70/100B83.950
USD
-1.24
(-1.46%)
Market Closed
Last updated: · Delayed 15 min
Fair value59.90Plus+40%42Price 83.95110
Last quarter:EPS0.81Missed -25.7%
Last quarter · H2 FY2026
EPS0.81Missed -25.7%Revenue16.51BBeat +3.8%
Anheuser-Busch INBEV SA income statement 2002–2026
48.44B USD over the last twelve months, and 59.32B USD in fiscal year 2025.
Revenue Operating income Net income
Click a line's chart icon in the table to add it to the chart; hover over it for a quick look.
| Fiscal year | TTM 30 Sept 2026 | FY2025 31 Dec 2025 | FY2024 31 Dec 2024 | FY2023 31 Dec 2023 | FY2022 31 Dec 2022 | FY2021 31 Dec 2021 | FY2020 31 Dec 2020 | FY2019 31 Dec 2019 | FY2018 31 Dec 2018 | FY2017 31 Dec 2017 | FY2016 31 Dec 2016 | FY2015 31 Dec 2015 | FY2014 31 Dec 2014 | FY2013 31 Dec 2013 | FY2012 31 Dec 2012 | FY2011 31 Dec 2011 | FY2010 31 Dec 2010 | FY2009 31 Dec 2009 | FY2008 31 Dec 2008 | FY2007 31 Dec 2007 | FY2006 31 Dec 2006 | FY2005 31 Dec 2005 | FY2004 31 Dec 2004 | FY2003 31 Dec 2003 | FY2002 31 Dec 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 48.44B | 59.32B | 59.77B | 59.38B | 57.79B | 54.30B | 46.88B | 52.33B | 53.04B | 54.86B | 45.52B | 43.60B | 47.06B | 43.20B | 39.76B | 39.05B | 36.30B | 36.76B | 23.51B | 19.74B | 17.56B | 13.81B | 11.61B | 8.87B | 7.34B | |
Revenue growth | -20.09% | -0.75% | +0.65% | +2.76% | +6.41% | +15.83% | -10.41% | -1.34% | -3.31% | +20.52% | +4.39% | ||||||||||||||
Cost of revenue | 20.91B | 26.14B | 26.74B | 27.40B | 26.31B | 23.10B | 19.63B | 20.36B | 19.93B | 20.98B | 17.80B | 17.14B | 18.76B | 17.59B | 16.42B | 16.61B | 16.15B | 17.20B | 10.34B | 8.12B | 7.23B | 6.02B | 5.41B | 4.26B | 3.59B |
Gross profit | 27.53B | 33.18B | 33.02B | 31.98B | 31.48B | 31.21B | 27.25B | 31.97B | 33.11B | 33.88B | 27.72B | 26.47B | 28.31B | 25.60B | 23.34B | 22.44B | 20.15B | 19.56B | 13.17B | 11.62B | 10.34B | 7.79B | 6.20B | 4.61B | 3.75B |
Gross margin | 56.83% | 55.93% | 55.25% | 53.86% | 54.48% | 57.47% | 58.12% | 61.09% | 62.42% | 61.77% | 60.89% | ||||||||||||||
Selling, general and administrative | 11.48B | 18.13B | 18.34B | 18.17B | 17.56B | 17.58B | 15.37B | 16.42B | 16.81B | 17.76B | 15.17B | 13.73B | 14.39B | 12.56B | 11.24B | 10.51B | 9.59B | 9.97B | 7.71B | 6.62B | 6.17B | 5.03B | 3.73B | 3.49B | 2.80B |
Operating expenses | 14.30B | 17.53B | 17.54B | 18.02B | 16.96B | 17.38B | 17.63B | 15.87B | 16.69B | 17.42B | 14.83B | 13.08B | 13.20B | 5.16B | 10.59B | 10.09B | 9.25B | 7.99B | 7.83B | 5.75B | 6.21B | 5.18B | 4.42B | 3.55B | 2.99B |
| 13.23B | 15.65B | 15.49B | 13.97B | 14.52B | 13.82B | 9.62B | 16.10B | 16.41B | 16.46B | 12.88B | 13.39B | 15.11B | 20.44B | 12.75B | 12.35B | 10.90B | 11.57B | 5.34B | 5.87B | 4.13B | 2.60B | 1.78B | 1.06B | 763.93M | |
Operating income growth | -42.03% | +1.05% | +10.89% | -3.80% | +5.01% | +43.70% | -40.24% | -1.93% | -0.28% | +27.78% | -3.77% | ||||||||||||||
Operating margin | 27.31% | 26.38% | 25.91% | 23.52% | 25.12% | 25.46% | 20.52% | 30.76% | 30.95% | 30.00% | 28.30% | ||||||||||||||
Interest income | — | 628.00M | 589.96M | 565.88M | 294.16M | 112.82M | 150.99M | 409.92M | 332.64M | 289.97M | 559.77M | 337.39M | 333.71M | 286.55M | 207.17M | 326.16M | 315.65M | 151.57M | 122.91M | 73.92M | 76.57M | 120.23M | 96.90M | — | — |
Interest expense | 3.21B | 3.86B | 4.47B | 4.76B | 4.61B | 4.40B | 4.73B | 5.02B | 4.87B | 5.10B | 4.85B | 2.23B | 2.63B | 2.37B | 2.29B | 2.89B | 1.95B | 1.78B | 812.09M | 338.10M | 617.56M | 593.69M | 340.40M | — | — |
Other non-operating income | -1.54B | -4.32B | -4.92B | -4.84B | -4.99B | -5.36B | -7.54B | -3.32B | -8.67B | -6.20B | -8.55B | -926.00M | -1.31B | -1.91B | -1.74B | -2.66B | -3.22B | -3.91B | -1.54B | -817.00M | -622.95M | -479.68M | -201.98M | -120.90M | -66.11M |
Pretax income | 11.69B | 11.33B | 10.57B | 9.12B | 9.52B | 8.46B | 2.08B | 12.78B | 7.74B | 10.26B | 4.33B | 12.46B | 13.80B | 18.53B | 11.01B | 9.69B | 7.68B | 7.66B | 3.80B | 5.06B | 3.51B | 2.12B | 1.58B | 935.73M | 697.82M |
Income tax | 2.66B | 2.85B | 3.15B | 2.23B | 1.93B | 2.35B | 1.93B | 2.79B | 2.59B | 1.66B | 1.61B | 2.59B | 2.50B | 2.02B | 1.68B | 1.83B | 1.92B | 1.79B | 674.00M | 888.00M | 700.81M | 463.10M | 361.95M | 232.99M | 169.99M |
Effective tax rate | 22.72% | 25.16% | 29.83% | 24.48% | 20.24% | 27.77% | 92.93% | 21.81% | 33.39% | 16.15% | 37.22% | ||||||||||||||
| 7.91B | 6.84B | 5.86B | 5.34B | 5.97B | 4.67B | 1.41B | 9.17B | 4.37B | 7.99B | 1.24B | 8.27B | 9.22B | 14.39B | 7.16B | 5.78B | 4.03B | 4.61B | 1.93B | 3.01B | 2.81B | 1.66B | 1.22B | 636.00M | 490.05M | |
Net income growth | +24.44% | +16.77% | +9.62% | -10.52% | +27.82% | +232.38% | -84.68% | +109.86% | -45.31% | +543.84% | -85.00% | ||||||||||||||
Net margin | 16.33% | 11.53% | 9.80% | 8.99% | 10.33% | 8.60% | 3.00% | 17.53% | 8.24% | 14.56% | 2.73% | ||||||||||||||
Basic shares | 1.98B | 1.98B | 2.00B | 2.02B | 2.01B | 2.01B | 2.00B | 1.98B | 1.98B | 1.97B | 1.72B | 1.64B | 1.63B | 1.62B | 1.60B | 1.60B | 1.59B | 1.59B | 999.00M | 976.00M | 972.53M | 959.73M | 767.79M | 691.01M | 689.41M |
| 1.98B | 1.98B | 2.04B | 2.05B | 2.05B | 2.05B | 2.00B | 2.03B | 2.01B | 2.01B | 1.76B | 1.64B | 1.67B | 1.65B | 1.63B | 1.61B | 1.61B | 1.59B | 1.00B | 981.00M | 980.53M | 964.53M | 772.58M | 694.21M | 695.81M | |
Change in diluted shares | -0.53% | -2.93% | -0.49% | +0.20% | +0.24% | +2.35% | -1.38% | +0.75% | +0.05% | +14.53% | +6.95% | ||||||||||||||
EPS (basic) | 4.00 | 3.46 | 2.92 | 2.65 | 2.97 | 2.33 | 0.70 | 4.62 | 2.21 | 4.06 | 0.72 | 5.84 | 5.64 | 8.90 | 4.53 | 3.67 | 2.53 | 2.91 | 1.93 | 3.08 | 1.91 | 1.12 | 1.27 | 0.92 | 0.71 |
| 4.00 | 3.46 | 2.86 | 2.60 | 2.91 | 2.28 | 0.70 | 4.53 | 2.17 | 3.98 | 0.71 | 5.84 | 5.54 | 8.72 | 4.45 | 3.63 | 2.50 | 2.91 | 1.93 | 3.06 | 1.90 | 1.11 | 1.26 | 0.91 | 0.70 | |
EPS growth | +25.00% | +20.98% | +10.00% | -10.65% | +27.63% | +225.71% | -84.55% | +108.76% | -45.48% | +460.56% | -87.84% | ||||||||||||||
Dividends per share | 1.35 | 1.30 | 0.88 | 0.82 | 0.53 | 0.60 | 0.55 | 2.01 | 3.39 | 3.97 | 4.01 | 3.94 | 2.92 | 3.02 | 1.57 | 1.16 | 0.52 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Dividend growth | +19.45% | +47.79% | +6.76% | +56.28% | -12.21% | +9.07% | -72.54% | -40.85% | -14.65% | -0.96% | +1.73% | ||||||||||||||
EBITDA | 17.66B | 20.84B | 20.30B | 19.07B | 18.98B | 17.79B | 11.36B | 22.33B | 21.62B | 19.81B | 12.64B | 17.91B | 19.48B | 23.97B | 16.14B | 15.41B | 13.65B | 15.12B | 7.53B | 7.50B | 5.62B | 4.03B | 3.25B | 1.74B | 1.33B |
EBITDA margin | 36.45% | 35.14% | 33.96% | 32.11% | 32.85% | 32.76% | 24.23% | 42.66% | 40.76% | 36.11% | 27.78% | ||||||||||||||
EBIT | 14.90B | 15.19B | 14.75B | 13.66B | 13.90B | 12.74B | 6.73B | 17.67B | 17.00B | 15.39B | 9.18B | 14.88B | 16.26B | 21.06B | 13.44B | 12.70B | 10.87B | 12.43B | 5.69B | 6.03B | 4.35B | 2.93B | 2.34B | 1.06B | 763.93M |
| Quarter | H2 FY2026 30 Sept 2026 | H1 FY2026 30 Jun 2026 | H2 FY2025 31 Dec 2025 | H1 FY2025 30 Jun 2025 | H2 FY2024 31 Dec 2024 | H1 FY2024 30 Jun 2024 | H2 FY2023 31 Dec 2023 | H1 FY2023 30 Jun 2023 | H2 FY2022 31 Dec 2022 | H1 FY2022 30 Jun 2022 | H2 FY2021 31 Dec 2021 | H1 FY2021 30 Jun 2021 | H2 FY2020 31 Dec 2020 | H1 FY2020 30 Jun 2020 | H2 FY2019 31 Dec 2019 | H1 FY2019 30 Jun 2019 | H2 FY2018 31 Dec 2018 | H1 FY2018 30 Jun 2018 | H2 FY2017 31 Dec 2017 | H1 FY2017 30 Jun 2017 | H2 FY2016 31 Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 16.51B | 31.93B | 30.61B | 30.01B | 29.89B | 29.88B | 30.05B | 29.33B | 29.76B | 28.03B | 28.47B | 25.83B | 25.58B | 21.30B | 26.51B | 25.82B | 27.17B | 27.11B | 29.34B | 27.10B | 25.31B | |
Revenue growth | — | +6.40% | +2.41% | +0.43% | -0.53% | +1.86% | +0.97% | +4.66% | +4.52% | +8.50% | |||||||||||
Cost of revenue | 7.21B | 13.70B | 13.50B | 13.12B | 13.32B | 13.42B | 13.86B | 13.54B | 13.52B | 12.79B | 12.14B | 10.96B | 10.54B | 9.10B | 10.41B | 9.95B | 10.05B | 10.20B | 10.71B | 10.67B | 9.80B |
Gross profit | 9.30B | 18.23B | 17.10B | 16.89B | 16.56B | 16.46B | 16.19B | 15.80B | 16.24B | 15.24B | 16.34B | 14.87B | 15.05B | 12.20B | 16.10B | 15.87B | 17.11B | 16.91B | 18.63B | 16.43B | 15.51B |
Gross margin | 56.33% | 57.08% | 55.88% | 56.29% | 55.42% | 55.09% | 53.88% | 53.85% | 54.57% | 54.38% | |||||||||||
Selling, general and administrative | 4.98B | 6.50B | 9.30B | 17.62B | 9.09B | 9.25B | 9.12B | 9.05B | 8.94B | 8.62B | 9.00B | 8.57B | 8.11B | 7.26B | 8.34B | 8.08B | 8.25B | 8.81B | 9.32B | 8.78B | 8.46B |
Operating expenses | 4.76B | 9.53B | 9.30B | 1.88B | 8.62B | 8.91B | 8.67B | 8.73B | 8.58B | 8.23B | 9.28B | 8.32B | 10.53B | 9.90B | 8.02B | 7.69B | 8.58B | 8.74B | 9.33B | 8.66B | 8.54B |
| 4.54B | 8.69B | 7.81B | 15.01B | 7.94B | 7.55B | 7.52B | 7.07B | 7.66B | 7.01B | 7.06B | 6.55B | 4.52B | 2.31B | 8.08B | 8.18B | 8.53B | 8.18B | 9.30B | 7.77B | 6.97B | |
Operating income growth | — | -42.11% | -1.67% | +98.91% | +5.61% | +6.72% | -1.89% | +0.90% | +8.60% | +6.99% | |||||||||||
Operating margin | 27.48% | 27.22% | 25.51% | 50.03% | 26.57% | 25.26% | 25.02% | 24.11% | 25.75% | 25.01% | |||||||||||
Interest income | — | 2.39B | 270.29M | 483.84M | 331.42M | 258.54M | 340.46M | 225.37M | 210.37M | 83.68M | 54.86M | 57.89M | 52.40M | 98.38M | 257.56M | 152.13M | 177.78M | 154.62M | 174.28M | 115.18M | 307.60M |
Interest expense | 745.00M | 2.46B | 2.25B | 3.84B | 2.92B | 1.54B | 2.51B | 2.24B | 2.38B | 2.22B | 2.19B | 2.20B | 2.36B | 2.37B | 2.55B | 2.47B | 2.46B | 2.40B | 2.52B | 2.57B | 3.82B |
Other non-operating income | -1.61B | 74.00M | -2.47B | -9.48B | -2.15B | -2.77B | -2.24B | -3.22B | -1.85B | -3.29B | -2.90B | -2.25B | 813.00M | -5.56B | -3.27B | -211.00M | -5.17B | -3.15B | -2.79B | -3.21B | -4.30B |
Pretax income | 2.93B | 8.77B | 5.34B | 5.53B | 5.79B | 4.78B | 5.28B | 3.85B | 5.81B | 3.72B | 4.16B | 4.31B | 5.33B | -3.25B | 4.81B | 7.97B | 3.36B | 5.02B | 6.51B | 4.57B | 2.67B |
Income tax | 952.00M | 1.70B | 1.44B | 1.48B | 1.61B | 1.55B | 1.04B | 1.19B | 683.00M | 721.00M | 1.12B | 1.23B | 1.44B | 492.00M | 1.22B | 1.57B | 1.36B | 1.43B | 927.00M | 994.00M | 779.00M |
Effective tax rate | 32.54% | 19.44% | 27.02% | 26.77% | 27.75% | 32.33% | 19.74% | 30.97% | 11.76% | 19.39% | |||||||||||
| 1.60B | 6.31B | 3.01B | 3.35B | 3.29B | 2.56B | 3.36B | 1.98B | 4.28B | 1.69B | 2.21B | 2.46B | 3.31B | -1.90B | 3.12B | 6.05B | 1.42B | 2.96B | 5.09B | 2.91B | 956.00M | |
Net income growth | — | +88.37% | -8.69% | +30.73% | -2.14% | +29.63% | -21.37% | +16.90% | +93.27% | -31.16% | |||||||||||
Net margin | 9.67% | 19.78% | 9.82% | 11.17% | 11.01% | 8.58% | 11.19% | 6.74% | 14.37% | 6.04% | |||||||||||
Basic shares | 1.97B | 1.98B | 1.98B | 1.99B | 2.00B | 2.01B | 1.98B | 2.02B | 1.98B | 2.01B | 1.98B | 2.01B | 1.97B | 1.97B | 1.96B | 1.98B | 1.96B | 1.97B | 1.96B | 1.97B | 1.64B |
| 1.97B | 1.98B | 1.98B | 1.99B | 2.00B | 2.04B | 2.02B | 2.02B | 2.01B | 2.01B | 2.01B | 2.01B | 1.98B | 1.97B | 1.96B | 1.98B | 1.98B | 1.97B | 1.97B | 1.97B | 1.97B | |
Change in diluted shares | — | -0.82% | -1.26% | -2.40% | -0.64% | +1.29% | +0.20% | +0.25% | +0.30% | +0.30% | |||||||||||
EPS (basic) | 0.81 | 3.19 | 1.52 | 1.68 | 1.64 | 1.27 | 1.67 | 0.98 | 2.12 | 1.23 | 1.29 | 1.23 | 1.65 | -0.97 | 1.57 | 3.07 | 0.72 | 1.50 | 2.58 | 2.12 | 0.58 |
| 0.81 | 3.19 | 1.52 | 1.68 | 1.64 | 1.27 | 1.67 | 0.98 | 2.12 | 1.23 | 1.29 | 1.23 | 1.65 | -0.97 | 1.57 | 3.07 | 0.72 | 1.50 | 2.58 | 2.12 | 0.54 | |
EPS growth | — | +89.88% | -7.32% | +32.28% | -1.80% | +29.59% | -21.23% | -20.33% | +64.34% | 0.00% | |||||||||||
Dividends per share | 1.17 | 1.17 | 0.17 | 1.13 | 0.00 | 0.88 | 0.00 | 0.82 | 0.00 | 0.53 | 0.00 | 0.60 | 0.00 | 0.55 | 0.89 | 1.12 | 0.91 | 2.48 | 1.85 | 2.12 | 1.75 |
Dividend growth | +4.14% | +4.14% | — | +28.17% | — | +6.76% | — | +56.28% | — | -12.21% | |||||||||||
EBITDA | 3.67B | 13.98B | 10.66B | 10.52B | 11.03B | 9.25B | 10.16B | 8.40B | 10.69B | 8.06B | 8.68B | 8.77B | 10.20B | 1.49B | 12.78B | 12.52B | 8.10B | 9.72B | 11.29B | 9.23B | 7.38B |
EBITDA margin | 22.23% | 43.80% | 34.82% | 35.05% | 36.89% | 30.97% | 33.81% | 28.62% | 35.93% | 28.74% | |||||||||||
EBIT | 3.67B | 11.23B | 7.60B | 7.92B | 8.08B | 6.67B | 7.25B | 5.91B | 7.90B | 5.78B | 6.37B | 6.49B | 7.75B | -925.00M | 10.43B | 10.25B | 5.81B | 7.39B | 9.10B | 7.10B | 5.64B |
Figures in USD. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.
Common questions about Anheuser-Busch INBEV SA's income statement
Source: Financial Modeling Prep