Betterware de México, S.A.P.I. de C.V. (BWMX) Income Statement
BWMX 2025 at a glance
Fiscal year ended December 31, 2025 · Mexican pesosBWMX revenue and net income
Where BWMX's revenue goes
2025Each bar shows an amount and its share of revenue. BWMX kept 7.4% of revenue as net income.
BWMX profit margins
BWMX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +1.0% | +7.4% | +14.5% | — |
| Gross profit | −1.0% | +8.0% | +19.1% | — |
| Operating income | +33.9% | +3.6% | +1.8% | — |
| Net income | +49.0% | +6.7% | +28.9% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BWMX income statement in Mexican pesos
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | MX$14.24B | MX$14.10B | MX$13.01B | MX$11.51B | MX$10.07B | MX$7.24B | MX$3.08B | MX$0 | MX$2.32B | MX$1.45B |
| Cost of revenue | MX$4.76B | MX$4.52B | MX$3.70B | MX$3.98B | MX$4.50B | MX$3.28B | MX$1.28B | — | MX$958.5M | MX$558.1M |
| Gross profit | MX$9.48B | MX$9.58B | MX$9.31B | MX$7.52B | MX$5.57B | MX$3.96B | MX$1.80B | — | MX$1.36B | MX$891.6M |
| Sales, general & admin | MX$6.89B | MX$6.85B | MX$6.96B | MX$5.47B | MX$2.97B | MX$1.89B | MX$991.6M | — | MX$806.5M | MX$560.7M |
| Total operating expenses | MX$7.22B | MX$7.89B | MX$6.96B | MX$5.50B | MX$2.97B | MX$1.89B | MX$991.6M | — | MX$806.5M | MX$560.7M |
| Operating income | MX$2.26B | MX$1.69B | MX$2.35B | MX$2.03B | MX$2.60B | MX$2.06B | MX$812.2M | −MX$711,430 | MX$551.7M | MX$330.9M |
| Interest income | MX$34.1M | MX$22.8M | MX$45.2M | MX$28.7M | MX$25.9M | MX$10.9M | MX$7.0M | MX$938,390 | MX$6.7M | MX$20.8M |
| Interest expense | MX$541.0M | MX$639.7M | MX$820.3M | MX$543.3M | MX$75.8M | MX$80.3M | MX$85.4M | MX$0 | MX$86.3M | MX$118.2M |
| Income before taxes | MX$1.72B | MX$1.18B | MX$1.43B | MX$1.39B | MX$2.56B | MX$824.1M | MX$704.8M | MX$226,960 | MX$449.4M | MX$304.6M |
| Income taxes | MX$661.0M | MX$469.3M | MX$384.4M | MX$516.9M | MX$814.6M | MX$525.7M | MX$232.7M | — | MX$150.2M | MX$97.0M |
| Net income | MX$1.06B | MX$711.7M | MX$1.05B | MX$872.6M | MX$1.75B | MX$298.4M | MX$472.1M | MX$226,960 | MX$299.3M | MX$207.7M |
| EBITDA | MX$2.65B | MX$2.21B | MX$2.63B | MX$2.22B | MX$2.72B | MX$948.0M | MX$828.7M | — | MX$561.8M | MX$447.0M |
| Gross margin | 66.6% | 67.9% | 71.5% | 65.4% | 55.3% | 54.7% | 58.5% | — | 58.6% | 61.5% |
| Operating margin | 15.8% | 12.0% | 18.0% | 17.6% | 25.8% | 28.5% | 26.3% | — | 23.8% | 22.8% |
| Net margin | 7.4% | 5.0% | 8.1% | 7.6% | 17.4% | 4.1% | 15.3% | — | 12.9% | 14.3% |
| Sep '26 | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | MX$4.16B | MX$4.16B | MX$3.51B | MX$3.50B | MX$3.38B | MX$3.56B | MX$3.40B | MX$3.33B | MX$3.39B | MX$3.60B | MX$3.40B | MX$3.12B |
| Cost of revenue | MX$1.44B | MX$1.44B | MX$1.18B | MX$1.18B | MX$1.06B | MX$1.17B | MX$1.02B | MX$959.1M | MX$940.9M | MX$951.6M | MX$1.02B | MX$930.6M |
| Gross profit | MX$2.73B | MX$2.73B | MX$2.33B | MX$2.32B | MX$2.31B | MX$2.39B | MX$2.38B | MX$2.37B | MX$2.45B | MX$2.65B | MX$2.38B | MX$2.19B |
| Sales, general & admin | MX$2.04B | MX$2.04B | MX$1.81B | MX$1.88B | MX$1.69B | MX$1.81B | MX$1.66B | MX$1.88B | MX$1.89B | MX$1.99B | MX$1.66B | MX$1.75B |
| Total operating expenses | MX$2.04B | MX$2.04B | MX$1.81B | MX$1.88B | MX$1.69B | MX$1.81B | MX$1.66B | MX$2.84B | MX$1.89B | MX$1.99B | MX$1.69B | MX$1.75B |
| Operating income | MX$681.3M | MX$681.3M | MX$519.2M | MX$433.9M | MX$627.1M | MX$582.2M | MX$722.0M | MX$494.1M | MX$557.9M | MX$660.0M | MX$722.0M | MX$438.1M |
| Interest income | — | MX$4.5M | MX$11.7M | MX$4.6M | MX$5.5M | MX$7.9M | MX$1.8M | MX$2.8M | MX$11.6M | MX$6.7M | MX$5.7M | MX$11.8M |
| Interest expense | MX$121.6M | MX$121.6M | MX$99.7M | MX$146.0M | MX$131.9M | MX$144.3M | MX$195.4M | MX$161.4M | MX$170.8M | MX$164.4M | MX$195.4M | MX$207.7M |
| Income before taxes | MX$562.9M | MX$562.9M | MX$419.1M | MX$279.7M | MX$501.7M | MX$433.4M | MX$502.0M | −MX$44.3M | MX$453.7M | MX$456.5M | MX$502.0M | MX$246.9M |
| Income taxes | MX$168.3M | MX$168.3M | MX$137.7M | MX$129.0M | MX$188.1M | MX$106.7M | MX$95.5M | MX$71.3M | MX$153.0M | MX$162.2M | MX$95.5M | MX$50.1M |
| Net income | MX$394.6M | MX$394.6M | MX$281.3M | MX$151.4M | MX$314.2M | MX$327.3M | MX$406.1M | −MX$115.6M | MX$300.8M | MX$294.1M | MX$406.1M | MX$197.0M |
| EBITDA | MX$783.6M | MX$783.6M | MX$609.5M | MX$527.1M | MX$728.7M | MX$775.6M | MX$794.9M | MX$119.2M | MX$818.1M | MX$716.2M | MX$819.5M | MX$546.0M |
| Gross margin | 65.5% | 65.5% | 66.3% | 66.2% | 68.5% | 67.1% | 70.0% | 71.2% | 72.2% | 73.6% | 70.0% | 70.2% |
| Operating margin | 16.4% | 16.4% | 14.8% | 12.4% | 18.6% | 16.3% | 21.2% | 14.8% | 16.5% | 18.3% | 21.2% | 14.0% |
| Net margin | 9.5% | 9.5% | 8.0% | 4.3% | 9.3% | 9.2% | 11.9% | −3.5% | 8.9% | 8.2% | 11.9% | 6.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in Mexican pesos as reported in BWMX's financial statements (latest annual report filed April 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BWMX financial results
In fiscal year 2025 (ended December 31, 2025), Betterware de México, S.A.P.I. de C.V. reported revenue of MX$14.2 billion, up 1.0% from the year before. It had net income of MX$1.1 billion (up 49.0%), a net profit margin of 7.4%. Over five years revenue grew at an average rate of 14.5% a year. Figures are in Mexican pesos, the currency of its financial statements.
See the BWMX stock overview for the latest quote and news, or the BWMX chart for price history and technical indicators.
BWMX income statement FAQ
What is Betterware de México, S.A.P.I. de C.V.'s annual revenue?
Betterware de México, S.A.P.I. de C.V. reported total revenue of MX$14.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 1.0% from MX$14.1 billion the previous year.
Is Betterware de México, S.A.P.I. de C.V. profitable?
Yes. Betterware de México, S.A.P.I. de C.V. reported net income of MX$1.1 billion in fiscal 2025, a net profit margin of 7.4%; its operating margin was 15.8%.
What is Betterware de México, S.A.P.I. de C.V.'s gross margin?
Betterware de México, S.A.P.I. de C.V.'s gross margin was 66.6% in fiscal 2025: for every $100 of revenue, Betterware de México, S.A.P.I. de C.V. kept $67 after the direct cost of its products and services.
How fast is Betterware de México, S.A.P.I. de C.V. growing?
Revenue grew 14.5% a year on average over the last five fiscal years, from MX$7.2 billion to MX$14.2 billion.
When will Betterware de México, S.A.P.I. de C.V. report its next earnings?
Betterware de México, S.A.P.I. de C.V. is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 after the market closes.
When does Betterware de México, S.A.P.I. de C.V.'s fiscal year end?
Betterware de México, S.A.P.I. de C.V.'s fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 30, 2026.