América Móvil

América Móvil gives mobile and fixed-line telecommunications services in 16 countries in Latin America and seven countries in Europe. Its brands include Telcel and Telmex in Mexico, Claro in most of Latin America, and A1 in Austria and Eastern Europe, where it owns 61.0% of Telekom Austria. Services include mobile voice and data, fixed-line voice, broadband and pay TV.

At September 30, 2026, it had 413 million access lines: 332 million wireless subscribers, including 153 million postpaid, and 80 million fixed-line accesses. Brazil and Mexico have the most wireless subscribers. Revenue was Mex$943.6 billion in 2025.

The company reports in Mexican pesos, and each ADS on the New York Stock Exchange represents 20 Series B shares. The Slim family may be deemed to control the company. The head office is in Mexico City, and Daniel Hajj Aboumrad is its chief executive officer.

América Móvil trades close to its intrinsic value because investors pay for steady growth in postpaid and broadband customers and for lower debt, but they also price in regulation in Mexico and changes in the peso. In Q3 2026, service revenue rose 7.2% to Mex$211.4 billion, or 5.3% at constant exchange rates, and EBITDA rose 8.9% to Mex$102.2 billion. Net debt without leases fell to Mex$400.1 billion, or 1.21 times EBITDAaL, from 1.52 times at the end of 2025. Net income moves with foreign exchange gains and losses on debt in other currencies.

For the ADS to hold its value, three things must be true. Postpaid and broadband growth must continue in Brazil, Mexico and Colombia. The new telecommunications law and regulator in Mexico must not add costs to the asymmetric regulation that applies to the company. The peso must not lose much value against the U.S. dollar, because the ADS trades in dollars.

The Q4 2026 report, expected in early February 2027, is the next test. A weak peso or new rules in Mexico can push the ADS below its intrinsic value.

1. Oct 21, 2026Passed

   Q3 2026 results and debtService revenue growth and lower net debt pass; lower growth or higher debt fail.Outcome: Service revenue rose 7.2%, EBITDA rose 8.9% and net debt fell to 1.21 times EBITDAaL.
2. Feb 10, 2027 · est.Pending

   Q4 2026 resultsService revenue growth near 5% at constant exchange rates and net debt near 1.2 times EBITDAaL pass; lower growth fails.
3. Apr 2027 · est.Pending

   2027 dividend and buyback fundA dividend at or above Mex$0.54 per share and a new buyback fund pass; a lower dividend fails.

Every passed and failed checkpoint across all picks

• October 21, 2026América Móvil reported Q3 2026 results. Revenue rose 7.6% to Mex$250.6 billion, and EBITDA rose 8.9% to Mex$102.2 billion. Net income rose 7.0% to Mex$24.3 billion, or Mex$0.41 per share, after foreign exchange losses of Mex$3.6 billion. The company added 3.1 million postpaid subscribers and 390,000 broadband accesses. Net debt without leases was Mex$400.1 billion, or 1.21 times EBITDAaL.
• October 1, 2026A Brazilian subsidiary of América Móvil closed the purchase of 72.83% of Desktop, a fiber broadband company in the state of São Paulo.
• July 22, 2026América Móvil reported Q2 2026 results. Revenue rose 3.1% to Mex$241 billion, and service revenue rose 5.1% at constant exchange rates. Net income was Mex$24.3 billion, or Mex$0.40 per share. The company added 3.5 million postpaid subscribers.

Next earnings

Expected about February 10, 2027. The company has not confirmed the date.

• 20-FAnnual report for the period ended Dec 31, 2025Filed April 28, 2026 · Read it on sec.gov
• 6-KInterim report for the period ended Sep 30, 2025Filed November 14, 2025 · Read it on sec.gov
• 20-FAnnual report for the period ended Dec 31, 2024Filed May 14, 2025 · Read it on sec.gov

Every filing on SEC EDGAR (CIK 1129137)

• In Mexico, the company is part of the economic interest group that the regulator declared the preponderant economic agent, so asymmetric rules apply to it. Mexico enacted a new telecommunications law in 2025 and created a new regulator, and new rules can lower revenue or raise costs.
• The company reports in pesos and has debt in other currencies. Foreign exchange losses lowered net income by Mex$3.6 billion in Q3 2026, and a weaker peso lowers the value of the ADS in U.S. dollars.
• The company needs large investments in networks and spectrum. It budgeted capital expenditures of about US$7.0 billion for 2026, and concession and spectrum renewals can cost more than planned.
• Argentina's economy is hyperinflationary, so its results are adjusted for inflation, and economic problems in other countries can lower results in pesos.
• The Slim family may be deemed to control the company and can elect most of the board. The company also has significant transactions with affiliates.

América Móvil funds itself with bonds in several currencies, bank loans and cash flow. At September 30, 2026, total debt was Mex$483.9 billion, without lease-related debt of Mex$219.0 billion. Read more

Dividend yield

1.2% (last 12 months, at today’s price of $26.05)

Paid per share

$0.308 in the last 12 months (1 payment)

Current annual rate

$0.616 ($0.308 × 2 a year)

Latest ex-dividend date

July 14, 2026, $0.308 per share

Dividends per share by year

Source: company filings and market data, read on November 10, 2026. The ex-dividend date is the first day a buyer no longer gets the next payment.