NYSE · Financial Statements

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

$128.52 NYSE: FMX Market Cap $43.78B

Fomento Economico Mexicano S.A.B. de C.V. most recently reported annual revenue of $46.6B, net profit of $1.1B. Revenue declined at an average annual rate of 37.6% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Fomento Economico Mexicano S.A.B. de C.V.: Revenue fell from $399.5B in 2016 to $46.6B in 2025, a change of -88.3% over 9 years; net profit was positive in 9 of 10 reported years; operating margin moved from 9.4% to 8.6%, a shift of -0.9 percentage points; the most recent year shows net profit of $1.1B.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$399.5B$439.9B$469.7B$506.7B$493.0B$505.5B$597.0B$702.7B$37.5B$46.6B
Operating Expenses$361.8B$399.3B$426.8B$457.4B$450.2B$451.7B$533.3B$644.8B$34.1B$42.6B
Operating Profit$37.7B$40.7B$42.9B$49.3B$42.8B$53.7B$63.7B$57.9B$3.4B$4.0B
Operating Margin9.4%9.2%9.1%9.7%8.7%10.6%10.7%8.2%8.9%8.6%
Other Income$-2.7B$3.0B$-3.0B$-10.8B$-24.2B$-10.7B$-17.1B$-468.0M$-207.0M$-1.2B
Interest$6.5B$11.6B$10.1B$11.2B$15.9B$14.9B$14.5B$17.2B$843.0M$1.0B
Depreciation$13.1B$14.7B$17.2B$17.9B$17.9B$17.6B$29.2B$17.7B$1.1B$2.4B
Profit Before Tax$35.1B$43.7B$39.9B$38.5B$18.6B$43.0B$46.6B$57.4B$3.1B$2.8B
Tax$22.5M$23.4M$25.5M$27.2M$79.8M$31.6M$28.5M$22.6M$38.8M$38.7M
Net Profit$21.1B$42.4B$24.0B$20.7B$-1.9B$28.5B$23.9B$65.7B$1.3B$1.1B
EPS$59.10$114.20$64.00$57.80$-5.40$56.50$69.20$187.00$3.60$2.90
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$181.7B$182.9B$176.8B$198.7B$196.8B$10.0B$9.5B$11.3B$11.5B$12.0B$11.6B$13.2B
Operating Expenses$166.3B$234.4B$164.3B$181.3B$179.5B$12.3B$8.9B$10.4B$10.6B$10.7B$10.8B$12.1B
Operating Profit$15.4B$-51.5B$12.4B$17.4B$17.3B$-2.3B$607.0M$942.0M$960.0M$1.3B$801.0M$1.1B
Operating Margin8.4%-28.1%7.0%8.8%8.8%-22.6%6.4%8.3%8.3%10.9%6.9%8.3%
Interest$3.1B$8.2B$4.7B$5.6B$4.5B$136.0M$251.0M$284.0M$297.0M$139.0M$306.0M$316.0M
Profit Before Tax$19.7B$6.3B$9.1B$21.8B$18.9B$755.0M$544.0M$541.0M$685.0M$947.0M$1.2B$808.0M
Tax$32.5M$-47.8M$37.4M$30.1M$31.4M$60.6M$42.5M$43.0M$29.6M$40.4M$17.1M$34.7M
Net Profit$9.7B$1.7B$2.9B$12.6B$5.9B$258.0M$281.0M$146.0M$130.0M$466.0M$829.0M$317.0M
EPS$28.70$17.90$7.70$35.20$27.00$0.27$0.45$0.44$0.87$0.98$2.50$0.93

Over the 10 years reported for Fomento Economico Mexicano S.A.B. de C.V., borrowings decreased from $217.3B in 2016 to $14.3B in 2025, cash stood at $6.0B in the latest year, shareholders' equity was $179.0M, current assets covered current liabilities 1.35 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$545.6B$588.5B$576.4B$637.5B$684.8B$737.5B$798.8B$805.9B$40.8B$44.1B
Current Assets$118.0B$181.2B$177.6B$172.6B$201.3B$230.7B$226.4B$356.2B$16.4B$15.7B
Cash$43.6B$96.9B$62.0B$65.6B$107.6B$97.4B$83.4B$165.1B$6.7B$6.0B
Inventory$34.7B$36.1B$37.2B$42.4B$45.7B$50.9B$62.2B$58.2B$3.2B$3.9B
Receivables$22.0B$32.3B$28.2B$29.6B$28.2B$52.2B$65.1B$75.7B$3.3B$4.4B
Fixed Assets$102.4B$117.0B$108.8B$167.4B$168.0B$172.6B$218.9B$230.9B$13.3B$16.1B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$128.8B$99.5B$137.2B$123.3B$116.1B$154.8B$122.3B$62.1B$3.8B$2.6B
Other Assets$51.9B$43.4B$40.5B$47.9B$52.8B$57.4B$85.7B$45.5B$2.2B$2.6B
Total Liabilities$259.5B$251.6B$240.8B$311.8B$377.7B$402.4B$461.0B$427.5B$22.6B$25.9B
Current Liabilities$86.3B$105.0B$101.5B$136.5B$118.4B$136.7B$176.9B$182.4B$9.7B$11.6B
Borrowings$217.3B$221.8B$128.7B$172.6B$247.0B$252.9B$285.1B$232.9B$12.3B$14.3B
Other Liabilities$42.2B$29.8B$112.2B$139.2B$130.7B$149.4B$176.0B$194.6B$10.3B$11.6B
Equity$3.3B$3.3B$3.3B$3.3B$3.3B$3.3B$3.3B$3.3B$156.0M$179.0M
Reserves$211.9B$250.3B$257.1B$252.0B$237.7B$262.6B$262.6B$303.9B$14.3B$13.6B

For Fomento Economico Mexicano S.A.B. de C.V., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $1.6B; free cash flow was positive in 10 of 10 years; financing activities used $2.0B in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$50.1B$40.1B$47.4B$61.6B$53.2B$73.1B$72.6B$49.7B$3.5B$3.9B
Investing Cash Flow$-60.0B$7.2B$-81.5B$-39.3B$-51.5B$-66.5B$-78.9B$94.2B$-3.7B$-2.4B
Financing Cash Flow$-7.8B$-4.6B$-9.1B$-12.4B$-25.4B$-18.6B$-16.4B$-32.1B$-2.0B$-2.0B
Net Cash Flow$14.2B$53.3B$-34.9B$3.5B$42.1B$-10.2B$-14.0B$81.7B$-1.2B$-1.8B
Free Cash Flow$28.7B$16.0B$24.0B$36.5B$33.0B$52.8B$40.1B$11.6B$1.4B$1.6B

Valuation & Return Ratios

MetricValue
PEG Ratio0.20
EV / EBITDA8.39
FCF Yield8.10%
Quick Ratio0.85
Interest Coverage3.91
Return 1Y38.64%
Return 3Y45.07%
Return 5Y80.13%

Fomento Economico Mexicano S.A.B. de C.V. (FMX) financials — frequently asked questions

What is Fomento Economico Mexicano S.A.B. de C.V.'s annual revenue?

Fomento Economico Mexicano S.A.B. de C.V. (FMX) reported annual revenue of $46.6B in its most recent fiscal year.

What is Fomento Economico Mexicano S.A.B. de C.V.'s net profit?

Fomento Economico Mexicano S.A.B. de C.V. (FMX) reported net profit of $1.1B in its most recent fiscal year.

What is FMX EV/EBITDA?

Fomento Economico Mexicano S.A.B. de C.V.'s enterprise value to EBITDA (EV/EBITDA) ratio is 8.39.

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