Fomento Economico MexicanoB. de C.V. Financial Statements
NYSE: FMXConsumer StaplesBeverages (Production/Distribution)USD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Fomento Economico MexicanoB. de C.V. revenue and earnings
In fiscal 2024, Fomento Economico MexicanoB. de C.V. generated $37.48 billion in revenue, down 9.9% from fiscal 2023, its first annual decline since 2020. Net income was $1.93 billion (-57.5% year over year), for a net margin of 5.1% versus a median of 5.5% in the prior 5 years. Gross margin was 41.1% (up from 39.8%).
Over the last 5 fiscal years, FMX's revenue has grown at a 6.9% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Fomento Economico MexicanoB. de C.V. income statement (annual)
| Fiscal year (USD) | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 37.48B | 41.58B | 34.53B | 27.12B | 24.78B | 26.87B | 23.92B | 23.45B |
| Revenue growth (YoY) | -9.87% | +20.41% | +27.35% | +9.42% | -7.76% | +12.30% | +2.04% | — |
| Cost of Revenue | 22.06B | 25.04B | 21.62B | 16.70B | 15.25B | 16.71B | 15.00B | 14.78B |
| Gross Profit | 15.42B | 16.54B | 12.91B | 10.42B | 9.53B | 10.15B | 8.92B | 8.67B |
| Interest Expense | 959.00M | 883.00M | 837.00M | 826.00M | 881.00M | 749.00M | 500.00M | 566.00M |
| Pretax Income | 3.15B | 5.30B | — | — | — | — | — | 2.43B |
| Income Tax | — | — | 738.00M | 696.00M | 745.00M | 555.00M | 518.00M | 539.00M |
| Net Income | 1.93B | 4.54B | 1.78B | 1.84B | 188.00M | 1.49B | 1.68B | 2.16B |
| Net Income growth (YoY) | -57.45% | +154.26% | -2.83% | +876.60% | -87.37% | -11.64% | -22.04% | — |
| Gross Margin | 41.14% | 39.78% | 37.38% | 38.42% | 38.47% | 37.79% | 37.29% | 36.98% |
| Net Margin | 5.15% | 10.91% | 5.17% | 6.77% | 76.00% | 5.54% | 7.04% | 9.21% |
This table shows 8 annual periods of Fomento Economico MexicanoB. de C.V.'s income statement, from FY 2024 back to FY 2017, across 9 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow FMX's reporting calendar. What is a income statement?