Financials in USD. Standardized financial statements.
A compact view of how Anheuser-Busch InBev SA/NV turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $59.32B | $59.77B | $59.38B | $57.79B | $54.30B | $46.88B | $52.33B | $53.04B | $54.86B | $45.52B |
| Revenue Growth? | -0.7% | +0.7% | +2.8% | +6.4% | +15.8% | -10.4% | -1.3% | -3.3% | +20.5% | 0.0% |
| Cost of Revenue? | $26.14B | $26.74B | $27.40B | $26.30B | $23.10B | $19.63B | $20.36B | $19.93B | $20.98B | $17.80B |
| Gross Profit? | $33.18B | $33.02B | $31.98B | $31.48B | $31.21B | $27.25B | $31.97B | $33.11B | $33.88B | $27.71B |
| Gross Margin? | +55.9% | +55.3% | +53.9% | +54.5% | +57.5% | +58.1% | +61.1% | +62.4% | +61.8% | +60.9% |
| Operating Expenses? | $17.53B | $17.54B | $18.02B | $16.96B | $17.38B | $17.63B | $15.87B | $16.69B | $17.42B | $14.83B |
| Operating Income? | $15.65B | $15.49B | $13.97B | $14.52B | $13.82B | $9.62B | $16.10B | $16.41B | $16.46B | $12.88B |
| EBITDA? | $20.84B | $20.30B | $19.07B | $18.98B | $17.79B | $11.56B | $22.33B | $21.63B | $20.02B | $12.65B |
| Income Before Tax | $11.33B | $10.57B | $9.12B | $9.52B | $8.46B | $2.08B | $12.78B | $7.74B | $10.26B | $4.33B |
| Income Tax Expense | $2.85B | $3.15B | $2.23B | $1.93B | $2.35B | $1.93B | $2.79B | $2.58B | $1.66B | $1.61B |
| Net Income? | $6.84B | $5.86B | $5.34B | $5.97B | $4.67B | $1.41B | $9.17B | $4.37B | $7.99B | $1.24B |
| EPS? | $3.46 | $2.92 | $2.65 | $2.97 | $2.33 | $0.70 | $4.62 | $2.21 | $4.06 | $0.72 |
| Diluted EPS? | $3.46 | $2.86 | $2.60 | $2.91 | $2.28 | $0.70 | $4.53 | $2.17 | $3.98 | $0.71 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality