Anheuser-Busch InBev SA/NV (BUD)

BUD Financials

BUD Quarterly Income Statement (USD)

Quarterly Report	TTM	12/31/2025	06/30/2025	12/31/2024	06/30/2024	12/31/2023	06/30/2023	12/31/2022	06/30/2022
Gross Profit	67.020B	17.104B	16.892B	16.563B	16.461B	16.188B	15.797B	16.239B	15.243B
Revenue	120.383B	30.608B	30.008B	29.887B	29.880B	30.047B	29.333B	29.759B	28.028B
Cost of Goods Sold	53.363B	13.504B	13.116B	13.324B	13.419B	13.859B	13.536B	13.521B	12.785B
Gross Profit Margin	55.9%	55.9%	56.3%	55.4%	55.1%	53.9%	53.9%	54.6%	54.4%
Total Operating Expenses	28.714B	9.297B	1.880B	8.623B	8.914B	8.670B	8.725B	8.575B	8.234B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	45.261B	9.297B	17.624B	9.092B	9.248B	9.120B	9.051B	8.939B	8.616B
Operating Income (EBIT)	38.307B	7.808B	15.012B	7.940B	7.547B	7.518B	7.072B	7.663B	7.009B
Operating Margin	25.5%	25.5%	50.0%	26.6%	25.3%	25.0%	24.1%	25.8%	25.0%
Income Before Tax (EBT)	21.439B	5.342B	5.528B	5.787B	4.782B	5.278B	3.849B	5.809B	3.719B
Interest Income	1.344B	270.293M	483.844M	331.420M	258.536M	340.460M	225.367M	210.369M	83.677M
Interest Expense	10.556B	2.253B	3.836B	2.924B	1.542B	2.514B	2.245B	2.380B	2.224B
Other Income/Expense	-16.868B	-2.466B	-9.484B	-2.153B	-2.765B	-2.240B	-3.223B	-1.854B	-3.290B
Net Income	12.212B	3.005B	3.352B	3.291B	2.564B	3.363B	1.978B	4.277B	1.692B
Income Tax Expense	6.075B	1.443B	1.480B	1.606B	1.546B	1.042B	1.192B	683.000M	721.000M
Net Profit Margin	9.8%	9.8%	11.2%	11.0%	8.6%	11.2%	6.7%	14.4%	6.0%
EBITDA	35.349B	10.871B	9.725B	8.084B	6.669B	7.249B	5.906B	7.902B	5.775B
EBITDA Margin	35.5%	35.5%	32.4%	27.0%	22.3%	24.1%	20.1%	26.6%	20.6%
Depreciation & Amortization	4.872B	3.063B	1.809B	0.00	0.00	0.00	0.00	0.00	0.00
EPS Basic	6.11	1.52	1.68	1.64	1.27	1.67	0.98	2.12	1.23
EPS Diluted	6.11	1.52	1.68	1.64	1.27	1.67	0.98	2.12	1.23
Shares Outstanding	1.978B	1.978B	1.994B	2.018B	2.005B	1.984B	2.016B	1.984B	2.012B
Diluted Shares Outstanding	1.978B	1.978B	1.994B	2.003B	2.043B	2.016B	2.017B	2.012B	2.012B

BUD Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Gross Profit	33.179B	33.024B	31.984B	31.481B	31.207B	27.247B	31.967B	33.108B
Revenue	59.320B	59.768B	59.380B	57.786B	54.304B	46.881B	52.329B	53.041B
Cost of Goods Sold	26.141B	26.744B	27.396B	26.305B	23.097B	19.634B	20.362B	19.933B
Gross Profit Margin	55.9%	55.3%	53.9%	54.5%	57.5%	58.1%	61.1%	62.4%
Total Operating Expenses	17.529B	17.537B	18.018B	16.964B	17.383B	17.627B	15.869B	16.694B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	18.133B	18.340B	18.173B	17.555B	17.575B	15.369B	16.421B	16.807B
Operating Income (EBIT)	15.650B	15.487B	13.966B	14.517B	13.824B	9.620B	16.098B	16.414B
Operating Margin	26.4%	25.9%	23.5%	25.1%	25.5%	20.5%	30.8%	30.9%
Income Before Tax (EBT)	11.328B	10.568B	9.124B	9.524B	8.463B	2.079B	12.776B	7.741B
Interest Income	628.000M	589.956M	565.875M	294.161M	112.823M	150.994M	409.924M	332.642M
Interest Expense	3.864B	4.466B	4.759B	4.612B	4.395B	4.734B	5.023B	4.866B
Other Income/Expense	-4.322B	-4.919B	-4.842B	-4.993B	-5.361B	-7.541B	-3.322B	-8.673B
Net Income	6.837B	5.855B	5.341B	5.969B	4.670B	1.405B	9.171B	4.370B
Income Tax Expense	2.850B	3.152B	2.234B	1.928B	2.350B	1.932B	2.786B	2.585B
Net Profit Margin	11.5%	9.8%	9.0%	10.3%	8.6%	3.0%	17.5%	8.2%
EBITDA	20.844B	20.296B	19.067B	18.981B	17.788B	11.558B	22.327B	21.626B
EBITDA Margin	35.1%	34.0%	32.1%	32.8%	32.8%	24.7%	42.7%	40.8%
Depreciation & Amortization	5.652B	5.535B	5.411B	5.078B	5.052B	4.829B	4.657B	4.624B
EPS Basic	3.46	2.92	2.65	2.97	2.33	0.70	4.62	2.21
EPS Diluted	3.46	2.86	2.60	2.91	2.28	0.70	4.53	2.17
Shares Outstanding	1.984B	2.003B	2.016B	2.013B	2.007B	1.998B	1.984B	1.975B
Diluted Shares Outstanding	1.984B	2.044B	2.054B	2.050B	2.045B	1.998B	2.026B	2.011B

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV (AB InBev) is a global beverage giant involved in the manufacturing, marketing, and retailing of a wide variety of beers, other alcoholic drinks, and soft drinks across the world. The company manages an expansive collection of around 500 beer labels. Its most prominent and globally recognized brands include Budweiser, Corona, and Stella Artois. Additionally, its portfolio features well-known names such as Beck's, Hoegaarden, Leffe, and Michelob Ultra, alongside a host of other popular brands like Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol. Established in 1366, AB InBev's corporate headquarters are situated in Leuven, Belgium.

Leuven

144,000 employees

www.ab-inbev.com

Consumer Defensive / Beverages - Alcoholic

Sector: Consumer Defensive
Industry: Beverages - Alcoholic
CEO: Michel Dimitrios Doukeris

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