Revenue
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Anheuser-Busch InBev SA/NV (BUD)
Price$80.35Cached quote
Net income
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Free cash flow
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total cash / debt
CashTotal debt
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Financial statements
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $59.32B | $59.77B | $59.38B | $57.79B | $54.30B | $46.88B | $52.33B | $53.04B | $54.86B | $45.52B | $43.06B |
| Gross profit | $33.18B | $33.02B | $31.98B | $31.48B | $31.21B | $27.25B | $31.97B | $33.11B | $33.88B | $27.71B | $26.47B |
| Gross margin | 55.93% | 55.25% | 53.86% | 54.48% | 57.47% | 58.12% | 61.09% | 62.42% | 61.77% | 60.89% | 61.46% |
| Research & development | — | — | — | — | $298.0M | $296.0M | $291.0M | $276.0M | $265.0M | $244.0M | $207.0M |
| Operating expenses | $17.77B | $17.54B | $18.02B | $16.96B | $17.38B | $17.63B | $15.87B | $16.69B | $17.42B | $14.83B | $12.56B |
| Operating income | $15.40B | $15.49B | $13.97B | $14.52B | $13.82B | $9.62B | $16.10B | $16.41B | $16.46B | $12.88B | $13.90B |
| Operating margin | 25.97% | 25.91% | 23.52% | 25.12% | 25.46% | 20.52% | 30.76% | 30.95% | 30.00% | 28.30% | 32.29% |
| EBITDA | $21.06B | $21.03B | $19.38B | $19.59B | $18.88B | $14.45B | $20.75B | $21.04B | $21.09B | $16.36B | $17.06B |
| EBITDA margin | 35.50% | 35.19% | 32.63% | 33.91% | 34.76% | 30.82% | 39.66% | 39.66% | 38.43% | 35.94% | 39.61% |
| Net income | $8.48B | $7.42B | $6.89B | $7.60B | $6.11B | $2.20B | $10.41B | $5.69B | $9.17B | $2.77B | $9.87B |
| Net profit margin | 14.29% | 12.41% | 11.60% | 13.15% | 11.26% | 4.70% | 19.90% | 10.72% | 16.71% | 6.08% | 22.91% |
| Basic EPSper basic share | $3.45 | $2.92 | $2.65 | $2.97 | $2.33 | $0.70 | $4.62 | $2.21 | $4.05 | $0.72 | $5.05 |
| Diluted EPSper diluted share | $3.39 | $2.86 | $2.60 | $2.91 | $2.28 | $0.69 | $4.53 | $2.17 | $3.98 | $0.71 | $4.96 |
Owners
Reported shareholders
Reported holdings Number of shares
View holders
| Holder | Shares held |
|---|---|
Dodge & Cox | 29.48M |
Fisher Asset Management, LLC | 12.45M |
MORGAN STANLEY | 3.96M |
FMR LLC | 3.26M |
WELLINGTON MANAGEMENT GROUP LLP | 3.19M |
Connor, Clark & Lunn Investment Management Ltd. | 2.87M |
Point72 Asset Management, L.P. | 2.33M |
GOLDMAN SACHS GROUP INC | 1.95M |
GATES FOUNDATION TRUST | 1.7M |
Holocene Advisors, LP | 1.65M |
DAVENPORT & Co LLC | 1.57M |
CITADEL ADVISORS LLC | 1.5M |
Capital International Investors | 1.48M |
BANK OF AMERICA CORP /DE/ | 1.48M |
BlackRock, Inc. | 1.12M |
UBS Group AG | 1.06M |
ROYAL BANK OF CANADA | 1.06M |
Seafarer Capital Partners, LLC | 1.03M |
NORTHERN TRUST CORP | 934.04K |
GQG Partners LLC | 918.34K |
Bars compare reported share counts. A matching total for this share class and reporting period is unavailable, so percentages are not shown.
Source: SEC Form 13F ↗Updated Sep 29, 2026 · Quarterly data