NYSE · BUD
Anheuser-Busch INBEV SA/NV financials
$74.29−3.64%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $59.32B | $59.77B | $59.38B | $57.79B | $54.30B | $46.88B | $52.33B | $53.04B | $54.86B | $45.52B |
| Gross profit | $33.18B | $33.02B | $31.98B | $31.48B | $31.21B | $27.25B | $31.97B | $33.11B | $33.88B | $27.71B |
| Gross margin | 55.9% | 55.3% | 53.9% | 54.5% | 57.5% | 58.1% | 61.1% | 62.4% | 61.8% | 60.9% |
| Operating income | $15.40B | $15.49B | $13.97B | $14.52B | $13.82B | $9.62B | $16.15B | $16.44B | $16.50B | $12.50B |
| Net income | $6.84B | $5.86B | $5.34B | $5.97B | $4.67B | $1.41B | $9.17B | $4.37B | $7.99B | $1.24B |
| Net margin | 11.5% | 9.8% | 9.0% | 10.3% | 8.6% | 3.0% | 17.5% | 8.2% | 14.6% | 2.7% |
| Diluted EPS | $3.39 | $2.86 | $2.60 | $2.91 | $2.28 | $0.69 | $4.53 | $2.17 | $3.98 | $0.71 |
| EBITDA | $21.06B | $21.03B | $19.38B | $19.59B | $19.49B | $17.55B | $21.00B | $21.50B | $21.70B | $16.75B |
| Operating cash flow | $14.88B | $15.05B | $13.27B | $13.30B | $14.80B | $10.89B | $14.04B | $15.06B | $14.92B | $10.11B |
| Free cash flow | $11.23B | $11.19B | $8.63B | $8.14B | $9.16B | $7.11B | $8.86B | $10.06B | $10.24B | $5.25B |
| Diluted shares | 2,018.0M | 2,044.0M | 2,054.0M | 2,050.0M | 2,045.0M | 2,037.0M | 2,026.0M | 2,011.0M | 2,010.0M | 1,755.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $11.64B | $11.17B | $10.33B | $9.97B | $12.10B | $15.25B |
| Short-term investments | $306.0M | $221.0M | $67.0M | $97.0M | $374.0M | $396.0M |
| Total debt | $73.03B | $72.17B | $78.17B | $80.77B | $89.84B | $100.09B |
| Total assets | $218.81B | $206.64B | $219.34B | $212.94B | $217.63B | $226.41B |
| Total liabilities | $121.07B | $117.94B | $126.66B | $128.66B | $138.29B | $148.06B |
| Shareholders' equity | $97.74B | $88.70B | $92.68B | $84.28B | $79.34B | $78.35B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology