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FEMSA

FEMSA (NYSE: FMX) financial statements

The consolidated income statement, balance sheet and cash flow statement of FEMSA for its last 10 fiscal years, as filed with the regulator, in millions of Mexican pesos. At the end of fiscal 2025 it had MXN 795,877m in total assets and MXN 244,982m in equity.

Income statement

Item2025202420232022202120202019201820172016
RevenueMXN 840,954mMXN 781,585mMXN 702,692mMXN 597,008mMXN 505,460mMXN 492,966mMXN 506,711mMXN 469,744mMXN 439,932mMXN 399,507m
Cost of salesMXN 499,378mMXN 460,072mMXN 423,185mMXN 355,490mMXN 299,276mMXN 303,313mMXN 315,230mMXN 294,574mMXN 277,842mMXN 251,303m
Gross profitMXN 341,576mMXN 321,513mMXN 279,507mMXN 241,518mMXN 206,184mMXN 189,653mMXN 191,481mMXN 175,170mMXN 162,090mMXN 148,204m
Operating profitMXN 74,216mMXN 85,671mMXN 104,564mMXN 64,991mMXN 68,586m———MXN 58,881mMXN 44,709m
Finance costsMXN 21,303mMXN 20,002mMXN 14,916mMXN 16,314mMXN 16,938mMXN 17,516mMXN 14,133mMXN 9,825mMXN 11,124mMXN 9,646m
Profit before taxMXN 52,913mMXN 65,669mMXN 89,648mMXN 49,138mMXN 51,956m———MXN 47,789mMXN 35,063m
Income taxMXN 19,956mMXN 27,389mMXN 27,290mMXN 15,352mMXN 15,140mMXN 14,819mMXN 10,476mMXN 10,169mMXN 10,213mMXN 7,888m
Net profitMXN 33,053mMXN 40,236mMXN 76,677mMXN 34,743mMXN 37,678mMXN 3,756mMXN 28,048mMXN 33,079mMXN 42,408mMXN 21,140m
Depreciation and amortisationMXN 44,138mMXN 39,310mMXN 34,017mMXN 27,319mMXN 25,395mMXN 28,049mMXN 25,810mMXN 17,237mMXN 15,640mMXN 13,709m

Balance sheet

Item2025202420232022202120202019201820172016
Total assetsMXN 795,877mMXN 851,536mMXN 805,856mMXN 798,815mMXN 737,500mMXN 684,848mMXN 637,541mMXN 576,381mMXN 588,541mMXN 545,623m
Current assetsMXN 283,116mMXN 342,311mMXN 356,159mMXN 226,449mMXN 230,718mMXN 201,269mMXN 172,579mMXN 177,607mMXN 181,188mMXN 117,951m
InventoriesMXN 69,452mMXN 67,464mMXN 58,222mMXN 62,224mMXN 50,896mMXN 44,034mMXN 41,023mMXN 35,686mMXN 34,840mMXN 31,932m
Property, plant and equipmentMXN 189,672mMXN 177,511mMXN 141,530mMXN 134,001mMXN 115,147mMXN 113,106mMXN 114,513mMXN 108,602mMXN 116,712mMXN 102,223m
CashMXN 107,980mMXN 139,834mMXN 165,112mMXN 83,439mMXN 97,407mMXN 107,624mMXN 65,562mMXN 62,047mMXN 96,944mMXN 43,637m
Total liabilitiesMXN 466,525mMXN 470,405mMXN 427,487mMXN 461,014mMXN 402,383mMXN 377,661mMXN 311,790mMXN 240,839mMXN 251,629mMXN 259,453m
Current liabilitiesMXN 210,014mMXN 202,930mMXN 182,381mMXN 176,922mMXN 136,723mMXN 118,413mMXN 136,534mMXN 101,464mMXN 105,022mMXN 86,289m
EquityMXN 244,982mMXN 297,502mMXN 303,860mMXN 262,604mMXN 262,601mMXN 237,743mMXN 251,989mMXN 257,053mMXN 250,291mMXN 211,904m
Equity including minoritiesMXN 329,352mMXN 381,131mMXN 378,369mMXN 337,801mMXN 335,117mMXN 307,187mMXN 325,751mMXN 335,542mMXN 336,912mMXN 286,170m
Minority interestsMXN 84,370mMXN 83,629mMXN 74,509mMXN 75,197mMXN 72,516mMXN 69,444mMXN 73,762mMXN 78,489mMXN 86,621mMXN 74,266m

Cash flow statement

Item2025202420232022202120202019201820172016
Operating cash flow————————MXN 40,135mMXN 50,131m
Investing cash flow————————MXN 31,417m−MXN 38,645m
Financing cash flow————————−MXN 21,539mMXN 1,297m
Capital expenditure−MXN 38,502m−MXN 43,682m−MXN 34,814m−MXN 29,354m−MXN 17,572m−MXN 18,660m−MXN 22,926m−MXN 21,584m−MXN 19,484m−MXN 19,083m
Dividends paid−MXN 56,284m−MXN 31,792m−MXN 18,798m−MXN 17,534m−MXN 13,416m−MXN 15,884m−MXN 13,629m−MXN 12,933m−MXN 12,450m−MXN 12,045m

Where each figure comes from

From the annual report (Form 20-F) that FEMSA files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the FEMSA page.

More companies from Mexico and the rest of the region: Latin American stocks.

Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.