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    Fomento Economico Mexicano (FMX)

    Official site

    CONSUMER DEFENSIVE • BEVERAGES - BREWERS • NYSE

    $120.99
    +0.31 (+0.26%)

    Market Cap: $41.28B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    33%(13/39)
    Avg Surprise
    +16.52%
    Streak
    1 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.98
    Range$0.94 - $1.05
    3 analysts
    EPS RevisionsNo revisions (7d)
    1
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$1.11-12.0%
    60d ago$1.05-6.8%
    30d ago$1.06-7.5%
    7d ago$0.99-1.5%
    Current$0.98
    Revenue Consensus
    $229.4B
    Range$228.8B - $230.4B
    3 analysts
    Period ending Dec 31, 2026
    EPS Consensus$2.65
    Range$1.21 - $3.33
    5 analysts
    Revenue Consensus
    $238.8B
    Range$218.2B - $248.2B
    16 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$2.65---
    Sep 26EST
    		-$0.98---
    Jun 26
    Reported Jul 28
    		$0.93$0.82+13.41%Beat+111.4%
    Mar 26
    Reported Apr 30
    		$2.41N/A-82.94%Miss+826.9%
    Dec 25
    Reported Feb 25
    		$0.98$1.37-28.47%Miss+112.1%
    Sep 25
    Reported Oct 28
    		$0.88$1.13-22.12%Miss-34.8%
    Jun 25
    Reported Jul 28
    		$0.44N/A-60.36%Miss-76.5%
    Mar 25
    Reported Apr 28
    		$0.26N/A-62.32%Miss-81.3%
    Dec 24
    Reported Feb 27
    		$0.46N/A-69.40%Miss+413.3%
    Sep 24
    Reported Oct 28
    		$1.35$1.07+26.17%Beat+20.5%
    Jun 24
    Reported Jul 23
    		$1.87$1.35+38.52%Beat+14.0%
    Mar 24
    Reported Apr 26
    		$1.39$1.01+37.62%Beat+19.8%
    Dec 23
    Reported Feb 23
    		$0.09N/A-94.41%Miss-86.8%
    Sep 23
    Reported Oct 27
    		$1.12$1.44-22.22%Miss-24.8%
    Jun 23
    Reported Jul 27
    		$1.64$1.51+8.61%Beat+127.8%
    Mar 23
    Reported Apr 28
    		$1.16N/A-77.78%Miss+107.1%
    Dec 22
    Reported Feb 24
    		$0.68$1.27-46.46%Miss-25.3%
    Sep 22
    Reported Oct 28
    		$1.49$0.95+56.84%Beat-22.4%
    Jun 22
    Reported Jul 28
    		$0.72$0.99-27.27%Miss+67.4%
    Mar 22
    Reported May 2
    		$0.56$0.75-25.33%Miss-9.7%
    Dec 21
    Reported Feb 28
    		$0.91$1.11-18.02%Miss+635.3%
    Sep 21
    Reported Oct 28
    		$1.92$0.81+137.04%Beat+186.6%
    Jun 21
    Reported Jul 28
    		$0.43$0.82-47.56%Miss+130.3%
    Mar 21
    Reported Apr 29
    		$0.62$0.30+106.67%Beat-43.1%
    Dec 20
    Reported Mar 8
    		$-0.17N/A-121.52%Miss-101.3%
    Sep 20
    Reported Oct 28
    		$0.67$0.78-14.10%Miss-35.0%
    Jun 20
    Reported Jul 24
    		$-1.42$-0.40-255.00%Miss-273.2%
    Mar 20
    Reported Apr 30
    		$1.09$0.70+55.71%Beat+240.6%
    Dec 19
    Reported Feb 27
    		$13.40$1.16+1055.17%Beat+799.3%
    Sep 19
    Reported Oct 28
    		$1.03$1.16-11.21%Miss+68.9%
    Jun 19
    Reported Aug 20
    		$0.82$0.87-5.75%Miss-34.4%
    Mar 19
    Reported Apr 26
    		$0.32$0.61-47.54%Miss+45.5%
    Dec 18
    Reported Mar 4
    		$1.49$1.05+41.90%Beat+473.1%
    Sep 18
    Reported Oct 26
    		$0.61$0.92-33.70%Miss-87.8%
    Jun 18
    Reported Jul 27
    		$1.25$0.92+35.87%Beat+73.6%
    Mar 18
    Reported Apr 26
    		$0.22N/A-66.15%Miss-55.1%
    Dec 17
    Reported Feb 27
    		$0.26N/A-77.59%Miss-71.1%
    Sep 17
    Reported Oct 26
    		$5.00$1.03+385.44%Beat-
    Jun 17
    Reported Jul 25
    		$0.72$0.76-5.26%Miss-
    Mar 17
    Reported Apr 28
    		$0.49$0.56-12.50%Miss-
    Dec 16
    Reported Feb 27
    		$0.90$1.12-19.64%Miss-

    Dividends

    Dividend Metrics

    Forward Yield5.89%
    Forward Annual Dividend$7.12
    Payout Ratio604.53%
    Pay MonthsJan, May, Jul, Oct

    Growth

    3Y CAGR+59.54%
    5Y CAGR+36.71%
    FMX dividend history and ex-dividend datesRun FMX in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio23.27EV/EBITDA17.77x
    Price/FCFN/AFCF YieldN/A
    Profitability
    Profit Margin3.59%Operating Margin8.00%
    ROE14.70%ROIC11.03%
    Financial Health
    Debt/Equity11.28xInterest Coverage7.76x
    Current Ratio1.14xQuick Ratio-3.79x
    Trading Statistics
    Beta0.18Avg Volume476.06K
    52-Week High$139.3952-Week Low$85.20

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$117.54
    SMA 20$117.40
    SMA 50$117.84
    SMA 200$114.75
    EMA 10$118.56
    EMA 20$117.98
    EMA 50$118.52
    EMA 200$114.19

    MACD

    Line: 0.34Signal: -0.33Hist: 0.67

    ADX

    ADX: 12.7+DI: 24.8-DI: 18.4

    Aroon & PSAR

    Aroon Up100.0
    Aroon Down64.0
    PSAR$114.92

    Bollinger Bands

    Upper Band$121.65
    Lower Band$113.14
    %B Position725%(Upper)
    Band Width0.92

    RSI (14-Day)

    Neutral
    60.0

    Momentum Oscillators

    Stoch %K74.6
    Stoch %D71.0
    Williams %R-23.2
    ROC (10d)6.6%
    Momentum7.47
    CCI (20d)151.0
    MFI (14d)53.4

    Volatility Measures

    ATR (14d)$3.31(2.7%)
    StdDev (20d)2.13
    Hist Vol21.1%(Moderate)

    Volume Flow

    VWAP$121.48
    OBV17.4M
    AD Line-589.7M
    CMF (20d)-1.123

    Volume Metrics

    Avg Vol (20d)491.4K
    Vol Ratio2.0x(High)
    VWMA (20d)$117.53

    Pivot Points

    R3$125.04
    R2$122.97
    R1$121.83
    Pivot Point$119.76
    S1$118.62
    S2$116.55
    S3$115.41

    Advanced Oscillators

    TSI3.64
    Ultimate Osc26.5
    KST-4.98

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$13.22B$11.62B$12.03B$11.52B$11.34B$9.48B$10.01B$196.77B$198.74B$176.76B$182.88B$181.68B
    Cost of Revenue$7.92B$6.92B$7.03B$6.92B$6.73B$5.66B$5.64B$117.40B$116.31B$108.42B$105.54B$110.88B
    Gross Profit$5.30B$4.70B$5.00B$4.60B$4.61B$3.82B$4.37B$79.37B$82.44B$68.34B$77.34B$70.80B
    Operating Expenses$4.21B$3.90B$3.68B$3.64B$3.67B$3.21B$6.63B$62.08B$65.03B$55.91B$128.82B$55.45B
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$565.02M$570.18M$546.32M$532.17M$550.58M$482.64M$556.93M$9.67B$9.48B$8.36B$7.45B$8.09B
    Operating Income$1.09B$800.54M$1.32B$960.26M$942.30M$606.89M$-2,261,933,928$17.29B$17.41B$12.43B$-51,472,129,000$15.35B
    Interest Income$1.51B$1.17B$5.29B$1.91B$2.05B$2.13B$2.82B$2.25B$4.14B$2.85B$4.65B$2.70B
    Interest Expense$316.32M$305.92M$139.12M$297.22M$284.42M$251.19M$135.74M$4.45B$5.60B$4.66B$8.23B$3.06B
    Income Before Tax$808.11M$1.20B$946.66M$685.25M$541.28M$543.69M$755.13M$18.93B$21.81B$9.05B$6.33B$19.67B
    Income Tax Expense$280.62M$204.92M$382.68M$203.14M$232.80M$230.88M$457.93M$5.94B$6.56B$3.38B$-3,025,833,000$6.40B
    Net Income$316.67M$829.18M$465.80M$129.54M$145.51M$281.45M$257.50M$5.90B$12.59B$2.87B$1.72B$9.74B
    EBITDA$1.94B$1.59B$2.15B$1.64B$1.54B$1.14B$1.42B$26.78B$26.93B$22.24B$8.46B$22.09B
    EBIT$1.12B$800.54M$1.32B$960.26M$942.30M$606.89M$826.21M$17.29B$17.41B$12.43B$2.98B$15.35B
    * Some calculated fields are derived from available data when not provided by source

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    News

    21,700 Fomento Economico Mexicano S.A.B. de C.V. $FMX Shares Sold by Sustainable Growth Advisers LP

    Sustainable Growth Advisers LP significantly reduced its stake in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by selling 21,700 shares...

    MarketBeat•10/16/26•Somewhat-Bearish

    UBS cuts target to USD 130 for Fomento Economico Mexicano stock

    UBS has lowered its price target for Fomento Economico Mexicano (FMX) stock to USD 130.00 from USD 139.00, while maintaining a neutral rating. The company, a consumer defensive...

    ad-hoc-news.de•10/15/26•Somewhat-Bearish

    Fomento Economico Mexicano S.A.B. de C.V. $FMX Stock Purchased by Ninety One UK Ltd

    Ninety One UK Ltd significantly increased its stake in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 75.2% in the third quarter, acquiring an additional 362,738 shares...

    MarketBeat•10/15/26•Neutral

    119,174 Fomento Economico Mexicano S.A.B. de C.V. $FMX Shares Bought by Ninety One North America Inc.

    Ninety One North America Inc. significantly increased its stake in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) during the third quarter, purchasing an additional 119,174 shares...

    MarketBeat•10/15/26•Neutral

    59,779 Fomento Economico Mexicano S.A.B. de C.V. $FMX Shares Sold by Perpetual Ltd

    Perpetual Ltd significantly reduced its stake in Fomento Economico Mexicano (FMX) by 48.9% in the third quarter, selling nearly 60,000 shares. Despite this, institutional investors collectively own 61% of the company...

    MarketBeat•10/14/26•Neutral

    FMX Valuation and Fair Value

    P/E
    23.3x
    Forward P/E
    89.3x
    EV/EBITDA
    17.8x
    PEG
    4.7x
    P/B
    58.3x
    See GNG's fair value

    FMX Profitability: Margins, ROIC and FCF

    Gross margin
    41.3%
    Operating margin
    8.0%
    Net margin
    3.6%
    ROIC
    11.0%
    ROE
    14.7%
    FCF margin
    230.1%

    FMX Competitors

    CompanyTicker
    Keurig Dr Pepper IncKDP
    Archer-Daniels-Midland CompanyADM
    Coca-Cola European Partners PLCCCEP
    Sysco CorporationSYY
    Ambev SA ADRABEV
    Estee Lauder Companies IncEL
    Diageo PLC ADRDEO
    Kroger CompanyKR

    Sector: Consumer Defensive

    FMX Analyst Ratings

    Consensus
    Hold
    Analysts
    15
    Strong Buy
    2
    Buy
    5
    Hold
    7
    Sell
    0
    Strong Sell
    1

    FMX Bull Case vs Bear Case

    Bull case

    • FMX converts 230.1% of revenue into free cash flow.

    Bear case

    • FMX beat EPS estimates in 25.0% of its last 8 reported quarters.
    • FMX has a debt-to-equity ratio of 11.3x.

    FMX Earnings: Beat Rate and Next Report

    Beat rate
    2 of 8 quarters (25.0%)
    Average surprise
    -35.8%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.98
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    1 up, 1 down

    FMX Dividend

    Forward yield
    5.9%
    Payout ratio
    604.5%
    3Y DPS growth
    59.5%
    5Y DPS growth
    36.7%
    Pay months
    Jan, May, Jul, Oct
    FMX dividend history

    Frequently Asked Questions About FMX

    What is FMX's current dividend yield?

    Fomento Economico Mexicano (FMX) has a forward dividend yield of 5.89%.

    Does FMX pay dividends?

    Yes, Fomento Economico Mexicano pays dividends with a forward dividend yield of 5.89%.

    What is FMX's P/E ratio?

    Fomento Economico Mexicano has a price-to-earnings (P/E) ratio of 23.27.

    What is FMX's market cap?

    Fomento Economico Mexicano (FMX) has a market capitalization of $41.28B with a current stock price of $120.99.

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