PerpEquities

Equity

Anheuser-Busch InBev SA/NV (BUD) perpetual futures

BUD perpetual futures on 2 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade BUDUSDT.

Anheuser-Busch InBev SA/NV is a global beverage company that makes, markets and sells beers, other alcoholic drinks and soft drinks, with about 500 beer labels including Budweiser, Corona and Stella Artois.

$77.25-1.3%NYSE closed
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Collecting venue price data...
venue perp mark · Bitget (BUD/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

2/2 live markets
Venues
2
Live markets
2/2
24h volume
$48.7K
Open interest
$145.6K
Best liquidity
$15K
Gate.io
Tightest spread
+34.9 bps
Bitget
Highest volume
$48.2K
Bitget
Settlement mix
USDT · 2/2
Perp/spot vol.
0.00x
Spot volume $105.6M
OI / float
0.00%
Float $135.1B
Spot performance
1D-1.36%
5D-0.21%
1M-2.26%
6M+12.53%
YTD+20.46%
1Y+30.52%

Venue matrix

2 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BitgetTradeBUD/USDTTrading$77.320.0% APR
0.000% every 8h
+34.9 bps-$48.2K$143.7KUSDT20x
Gate.ioTradeBUD/USDTTrading$77.250.0% APR
0.000% every 8h
+81.5 bps$15K$495$1.9KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 1 of 2 venues absorb $10k · Typical cost: +129.4 bps

Cheapest execution: Gate.io · +129.4 bps

No fresh book data: Bitget

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

BUD

Tightest spread

BUD

Highest volume

BUD

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 2h ago
Market cap
$151.8B
Updated 2h ago
Revenue
$62.5B
Trailing 12 months
Revenue growth
+9%
Next fiscal year
Profit margin
+15.2%
P/E
12.9
Peer P/E 37.8
Free cash flow
$13.7B
Trailing 12 months
More metrics
Net income
$9.3B
Trailing 12 months
P/S
2.4
Peer P/E
37.8
Similar listed perps
Revenue estimate
$64.9B
Next fiscal year
Earnings
2026-10-29
Revenue est. $14.1B · Updated 2h ago
Dividend
$1.175
2026-05-08

Fundamental detail

Annual + quarterly
Latest revenue$59.3B
Net margin+11.5%
Free cash flow$11.3B
Net debt$61.4B
2020$46.9B
2021$54.3B
2022$57.8B
2023$59.4B
2024$59.8B
2025$59.3B
PeriodRevenueGrowthNet incomeFCF
2020$46.9B-10%$1.4B$6.2B
2021$54.3B+16%$4.7B$9B
2022$57.8B+6%$6B$7.8B
2023$59.4B+3%$5.3B$8.6B
2024$59.8B+1%$5.9B$11.2B
2025$59.3B-1%$6.8B$11.3B
PeriodGross marginOperating marginNet marginROEROA
2020+58.1%+20.5%+3.0%+2.1%+0.6%
2021+57.5%+25.5%+8.6%+6.8%+2.1%
2022+54.5%+25.1%+10.3%+8.1%+2.8%
2023+53.9%+23.5%+9.0%+6.5%+2.4%
2024+55.3%+25.9%+9.8%+7.5%+2.8%
2025+55.9%+26.4%+11.5%+7.8%+3.1%
PeriodCashDebtNet debtCurrent ratio
2020$15.2B$98.6B$83.4B0.82
2021$12B$88.8B$76.8B0.70
2022$9.9B$80B$70.1B0.67
2023$10.3B$78.2B$67.8B0.63
2024$11.2B$72.2B$61B0.70
2025$11.6B$73B$61.4B0.72
PeriodMarket capEnterprise valueP/SP/E
2020$139.7B$223.1B3.099.9
2021$121.5B$198.3B2.226.0
2022$120.9B$191B2.120.2
2023$130.3B$198.1B2.224.4
2024$100.3B$161.3B1.717.1
2025$127.1B$188.4B2.118.5
Q4 2022$29.8B
Q2 2023$29.3B
Q4 2023$30B
Q2 2024$29.9B
Q4 2024$29.9B
Q2 2025$30B
Q4 2025$30.6B
Q2 2026$31.9B
PeriodRevenueGrowthNet incomeFCF
Q4 2022$29.8B+5%$4.3B$7.9B
Q2 2023$29.3B+5%$2B-$1.2B
Q4 2023$30B+1%$3.4B$9.8B
Q2 2024$29.9B+2%$2.6B$831.7M
Q4 2024$29.9B-1%$3.3B$10.3B
Q2 2025$30B0%$3.4B$1.3B
Q4 2025$30.6B+2%$3B$9.9B
Q2 2026$31.9B+6%$6.3B$3.8B
PeriodGross marginOperating marginNet marginROEROA
Q4 2022+54.6%+25.8%+14.4%+5.8%+2.0%
Q2 2023+53.9%+24.1%+6.7%+2.6%+0.9%
Q4 2023+53.9%+25.0%+11.2%+4.1%+1.5%
Q2 2024+55.1%+25.3%+8.6%+3.3%+1.2%
Q4 2024+55.4%+26.6%+11.0%+4.2%+1.6%
Q2 2025+56.3%+50.0%+11.2%+4.2%+1.6%
Q4 2025+55.9%+25.5%+9.8%+3.4%+1.4%
Q2 2026+57.1%+27.2%+19.8%+6.8%+2.9%
PeriodCashDebtNet debtCurrent ratio
Q4 2022$9.9B$80B$70.1B0.67
Q2 2023$6.8B$80.9B$74.1B0.64
Q4 2023$10.3B$78.2B$67.8B0.63
Q2 2024$7.4B$78.2B$70.9B0.69
Q4 2024$11.2B$72.2B$61B0.70
Q2 2025$7.1B$75.6B$68.5B0.64
Q4 2025$11.6B$73B$61.4B0.72
Q2 2026$7.6B$72.3B$64.8B0.66
PeriodMarket capEnterprise valueP/SP/E
Q4 2022$119.1B$189.2B4.07.1
Q2 2023$114.3B$188.4B3.914.5
Q4 2023$128.2B$196B4.39.7
Q2 2024$117B$187.8B3.911.5
Q4 2024$100.3B$161.3B3.47.6
Q2 2025$137B$205.5B4.610.2
Q4 2025$126.7B$188B4.110.5
Q2 2026$163B$227.7B5.16.5

Refreshed 2h ago

Charts: revenue, profit, cash flow & valuation
Revenue$31.9BQ2 2026
$8B$16B$23.9B$31.9BQ4 2020: $25.6BQ2 2021: $25.8BQ4 2021: $28.5BQ2 2022: $28BQ4 2022: $29.8BQ2 2023: $29.3BQ4 2023: $30BQ2 2024: $29.9BQ4 2024: $29.9BQ2 2025: $30BQ4 2025: $30.6BQ2 2026: $31.9BQ4 2020Q2 2026
Net income$6.3BQ2 2026
$1.6B$3.2B$4.7B$6.3BQ4 2020: $3.3BQ2 2021: $2.5BQ4 2021: $2.2BQ2 2022: $1.7BQ4 2022: $4.3BQ2 2023: $2BQ4 2023: $3.4BQ2 2024: $2.6BQ4 2024: $3.3BQ2 2025: $3.4BQ4 2025: $3BQ2 2026: $6.3BQ4 2020Q2 2026
EBITDA$14BQ2 2026
$3.5B$7B$10.5B$14BQ4 2020: $10.2BQ2 2021: $8.8BQ4 2021: $8.7BQ2 2022: $8.1BQ4 2022: $10.7BQ2 2023: $8.4BQ4 2023: $10.2BQ2 2024: $9.3BQ4 2024: $11BQ2 2025: $9.7BQ4 2025: $10.7BQ2 2026: $14BQ4 2020Q2 2026
Free cash flow$3.8BQ2 2026
$1.7B$4.6B$7.5B$10.3BQ4 2020: $6.7BQ2 2021: $1.3BQ4 2021: $7.6BQ2 2022: -$145.4MQ4 2022: $7.9BQ2 2023: -$1.2BQ4 2023: $9.8BQ2 2024: $831.7MQ4 2024: $10.3BQ2 2025: $1.3BQ4 2025: $9.9BQ2 2026: $3.8BQ4 2020Q2 2026
EPS$3.19Q2 2026
$0.8$1.6$2.39$3.19Q4 2020: $1.65Q2 2021: $1.23Q4 2021: $1.29Q2 2022: $1.23Q4 2022: $2.12Q2 2023: $0.98Q4 2023: $1.67Q2 2024: $1.27Q4 2024: $1.64Q2 2025: $1.68Q4 2025: $1.52Q2 2026: $3.19Q4 2020Q2 2026
Cash / Debt$7.6BQ2 2026
$24.6B$49.3B$73.9B$98.6BQ4 2020 · Cash: $15.2BQ4 2020 · Debt: $98.6BQ2 2021 · Cash: $6.8BQ2 2021 · Debt: $90.6BQ4 2021 · Cash: $12BQ4 2021 · Debt: $88.8BQ2 2022 · Cash: $7BQ2 2022 · Debt: $83.4BQ4 2022 · Cash: $9.9BQ4 2022 · Debt: $80BQ2 2023 · Cash: $6.8BQ2 2023 · Debt: $80.9BQ4 2023 · Cash: $10.3BQ4 2023 · Debt: $78.2BQ2 2024 · Cash: $7.4BQ2 2024 · Debt: $78.2BQ4 2024 · Cash: $11.2BQ4 2024 · Debt: $72.2BQ2 2025 · Cash: $7.1BQ2 2025 · Debt: $75.6BQ4 2025 · Cash: $11.6BQ4 2025 · Debt: $73BQ2 2026 · Cash: $7.6BQ2 2026 · Debt: $72.3BQ4 2020Q2 2026
CashDebt
Profitability+57.1%Q2 2026
+14.7%+29.4%+44.1%+58.8%Q4 2020 · Gross margin: +58.8%Q2 2021 · Gross margin: +57.6%Q4 2021 · Gross margin: +57.4%Q2 2022 · Gross margin: +54.4%Q4 2022 · Gross margin: +54.6%Q2 2023 · Gross margin: +53.9%Q4 2023 · Gross margin: +53.9%Q2 2024 · Gross margin: +55.1%Q4 2024 · Gross margin: +55.4%Q2 2025 · Gross margin: +56.3%Q4 2025 · Gross margin: +55.9%Q2 2026 · Gross margin: +57.1%Q4 2020 · Operating margin: +17.7%Q2 2021 · Operating margin: +25.4%Q4 2021 · Operating margin: +24.8%Q2 2022 · Operating margin: +25.0%Q4 2022 · Operating margin: +25.8%Q2 2023 · Operating margin: +24.1%Q4 2023 · Operating margin: +25.0%Q2 2024 · Operating margin: +25.3%Q4 2024 · Operating margin: +26.6%Q2 2025 · Operating margin: +50.0%Q4 2025 · Operating margin: +25.5%Q2 2026 · Operating margin: +27.2%Q4 2020 · Net margin: +12.9%Q2 2021 · Net margin: +9.5%Q4 2021 · Net margin: +7.8%Q2 2022 · Net margin: +6.0%Q4 2022 · Net margin: +14.4%Q2 2023 · Net margin: +6.7%Q4 2023 · Net margin: +11.2%Q2 2024 · Net margin: +8.6%Q4 2024 · Net margin: +11.0%Q2 2025 · Net margin: +11.2%Q4 2025 · Net margin: +9.8%Q2 2026 · Net margin: +19.8%Q4 2020Q2 2026
Gross marginOperating marginNet margin
Revenue growth+6.4%Q2 2026
+2.4%+5.4%+8.3%+11.3%Q4 2021: +11.3%Q2 2022: +8.5%Q4 2022: +4.5%Q2 2023: +4.7%Q4 2023: +1.0%Q2 2024: +1.9%Q4 2024: -0.5%Q2 2025: +0.4%Q4 2025: +2.4%Q2 2026: +6.4%Q4 2020Q2 2026
Shares outstanding2BQ2 2026
510.8M1B1.5B2BQ4 2020: 2BQ2 2021: 2BQ4 2021: 2BQ2 2022: 2BQ4 2022: 2BQ2 2023: 2BQ4 2023: 2BQ2 2024: 2BQ4 2024: 2BQ2 2025: 2BQ4 2025: 2BQ2 2026: 2BQ4 2020Q2 2026
Valuation6.5Q2 2026
3.77.311.014.6Q4 2020 · P/E: 10.6Q2 2021 · P/E: 14.6Q4 2021 · P/E: 11.7Q2 2022 · P/E: 11.0Q4 2022 · P/E: 7.1Q2 2023 · P/E: 14.5Q4 2023 · P/E: 9.7Q2 2024 · P/E: 11.5Q4 2024 · P/E: 7.6Q2 2025 · P/E: 10.2Q4 2025 · P/E: 10.5Q2 2026 · P/E: 6.5Q4 2020 · P/S: 5.4Q2 2021 · P/S: 5.6Q4 2021 · P/S: 4.2Q2 2022 · P/S: 3.9Q4 2022 · P/S: 4.0Q2 2023 · P/S: 3.9Q4 2023 · P/S: 4.3Q2 2024 · P/S: 3.9Q4 2024 · P/S: 3.4Q2 2025 · P/S: 4.6Q4 2025 · P/S: 4.1Q2 2026 · P/S: 5.1Q4 2020Q2 2026
P/EP/S
Revenue$59.3B2025
$14.9B$29.9B$44.8B$59.8B2018: $53B2019: $52.3B2020: $46.9B2021: $54.3B2022: $57.8B2023: $59.4B2024: $59.8B2025: $59.3B20182025
Net income$6.8B2025
$2.3B$4.6B$6.9B$9.2B2018: $4.4B2019: $9.2B2020: $1.4B2021: $4.7B2022: $6B2023: $5.3B2024: $5.9B2025: $6.8B20182025
EBITDA$20.8B2025
$5.6B$11.2B$16.7B$22.3B2018: $21.6B2019: $22.3B2020: $11.6B2021: $17.8B2022: $19B2023: $19.1B2024: $20.3B2025: $20.8B20182025
Free cash flow$11.3B2025
$2.8B$5.6B$8.4B$11.3B2018: $8.7B2019: $7.4B2020: $6.2B2021: $9B2022: $7.8B2023: $8.6B2024: $11.2B2025: $11.3B20182025
EPS$3.462025
$1.13$2.27$3.4$4.532018: $2.172019: $4.532020: $0.72021: $2.282022: $2.912023: $2.62024: $2.862025: $3.4620182025
Cash / Debt$11.6B2025
$27.5B$55B$82.4B$109.9B2018 · Cash: $7.1B2018 · Debt: $109.9B2019 · Cash: $7.2B2019 · Debt: $103B2020 · Cash: $15.2B2020 · Debt: $98.6B2021 · Cash: $12B2021 · Debt: $88.8B2022 · Cash: $9.9B2022 · Debt: $80B2023 · Cash: $10.3B2023 · Debt: $78.2B2024 · Cash: $11.2B2024 · Debt: $72.2B2025 · Cash: $11.6B2025 · Debt: $73B20182025
CashDebt
Profitability+55.9%2025
+15.6%+31.2%+46.8%+62.4%2018 · Gross margin: +62.4%2019 · Gross margin: +61.1%2020 · Gross margin: +58.1%2021 · Gross margin: +57.5%2022 · Gross margin: +54.5%2023 · Gross margin: +53.9%2024 · Gross margin: +55.3%2025 · Gross margin: +55.9%2018 · Operating margin: +30.9%2019 · Operating margin: +30.8%2020 · Operating margin: +20.5%2021 · Operating margin: +25.5%2022 · Operating margin: +25.1%2023 · Operating margin: +23.5%2024 · Operating margin: +25.9%2025 · Operating margin: +26.4%2018 · Net margin: +8.2%2019 · Net margin: +17.5%2020 · Net margin: +3.0%2021 · Net margin: +8.6%2022 · Net margin: +10.3%2023 · Net margin: +9.0%2024 · Net margin: +9.8%2025 · Net margin: +11.5%20182025
Gross marginOperating marginNet margin
Revenue growth-0.7%2025
-3.8%+2.7%+9.3%+15.8%2019: -1.3%2020: -10.4%2021: +15.8%2022: +6.4%2023: +2.8%2024: +0.7%2025: -0.7%20182025
Shares outstanding2B2025
513.5M1B1.5B2.1B2018: 2B2019: 2B2020: 2B2021: 2B2022: 2.1B2023: 2.1B2024: 2B2025: 2B20182025
Valuation18.52025
25.049.974.999.92018 · P/E: 29.82019 · P/E: 17.82020 · P/E: 99.92021 · P/E: 26.02022 · P/E: 20.22023 · P/E: 24.42024 · P/E: 17.12025 · P/E: 18.52018 · P/S: 2.52019 · P/S: 3.12020 · P/S: 3.02021 · P/S: 2.22022 · P/S: 2.12023 · P/S: 2.22024 · P/S: 1.72025 · P/S: 2.120182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-10-29
Revenue est. $14.1B · Updated 2h ago
Dividend
$1.175
2026-05-08

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20264.52$64.9B+9%9
FY 20274.95$67.6B+14%9
FY 20285.46$70.1B+18%4
FY 20296.13$74.6B+26%3
FY 20307.38$77B+30%3
Q2 20261.15$16.3B-46%4

Company events

6
2026-10-29EarningsActual - / Estimate 1.02-
2026-07-30EarningsActual 1.21 / Estimate 1.09Beat
2026-05-08Dividend$1.175-
2026-05-05EarningsActual 0.97 / Estimate 0.9Beat
2025-11-19Dividend$0.173-
2025-10-30EarningsActual 0.99 / Estimate 0.97Beat

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering BUD have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings47117
Analysts1321
Buy / hold / sell44 / 3 / 0107 / 9 / 1
Upgrades / downgrades / initiations0 / 0 / 15 / 2 / 3
Price targets hit / missed15 / 32 (32%)60 / 54 (53%)
Avg. return after a rating (TipRanks)-11.9%-3.5%
Best / worst call+4.3% / -30.5%+40.3% / -30.5%

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
Sep 23, 2026Robert OttensteinEvercore ISIBuyMaintained$105
Sep 15, 2026Unknown AnalystBernsteinBuyMaintained$111
Aug 4, 2026Robert OttensteinEvercore ISIBuyMaintained$105
Aug 3, 2026Olivier NicolaiGoldman SachsBuyReiterated$98.00
Jul 31, 2026Zheng Feng CheeDBSBuyMaintained$96.09

TipRanks data via FMP · computed Sep 23, 2026 · 47 ratings

Frequently asked questions

Where can I trade BUD perpetual futures?

Anheuser-Busch InBev SA/NV (BUD) perpetual futures trade on 2 crypto venues, including Bitget, Gate.io. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade BUD around the clock?

Yes. Unlike the underlying stock, BUD perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on BUD perpetuals?

Right now the BUD perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 2 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the BUD perp price compare to the Anheuser-Busch InBev SA/NV stock?

The venue-median BUD perp mark is $77.3 versus a reference stock price of $77.3, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a BUD perpetual future?

A BUD perpetual is a derivative that tracks the price of Anheuser-Busch InBev SA/NV with no expiry date. It lets you take long or short exposure to Anheuser-Busch InBev SA/NV on crypto venues, around the clock.

What is BUDUSDT perpetual?

BUDUSDT is the symbol most crypto exchanges use for the Anheuser-Busch InBev SA/NV perpetual settled in USDT (Tether). It tracks the BUD share price through an index, trades 24/7 with leverage and never expires.

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