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Financials · FMX

Fomento Economico Mexicano S.A.B. de C.V. (FMX) financials

For fiscal 2025 (ended Dec 31, 2025), Fomento Economico Mexicano S.A.B. de C.V. reported MXN 840.95B of revenue and MXN 33.05B of net income. Figures are in MXN, the currency of its SEC filings.

Revenue, FY2025
MXN 840.95B
Revenue growth, YoY
+7.6%
Net income, FY2025
MXN 33.05B
Net income growth, YoY
-17.9%
Net margin
3.9%
Cash
MXN 107.98B
Total debt
MXN 126.99B
Annual revenueMXN 840.95B
FY2016FY2025
Annual net incomeMXN 33.05B
FY2016FY2025
Annual free cash flowMXN 20.65B
FY2016FY2017

FMX revenue and earnings growth

FMX revenueFY2025MXN 840.95B

FY YoY
+7.6%
5Y CAGR
+11.3%
10Y CAGR
+10.4%

FMX revenue was MXN 840.95B for fiscal 2025 (ended Dec 31, 2025), up 7.6% from fiscal 2024. Compound annual growth was +11.3% over 5 years and +10.4% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 11 fiscal years on file.

FMX net incomeFY2025MXN 33.05B

FY YoY
-17.9%
5Y CAGR
+54.5%
10Y CAGR
+6.5%

FMX net income was MXN 33.05B for fiscal 2025 (ended Dec 31, 2025), down 17.9% from fiscal 2024. Compound annual growth was +54.5% over 5 years and +6.5% over 10 years. It rose in 4 of the last 10 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
RevenueMXN 840.95BMXN 781.59BMXN 702.69BMXN 597.01BMXN 505.46BMXN 492.97BMXN 506.71BMXN 469.74BMXN 439.93BMXN 399.51B
Cost of revenueMXN 499.38BMXN 460.07BMXN 423.19BMXN 355.49BMXN 299.28BMXN 303.31BMXN 315.23BMXN 294.57BMXN 277.84BMXN 251.30B
Gross profitMXN 341.58BMXN 321.51BMXN 279.51BMXN 241.52BMXN 206.18BMXN 189.65BMXN 191.48BMXN 175.17BMXN 162.09BMXN 148.20B
Selling, general and adminMXN 39.33BMXN 39.09BMXN 32.31BMXN 28.08BMXN 22.93BMXN 22.99BMXN 19.93BMXN 17.31BMXN 15.22BMXN 14.73B
Interest expenseMXN 21.30BMXN 20.00BMXN 14.92BMXN 15.85BMXN 16.63BMXN 17.52BMXN 14.13BMXN 9.82BMXN 11.09BMXN 9.65B
Pre-tax incomeMXN 52.91BMXN 65.67BMXN 89.65BMXN 49.14BMXN 51.96B---MXN 47.79BMXN 35.06B
Income taxMXN 19.96BMXN 27.39BMXN 27.29BMXN 15.35BMXN 15.14BMXN 14.82BMXN 10.48BMXN 10.17BMXN 10.21BMXN 7.89B
Net incomeMXN 33.05BMXN 40.24BMXN 76.68BMXN 34.74BMXN 37.68BMXN 3.76BMXN 28.05BMXN 33.08BMXN 37.21BMXN 27.18B

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalentsMXN 107.98BMXN 139.83BMXN 165.11BMXN 83.44BMXN 97.41BMXN 107.62BMXN 65.56BMXN 62.05BMXN 96.94BMXN 43.64B
ReceivablesMXN 48.32BMXN 43.19BMXN 38.86BMXN 45.53BMXN 33.90BMXN 28.25BMXN 29.63BMXN 28.16BMXN 32.32BMXN 26.22B
InventoryMXN 69.45BMXN 67.46BMXN 58.22BMXN 62.22BMXN 50.90BMXN 44.03BMXN 41.02BMXN 35.69BMXN 34.84BMXN 31.93B
Current assetsMXN 283.12BMXN 342.31BMXN 356.16BMXN 226.45BMXN 230.72BMXN 201.27BMXN 172.58BMXN 177.61BMXN 181.19BMXN 117.95B
Goodwill------MXN 0MXN 0MXN 0-
Total assetsMXN 795.88BMXN 851.54BMXN 805.86BMXN 798.82BMXN 737.50BMXN 684.85BMXN 637.54BMXN 576.38BMXN 588.54BMXN 545.62B
Current liabilitiesMXN 210.01BMXN 202.93BMXN 182.38BMXN 176.92BMXN 136.72BMXN 118.41BMXN 136.53BMXN 101.46BMXN 105.02BMXN 86.29B
Long-term debtMXN 126.99BMXN 141.48BMXN 128.37BMXN 173.40BMXN 185.94BMXN 179.86BMXN 101.75BMXN 114.99BMXN 117.76BMXN 131.97B
Total debtMXN 126.99BMXN 141.48BMXN 128.37BMXN 173.40BMXN 185.94BMXN 179.86BMXN 101.75BMXN 114.99BMXN 117.76BMXN 131.97B
Total liabilitiesMXN 466.52BMXN 470.40BMXN 427.49BMXN 461.01BMXN 402.38BMXN 377.66BMXN 311.79BMXN 240.84BMXN 251.63BMXN 259.45B
Shareholders' equityMXN 244.98BMXN 297.50BMXN 378.37BMXN 337.80BMXN 335.12BMXN 307.19BMXN 325.75BMXN 257.05BMXN 336.91BMXN 286.17B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow--------MXN 40.13BMXN 50.13B
Capital expendituresMXN 38.50BMXN 43.68BMXN 34.81BMXN 29.35BMXN 17.57BMXN 18.66BMXN 22.93BMXN 21.58BMXN 19.48BMXN 19.08B
Free cash flow--------MXN 20.65BMXN 31.05B
Investing cash flow--------MXN 31.42B-MXN 38.65B
Financing cash flow---------MXN 21.54BMXN 1.30B
Dividends paidMXN 49.92BMXN 25.08BMXN 18.80BMXN 17.51BMXN 13.40BMXN 15.87BMXN 13.63BMXN 12.93B--

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY7.6%11.2%17.7%18.1%2.5%-2.7%7.9%6.8%10.1%28.2%
Net income growth, YoY-17.9%-47.5%120.7%-7.8%903.1%-86.6%-15.2%-11.1%36.9%53.7%
Gross margin40.6%41.1%39.8%40.5%40.8%38.5%37.8%37.3%36.8%37.1%
Net margin3.9%5.1%10.9%5.8%7.5%0.8%5.5%7.0%8.5%6.8%
Free cash flow margin--------4.7%7.8%
Return on equity13.5%13.5%20.3%10.3%11.2%1.2%8.6%12.9%11.0%9.5%
Return on assets4.2%4.7%9.5%4.3%5.1%0.5%4.4%5.7%6.3%5.0%
Current ratio1.351.691.951.281.691.701.261.751.731.37
Debt to equity0.520.480.340.510.550.590.310.450.350.46

Source: XBRL data Fomento Economico Mexicano S.A.B. de C.V. files with the SEC, latest filing dated Apr 24, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

FMX peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
FMXMXN 840.95B+7.6%MXN 33.05B3.9%$44.24B
KO$51.05B+7.1%$14.63B28.7%$411.56B
PEP$98.24B+6.4%$10.90B11.1%$192.61B
KOFMXN 291.75B+4.3%MXN 23.84B8.2%$192.32B
BUD$59.32B-0.7%$6.84B11.5%$165.57B
MNST$9.58B+20.2%$2.17B22.7%$134.35B
DEO$27.76B-0.7%$1.96B7.1%$55.53B
CCEP€20.90B+2.3%€1.94B9.3%$52.72B
KDP$20.09B+27.5%$1.43B7.1%$49.84B

FMX FAQ

7 questions
  • What is FMX revenue?
    Fomento Economico Mexicano S.A.B. de C.V. (FMX) reported MXN 840.95B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 7.6% from the year before.
  • Is FMX profitable?
    Yes. Fomento Economico Mexicano S.A.B. de C.V. earned MXN 33.05B in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 3.9%.
  • How much cash and debt does FMX have?
    Fomento Economico Mexicano S.A.B. de C.V. reported MXN 107.98B in cash and cash equivalents and MXN 126.99B of debt on its most recent balance sheet in SEC filings.
  • How fast is FMX revenue growing?
    Fomento Economico Mexicano S.A.B. de C.V.'s revenue changed +7.6% in fiscal 2025, to MXN 840.95B. Its compound annual growth rate was +11.3% over 5 years and +10.4% over 10 years.
  • What is FMX gross margin?
    Fomento Economico Mexicano S.A.B. de C.V.'s gross profit was MXN 341.58B on MXN 840.95B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 40.6%.
  • When did FMX last report financial results?
    The latest statements here come from Fomento Economico Mexicano S.A.B. de C.V.'s 20-F filed on Apr 24, 2026, covering the period ended Dec 31, 2025.
  • Where does this FMX financial data come from?
    Quantisnow builds these statements from the structured XBRL data Fomento Economico Mexicano S.A.B. de C.V. files with the SEC. It is provided for information only and is not investment advice.