Operating cash flow CAGR uses reported cash from operations before capital expenditures.
Over longer horizons, Operating Cash Flow CAGR averages 2.77% over 3 years and 5.79% over 5 years; the trailing 12 months came in at +13.87%.The TTM figure compares the trailing 12 months (sum of the latest four quarters) with the 12 months before that. Rows in the history table compare fiscal years, and the quarterly table compares single quarters; the three measure different windows and will differ. Operating cash flow CAGR measures the compound annual growth rate of the cash Anheuser-Busch InBev SA/NV generates from its core business operations, before capital expenditures, computed from rolling-twelve-month cash-flow statement history.
Anheuser-Busch InBev SA/NV (BUD)
Operating Cash Flow growth vs the same quarter one year earlier, last 24 quarters.
Reported quarterly operating cash flow; no daily interpolation.
| Year | Start OCF | End OCF | Change | % Change |
|---|---|---|---|---|
| 2025 | $15.03B | $14.93B | −$99.36M | -0.66% |
| 2024 | $13.29B | $15.03B | +$1.74B | +13.12% |
| 2023 | $12.93B | $13.29B | +$354.47M | +2.74% |
| 2022 | $14.58B | $12.93B | −$1.65B | -11.33% |
| 2021 | $10.00B | $14.58B | +$4.58B | +45.78% |
| 2020 | $12.55B | $10.00B | −$2.54B | -20.28% |
| 2019 | $13.65B | $12.55B | −$1.10B | -8.09% |
| 2018 | $15.59B | $13.65B | −$1.94B | -12.42% |
| 2017 | $10.09B | $15.59B | +$5.50B | +54.54% |
| 2016 | $14.05B | $10.09B | −$3.97B | -28.22% |
| 2015 | $14.09B | $14.05B | −$35.66M | -0.25% |
| 2014 | $13.89B | $14.09B | +$198.92M | +1.43% |
| 2013 | $13.34B | $13.89B | +$547.65M | +4.10% |
| 2012 | $12.57B | $13.34B | +$773.84M | +6.16% |
| 2011 | $9.89B | $12.57B | +$2.68B | +27.04% |
| 2010 | $9.16B | $9.89B | +$735.37M | +8.03% |
| 2009 | $6.13B | $9.16B | +$3.03B | +49.42% |
| 2008 | $5.56B | $6.13B | +$566.60M | +10.19% |
| 2007 | $4.13B | $5.56B | +$1.44B | +34.83% |
| 2006 | $2.83B | $4.13B | +$1.29B | +45.62% |
| 2005 | $1.88B | $2.83B | +$957.21M | +51.02% |
| 2004 | $1.45B | $1.88B | +$426.58M | +29.43% |
| 2003 | $1.10B | $1.45B | +$353.00M | +32.19% |
| Quarter | Value | QoQ | YoY |
|---|---|---|---|
| Quarter ended Dec 2025 | $12.12B | +344.6% | -2.1% |
| Quarter ended Jun 2025 | $2.73B | -78.1% | +201.0% |
| Quarter ended Dec 2024 | $12.46B | +386.0% | +12.3% |
| Quarter ended Jun 2024 | $2.56B | -79.3% | +38.7% |
| Quarter ended Dec 2023 | $12.38B | +1267.1% | +11.5% |
| Quarter ended Jun 2023 | $905.47M | -91.8% | -73.9% |
| Quarter ended Dec 2022 | $11.10B | +500.3% | +24.8% |
| Quarter ended Jun 2022 | $1.85B | -83.3% | +64.6% |
| Quarter ended Dec 2021 | $11.10B | +219.8% | +45.5% |
| Quarter ended Jun 2021 | $3.47B | -61.0% | -29.2% |
| Quarter ended Dec 2020 | $8.89B | +691.4% | -13.1% |
| Quarter ended Jun 2020 | $1.12B | -85.3% | -67.1% |
| Quarter ended Dec 2019 | $7.63B | +55.7% | -33.6% |
| Quarter ended Jun 2019 | $4.90B | -52.1% | -36.5% |
| Quarter ended Dec 2018 | $10.23B | +199.6% | +102.5% |
| Quarter ended Jun 2018 | $3.42B | -70.3% | -32.4% |
QoQ = change vs the prior quarter; YoY = change vs the same quarter a year earlier.