Fomento Económico Mexicano, S.A.B. de C.V. (FMX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 11.83B | 12.03B | 11.52B | 11.34B | 9.48B | 10.01B | 196.77B | 198.74B | 176.76B | 182.88B | 181.68B | 178.7B | 159.42B | 145.57B | 157.69B | 145.98B | 147.77B | 151.99B | 142.44B | 137.34B |
| Revenue Growth % | 24.85% | 20.12% | -94.15% | -94.29% | -94.64% | -94.53% | 8.31% | 11.21% | 10.88% | 25.63% | 15.21% | 22.41% | 7.89% | -4.22% | 10.71% | 6.3% | 18.69% | 17.08% | 12.6% | 19.99% |
| Cost of Goods Sold | 7.04B | 7.03B | 6.92B | 6.73B | 5.66B | 5.64B | 117.4B | 116.31B | 108.42B | 105.54B | 110.88B | 109.4B | 97.37B | 73.78B | 98.68B | 89.8B | 93.24B | 91.88B | 89.35B | 83.36B |
| COGS % of Revenue | 59.53% | 58.46% | 60.07% | 59.35% | 59.7% | 56.33% | 59.66% | 58.52% | 61.34% | 57.71% | 61.03% | 61.22% | 61.08% | 50.68% | 62.58% | 61.51% | 63.1% | 60.45% | 62.73% | 60.7% |
| Gross Profit | 4.79B | 5B | 4.6B | 4.61B | 3.82B | 4.37B | 79.37B | 82.44B | 68.34B | 77.34B | 70.8B | 69.3B | 62.05B | 71.79B | 59.02B | 56.18B | 54.53B | 60.1B | 53.09B | 53.97B |
| Gross Margin % | 40.47% | 41.54% | 39.93% | 40.65% | 40.3% | 43.67% | 40.34% | 41.48% | 38.66% | 42.29% | 38.97% | 38.78% | 38.92% | 49.32% | 37.42% | 38.49% | 36.9% | 39.55% | 37.27% | 39.3% |
| Gross Profit Growth % | 25.38% | 14.26% | -94.2% | -94.41% | -94.41% | -94.35% | 12.1% | 18.95% | 10.13% | 7.74% | 19.97% | 23.35% | 13.8% | 19.44% | 11.15% | 4.1% | 17.16% | 16.03% | 9.39% | 24.03% |
| Operating Expenses | 3.97B | 3.68B | 3.64B | 3.67B | 3.21B | 6.63B | 62.08B | 65.03B | 55.91B | 128.82B | 55.45B | 44.48B | 50.76B | 111.94B | 44.96B | 42.11B | 42.51B | 99.52B | 38.17B | 39.46B |
| OpEx % of Revenue | 33.51% | 30.59% | 31.6% | 32.34% | 33.9% | 66.26% | 31.55% | 32.72% | 31.63% | 70.44% | 30.52% | 24.89% | 31.84% | 76.9% | 28.51% | 28.85% | 28.77% | 65.48% | 26.79% | 28.74% |
| Selling, General & Admin | 3.89B | 3.74B | 3.68B | 3.67B | 3.16B | 3.3B | 62.23B | 64.65B | 55.16B | 59.31B | 55.91B | 53.27B | 50.81B | 55.07B | 44.78B | 41.69B | 42.61B | 44.68B | 40.16B | 39.86B |
| SG&A % of Revenue | 32.91% | 31.09% | 31.99% | 32.37% | 33.39% | 33% | 31.62% | 32.53% | 31.21% | 32.43% | 30.77% | 29.81% | 31.87% | 37.83% | 28.4% | 28.56% | 28.84% | 29.4% | 28.2% | 29.02% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | -1000K | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | -1000K | -1000K |
| Operating Income | 823.81M | 1.32B | 960.26M | 942.3M | 606.89M | -2.26B | 17.29B | 17.41B | 12.43B | -51.47B | 15.35B | 24.83B | 11.29B | -40.15B | 14.06B | 14.07B | 12.02B | -39.42B | 14.93B | 14.51B |
| Operating Margin % | 6.96% | 10.95% | 8.34% | 8.31% | 6.4% | -22.59% | 8.79% | 8.76% | 7.03% | -28.15% | 8.45% | 13.89% | 7.08% | -27.58% | 8.91% | 9.64% | 8.13% | -25.94% | 10.48% | 10.57% |
| Operating Income Growth % | 35.74% | 158.19% | -94.45% | -94.59% | -95.12% | 95.61% | 12.6% | -29.88% | 10.05% | -28.21% | 9.22% | 76.47% | -6.07% | -1.85% | -5.82% | -3.04% | 20.43% | -108.12% | 69.07% | 4405.75% |
| EBITDA | 1.61B | 2.15B | 1.64B | 1.32B | 944.4M | -2.03B | 23.06B | 26.93B | 22.24B | -47.97B | 22.09B | 32.92B | 19.46B | -36.13B | 20.57B | 21.39B | 19.12B | -34.35B | 21.87B | 21.37B |
| EBITDA Margin % | 13.61% | 17.85% | 14.26% | 11.62% | 9.96% | -20.29% | 11.72% | 13.55% | 12.58% | -26.23% | 12.16% | 18.42% | 12.21% | -24.82% | 13.05% | 14.65% | 12.94% | -22.6% | 15.35% | 15.56% |
| EBITDA Growth % | 70.52% | 205.65% | -92.88% | -95.11% | -95.75% | 95.77% | 4.43% | -18.2% | 14.28% | -32.75% | 7.35% | 53.94% | 1.81% | -5.2% | -5.92% | 0.06% | 13.76% | -143.85% | 38.39% | 194.21% |
| D&A (Non-Cash Add-back) | 786.6M | 829.64M | 682.52M | 375.15M | 337.51M | 230.65M | 5.78B | 9.52B | 9.82B | 3.5B | 6.73B | 8.1B | 8.17B | 4.01B | 6.51B | 7.32B | 7.1B | 5.07B | 6.94B | 6.86B |
| EBIT | 823.81M | 1.32B | 960.26M | 942.3M | 606.89M | 826.21M | 17.29B | 17.41B | 12.43B | 2.98B | 15.35B | 24.83B | 11.29B | 22.59B | 14.06B | 14.07B | 12.02B | 10.89B | 14.93B | 14.51B |
| Net Interest Income | -240.32M | -51.7M | -193.6M | -174.38M | -147.69M | -575.56K | -2.21B | -1.46B | -1.97B | -3.58B | -475.6M | -550M | 5.02B | -753.27M | -2.45B | -3.87B | -3.21B | -1.67B | -3.65B | -4.61B |
| Interest Income | 65.6M | 87.42M | 103.62M | 110.04M | 103.48M | 135.16M | 2.25B | 4.14B | 2.69B | 4.65B | 2.59B | 1.85B | 8.83B | 1.15B | 1.16B | 1.14B | 729M | 588M | 329M | 283M |
| Interest Expense | 305.92M | 139.12M | 297.22M | 284.42M | 251.19M | 135.74M | 4.45B | 5.6B | 4.66B | 8.23B | 3.06B | 2.4B | 3.81B | 1.91B | 3.62B | 5.01B | 3.94B | 2.25B | 3.98B | 4.88B |
| Other Income/Expense | 389.35M | -369.67M | -275.01M | -401.01M | -63.2M | 3.02B | 1.64B | 4.4B | -3.38B | 57.8B | 4.32B | -6.61B | 1.9B | 56.33B | -1.21B | -2.97B | -5.56B | 53.63B | 5.32B | -5.94B |
| Pretax Income | 1.21B | 946.66M | 685.25M | 541.28M | 543.69M | 755.13M | 18.93B | 21.81B | 9.05B | 6.33B | 19.67B | 18.22B | 13.19B | 16.19B | 12.85B | 11.1B | 6.46B | 14.21B | 20.25B | 8.57B |
| Pretax Margin % | 10.25% | 7.87% | 5.95% | 4.77% | 5.74% | 7.54% | 9.62% | 10.97% | 5.12% | 3.46% | 10.83% | 10.19% | 8.27% | 11.12% | 8.15% | 7.6% | 4.37% | 9.35% | 14.22% | 6.24% |
| Income Tax | 208.66M | 382.68M | 203.14M | 232.8M | 230.88M | 457.93M | 5.94B | 6.56B | 3.38B | -3.03B | 6.4B | 5.52B | 4.08B | 2.15B | 4.48B | 4.61B | 2.03B | 4.1B | 4.21B | 3.31B |
| Effective Tax Rate % | 17.2% | 40.42% | 29.65% | 43.01% | 42.47% | 60.64% | 31.35% | 30.06% | 37.36% | -47.8% | 32.54% | 30.27% | 30.94% | 13.29% | 34.88% | 41.54% | 31.43% | 28.85% | 20.77% | 38.64% |
| Net Income | 844.31M | 465.8M | 129.54M | 145.51M | 281.45M | 257.5M | 5.9B | 12.59B | 2.87B | 1.72B | 9.74B | 6.15B | 48.07B | 3.93B | 10.75B | 5.23B | 4B | 6.73B | 14.11B | 3.09B |
| Net Margin % | 7.14% | 3.87% | 1.12% | 1.28% | 2.97% | 2.57% | 3% | 6.33% | 1.62% | 0.94% | 5.36% | 3.44% | 30.15% | 2.7% | 6.82% | 3.59% | 2.71% | 4.43% | 9.91% | 2.25% |
| Net Income Growth % | 199.99% | 80.89% | -97.8% | -98.84% | -90.18% | -85.06% | -39.45% | 104.64% | -94.04% | -56.12% | -9.36% | 17.54% | 1101.65% | -41.62% | -23.86% | 69.5% | -12.38% | 643.35% | 337.95% | 126.4% |
| Net Income (Continuing) | 1B | 563.98M | 482.11M | 308.49M | 312.81M | 297.21M | 13B | 15.26B | 5.67B | 9.36B | 13.27B | 12.7B | 9.11B | 14.03B | 8.37B | 6.49B | 4.43B | 10.11B | 16.05B | 5.26B |
| Discontinued Operations | 0 | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | -1000K | -1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 |
| Minority Interest | 4.5B | 4.68B | 82.53B | 4.26B | 4.34B | 4.01B | 82.29B | 75.1B | 70.24B | 74.51B | 4.29B | 70.69B | 69.26B | 75.2B | 72.11B | 70.57B | 70.78B | 72.52B | 69.89B | 68.24B |
| EPS (Diluted) | 0.14 | 0.98 | 0.87 | 0.44 | 0.45 | 0.27 | 27.00 | 35.20 | 7.70 | 17.90 | 28.70 | 17.10 | 133.30 | 13.50 | 30.00 | 14.60 | 7.20 | 18.80 | 39.40 | 8.60 |
| EPS Growth % | -68.89% | 262.96% | -96.78% | -98.75% | -94.16% | -98.49% | -5.92% | 105.85% | -94.22% | 32.59% | -4.33% | 17.12% | 1751.39% | -28.19% | -23.86% | 69.77% | -43.75% | 637.14% | 337.78% | 126.3% |
| EPS (Basic) | 0.14 | 0.98 | 0.87 | 0.44 | 0.45 | 0.27 | 27.00 | 35.20 | 7.70 | 17.90 | 28.70 | 17.10 | 133.30 | 13.50 | 30.00 | 14.60 | 7.20 | 18.80 | 39.40 | 8.60 |
| Diluted Shares Outstanding | 335.05M | 335.05M | 335.05M | 347M | 347M | 347M | 351.33M | 351.33M | 351.33M | 351.33M | 351.33M | 351.33M | 351.33M | 351.33M | 351.33M | 351.33M | 351.33M | 351.33M | 351.33M | 351.33M |
| Basic Shares Outstanding | 335.05M | 335.05M | 335.05M | 347M | 347M | 347M | 351.33M | 351.33M | 351.33M | 351.33M | 351.33M | 351.33M | 351.33M | 351.33M | 351.33M | 351.33M | 351.33M | 351.33M | 351.33M | 351.33M |
| Dividend Payout Ratio | 79.28% | 345.54% | 10589.38% | 520.35% | 104.27% | 169.14% | 136.95% | 62.92% | - | 163.74% | 1.43% | 150.93% | - | 221.39% | 0.72% | 166.86% | - | 98.96% | 0.56% | 215.77% |