Anheuser-Busch InBev SA annual operating expenses
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Anheuser-Busch InBev SA Operating Expenses Growth & History (BUD)
Anheuser-Busch InBev SA's operating expenses was $17.77B for fiscal 2025.
View full Anheuser-Busch InBev SA company overviewAnheuser-Busch InBev SA annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $17.77B | $237.0M | +1.35% |
| 2024 | 2024-12-31 | $17.54B | −$481.0M | −2.67% |
| 2023 | 2023-12-31 | $18.02B | $1.05B | +6.21% |
| 2022 | 2022-12-31 | $16.96B | −$419.0M | −2.41% |
| 2021 | 2021-12-31 | $17.38B | −$244.0M | −1.38% |
| 2020 | 2020-12-31 | $17.63B | $1.76B | +11.08% |
| 2019 | 2019-12-31 | $15.87B | −$825.0M | −4.94% |
| 2018 | 2018-12-31 | $16.69B | −$730.0M | −4.19% |
| 2017 | 2017-12-31 | $17.42B | $2.59B | +17.47% |
| 2016 | 2016-12-31 | $14.83B | $2.27B | +18.07% |
| 2015 | 2015-12-31 | $12.56B | — | — |
Anheuser-Busch InBev SA quarterly operating expenses
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $4.97B | $542.0M | +12.23% |
| Q1 2026 | 2026-03-31 | $4.57B | — | — |
| Q4 2025 | 2025-12-31 | $4.56B | — | — |
| Q3 2025 | 2025-09-30 | $4.33B | — | — |
| Q2 2025 | 2025-06-30 | $4.43B | — | — |
Anheuser-Busch InBev SA operating expenses trends
Over the last five fiscal years, Anheuser-Busch InBev SA's operating expenses increased from $17.63B to $17.77B, a change of $147.0M. The latest reported quarter, Q2 2026, shows $4.97B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Anheuser-Busch InBev SA source filings ↗