FMX financial statements

The full income statement, balance sheet, and cash-flow statement for Fomento Economico Mexicano S.A.B. de C.V. (FMX), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	46.7B YoY+24.6%	37.5B YoY-9.9%	41.6B YoY+20.4%	34.5B YoY+27.3%	27.1B YoY+9.4%
	19.0B YoY+23.1%	15.4B YoY-6.8%	16.5B YoY+28.1%	12.9B YoY+23.9%	10.4B YoY+9.3%
Cost of revenue	27.7B YoY+25.7%	22.1B YoY-11.9%	25.0B YoY+15.8%	21.6B YoY+29.5%	16.7B YoY+9.5%
Pre-tax income	2.94B YoY-6.7%	3.15B YoY-40.6%	5.30B YoY+117.0%	2.45B YoY-4.6%	2.56B
Income tax	1.04B YoY-30.4%	1.49B YoY-3.0%	1.54B YoY+108.5%	738M YoY+6.0%	696M YoY-6.6%
Net income	1.84B YoY-4.9%	1.93B YoY-57.5%	4.54B YoY+154.3%	1.78B YoY-2.8%	1.84B YoY+876.6%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	15.7B YoY-4.2%	16.4B YoY-22.1%	21.1B YoY+81.4%	11.6B YoY+3.3%	11.2B YoY+11.2%
Cash & equivalents	6.00B YoY-22.8%	7.77B YoY-1.9%	7.92B YoY+60.4%	4.94B YoY-1.2%	5.00B YoY-4.8%
Accounts receivable	2.68B YoY+29.6%	2.07B YoY-10.0%	2.30B YoY-1.5%	2.33B YoY+41.3%	1.65B YoY+16.4%
Inventory	3.86B YoY+19.2%	3.23B YoY-6.1%	3.44B YoY+7.9%	3.19B YoY+28.7%	2.48B YoY+12.1%
	44.2B YoY+8.3%	40.8B YoY-14.4%	47.7B YoY+16.4%	41.0B YoY+14.0%	36.0B YoY+4.4%
Property, plant & equipment	10.5B YoY+23.8%	8.51B YoY+1.6%	8.38B YoY+21.9%	6.87B YoY+22.4%	5.61B YoY-1.3%
Total non-current assets	28.5B YoY+16.6%	24.4B YoY-8.2%	26.6B YoY-9.4%	29.4B YoY+18.8%	24.7B YoY+1.6%
	11.7B YoY+19.9%	9.73B YoY-9.8%	10.8B YoY+18.9%	9.07B YoY+36.1%	6.67B YoY+12.0%
Short-term & current debt	823M YoY+483.7%	141M YoY-60.3%	355M YoY-58.0%	845M YoY+555.0%	129M YoY-40.8%
	25.9B YoY+14.9%	22.6B YoY-10.8%	25.3B YoY+7.0%	23.6B YoY+20.5%	19.6B YoY+3.3%
Long-term debt	7.05B YoY+4.0%	6.78B YoY-10.7%	7.60B YoY-14.6%	8.89B YoY-1.9%	9.06B YoY+0.2%
	13.6B YoY-4.6%	14.3B YoY-20.7%	18.0B YoY+33.5%	13.5B YoY+5.2%	12.8B YoY+7.1%
Total equity incl. non-controlling	18.3B YoY+0.1%	18.3B YoY-18.4%	22.4B YoY+29.2%	17.3B YoY+6.1%	16.3B YoY+5.8%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Depreciation & amortization	2.30B YoY+7.3%	2.14B YoY+11.7%	1.92B YoY+41.1%	1.36B YoY+8.5%	1.25B YoY-4.1%
Long-term debt issued	629M YoY+984.5%	58.0M YoY-91.3%	665M YoY-19.9%	830M YoY-57.3%	1.94B YoY-70.1%
Long-term debt repaid	101M YoY-66.9%	305M YoY-88.1%	2.57B YoY+406.7%	507M YoY-73.2%	1.89B YoY-40.6%
Dividends paid	2.93B YoY+69.2%	1.73B YoY+63.5%	1.06B YoY+21.5%	872M YoY+31.8%	662M YoY-10.5%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	344B	—	—	—	—
P/E	187.5×	—	—	—	—
P/S	7.4×	—	—	—	—
P/B	25.3×	—	—	—	—
	0.53%	—	—	—	—
Source filing	20-F	20-F	20-F	20-F	20-F

About this data

Source: FMX's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all FMX filings on SEC EDGAR → Not investment advice.