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) Operating margin
Anheuser-Busch InBev SA/NV's operating margin over the twelve months to 30 September 2026 was 26.3%, up 0.3 percentage points from fiscal 2025 (26.0%). Over the past ten years it has ranged from 21.1% (fiscal 2020) to 31.1% (fiscal 2018); the current reading is higher than 55% of that period. That is above the Beverages Brewers industry median of 8.53% and above the Consumer Defensive sector median of 1.70%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 26.0% | 0.06 |
| FY2024 | 25.9% | 2.39 |
| FY2023 | 23.5% | (1.60) |
| FY2022 | 25.1% | (0.33) |
| FY2021 | 25.5% | 4.37 |
| FY2020 | 21.1% | (9.82) |
| FY2019 | 30.9% | (0.23) |
| FY2018 | 31.1% | 0.40 |
| FY2017 | 30.7% | 2.27 |
| FY2016 | 28.5% | (2.53) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 27.5% | (0.15) |
| Jun 2026 | 27.6% | 0.94 |
| Mar 2026 | 26.7% | 3.55 |
| Dec 2025 | 23.1% | (4.65) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| STZ Constellation Brands Inc compare | 30.2% |
| ABEV Ambev S.A. compare | 26.6% |
| BUD Anheuser-Busch InBev SA/NV | 26.3% |
| FMX Fomento Economico Mexicano S.A.B. de C.V. compare | 8.53% |
| CCU Compania Cervecerias Unidas, S.A. compare | 7.32% |
| TAP Molson Coors Beverage Company compare | 0.00% |
| SAM The Boston Beer Company, Inc. compare | −5.05% |
| Beverages Brewers industry median | 8.53% |
| Consumer Defensive sector median | 1.70% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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