Anheuser-Busch Inbev SA Sponsored ADR (Belgium) (BUD) reported $59.32B of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 0.7% from the year before.

Yes. Anheuser-Busch Inbev SA Sponsored ADR (Belgium) earned $6.84B in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 11.5%.

How much cash and debt does BUD have?

Anheuser-Busch Inbev SA Sponsored ADR (Belgium) reported $11.64B in cash and cash equivalents and $73.01B of debt on its most recent balance sheet in SEC filings.

How fast is BUD revenue growing?

Anheuser-Busch Inbev SA Sponsored ADR (Belgium)'s revenue changed -0.7% in fiscal 2025, to $59.32B. Its compound annual growth rate was +4.8% over 5 years and +3.3% over 10 years.

What is BUD gross margin?

Anheuser-Busch Inbev SA Sponsored ADR (Belgium)'s gross profit was $33.18B on $59.32B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 55.9%.

What is BUD free cash flow?

Anheuser-Busch Inbev SA Sponsored ADR (Belgium) generated $11.23B of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $14.88B less capital expenditures.

What is BUD earnings per share?

Diluted earnings per share were $3.39 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.

When did BUD last report financial results?

The latest statements here come from Anheuser-Busch Inbev SA Sponsored ADR (Belgium)'s 20-F filed on Mar 3, 2026, covering the period ended Dec 31, 2025.

Financials · BUD

Anheuser-Busch Inbev SA Sponsored ADR (Belgium) (BUD) financials

For fiscal 2025 (ended Dec 31, 2025), Anheuser-Busch Inbev SA Sponsored ADR (Belgium) reported $59.32B of revenue and $6.84B of net income.

Revenue, FY2025: $59.32B
Revenue growth, YoY: -0.7%
Net income, FY2025: $6.84B
Net income growth, YoY: +16.8%
Net margin: 11.5%
Free cash flow, FY2025: $11.23B
EPS, diluted, FY2025: $3.39
EPS growth, YoY: +18.5%
Cash: $11.64B
Total debt: $73.01B
P/E: 24.22
P/S: 2.79
Market cap: $165.57B

Annual revenue$59.32B

FY2016FY2025

Annual net income$6.84B

FY2016FY2025

Annual free cash flow$11.23B

FY2016FY2025

BUD revenue and earnings growth

BUD revenueFY2025$59.32B

FY YoY: -0.7%
5Y CAGR: +4.8%
10Y CAGR: +3.3%

BUD revenue was $59.32B for fiscal 2025 (ended Dec 31, 2025), down 0.7% from fiscal 2024. Compound annual growth was +4.8% over 5 years and +3.3% over 10 years. It rose in 6 of the last 10 fiscal years.

BUD net incomeFY2025$6.84B

FY YoY: +16.8%
5Y CAGR: +37.2%
10Y CAGR: -1.9%

BUD net income was $6.84B for fiscal 2025 (ended Dec 31, 2025), up 16.8% from fiscal 2024. Compound annual growth was +37.2% over 5 years and -1.9% over 10 years. It rose in 6 of the last 10 fiscal years.

BUD EPSFY2025$3.39

FY YoY: +18.5%
5Y CAGR: +37.5%
10Y CAGR: -3.7%

BUD diluted EPS was $3.39 for fiscal 2025 (ended Dec 31, 2025), up 18.5% from fiscal 2024. Compound annual growth was +37.5% over 5 years and -3.7% over 10 years.

BUD free cash flowFY2025$11.23B

FY YoY: +0.3%
5Y CAGR: +9.6%
10Y CAGR: +1.8%

BUD free cash flow was $11.23B for fiscal 2025 (ended Dec 31, 2025), up 0.3% from fiscal 2024. Compound annual growth was +9.6% over 5 years and +1.8% over 10 years. It rose in 5 of the last 10 fiscal years. Fiscal 2025 is the highest of the 11 fiscal years on file.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$59.32B	$59.77B	$59.38B	$57.79B	$54.30B	$46.88B	$52.33B	$53.04B	$54.86B	$45.52B
Cost of revenue	$26.14B	$26.74B	$27.40B	$26.30B	$23.10B	$19.63B	$20.36B	$19.93B	$20.98B	$17.80B
Gross profit	$33.18B	$33.02B	$31.98B	$31.48B	$31.21B	$27.25B	$31.97B	$33.11B	$33.88B	$27.71B
Research and development	-	-	-	-	$298.00M	$296.00M	$291.00M	$276.00M	$265.00M	$244.00M
Selling, general and admin	$4.67B	$4.98B	$4.74B	$4.41B	$4.39B	$3.40B	$3.55B	$3.42B	$3.78B	$2.88B
Operating income	$15.40B	$15.49B	$13.97B	$14.52B	$13.82B	$9.62B	$16.10B	$16.41B	$16.46B	$12.88B
Interest expense	$5.15B	$6.38B	$6.13B	$3.59B	$3.67B	-$4.00B	$4.17B	$9.26B	$4.31B	$4.09B
Pre-tax income	$11.33B	$10.57B	$9.12B	$9.52B	$8.46B	$2.08B	$12.78B	$7.74B	$10.26B	$4.33B
Income tax	$2.85B	$3.15B	$2.23B	$1.93B	$2.35B	$1.93B	$2.79B	$2.58B	$1.66B	$1.61B
Net income	$6.84B	$5.86B	$5.34B	$5.97B	$4.67B	$1.41B	$9.17B	$4.37B	$7.99B	$1.24B
EPS, basic	$3.45	$2.92	$2.65	$2.97	$2.33	$0.70	$4.62	$2.21	$4.05	$0.72
EPS, diluted	$3.39	$2.86	$2.60	$2.91	$2.28	$0.69	$4.53	$2.17	$3.98	$0.71

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$11.64B	$11.17B	$10.33B	$9.97B	$12.10B	$15.25B	$7.24B	$7.07B	$10.47B	$8.58B
Receivables	$6.16B	$5.27B	$6.02B	$5.33B	$5.05B	$4.83B	$6.19B	$6.38B	$6.57B	$6.35B
Inventory	$5.11B	$5.02B	$5.58B	$6.61B	$5.40B	$4.48B	$4.43B	$4.23B	$4.12B	$3.89B
Current assets	$24.77B	$23.00B	$23.37B	$23.19B	$23.95B	$26.52B	$28.81B	$18.28B	$23.96B	$43.02B
Goodwill	$117.91B	$110.48B	$117.04B	$113.01B	$115.80B	$120.97B	$128.11B	$133.31B	$140.94B	$136.53B
Total assets	$218.81B	$206.64B	$219.34B	$212.94B	$217.63B	$226.41B	$236.65B	$233.87B	$248.21B	$256.59B
Current liabilities	$34.48B	$33.07B	$37.16B	$34.38B	$34.18B	$32.35B	$34.84B	$34.83B	$36.63B	$40.37B
Total debt	$73.01B	$72.17B	-	-	-	-	$102.97B	$111.58B	$116.38B	$122.56B
Total liabilities	$121.07B	$117.94B	$126.66B	$128.66B	$138.29B	$148.06B	$152.09B	$161.98B	$168.01B	$175.16B
Shareholders' equity	$87.29B	$78.24B	$92.68B	$84.28B	$79.34B	$78.35B	$84.55B	$71.89B	$80.20B	$81.42B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$14.88B	$15.05B	$13.27B	$13.30B	$14.80B	$10.89B	$14.04B	$15.06B	$14.92B	$10.11B
Capital expenditures	$3.66B	$3.86B	$4.64B	$5.16B	$5.64B	$3.78B	$5.17B	$5.00B	$4.68B	$4.98B
Free cash flow	$11.23B	$11.19B	$8.63B	$8.14B	$9.16B	$7.11B	$8.86B	$10.06B	$10.24B	$5.13B
Investing cash flow	-$3.44B	-$3.26B	-$4.39B	-$4.34B	-$5.88B	$6.34B	-$4.93B	-$3.97B	$7.87B	-$60.08B
Financing cash flow	-$11.45B	-$9.85B	-$8.56B	-$10.90B	-$11.60B	-$8.47B	-$8.76B	-$14.35B	-$21.33B	$50.73B
Dividends paid	$4.54B	$2.67B	$3.01B	$2.44B	$2.36B	$1.80B	$5.01B	$7.76B	$9.28B	$8.45B
Share repurchases	$2.30B	$937.00M	$362.00M	$0	$0	-	-	-	-	-
Stock-based compensation	$625.00M	$644.00M	$570.00M	$448.00M	$510.00M	$169.00M	$340.00M	$333.00M	$348.00M	$231.00M
Depreciation and amortization	$5.65B	$5.54B	$5.41B	$5.08B	$5.05B	$4.83B	$4.66B	$4.62B	$4.63B	$3.48B

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	-0.7%	0.7%	2.8%	6.4%	15.8%	-10.4%	-1.3%	-3.3%	20.5%	5.7%
Net income growth, YoY	16.8%	9.6%	-10.5%	27.8%	232.4%	-84.7%	109.9%	-45.3%	543.8%	-85.0%
EPS growth, YoY	18.5%	10.0%	-10.7%	27.6%	230.4%	-84.8%	108.8%	-45.5%	460.6%	-85.7%
Gross margin	55.9%	55.3%	53.9%	54.5%	57.5%	58.1%	61.1%	62.4%	61.8%	60.9%
Operating margin	26.0%	25.9%	23.5%	25.1%	25.5%	20.5%	30.8%	30.9%	30.0%	28.3%
Net margin	11.5%	9.8%	9.0%	10.3%	8.6%	3.0%	17.5%	8.2%	14.6%	2.7%
Free cash flow margin	18.9%	18.7%	14.5%	14.1%	16.9%	15.2%	16.9%	19.0%	18.7%	11.3%
Return on equity	7.8%	7.5%	5.8%	7.1%	5.9%	1.8%	10.8%	6.1%	10.0%	1.5%
Return on assets	3.1%	2.8%	2.4%	2.8%	2.1%	0.6%	3.9%	1.9%	3.2%	0.5%
Current ratio	0.72	0.70	0.63	0.67	0.70	0.82	0.83	0.52	0.65	1.07
Debt to equity	0.84	0.92	-	-	-	-	1.22	1.55	1.45	1.51

Source: XBRL data Anheuser-Busch Inbev SA Sponsored ADR (Belgium) files with the SEC, latest filing dated Mar 3, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

BUD peers

Company	Revenue	Growth	Net income	Net margin	Market cap
BUD	$59.32B	-0.7%	$6.84B	11.5%	$165.57B
KOCoca-Cola Company	$51.05B	+7.1%	$14.63B	28.7%	$411.56B
PEPPepsiCo Inc.	$98.24B	+6.4%	$10.90B	11.1%	$192.61B
KOFCoca Cola Femsa S.A.B. de C.V.	MXN 291.75B	+4.3%	MXN 23.84B	8.2%	$192.32B
MNSTMonster Beverage Corporation	$9.58B	+20.2%	$2.17B	22.7%	$134.35B
DEODiageo plc	$27.76B	-0.7%	$1.96B	7.1%	$55.53B
CCEPCoca-Cola Europacific Partners plc	€20.90B	+2.3%	€1.94B	9.3%	$52.72B
KDPKeurig Dr Pepper Inc.	$20.09B	+27.5%	$1.43B	7.1%	$49.84B
FMXFomento Economico Mexicano S.A.B. de C.V.	MXN 840.95B	+7.6%	MXN 33.05B	3.9%	$44.24B

BUD FAQ

9 questions

What is BUD revenue?
Anheuser-Busch Inbev SA Sponsored ADR (Belgium) (BUD) reported $59.32B of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 0.7% from the year before.
Is BUD profitable?
Yes. Anheuser-Busch Inbev SA Sponsored ADR (Belgium) earned $6.84B in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 11.5%.
How much cash and debt does BUD have?
Anheuser-Busch Inbev SA Sponsored ADR (Belgium) reported $11.64B in cash and cash equivalents and $73.01B of debt on its most recent balance sheet in SEC filings.
How fast is BUD revenue growing?
Anheuser-Busch Inbev SA Sponsored ADR (Belgium)'s revenue changed -0.7% in fiscal 2025, to $59.32B. Its compound annual growth rate was +4.8% over 5 years and +3.3% over 10 years.
What is BUD gross margin?
Anheuser-Busch Inbev SA Sponsored ADR (Belgium)'s gross profit was $33.18B on $59.32B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 55.9%.
What is BUD free cash flow?
Anheuser-Busch Inbev SA Sponsored ADR (Belgium) generated $11.23B of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $14.88B less capital expenditures.
What is BUD earnings per share?
Diluted earnings per share were $3.39 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
When did BUD last report financial results?
The latest statements here come from Anheuser-Busch Inbev SA Sponsored ADR (Belgium)'s 20-F filed on Mar 3, 2026, covering the period ended Dec 31, 2025.
Where does this BUD financial data come from?
Quantisnow builds these statements from the structured XBRL data Anheuser-Busch Inbev SA Sponsored ADR (Belgium) files with the SEC. It is provided for information only and is not investment advice.