FMX Income Statement

Financials in millions MXN. Fiscal year is January - December.

Millions MXN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	840,954	781,585	702,692	597,008	505,460
Revenue Growth (YoY)	7.60%	11.23%	17.70%	18.11%	2.53%
Cost of Revenue	499,378	460,072	423,185	355,490	299,276
Gross Profit	341,576	321,513	279,507	241,518	206,184
Selling, General & Admin	268,649	251,051	221,039	177,222	151,992
Other Operating Expenses	2,816	5,852	-6,850	1,845	-1,841
Total Operating Expenses	271,465	256,903	214,189	179,067	150,151
Operating Income	70,111	64,610	65,318	62,451	56,033
Interest Income	7,662	11,910	17,609	3,769	1,488
Interest Expense	-21,303	-20,002	-14,916	-15,853	-16,630
Other Non-Operating Income (Expense)	-7,091	14,247	-9,315	-2,459	-619
Total Non-Operating Income (Expense)	-20,732	6,155	-6,622	-14,543	-15,761
Pretax Income	49,379	70,765	58,696	47,908	40,272
Provision for Income Taxes	19,860	25,433	12,971	13,275	13,566
Net Income	33,053	40,236	76,677	34,743	37,678
Net Income to Common	33,053	40,236	76,677	34,743	37,678
Net Income Growth	-17.85%	-47.52%	120.70%	-7.79%	903.14%
Shares Outstanding (Basic)	901	919	924	924	924
Shares Outstanding (Diluted)	901	920	925	925	925
Shares Change (YoY)	-2.04%	-0.48%	-	-	-
EPS (Basic)	9.10	13.40	16.70	11.20	10.10
EPS (Diluted)	9.10	13.30	16.70	11.20	10.10
EPS Growth	-31.58%	-20.36%	49.11%	10.89%	-
Shares Outstanding	1,730	1,738	1,765	1,786	17,891
Free Cash Flow	32,578	27,828	14,865	43,222	55,518
Free Cash Flow Growth	17.07%	87.20%	-65.61%	-22.15%	60.86%
Free Cash Flow Per Share	36.14	30.24	16.08	46.74	60.04
Dividends Per Share	-	4.583	4.397	3.664	3.400
Dividend Growth	-	4.22%	20.00%	7.78%	-
Gross Margin	40.62%	41.14%	39.78%	40.45%	40.79%
Operating Margin	8.34%	8.27%	9.30%	10.46%	11.09%
Profit Margin	3.93%	5.15%	10.91%	5.82%	7.45%
FCF Margin	3.87%	3.56%	2.12%	7.24%	10.98%
EBITDA	114,249	103,920	99,335	92,978	84,020
EBITDA Margin	13.59%	13.30%	14.14%	15.57%	16.62%
EBIT	70,111	64,610	65,318	62,451	56,033
EBIT Margin	8.34%	8.27%	9.30%	10.46%	11.09%
Effective Tax Rate	40.22%	35.94%	22.10%	27.71%	33.69%

Updated Feb 25, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q