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América Móvil exceeded ** Mexican pesos in revenue in 2017 and 2018. The company's revenue then decreased in the following years, before growing again to around *** billion Mexican pesos in 2024. In 2024, América Móvil’s largest market was in Mexico, generating *** billion Mexican pesos in revenue from its wireless segment and over *** billion Mexican pesos from its fixed services.

Financials

América Móvil’s most important segment has always been its services, with revenues accounting for approximately **** percent of the company’s total revenue. By contrast, the sales of equipment segment recorded revenues of only around *** billion Mexican pesos in 2023. If América Móvil’s revenues have slightly been decreasing over the past years, the same can be said about the company’s net profit. In 2021, América Móvil peaked its net profit at billion Mexican pesos, before decreasing to around **** billion Mexican pesos in 2023.

Employment

Despite recording a small drop in the number of employees over the past few years, América Móvil still employed over *** thousand people worldwide. Since the company was founded in Mexico in 2001, it comes as no surprise that around half of its employees were based there as of 2023. Additionally, the highest number of employees worked in the company’s fixed division, while another thousand people were employed in the wireless sector.