Mexico · Business
Key Facts
—Net profit. MXN 24,332 million (US$1.39 billion), up 9.2% year on year.
—Revenue. MXN 241,000 million (US$13.77 billion), a 3.1% increase.
—Postpaid additions. 3.5 million new postpaid mobile subscribers in the quarter.
—Broadband growth. 531,000 new broadband accesses added.
—Brazil and Colombia. Revenue rose 5.4% in Brazil and 5.8% in Colombia.
América Móvil, the Mexican telecom giant controlled by the Slim family, reported a 9.2% jump in net profit for the second quarter of 2026, lifted by a surge in postpaid mobile customers and steady 5G adoption across its markets.
América Móvil Profit Climbs 9.2% as Mobile Users Grow. (Photo internet reproduction)
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Where the Growth Actually Is
The company’s Brazilian unit, operating under the Claro brand, grew revenue 5.4% and EBITDA 5.1%. Colombia delivered an even sharper performance, with revenue up 5.8% and EBITDA climbing 12.5%.
Brazil and Colombia now function as the group’s twin engines. Both markets added high-value postpaid accounts that spend more each month than prepaid users.
For foreign investors, this geographic shift matters. It reduces the group’s dependence on its mature Mexican home market and spreads regulatory risk across multiple jurisdictions.
Brazil, Latin America’s largest economy, offers a massive consumer base where fixed-line broadband and mobile data demand are still growing. Colombia, though smaller, is benefiting from a rapidly expanding middle class that is upgrading from basic voice plans to data-hungry smartphone packages.
How América Móvil Is Driving Postpaid and 5G
The operator added 3.5 million postpaid mobile subscribers in the quarter, a clear sign that its strategy of bundling 5G access with streaming and cloud services is working. Postpaid customers generate far higher average revenue per user than prepaid ones.
Broadband also expanded, with 531,000 new fixed-line accesses. Executives have tied much of that growth to fiber-optic upgrades that make 5G home internet a credible alternative to cable.
The push into postpaid is not accidental. Across Latin America, telecom operators have spent years trying to convert prepaid users—who often switch SIM cards for the cheapest promotion—into loyal, contract-based customers who pay a predictable monthly bill.
For expats and remote workers living in the region, this trend means more reliable high-speed connections. As América Móvil densifies its fiber and 5G networks, neighborhoods that once struggled with spotty internet are getting service that can support video calls, streaming, and cloud-based work.
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America Movil
NYSE: AMXAMXCommunication ServicesTelecom Services177,545 employees
$78.35B
Market cap
Analyst target $29.21
Wall Street view
4.1Buy/ 5
12 Buy2 Hold1 Sell
Avg. price target $29.21 · +23% vs 200-day
Valuation \& profitability
Market cap$78.35B
Revenue (TTM)$948.44B
P / E ratio15.8
Profit margin9.2%
Return on equity21.1%
Price \& risk
52-wk low
$16.6452-wk high
$28.12
Beta (volatility)0.22
200-day average$23.81
Revenue trend · 6y
20202025
Latest $885.08B
Ownership
Institutions6.1%
Shares outstanding3.00B
Top holderFMR Inc
Institutional holders5+ funds
Dividend
Yield2.1%
Payout ratio36.4%
Fwd. annual$0.59
What America Movil does. América Móvil, S.A.B. de C.V. provides telecommunications services in Latin America and internationally. It offers wireless and fixed-line voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. The company provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added…
Mexico: A Mixed Picture
Revenue in the home market rose 3.2%, but EBITDA inched up only 0.6%. The culprit was a regulatory fine tied to Telmex, the group’s Mexican fixed-line subsidiary.
Stripping out that one-time penalty, Mexican EBITDA would have grown 4.3%. The underlying operation remains healthy, though the regulatory overhang is a recurring risk.
Telmex has long been a dominant force in Mexico’s fixed-line and broadband market, a legacy of its pre-privatization monopoly days. That history keeps it under the close watch of Mexico’s Federal Telecommunications Institute, which can impose fines for practices deemed anti-competitive.
For investors, the fine is a reminder that regulatory friction is part of the cost of doing business in Mexico’s telecom sector. The core business is solid, but headline risk from such penalties can periodically weigh on sentiment.
The Numbers in Dollars and Pesos
Total revenue reached MXN 241,000 million (US$13.77 billion), a 3.1% increase from the same period a year earlier. EBITDA came in at MXN 92,410 million (US$4.95 billion), up 11%.
Net profit landed at MXN 24,332 million (US$1.39 billion). The company filed its results with the Mexican Stock Exchange on 21 July 2026.
The double-digit EBITDA jump, outpacing revenue growth, suggests the company is squeezing more profit from each peso of sales. That efficiency gain is something analysts watch closely, especially in a capital-intensive industry like telecom.
For readers tracking their own investments, these figures translate to a company that is growing steadily while keeping costs under control—a combination that can support dividend payments and long-term share price appreciation.
What It Means for Expats, Investors, and Tourists
For the growing community of digital nomads and expats in Latin America, América Móvil’s results signal continued investment in the networks they rely on daily. Faster 5G and fiber expansion mean fewer dropped calls and smoother streaming, whether you are working from a Medellín café or a São Paulo co-working space.
Investors should note the resilience of the postpaid strategy. Customers locked into contracts provide predictable cash flow, which helps the company plan long-term infrastructure spending without overextending its balance sheet.
Tourists, too, benefit indirectly. As América Móvil densifies its 5G footprint in major cities and tourist corridors, visitors using local prepaid SIMs from Claro or Telcel can expect better coverage and data speeds, making navigation apps and translation tools more reliable.
What Happens Next
The company did not issue explicit full-year guidance with these results, leaving analysts to read between the lines. The strong postpaid momentum in Brazil and Colombia suggests the second half of 2026 could see continued subscriber gains, though currency volatility in the region remains a wild card.
Regulatory developments in Mexico will be worth watching. Any further fines on Telmex could dampen the home market’s contribution, even as international operations pick up the slack.
For now, the story is one of steady execution. América Móvil is leveraging its scale—it remains Latin America’s largest telecom operator by subscribers—to roll out 5G and fiber at a pace that smaller rivals struggle to match.
That competitive moat is likely to keep the company at the center of the region’s digital transformation.
Frequently Asked Questions
What drove América Móvil’s profit increase in Q2 2026?
A 9.2% rise in net profit was driven largely by 3.5 million postpaid mobile additions and expanding 5G services, especially in Brazil and Colombia. Higher-value postpaid customers spend more each month than prepaid users, boosting average revenue per subscriber and overall profitability.
Why did Mexico’s EBITDA barely grow?
Mexico’s EBITDA rose only 0.6% because of a regulatory fine imposed on the Telmex fixed-line unit. Without that one-time charge, EBITDA would have grown 4.3%, indicating the underlying Mexican business remains fundamentally healthy despite periodic regulatory penalties.
Which countries grew fastest for América Móvil?
Colombia led with revenue up 5.8% and EBITDA up 12.5%, followed closely by Brazil with revenue growth of 5.4% and EBITDA growth of 5.1%. Both markets are benefiting from a shift toward postpaid mobile plans and increased demand for broadband and 5G services.