Anheuser-Busch InBev SA/NV (BUD) income statement
NYSE · Consumer Defensive · Beverages - Alcoholic · 136,805 employees · CEO Michel Dimitrios Doukeris
- Price
- $80.38 +1.08%
- Market cap
- $160B
- Enterprise value
- $205B
- Last report
- Q4 '26 filed 2026-10-29
Anheuser-Busch InBev SA/NV (BUD) reported revenue of $16.5B for Q4 '26 (-44.8% year on year), operating income of $4.54B (27.5% of revenue) and net income of $1.6B. Over the last four quarters revenue was –.
Income statement
| Income statement | Trend | Q2 '21 | Q4 '21 | Q2 '22 | Q4 '22 | Q2 '23 | Q4 '23 | Q2 '24 | Q4 '24 | Q2 '25 | Q4 '25 | Q2 '26 | Q4 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.8B | $28.5B | $28B | $29.8B | $29.3B | $30B | $29.9B | $29.9B | $30B | $30.6B | $31.9B | $16.5B | |
| Cost of revenue | $11B | $12.1B | $12.8B | $13.5B | $13.5B | $13.9B | $13.4B | $13.3B | $13.1B | $13.5B | $13.7B | $7.21B | |
| Gross profit | $14.9B | $16.3B | $15.2B | $16.2B | $15.8B | $16.2B | $16.5B | $16.6B | $16.9B | $17.1B | $18.2B | $9.3B | |
| Sales & marketing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $13.1B | $0 | $4.1B | $0 | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.52B | $0 | $2.4B | $0 | |
| Other operating expenses | -$252M | $277M | -$382M | -$364M | -$326M | -$450M | -$334M | -$469M | -$15.7B | $0 | $3.04B | -$215M | |
| Operating expenses | $8.32B | $9.28B | $8.23B | $8.58B | $8.73B | $8.67B | $8.91B | $8.62B | $1.88B | $9.3B | $9.53B | $4.76B | |
| Operating income | $6.55B | $7.06B | $7.01B | $7.66B | $7.07B | $7.52B | $7.55B | $7.94B | $15B | $7.81B | $8.69B | $4.54B | |
| Interest income | $57.9M | $54.9M | $83.7M | $210M | $225M | $340M | $259M | $331M | $484M | $270M | $2.39B | $0 | |
| Interest expense | $2.2B | $2.19B | $2.22B | $2.38B | $2.24B | $2.51B | $1.54B | $2.92B | $3.84B | $2.25B | $2.46B | $745M | |
| Other non-operating income (gains on investments, FX ...) | $64M | $689M | $1.23B | -$239M | $1.17B | $269M | $878M | -$144M | $7.1B | $212M | -$2.54B | $867M | |
| Total non-operating income | -$2.25B | -$2.9B | -$3.29B | -$1.85B | -$3.22B | -$2.24B | -$2.77B | -$2.15B | -$9.48B | -$2.47B | $74M | -$1.61B | |
| Income before tax | $4.31B | $4.16B | $3.72B | $5.81B | $3.85B | $5.28B | $4.78B | $5.79B | $5.53B | $5.34B | $8.77B | $2.93B | |
| Income tax | $1.23B | $1.12B | $721M | $683M | $1.19B | $1.04B | $1.55B | $1.61B | $1.48B | $1.44B | $1.7B | $952M | |
| Net income | $2.46B | $2.21B | $1.69B | $4.28B | $1.98B | $3.36B | $2.56B | $3.29B | $3.35B | $3.01B | $6.31B | $1.6B | |
| EPS (basic) | $1.23 | $1.29 | $1.23 | $2.12 | $0.98 | $1.67 | $1.27 | $1.64 | $1.68 | $1.52 | $3.19 | $0.81 | |
| EPS (diluted) | $1.23 | $1.29 | $1.23 | $2.12 | $0.98 | $1.67 | $1.27 | $1.64 | $1.68 | $1.52 | $3.19 | $0.81 | |
| Shares (basic, weighted) | 2.01B | 1.98B | 2.01B | 1.98B | 2.02B | 1.98B | 2.01B | 2B | 1.99B | 1.98B | 1.98B | 1.97B | |
| Shares (diluted, weighted) | 2.01B | 2.01B | 2.01B | 2.01B | 2.02B | 2.02B | 2.04B | 2B | 1.99B | 1.98B | 1.98B | 1.97B | |
| Depreciation & amortization | $2.28B | $2.31B | $2.28B | $2.79B | $2.49B | $2.91B | $2.58B | $2.94B | $2.6B | $3.06B | $2.76B | $0 | |
| EBITDA | $8.77B | $8.68B | $8.06B | $10.7B | $8.4B | $10.2B | $9.25B | $11B | $10.5B | $10.7B | $14B | $3.67B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $45.5B | $54.9B | $53B | $52.3B | $46.9B | $54.3B | $57.8B | $59.4B | $59.8B | $59.3B | |
| Cost of revenue | $17.8B | $21B | $19.9B | $20.4B | $19.6B | $23.1B | $26.3B | $27.4B | $26.7B | $26.1B | |
| Gross profit | $27.7B | $33.9B | $33.1B | $32B | $27.2B | $31.2B | $31.5B | $32B | $33B | $33.2B | |
| Sales & marketing | $12.3B | $14B | $13.4B | $12.9B | $12B | $13.2B | $13.1B | $13.4B | $13.4B | $13.5B | |
| General & administrative | $2.88B | $3.78B | $3.42B | $3.55B | $3.4B | $4.39B | $4.41B | $4.74B | $4.98B | $4.67B | |
| Other operating expenses | -$339M | -$336M | -$113M | -$552M | $2.26B | -$192M | -$591M | -$155M | -$803M | -$604M | |
| Operating expenses | $14.8B | $17.4B | $16.7B | $15.9B | $17.6B | $17.4B | $17B | $18B | $17.5B | $17.5B | |
| Operating income | $12.9B | $16.5B | $16.4B | $16.1B | $9.62B | $13.8B | $14.5B | $14B | $15.5B | $15.7B | |
| Interest income | $560M | $290M | $333M | $410M | $151M | $113M | $294M | $566M | $590M | $628M | |
| Interest expense | $4.85B | $5.1B | $4.87B | $5.02B | $4.73B | $4.4B | $4.61B | $4.76B | $4.47B | $3.86B | |
| Other non-operating income (gains on investments, FX ...) | $3.71B | $1.07B | -$588M | -$1.57B | $2.89B | $1.09B | $614M | $310M | $735M | $458M | |
| Total non-operating income | -$8.55B | -$6.2B | -$8.67B | -$3.32B | -$7.54B | -$5.36B | -$4.99B | -$4.84B | -$4.92B | -$4.32B | |
| Income before tax | $4.33B | $10.3B | $7.74B | $12.8B | $2.08B | $8.46B | $9.52B | $9.12B | $10.6B | $11.3B | |
| Income tax | $1.61B | $1.66B | $2.59B | $2.79B | $1.93B | $2.35B | $1.93B | $2.23B | $3.15B | $2.85B | |
| Net income | $1.24B | $7.99B | $4.37B | $9.17B | $1.41B | $4.67B | $5.97B | $5.34B | $5.86B | $6.84B | |
| EPS (basic) | $0.72 | $4.06 | $2.21 | $4.62 | $0.70 | $2.33 | $2.97 | $2.65 | $2.92 | $3.46 | |
| EPS (diluted) | $0.71 | $3.98 | $2.17 | $4.53 | $0.70 | $2.28 | $2.91 | $2.60 | $2.86 | $3.46 | |
| Shares (basic, weighted) | 1.72B | 1.97B | 1.98B | 1.98B | 2B | 2.01B | 2.01B | 2.02B | 2B | 1.98B | |
| Shares (diluted, weighted) | 1.76B | 2.01B | 2.01B | 2.03B | 2B | 2.05B | 2.05B | 2.05B | 2.04B | 1.98B | |
| Depreciation & amortization | $3.47B | $4.42B | $4.62B | $4.66B | $4.63B | $5.05B | $5.08B | $5.41B | $5.54B | $5.65B | |
| EBITDA | $12.6B | $19.8B | $21.6B | $22.3B | $11.4B | $17.8B | $19B | $19.1B | $20.3B | $20.8B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates: Financial Modeling Prep.
Data as of 2026-11-01