Mexican Economic Development, Inc. income statement FMX

Annual Quarterly

In fiscal 2024, which ended Dec 31, 2024, Mexican Economic Development, Inc. reported revenue of $37.5 billion, down 9.9% from the year before. Net income was $1.9 billion, a profit margin of 5.1%. Across the 8 fiscal years shown, revenue grew from $23.4 billion in fiscal 2017 to $37.5 billion in fiscal 2024, about 6.9% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
FY 2020
Dec 31, 2020
FY 2019
Dec 31, 2019
FY 2018
Dec 31, 2018
FY 2017
Dec 31, 2017
Revenue
37,476
-9.9%
41,580
+20.4%
34,531
+27.3%
27,116
+9.4%
24,782
-7.8%
26,867
+12.3%
23,924
+2.0%
23,445
Cost of revenue
22,060
-11.9%
25,041
+15.8%
21,622
+29.5%
16,698
+9.5%
15,248
-8.8%
16,714
+11.4%
15,002
+1.5%
14,776
Gross profit
15,416
-6.8%
16,539
+28.1%
12,909
+23.9%
10,418
+9.3%
9,534
-6.1%
10,153
+13.8%
8,922
+2.9%
8,669
Pretax income
3,149
-40.6%
5,305
—
—
—
—
—
2,434
Income tax
—
—
738
+6.0%
696
-6.6%
745
+34.2%
555
+7.1%
518
-3.9%
539
Net income
1,930
-57.5%
4,536
+154.3%
1,784
-2.8%
1,836
+876.6%
188
-87.4%
1,488
-11.6%
1,684
-11.1%
1,895
Margins
Gross margin
41.14%
39.78%
37.38%
38.42%
38.47%
37.79%
37.29%
36.98%
Pretax margin
8.40%
12.76%
—
—
—
—
—
10.38%
Profit margin
5.15%
10.91%
5.17%
6.77%
0.76%
5.54%
7.04%
8.08%
Effective tax rate
—
—
—
—
—
—
—
22.14%
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.

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Company profile

Industry
Bottled & Canned Soft Drinks & Carbonated Waters (SIC 2086)
Listed as
FMX (NYSE)
Fiscal year ends
December 31
Incorporated in
Mexico
Headquarters
Monterrey, N.L.
SEC filer status
Large accelerated filer
SEC CIK
1061736

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.