Anheuser-Busch Inbev BUD
$83.96 −$1.24 (-1.46%)
Pre-market · Nov 9, 4:50 am ET · After hours $83.96 0.00%
Open$83.26
Prev close$85.20
Day range$82.97 – $84.86
Volume5.56M
Market cap$165.58B
P/E (TTM)18.1
Dividend yield1.60%
Fundamentals
Latest reported quarter: Q3, ended Sep 2026
Revenue$16.51B+9.1% YoY
Operating profit$4.54B+7.9% YoY
Net profit$1.97B+28.8% YoY
Diluted EPS$0.81+52.8% YoY
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Annual revenue
Profitability & balance sheet
Gross margin56.5%
Operating margin26.7%
Net margin15.4%
Liabilities / assets53.7%
Cash & investments$7.91B
Total debt$71.69B
Net cash (debt)-$63.78B
Where the revenue comes from
Quarter 2026/Q1
By business line
Income statement
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $16.51B | $16.66B | $15.27B | $59.32B | $15.56B |
| Total Operating Revenue | $16.51B | $16.66B | $15.27B | $59.32B | $15.56B |
| Cost of Revenue | $7.21B | $7.08B | $6.62B | $26.14B | $6.94B |
| Gross Profit | $9.30B | $9.58B | $8.65B | $33.18B | $8.61B |
| Operating Expense | $4.76B | $4.98B | $4.57B | $17.53B | $4.56B |
| Selling and Admin Expenses | $4.98B | $5.18B | $4.74B | $18.13B | $4.79B |
| Other Operating Expenses | -$215.00M | -$200.00M | -$170.00M | -$604.00M | -$223.00M |
| Operating Profit | $4.54B | $4.60B | $4.07B | $15.65B | $4.05B |
| Net Non-Operating Interest Income (Expense) | -$908.00M | -$1.06B | -$1.05B | -$3.58B | -$1.07B |
| Non-Operating Interest Expense | $745.00M | $779.00M | $829.00M | $3.86B | $848.00M |
| Total Other Finance Costs | $163.00M | $278.00M | $220.00M | $348.00M | $221.00M |
| Other Income (Expense) | -$704.00M | $1.46B | $739.00M | -$739.00M | $118.00M |
| Gain on Sale of Security | -$800.00M | $1.40B | $631.00M | -$909.00M | $395.00M |
| Earnings from Equity Interest | $97.00M | $96.00M | $52.00M | $378.00M | $133.00M |
| Special Income (Charges) | -$1.00M | -$42.00M | $56.00M | -$316.00M | -$410.00M |
| -Less:Restructuring and Mergern & Acquisition | $23.00M | $25.00M | $23.00M | $121.00M | $53.00M |
| -Less:Other Special Charges | -$10.00M | – | – | $16.00M | $35.00M |
| -Gain on Sale Of Business | $12.00M | -$17.00M | $79.00M | -$274.00M | -$322.00M |
| Pretax Profit | $2.93B | $5.00B | $3.76B | $11.33B | $3.10B |
| Tax | $952.00M | $918.00M | $786.00M | $2.85B | $720.00M |
| Net Profit | $1.97B | $4.09B | $2.98B | $8.48B | $2.38B |
| Profit from Continuing Operations | $1.97B | $4.09B | $2.98B | $8.48B | $2.38B |
| Minority Interests | $376.00M | $333.00M | $414.00M | $1.64B | $418.00M |
| Net Income to Parent Company | $1.60B | $3.75B | $2.56B | $6.84B | $1.96B |
| Net Income to Common Stockholders | $1.60B | $3.75B | $2.56B | $6.84B | $1.96B |
| Basic EPS | $0.81 | $1.90 | $1.30 | $3.45 | $0.99 |
| Diluted EPS | $0.81 | $1.90 | $1.30 | $3.39 | $0.99 |
| Dividend Per Share | $0.00 | $1.17 | $0.00 | $1.30 | $0.17 |
| -Selling & Marketing Expense | – | – | – | $13.47B | – |
| -General & Admin Expense | – | – | – | $4.67B | – |
| Non-Operating Interest Income | – | – | – | $628.00M | – |
| -Gain on Sale of Property/Plant/Equipment | – | – | – | $95.00M | – |
| Other Non-Operating Income (Expenses) | – | – | – | $108.00M | – |
Balance sheet
| Line item | 2026 Q2 | 2025 ANNUAL | 2025 Q4 | 2025 Q2 | 2024 ANNUAL |
|---|---|---|---|---|---|
| Total Assets | $218.39B | $218.81B | $218.81B | $211.11B | $206.64B |
| Total Current Assets | $22.24B | $24.77B | $24.77B | $21.22B | $23.00B |
| Cash and Cash Equivalents & Short-Term Investments | $7.91B | $11.84B | $11.84B | $7.27B | $11.30B |
| -Cash and Cash Equivalents | $7.55B | $11.53B | $11.53B | $7.06B | $11.08B |
| -Short Term Investments | $353.00M | $306.00M | $306.00M | $205.00M | $221.00M |
| Receivables | $7.26B | $6.38B | $6.38B | $7.08B | $5.50B |
| -Accounts Receivable | $5.14B | $4.26B | $4.26B | $4.87B | $3.79B |
| -Loans Receivable | $63.00M | $52.00M | $52.00M | $45.00M | $60.00M |
| -Accrued Interest Receivable | $93.00M | $67.00M | $67.00M | $41.00M | $43.00M |
| -Taxes Receivable | $1.27B | $1.45B | $1.45B | $1.55B | $1.14B |
| -Other Receivables | $695.00M | $553.00M | $553.00M | $579.00M | $467.00M |
| Prepaid Assets | $770.00M | $701.00M | $701.00M | $787.00M | $572.00M |
| Inventory | $5.53B | $4.97B | $4.97B | $5.48B | $4.94B |
| Restricted Cash | $105.00M | $106.00M | $106.00M | $105.00M | $99.00M |
| Other Current Assets | $1.00M | -$2.00M | -$2.00M | $1.00M | $1.00M |
| Total Non-Current Assets | $196.14B | $194.04B | $194.04B | $189.89B | $183.64B |
| Net PPE | $23.00B | $23.67B | $23.67B | $23.86B | $23.50B |
| -Gross PPE | $60.19B | $59.28B | $59.28B | $56.91B | $53.76B |
| -Accumulated Depreciation | -$37.19B | -$35.62B | -$35.62B | -$33.06B | -$30.25B |
| Investments and Advances | $5.23B | $5.16B | $5.16B | $5.03B | $4.78B |
| -Available for Sale Securities | $146.00M | $134.00M | $134.00M | $125.00M | $139.00M |
| -Held to Maturity Securities | $20.00M | $27.00M | $27.00M | $27.00M | $29.00M |
| -Long Term Equity Investment | $5.06B | $5.00B | $5.00B | $4.88B | $4.61B |
| Financial Assets | $313.00M | $145.00M | $145.00M | $44.00M | $261.00M |
| Non Current Accounts Receivables | $2.31B | $2.17B | $2.17B | $2.10B | $1.91B |
| Non-Current Note Receivables | $5.00M | $6.00M | $6.00M | $7.00M | $8.00M |
| Goodwill and Other Intangible Assets | $162.22B | $159.89B | $159.89B | $155.88B | $150.51B |
| -Goodwill | $119.95B | $117.91B | $117.91B | $114.78B | $110.48B |
| -Other Intangible Assets | $42.27B | $41.99B | $41.99B | $41.10B | $40.04B |
| Defined Pension Benefit | $154.00M | $150.00M | $150.00M | $101.00M | $42.00M |
| Non-Current Deferred Assets | $2.77B | $2.71B | $2.71B | $2.73B | $2.49B |
| Other Non-Current Assets | $154.00M | $143.00M | $143.00M | $148.00M | $129.00M |
| Total Liabilities | $117.20B | $121.07B | $121.07B | $119.69B | $117.94B |
| Total Current Liabilities | $33.48B | $34.48B | $34.48B | $33.01B | $33.07B |
| Payables | $25.84B | $25.69B | $25.69B | $23.57B | $24.20B |
| -Accounts Payable | $24.61B | $17.06B | $17.06B | $22.19B | $16.01B |
| -Total Tax Payable | $1.24B | $4.85B | $4.85B | $1.39B | $4.37B |
| Short-Term Debt and Capital Lease Obligation | $3.41B | $898.00M | $898.00M | $3.60B | $1.45B |
| -Current Debt | $2.78B | $277.00M | $277.00M | $3.01B | $893.00M |
| -Current Capital Lease Obligation | $630.00M | $621.00M | $621.00M | $589.00M | $556.00M |
| Current Provisions | $205.00M | $192.00M | $192.00M | $202.00M | $191.00M |
| Other Current Liabilities | $4.02B | $6.10B | $6.10B | $5.63B | $5.82B |
| Total Non-Current Liabilities | $83.72B | $86.60B | $86.60B | $86.68B | $84.87B |
| Long Term Accounts Payable and Other Payables | $1.21B | $1.05B | $1.05B | $1.31B | $860.00M |
| Long Term Debt and Capital Lease Obligation | $68.91B | $72.13B | $72.13B | $71.98B | $70.72B |
| -Long Term Debt | $67.30B | $70.35B | $70.35B | $70.24B | $68.97B |
| -Long Term Capital Lease Obligation | $1.61B | $1.78B | $1.78B | $1.75B | $1.75B |
| Derivative Product Liabilities | $391.00M | $293.00M | $293.00M | $372.00M | $68.00M |
| Non-Current Liabilities | $384.00M | $425.00M | $425.00M | $352.00M | $385.00M |
| Non-Current Deferred Liabilities | $11.57B | $11.42B | $11.42B | $11.39B | $11.54B |
| Employee Benefits | $1.26B | $1.28B | $1.28B | $1.29B | $1.30B |
| Other Non-Current Liabilities | $1.00M | $1.00M | $1.00M | -$1.00M | -$1.00M |
| Total Equity | $101.19B | $97.74B | $97.74B | $91.41B | $88.70B |
| Stockholders' Equity | $93.50B | $87.29B | $87.29B | $80.67B | $78.24B |
| Capital Stock | $1.74B | $1.74B | $1.74B | $1.74B | $1.74B |
| -Common Stock | $1.74B | $1.74B | $1.74B | $1.74B | $1.74B |
| Additional Paid-In Capital | $17.62B | $17.62B | $17.62B | $17.62B | $17.62B |
| Retained Earnings | $51.69B | $50.13B | $50.13B | $47.64B | $46.58B |
| Less: Treasury Stock | $3.52B | $5.08B | $5.08B | $4.16B | $3.89B |
| Gains/Losses Not Affecting Retained Earnings | $25.98B | $22.89B | $22.89B | $17.83B | $16.19B |
| Other Equity Interests | -$1.00M | $1.00M | $1.00M | – | – |
| Minority Interests | $7.69B | $10.45B | $10.45B | $10.74B | $10.46B |
| -Dividends Payable | – | $610.00M | $610.00M | – | $767.00M |
| -Other Payable | – | $3.18B | $3.18B | – | $3.06B |
| Current Accrued Expenses | – | $1.37B | $1.37B | – | $1.34B |
| Current Deferred Liabilities | – | $223.00M | $223.00M | – | $69.00M |
Cash flow
| Line item | 2025 ANNUAL | 2024 ANNUAL | 2023 ANNUAL | 2022 ANNUAL | 2021 ANNUAL |
|---|---|---|---|---|---|
| Operating Cash Flow | $14.88B | $15.06B | $13.27B | $13.30B | $14.80B |
| Net cash flow from continuing operations | $14.88B | $15.06B | $13.27B | $13.30B | $14.80B |
| Net Income from Continuing Operations | $8.48B | $7.42B | $6.89B | $7.60B | $6.11B |
| Gain/Loss from Continuing Operations | $309.00M | $26.00M | $2.09B | $844.00M | -$248.00M |
| Depreciation & Depletion & Amortization | $5.65B | $5.54B | $5.41B | $5.08B | $5.05B |
| Deferred Tax | $2.85B | $3.15B | $2.23B | $1.93B | $2.35B |
| Other Non-Cash Items | $3.30B | $4.25B | $3.46B | $3.70B | $4.65B |
| Change in Working Capital | -$398.00M | -$23.00M | -$1.54B | -$346.00M | $2.46B |
| -Change in Receivables | -$187.00M | $341.00M | -$1.15B | -$48.00M | $164.00M |
| -Change in Inventory | $87.00M | -$149.00M | $717.00M | -$1.55B | -$1.23B |
| -Change in Payables and Accrued Expense | -$298.00M | -$215.00M | -$1.11B | $1.25B | $3.53B |
| Net cash flow from investing | -$3.44B | -$3.26B | -$4.39B | -$4.34B | -$5.88B |
| Net Cash Flow from Continuing Investing Activities | -$3.44B | -$3.26B | -$4.39B | -$4.34B | -$5.88B |
| Net PPE Purchase and Sale | -$3.55B | -$3.74B | -$4.48B | -$4.84B | -$5.50B |
| Net Business Purchase and Sale | $18.00M | -$46.00M | $9.00M | -$70.00M | -$444.00M |
| Net Other Investing Changes | $98.00M | $522.00M | $83.00M | $571.00M | $64.00M |
| Financing Cash Flow | -$11.45B | -$9.85B | -$8.56B | -$10.90B | -$11.60B |
| Net Cash Flow from Continuing Financing Activities | -$11.45B | -$9.86B | -$8.56B | -$10.90B | -$11.60B |
| Net Issuance Payments Of Debt | -$3.19B | -$4.62B | -$3.68B | -$7.78B | -$9.04B |
| Net Common Stock Issuance | -$2.30B | -$937.00M | -$362.00M | $0.00 | $0.00 |
| Cash Dividends Paid | -$4.54B | -$2.67B | -$3.01B | -$2.44B | -$2.36B |
| Net Other Financing Charges | -$1.41B | -$1.63B | -$1.51B | -$678.00M | -$192.00M |
| Ending Cash Balance | $11.62B | $11.17B | $10.31B | $9.89B | $12.04B |
| Net Change in Cash | -$3.00M | $1.94B | $315.00M | -$1.94B | -$2.68B |
| Beginning Cash Balance | $11.17B | $10.31B | $9.89B | $12.04B | $15.25B |
| Effect of Exchange Rate Changes | $452.00M | -$1.08B | $109.00M | -$211.00M | -$526.00M |
| Free Cash Flow | $11.23B | $11.19B | $8.63B | $8.14B | $9.16B |
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