Anheuser-Busch InBev SA/NV (BUDFF) income statement

BUDFFOTCMalt BeveragesFiscal year ends December 31Also trades as BUD

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 3, 2026Score 5/30

$82.57+0.34 (+0.41%)

Close on Oct 19, 2026Market cap $148.39BP/E 24.4Yield –

Anheuser-Busch InBev SA/NV income statement

AnnualQuarterlyTTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31
Revenue	59,320	59,768	59,380	57,786	54,304	46,881	52,329	53,041	54,859	45,517	43,064
Cost of Revenue	26,141	26,744	27,396	26,305	23,097	19,634	20,362	19,933	20,975	17,803	17,137
Gross Profit	33,179	33,024	31,984	31,481	31,207	27,247	31,967	33,108	33,884	27,715	26,467
Research & Development	–	–	–	–	298	296	291	276	265	244	207
Selling, General & Admin	12,041	12,139	11,896	11,166	11,686	10,265	10,896	11,195	12,044	10,628	9,473
Selling & Marketing	7,374	7,156	7,158	6,752	7,292	6,861	7,348	7,774	8,265	7,745	6,913
General & Administrative	4,667	4,983	4,738	4,414	4,394	3,404	3,548	3,421	3,779	2,883	2,560
Operating Income	15,405	15,487	13,966	14,517	13,824	9,620	16,098	16,414	16,460	12,882	13,904
Interest Expense	5,146	6,376	6,133	5,814	6,040	8,419	5,993	9,261	7,006	9,382	3,142
Interest & Investment Income	682	1,024	1,031	1,665	431	722	2,519	435	380	818	1,689
Income from Equity Investments	–	–	–	–	248	156	152	153	430	16	10
Asset Impairment Charges	–	–	–	–	–	15	188	–	–	–	–
Pretax Income	11,328	10,568	9,124	9,524	8,463	2,079	12,776	7,741	10,264	4,334	12,461
Income Tax Expense	2,850	3,152	2,234	1,928	2,350	1,932	2,786	2,585	1,658	1,613	2,594
Income from Continuing Operations	8,477	7,416	6,891	7,597	6,114	147	9,990	5,157	8,606	2,721	9,867
Income from Discontinued Operations	–	–	–	0	0	2,055	424	531	560	48	–
Net Income incl. Noncontrolling Interests	8,477	7,416	6,891	7,597	6,114	2,202	10,414	5,688	9,166	2,769	9,867
Minority Interest in Earnings	–	–	–	1,628	1,444	797	1,243	1,318	1,176	1,528	1,594
Net Income	6,837	5,855	5,341	5,969	4,670	1,405	9,171	4,370	7,990	1,241	8,273
Net Income to Common	6,837	5,855	5,341	5,969	4,670	1,405	9,171	4,370	7,990	1,241	8,273
EPS (Basic)(per share)	3.45	2.92	2.65	2.97	2.33	0.70	4.62	2.21	4.05	0.72	5.05
EPS (Diluted)(per share)	3.39	2.86	2.60	2.91	2.28	0.69	4.53	2.17	3.98	0.71	4.96
EBITDA	21,057	21,031	19,377	19,595	18,876	14,449	20,755	21,038	21,085	16,359	17,057

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, FY2025

Gross margin: 55.9%
Operating margin: 26.0%
Net margin: 11.5%
Return on equity, FY2025: 8.3%

Financial strength

Current ratio: 0.66
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 22.9%

Valuation

P/E ratio: 24.4
Price to sales: 2.50
Price to book: 1.59
Dividend yield: –

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