brands

  • beer

Listed on Wikidata.1

Other beverages

Água Ama

Do Bem

Fusion

Former brands

Frutzzz

Read the full text

Guarah

Liber

Propel - Hydractive

From Wikipedia’s article on Ambev, shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Parent company

Owners

Subsidiaries

Subsidiaries (GLEIF)

Also consolidated

From Wikidata.1 Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Former names

  • InBev Corporate Holdings Inc.Dec 20, 2012 to Mar 20, 20137

Timeline

  1. Mar 18, 2026New chief executive Lisboa Carlos Eduardo Klutzenschell becomes CEO17
  2. 1999Founded Founded1

Calendar

Coming up

  1. Oct 29, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.04 a share, on Oct 30, 2025.37

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

446 filings to the SEC since October 2021: 5 annual reports, 40 insider forms, 401 other. The latest 20:

  1. Oct 14, 20266-K EDGAR
  2. Oct 9, 20266-K EDGAR
  3. Oct 9, 20266-K EDGAR
  4. Oct 8, 20264 EDGAR
  5. Sep 11, 20263 EDGAR
  6. Sep 9, 20266-K EDGAR
  7. Sep 9, 20266-K EDGAR
  8. Aug 14, 20266-K EDGAR
  9. Aug 14, 20266-K EDGAR
  10. Aug 14, 20266-K EDGAR
  11. Aug 10, 20266-K EDGAR
  12. Aug 10, 20266-K EDGAR
  13. Jul 31, 20266-K EDGAR
  14. Jul 31, 20264 EDGAR
  15. Jul 30, 20266-K EDGAR
  16. Jul 30, 20266-K EDGAR
  17. Jul 30, 20266-K EDGAR
  18. Jul 30, 20266-K EDGAR
  19. Jul 30, 20266-K EDGAR
  20. Jul 30, 2026144 EDGAR

The 446 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

4 open-market trades by officers, directors and large owners since October 2021: 0 buys and 4 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 30, 2026Moreira Ricardo Manuel Frangatos PiresDirectorSale468,040$3.08$1.4MForm 4
May 5, 2026Zagman Paulo AndreSee RemarksSale136,250$3.41$464.6KForm 4
Mar 27, 2026Cavalcanti de Lacerda Eduardo BragaSee RemarksSale152,386$2.85$434.3KForm 4
Mar 24, 2026Malik Parente GuilhermeSee RemarksSale20,971$2.76$57.9KForm 4

From Forms 4 filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
First Eagle Investment Management, LLC698,646,434$2.2B1.8%+351,661,877
GQG Partners LLC185,072,397$581.1M1.1%−1,965,141
BlackRock, Inc.33,059,703$103.8M0.0%−1,886,144
Goldman Sachs Group Inc28,979,606$91.0M0.0%+12,751,142
Loomis Sayles & Co L P27,000,448$84.8M0.1%+6,509,817
Renaissance Technologies LLC24,910,000$78.2M0.1%−2,444,300
Seafarer Capital Partners, LLC24,069,000$75.6M17.4%−4,000,000
Nomura Asset Management International Inc.22,996,163$72.2M0.1%+5,047,893
Brandes Investment Partners, LP20,526,907$64.5M0.5%−2,548,766
Exchange Traded Concepts, LLC13,630,016$42.8M0.2%+3,674,553
Bank Of America Corp /de/12,870,831$40.4M0.0%−3,434,610
Morgan Stanley12,751,317$40.0M0.0%+2,430,011
Allspring Global Investments Holdings, LLC11,833,198$36.8M0.1%−493,354
Arrowstreet Capital, Limited Partnership11,492,766$36.1M0.0%New
Private Management Group Inc10,843,977$34.1M0.9%−454,897
RWC Asset Management LLP10,547,747$33.1M1.4%+208,838
Citadel Advisors LLC10,037,912$31.5M0.0%+3,510,926
Dimensional Fund Advisors LP9,877,828$31.0M0.0%−362,924
Massachusetts Financial Services Co /ma/10,715,332$29.4M0.0%−15,754,667
State Street Corp8,283,804$26.4M0.0%−576,607
Kiltearn Partners LLP7,567,886$23.8M5.8%−262,214
DJE Kapital AG6,959,168$23.1M0.4%+1,827,893
Marshall Wace, Llp7,144,205$22.4M0.0%+5,711,758
Foundation Resource Management Inc7,085,184$22.2M2.6%−21,167
UBS Group AG6,243,950$19.6M0.0%−306,316

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

9 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Feb 7, 2025Josh GottheimerDemocratic, HouseSale$1,001 - $15,000−50.3%Report
Feb 6, 2025Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000−51.5%Report
Jan 27, 2025Josh GottheimerDemocratic, HouseBuy$1,001 - $15,000+51.0%Report
Dec 27, 2024Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000−46.2%Report
Jul 31, 2024Josh GottheimerDemocratic, HouseBuy$1,001 - $15,000+19.6%Report
Jul 19, 2024Josh GottheimerDemocratic, HouseBuy$1,001 - $15,000+15.3%Report
Jun 18, 2024Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000−17.5%Report
Feb 17, 2021Peter Meijer, HouseSale$15,001 - $50,000+82.1%Report
Jun 24, 2019Donna Shalala, HouseSale$1,001 - $15,000+194.6%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How AmBev is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAMBEV S.A.2
  • CIK0001565025
  • Filer statusLarge accelerated filer not an emerging growth company; a shell company38
  • Incorporated inD538
  • Fiscal year endsDecember 312
  • Industry code (SIC)2080 Beverages2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business addressRua Dr. Renato Paes De Barros, 1017, 3 Andar Parte, Sao Paulo, Brazil2
  • Phone55(11)2122-14142
  • Shares outstanding15,761,638,756 shares as of Dec 31, 202538
  • AuditorPricewaterhouseCoopers Auditores Independentes Ltda., São Paulo, Brazil PCAOB ID 1351; it also attests to the company’s internal control over financial reporting38
  • On EDGAR sinceDec 20, 20122
  • Filings1,100 in all: 6-K (913), 6-K/A (69), 3 (21), 425 (19), 20-F (13), 4 (12), UPLOAD (12), CORRESP (11)2
    All 22 form types

    3/A (7), SC 13D/A (6), DRSLTR (3), 144 (2), DRS/A (2), EFFECT (2), 20-F/A (1), 8-A12B (1), CERTNYS (1), DRS (1), F-4 (1), F-4/A (1), F-6 (1), F-6EF (1)

  • Latest filingsAnnual report (20-F) Mar 3, 2026

Securities registered for trading

ClassSymbolExchange
American Depositary SharesABEVNew York Stock Exchange

From the cover page of the 20-F filed Mar 3, 2026 (Section 12(b) of the Exchange Act).38

Sources

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