Anheuser-Busch InBev Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	59,320	59,768	59,380	57,786	54,304
Revenue Growth (YoY)	-0.75%	0.65%	2.76%	6.41%	15.83%
Cost of Revenue	26,141	26,744	27,396	26,305	23,097
Gross Profit	33,179	33,024	31,984	31,481	31,207
Selling, General & Admin	18,133	18,340	18,173	17,555	17,575
Other Operating Expenses	-359	-804	-154	-841	-805
Operating Income	15,405	15,487	13,966	14,517	13,824
Interest Income	1,069	1,457	1,291	1,964	679
Interest Expense	-5,146	-6,376	-6,133	-5,814	-6,040
Other Non-Operating Income (Expense)	-4,465	-5,353	-5,102	-4,148	-5,609
Total Non-Operating Income (Expense)	-8,542	-10,272	-9,944	-7,998	-10,970
Pretax Income	11,328	10,568	9,124	9,524	8,463
Provision for Income Taxes	2,850	3,152	2,234	1,928	2,350
Net Income	6,837	5,855	5,341	5,969	4,670
Minority Interest in Earnings	1,640	1,561	1,550	1,628	1,444
Net Income to Common	6,837	5,855	5,341	5,969	4,670
Net Income Growth	16.77%	9.62%	-10.52%	27.82%	518.54%
Shares Outstanding (Basic)	1,984	2,003	2,016	2,013	2,007
Shares Outstanding (Diluted)	2,018	2,044	2,054	2,050	2,045
Shares Change (YoY)	-1.27%	-0.49%	0.19%	0.24%	0.39%
EPS (Basic)	3.45	2.92	2.65	2.97	2.33
EPS (Diluted)	3.39	2.86	2.60	2.91	2.28
EPS Growth	18.53%	10.00%	-10.65%	27.63%	230.44%
Free Cash Flow	11,227	11,192	8,627	8,138	9,159
Free Cash Flow Growth	0.31%	29.73%	6.01%	-11.15%	28.82%
Free Cash Flow Per Share	5.56	5.48	4.20	3.97	4.48
Dividends Per Share	1.350	1.035	0.906	0.802	0.569
Dividend Growth	30.42%	14.22%	13.08%	40.96%	-7.03%
Gross Margin	55.93%	55.25%	53.86%	54.48%	57.47%
Operating Margin	25.97%	25.91%	23.52%	25.12%	25.46%
Profit Margin	14.29%	12.41%	11.60%	13.15%	11.26%
FCF Margin	18.93%	18.73%	14.53%	14.08%	16.87%
EBITDA	21,057	21,031	19,377	19,595	18,876
EBITDA Margin	35.50%	35.19%	32.63%	33.91%	34.76%
EBIT	15,405	15,487	13,966	14,517	13,824
EBIT Margin	25.97%	25.91%	23.52%	25.12%	25.46%
Effective Tax Rate	25.16%	29.83%	24.48%	20.24%	27.77%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.