Mexican Economic Development Inc (FMX)
Mexican Economic Development Inc reported revenue of $37.5B in fiscal 2024, down 9.9% from a year earlier. Net income was $1.9B, a net margin of 5.1%. At December 31, 2024 it held $6.7B in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 24, 2026.
Key facts about Mexican Economic Development Inc
- Net worth
- Mexican Economic Development Inc has a market value (market cap) of $45.1B at the latest share price, and shareholders' equity of $14.3B on its balance sheet at December 31, 2024. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2024 revenue was $37.5B (-9.9% year on year), with net income of $1.9B.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on April 24, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What Mexican Economic Development Inc does
Fomento Economico Mexicano, known as FEMSA, operates convenience store chains such as OXXO, drugstores, and gas stations across Latin America and Europe. It also produces and distributes Coca-Cola beverage products through its subsidiary Coca-Cola FEMSA and provides logistics and digital financial services. Its shares trade on NYSE under the ticker FMX.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2024 | $37.5B | $1.9B | n/a | n/a |
| 2023 | $41.6B | $4.5B | n/a | n/a |
| 2022 | $34.5B | $1.8B | n/a | n/a |
| 2021 | $27.1B | $1.8B | n/a | n/a |
| 2020 | $24.8B | $188M | n/a | n/a |
| 2019 | $26.9B | $1.5B | n/a | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where FMX ranks in Consumer staples
Dividends
It paid out $1.2B in cash dividends, 62% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2024 | n/a | $1.2B | 62% |
| 2023 | n/a | $1.1B | 25% |
| 2022 | n/a | $898M | 50% |
| 2021 | n/a | $653M | 36% |
| 2020 | n/a | $798M | 424% |
Latest SEC filings
What Mexican Economic Development Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 28, 2026
- September 23, 2026
- September 14, 2026
- July 30, 2026Passive stake (5% or more) SCHEDULE 13G
- July 28, 2026
- June 8, 2026
- May 28, 2026
- April 30, 2026
- April 24, 2026
- April 24, 2026Annual report (foreign issuer) 20-F · period to December 31, 2025
Insider trades
What the people running Mexican Economic Development Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 11, 2026 | Kahn Michael DavidDirector | Bought | 2,100 | $248.1K |
| June 10, 2026 | Spas Montesinos ConstantinoAmericas & Mobility Division | Sold | 7,481 | $92.6K |
| March 27, 2026 | garza garza AlfonsoDirector | Sold | 52,311 | $585.3K |
| March 26, 2026 | garza garza AlfonsoDirector | Sold | 52,316 | $577.7K |
| March 25, 2026 | garza garza AlfonsoDirector | Sold | 52,316 | $579K |
| March 24, 2026 | garza garza AlfonsoDirector | Sold | 52,316 | $564.5K |
| March 23, 2026 | garza garza AlfonsoDirector | Sold | 52,316 | $539.2K |
| March 20, 2026 | garza garza AlfonsoDirector | Sold | 52,316 | $536.9K |
Who owns FMX
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Cascade Investment, L.L.C.13D, may seek influence with 1 related filers | 14% | April 2, 2026 |
| First Eagle Investment Management, LLC13G, passive | 6% | February 12, 2025 |
| Fmr LLC13G, passive with 1 related filers | 5.9% | May 7, 2025 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 341 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| First Eagle Investment Management, LLC | 26,016,552 | +13,114,299 |
| Royal Bank of Canada | 6,248,348 | +29,639 |
| Harding Loevner LP | 5,383,731 | -175,025 |
| Fmr LLC | 3,557,426 | -33 |
| Nuveen, LLC | 2,906,085 | -217,425 |
| Baillie Gifford & Co | 2,674,055 | -363,741 |
| Schroder Investment Management Group | 2,245,691 | -639,050 |
| Robeco Institutional Asset Management B.V. | 2,086,672 | +1,033,507 |
| Invesco Ltd. | 1,556,766 | -99,475 |
| Harris Associates L P | 1,541,584 | -702,036 |
| Itau Unibanco Holding S.A. | 1,214,976 | -171,729 |
| Jpmorgan Chase & Co | 1,007,804 | +13,597 |
| ANTIPODES PARTNERS Ltd | 950,878 | -45,682 |
| Driehaus Capital Management LLC | 877,127 | +73,874 |
| Connor, Clark & Lunn Investment Management Ltd. | 850,830 | +684,821 |
| Altrinsic Global Advisors LLC | 809,172 | -15,996 |
| Nomura Asset Management International Inc. | 767,711 | +127,908 |
| CIBC Bancorp USA Inc. | 682,087 | -16,524 |
| Victory Capital Management Inc | 665,535 | -128,230 |
| Amundi | 633,069 | +19,316 |
Insiders
3 insiders reported holding 1,269,806 shares in total, about $168.2M at the last price.
| Holder | Shares |
|---|---|
| garza garza AlfonsoDirector | 1,128,453 |
| Spas Montesinos ConstantinoAmericas & Mobility Division | 139,253 |
| Kahn Michael DavidDirector | 2,100 |
Questions about FMX
What does Mexican Economic Development Inc do?
Fomento Economico Mexicano, known as FEMSA, operates convenience store chains such as OXXO, drugstores, and gas stations across Latin America and Europe. It also produces and distributes Coca-Cola beverage products through its subsidiary Coca-Cola FEMSA and provides logistics and digital financial services. Its shares trade on NYSE under the ticker FMX.
What is Mexican Economic Development Inc's net worth?
Mexican Economic Development Inc has a market value (market cap) of $45.1B at the latest share price, and shareholders' equity of $14.3B on its balance sheet at December 31, 2024. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Mexican Economic Development Inc profitable?
Yes. In fiscal 2024 it reported net income of $1.9B on revenue of $37.5B, a net margin of 5.1%.
How much revenue does Mexican Economic Development Inc make?
In fiscal 2024 Mexican Economic Development Inc reported revenue of $37.5B. That is 9.9% less than a year earlier.
When did Mexican Economic Development Inc last report?
Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 24, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from October 28, 2026.
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Where the numbers come from
Financial figures are the values Mexican Economic Development Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.