• Ambev S.A average net profit margin for 2023 was 17.93%, a 1.21% decline from 2022.
• Ambev S.A average net profit margin for 2022 was 18.15%, a 11.38% decline from 2021.
• Ambev S.A average net profit margin for 2021 was 20.48%, a 12.04% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.