Anheuser-Busch InBev SA/NV (BUD)
NYSE: BUD · Real-Time Price · USD
78.13
+0.70 (0.90%)
At close: Aug 19, 2026, 4:00 PM EDT
79.69
+1.56 (2.00%)
After-hours: Aug 19, 2026, 4:48 PM EDT
Anheuser-Busch InBev Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
| 62,615 | 59,320 | 59,768 | 59,380 | 57,786 | 54,304 | |
Revenue Growth | 7.00% | -0.75% | 0.65% | 2.76% | 6.41% | 15.83% |
Cost of Revenue | 27,241 | 26,141 | 26,744 | 27,396 | 26,305 | 23,097 |
Gross Profit | 35,374 | 33,179 | 33,024 | 31,984 | 31,481 | 31,207 |
Selling, General & Admin | 19,323 | 18,207 | 18,429 | 18,263 | 17,628 | 17,648 |
Other Operating Expenses | -699 | -713 | -700 | -661 | -558 | -514 |
Operating Expenses | 18,624 | 17,494 | 17,729 | 17,602 | 17,070 | 17,134 |
Operating Income | 16,750 | 15,685 | 15,295 | 14,382 | 14,411 | 14,073 |
Interest Expense | -3,301 | -3,338 | -3,579 | -3,906 | -3,807 | -3,851 |
Interest & Investment Income | 553 | 511 | 591 | 565 | 294 | 113 |
Earnings From Equity Investments | 391 | 378 | 329 | 295 | 299 | 248 |
Currency Exchange Gain (Loss) | -353 | -386 | -147 | -353 | -363 | -101 |
Other Non Operating Income (Expenses) | -1,271 | -1,110 | -1,276 | -1,432 | -1,481 | -1,159 |
EBT Excluding Unusual Items | 12,769 | 11,740 | 11,213 | 9,551 | 9,353 | 9,323 |
Merger & Restructuring Charges | -121 | -121 | -156 | -142 | -111 | -189 |
Impairment of Goodwill | - | - | - | -20 | - | - |
Gain (Loss) on Sale of Assets | 95 | 95 | 88 | 73 | 82 | 65 |
Asset Writedown | -47 | -15 | -9 | - | -176 | -258 |
Legal Settlements | 117 | 117 | 142 | 193 | 369 | 344 |
Other Unusual Items | 1,307 | -489 | -710 | -530 | 8 | -821 |
Pretax Income | 14,120 | 11,327 | 10,568 | 9,125 | 9,525 | 8,464 |
Income Tax Expense | 3,150 | 2,850 | 3,152 | 2,234 | 1,928 | 2,350 |
Earnings From Continuing Operations | 10,970 | 8,477 | 7,416 | 6,891 | 7,597 | 6,114 |
Net Income to Company | 10,970 | 8,477 | 7,416 | 6,891 | 7,597 | 6,114 |
Minority Interest in Earnings | -1,643 | -1,640 | -1,561 | -1,550 | -1,628 | -1,444 |
Net Income | 9,327 | 6,837 | 5,855 | 5,341 | 5,969 | 4,670 |
Net Income to Common | 9,327 | 6,837 | 5,855 | 5,341 | 5,969 | 4,670 |
Net Income Growth | 31.09% | 16.77% | 9.62% | -10.52% | 27.82% | 232.38% |
Shares Outstanding (Basic) | 1,978 | 1,984 | 2,003 | 2,016 | 2,013 | 2,007 |
Shares Outstanding (Diluted) | 2,010 | 2,018 | 2,044 | 2,054 | 2,050 | 2,045 |
Shares Change | -1.28% | -1.27% | -0.49% | 0.19% | 0.24% | 2.35% |
EPS (Basic) | 4.72 | 3.45 | 2.92 | 2.65 | 2.97 | 2.33 |
EPS (Diluted) | 4.64 | 3.39 | 2.86 | 2.60 | 2.91 | 2.28 |
EPS Growth | 32.57% | 18.53% | 10.00% | -10.65% | 27.63% | 226.40% |
Free Cash Flow | 13,762 | 11,227 | 11,192 | 8,627 | 8,138 | 9,159 |
Free Cash Flow Per Share | 6.85 | 5.56 | 5.48 | 4.20 | 3.97 | 4.48 |
Dividend Per Share | 1.174 | 1.350 | 1.035 | 0.906 | 0.802 | 0.569 |
Dividend Growth | -3.09% | 30.42% | 14.22% | 13.08% | 40.96% | -7.03% |
Gross Margin | 56.49% | 55.93% | 55.25% | 53.86% | 54.48% | 57.47% |
Operating Margin | 26.75% | 26.44% | 25.59% | 24.22% | 24.94% | 25.91% |
Profit Margin | 14.90% | 11.53% | 9.80% | 9.00% | 10.33% | 8.60% |
Free Cash Flow Margin | 21.98% | 18.93% | 18.73% | 14.53% | 14.08% | 16.87% |
EBITDA | 19,736 | 19,423 | 19,793 | 18,755 | 18,684 | 18,193 |
EBITDA Margin | 31.52% | 32.74% | 33.12% | 31.59% | 32.33% | 33.50% |
D&A For EBITDA | 2,986 | 3,738 | 4,498 | 4,373 | 4,273 | 4,120 |
EBIT | 16,750 | 15,685 | 15,295 | 14,382 | 14,411 | 14,073 |
EBIT Margin | 26.75% | 26.44% | 25.59% | 24.22% | 24.94% | 25.91% |
Effective Tax Rate | 22.31% | 25.16% | 29.83% | 24.48% | 20.24% | 27.77% |