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BUD · NYSE · Beverages - Alcoholic

Anheuser-Busch InBev (ADR) (BUD)

Brews global and local beer brands through an acquisition-built international distribution network.

$78.84

vs last close+0.89 (+1.14%)

In millions of USD, except per-share figures

In millions	Q4 FY20Dec 2020	Q2 FY21Jun 2021	Q4 FY21Dec 2021	Q2 FY22Jun 2022	Q4 FY22Dec 2022	Q2 FY23Jun 2023	Q4 FY23Dec 2023	Q2 FY24Jun 2024	Q4 FY24Dec 2024	Q2 FY25Jun 2025	Q4 FY25Dec 2025	Q2 FY26Jun 2026
Revenue	25,583	25,832	28,472	28,028	29,759	29,333	30,047	29,880	29,887	30,008	30,608	31,927
Cost of revenue	10,538	10,963	12,135	12,785	13,521	13,536	13,859	13,419	13,324	13,116	13,504	13,702
Gross profit	15,046	14,869	16,338	15,243	16,239	15,797	16,188	16,461	16,563	16,892	17,104	18,225
	10,527	8,318	9,281	8,234	8,575	8,725	8,670	8,914	8,623	1,880	9,297	9,534
	8,112	8,570	9,004	8,616	8,939	9,051	9,120	9,248	9,092	17,624	9,297	6,498
Selling & marketing	0	0	0	0	0	0	0	0	0	13,100	0	4,101
General & administrative	0	0	0	0	0	0	0	0	0	4,524	0	2,397
Other expenses	2,415	−252	277	−382	−364	−326	−450	−334	−469	−15,744	0	3,036
Operating income	4,518	6,551	7,056	7,009	7,663	7,072	7,518	7,547	7,940	15,012	7,808	8,691
	813	−2,246	−2,897	−3,290	−1,854	−3,223	−2,240	−2,765	−2,153	−9,484	−2,466	74
Interest income	52	58	55	84	210	225	340	259	331	484	270	2,388
Interest expense	2,356	2,202	2,190	2,224	2,380	2,245	2,514	1,542	2,924	3,836	2,253	2,462
Other non-operating income	−3,233	64	689	1,234	−239	1,166	269	878	−144	7,096	212	−2,536
Income before tax	5,331	4,305	4,159	3,719	5,809	3,849	5,278	4,782	5,787	5,528	5,342	8,765
Income tax expense	1,440	1,231	1,119	721	683	1,192	1,042	1,546	1,606	1,480	1,443	1,704
Net income from continuing operations	3,891	3,074	3,040	2,998	5,126	2,657	4,236	3,236	4,181	4,048	3,899	7,061
Other adjustments	0	0	0	−524	−3	−1	0	0	−1	0	0	−1,494
Net income	3,305	2,458	2,213	1,692	4,277	1,978	3,363	2,564	3,291	3,352	3,005	6,314
EPS, basic	$1.65	$1.23	$1.29	$1.23	$2.12	$0.98	$1.67	$1.27	$1.64	$1.68	$1.52	$3.19
EPS, diluted	$1.65	$1.23	$1.29	$1.23	$2.12	$0.98	$1.67	$1.27	$1.64	$1.68	$1.52	$3.19
Weighted average shares, basic	1,972	2,005	1,981	2,012	1,984	2,016	1,984	2,005	2,003	1,994	1,978	1,978
Weighted average shares, diluted	1,984	2,006	2,006	2,012	2,012	2,017	2,016	2,043	2,003	1,994	1,978	1,978
EBITDA	10,196	6,487	6,367	8,055	10,692	8,396	10,158	9,253	11,025	9,725	10,658	13,984
Depreciation & amortization	2,445	0	0	2,280	2,790	2,490	2,909	2,584	2,941	1,809	3,063	2,757
EBIT	7,751	6,487	6,367	5,775	7,902	5,906	7,249	6,669	8,084	7,916	7,595	11,227