Anheuser-Busch InBev SA/NV (BUD) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	122.4B	59.3B	59.8B	59.4B	57.8B
Cost of Revenue	53.6B	26.1B	26.7B	27.4B	26.3B
Gross Profit	68.8B	33.2B	33.0B	32.0B	31.5B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	42.5B	18.1B	18.3B	18.2B	17.6B
General & Admin Expense	6.9B	4.7B	5.0B	4.7B	4.4B
Selling & Marketing Expense	17.2B	13.5B	13.4B	13.4B	13.1B
Other Expenses	(13.2B)	(604.0M)	(803.0M)	(155.0M)	(591.0M)
Total Operating Expenses	29.3B	17.5B	17.5B	18.0B	17.0B
Cost and Expenses	83.0B	43.7B	44.3B	45.4B	43.3B
Operating Income (EBIT)	39.5B	15.7B	15.5B	14.0B	14.5B
Non-Operating
Interest Income	3.5B	628.0M	590.0M	565.9M	294.2M
Interest Expense	11.5B	3.9B	4.5B	4.8B	4.6B
Net Interest Income	(8.0B)	(3.2B)	(3.9B)	(4.2B)	(4.3B)
Other Non-Op Income/Expense	(14.0B)	(4.3B)	(4.9B)	(4.8B)	(5.0B)
Non-Operating Income (excl Interest)	4.6B	458.0M	735.0M	310.0M	614.0M
EBT (Pre-Tax Income)	25.4B	11.3B	10.6B	9.1B	9.5B
Income Tax Expense	6.2B	2.9B	3.2B	2.2B	1.9B
Bottom Line
Net Income	16.0B	6.8B	5.9B	5.3B	6.0B
Earnings from Cont. Ops	19.2B	8.5B	7.4B	6.9B	7.6B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	16.0B	6.8B	5.9B	5.3B	6.0B
Per Share
Basic EPS	$8.03	$3.46	$2.92	$2.65	$2.97
Diluted EPS	$8.03	$3.46	$2.86	$2.60	$2.91
Revenue Per Share	$61.90	$29.90	$29.84	$29.45	$28.71
Shares
Basic Shares Outstanding	2.0B	2.0B	2.0B	2.0B	2.0B
Diluted Shares Outstanding	2.0B	2.0B	2.0B	2.1B	2.0B
Profitability Metrics
EBITDA	45.4B	20.8B	20.3B	19.1B	19.0B
D&A	10.6B	5.7B	5.5B	5.4B	5.1B
EBIT	34.8B	15.2B	14.8B	13.7B	13.9B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026