stockrowAnheuser-Busch InBev SA/NV
BUD Consumer Defensive Beverages Brewers
Anheuser-Busch InBev SA/NV’s revenue for fiscal 2025 (year ended December 2025) was $59.3 billion, down 0.75% from fiscal 2024.
- Revenue
- +9.11%
- EPS
- +88.7%
- Free cash flow
- +338.5%
Quarter to September 2026, against a year earlier
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Anheuser-Busch InBev SA/NV (BUD) Gross margin
Anheuser-Busch InBev SA/NV's gross margin over the twelve months to 30 September 2026 was 56.5%, up 0.5 percentage points from fiscal 2025 (55.9%). Over the past ten years it has ranged from 53.9% (fiscal 2023) to 62.4% (fiscal 2018); the current reading is higher than 36% of that period. That is above the Beverages Brewers industry median of 49.1% and above the Consumer Defensive sector median of 34.6%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 55.9% | 0.68 |
| FY2024 | 55.3% | 1.39 |
| FY2023 | 53.9% | (0.62) |
| FY2022 | 54.5% | (2.99) |
| FY2021 | 57.5% | (0.65) |
| FY2020 | 58.1% | (2.97) |
| FY2019 | 61.1% | (1.33) |
| FY2018 | 62.4% | 0.31 |
| FY2017 | 62.1% | 1.22 |
| FY2016 | 60.9% | 0.19 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 56.3% | (1.16) |
| Jun 2026 | 57.5% | 0.85 |
| Mar 2026 | 56.6% | 1.28 |
| Dec 2025 | 55.4% | (1.05) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| BUD Anheuser-Busch InBev SA/NV | 56.5% |
| STZ Constellation Brands Inc compare | 52.7% |
| ABEV Ambev S.A. compare | 51.5% |
| SAM The Boston Beer Company, Inc. compare | 49.1% |
| CCU Compania Cervecerias Unidas, S.A. compare | 44.7% |
| FMX Fomento Economico Mexicano S.A.B. de C.V. compare | 40.5% |
| TAP Molson Coors Beverage Company compare | 35.9% |
| Beverages Brewers industry median | 49.1% |
| Consumer Defensive sector median | 34.6% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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