{ "ticker": "BUD", "cik": "0001668717", "company": "Anheuser-Busch InBev SA/NV", "business_type": "industrial", "schema_template": "standard (consumer staples / brewer, IFRS): revenue, cost of sales, gross profit, SG&A, profit from operations, net finance result, profit and profit attributable to equity holders, EPS; the company's own non-IFRS measures (Normalized EBIT, Normalized EBITDA, Underlying Profit, Underlying EPS) kept in a separate block; balance sheet with gross and net debt; cash flow with capex and free cash flow; volumes in hectoliters as the operating metric", "reporting_currency": "USD", "converted_to_usd": false, "units": "actual US dollars (not millions); per-share figures in US dollars per ordinary share, which equals per American Depositary Share (one ADS represents one ordinary share); share counts are actual shares; volumes are hectoliters", "units_notes_seen": { "FY2025 Form 20-F consolidated income statement": "For the year ended 31 December Million US dollar, except earnings per share in US dollar", "FY2025 Form 20-F consolidated statement of financial position": "Million US dollar", "FY2025 Form 20-F consolidated statement of cash flows": "For the year ended 31 December Million US dollar", "FY2025 Form 20-F earnings per share note (weighted average shares)": "Million shares; For the year ended 31 December Million US dollar", "FY2025 Form 20-F net debt note": "Million US dollar", "FY2025 Form 20-F Item 5 results table and Normalized EBITDA table": "(USD million, except volumes); Volumes (thousand hectoliters); (USD million)", "3Q26 results press release, Figure 1 consolidated performance": "in USD Mio, except EPS in USD per share and Volumes in thousand hls", "3Q26 results press release, Figure 3 consolidated income statement": "in USD Mio", "3Q26 results press release, Figures 4 and 11 (non-underlying items; basic and Underlying EPS)": "in USD Mio; in USD per share, except number of shares in million", "9M26 Unaudited Interim Report, condensed results of operations": "(USD Million, except volumes); Volumes (thousand hectoliters)", "9M26 Unaudited Interim Report, net finance, profit, Underlying profit and Normalized EBITDA tables": "(USD million); (USD per share)" }, "adjustments": { "splits_applied": [], "adr_ratio": 1.0, "adr_note": "Each American Depositary Share represents one ordinary share (Form 20-F cover page, accession 0001193125-26-088105), so every per-share figure here is also the per-ADS figure.", "fx": "None. AB InBev reports in US dollars; no currency conversion was applied." }, "annual": [ { "fiscal_year": 2025, "label": "FY2025", "period_start": "2025-01-01", "period_end": "2025-12-31", "period_type": "fiscal year", "source_accession": "0001193125-26-088105", "accounting_basis": "IFRS consolidated financial statements (audited, Form 20-F)", "income_statement": { "revenue": 59320000000, "cost_of_sales": 26141000000, "gross_profit": 33179000000, "distribution_expenses": 6092000000, "sales_and_marketing_expenses": 7374000000, "administrative_expenses": 4667000000, "other_operating_income_expense": 808000000, "exceptional_items_above_profit_from_operations": -449000000, "operating_income": 15405000000, "finance_expense": 5146000000, "finance_income": 682000000, "net_finance_income_expense": -4465000000, "share_of_results_of_associates": 378000000, "exceptional_share_of_results_of_associates": 9000000, "profit_before_tax": 11328000000, "income_tax_expense": 2850000000, "net_income": 8477000000, "net_income_attributable_to_shareholders": 6837000000, "net_income_attributable_to_noncontrolling_interests": 1640000000, "basic_eps": 3.45, "diluted_eps": 3.39, "basic_weighted_average_shares": 1984000000, "diluted_shares": 2018000000, "sga_expenses": 18133000000 }, "conversion": { "ads_ratio": 1.0 }, "non_ifrs_measures": { "underlying_profit": 7410000000, "underlying_eps": 3.73, "normalized_ebit": 15854000000, "normalized_ebitda": 21223000000 }, "operating_metrics": { "volumes_hectoliters": 561100000 }, "balance_sheet": { "property_plant_and_equipment": 23664000000, "goodwill": 117908000000, "intangible_assets": 41985000000, "investments_in_associates": 5002000000, "total_non_current_assets": 194039000000, "inventories": 5107000000, "trade_and_other_receivables_current": 6161000000, "cash_and_cash_equivalents": 11638000000, "total_current_assets": 24769000000, "total_assets": 218808000000, "equity_attributable_to_shareholders": 87287000000, "noncontrolling_interests": 10449000000, "total_equity": 97736000000, "interest_bearing_loans_and_borrowings_non_current": 72128000000, "total_non_current_liabilities": 86596000000, "bank_overdrafts": 14000000, "interest_bearing_loans_and_borrowings_current": 885000000, "trade_and_other_payables_current": 25455000000, "total_current_liabilities": 34475000000, "total_debt": 73013000000, "net_debt": 60941000000, "total_liabilities": 121071000000 }, "cash_flow": { "depreciation_amortization_and_impairment": 5652000000, "interest_paid": 3348000000, "income_tax_paid": 3240000000, "operating_cash_flow": 14883000000, "capex": 3656000000, "proceeds_from_sale_of_property_plant_equipment_and_intangibles": 104000000, "investing_cash_flow": -3436000000, "proceeds_from_borrowings": 4400000000, "repayments_of_borrowings": 6861000000, "dividends_paid": 4543000000, "share_buybacks": 2301000000, "lease_payments": 733000000, "financing_cash_flow": -11450000000, "net_change_in_cash": -3000000, "free_cash_flow": 11227000000 } }, { "fiscal_year": 2024, "label": "FY2024", "period_start": "2024-01-01", "period_end": "2024-12-31", "period_type": "fiscal year", "source_accession": "0001193125-26-088105", "accounting_basis": "IFRS consolidated financial statements (audited, Form 20-F)", "income_statement": { "revenue": 59768000000, "cost_of_sales": 26744000000, "gross_profit": 33024000000, "distribution_expenses": 6201000000, "sales_and_marketing_expenses": 7156000000, "administrative_expenses": 4983000000, "other_operating_income_expense": 779000000, "exceptional_items_above_profit_from_operations": 25000000, "operating_income": 15487000000, "finance_expense": 6376000000, "finance_income": 1024000000, "net_finance_income_expense": -5353000000, "share_of_results_of_associates": 329000000, "exceptional_share_of_results_of_associates": 104000000, "profit_before_tax": 10568000000, "income_tax_expense": 3152000000, "net_income": 7416000000, "net_income_attributable_to_shareholders": 5855000000, "net_income_attributable_to_noncontrolling_interests": 1561000000, "basic_eps": 2.92, "diluted_eps": 2.86, "basic_weighted_average_shares": 2003000000, "diluted_shares": 2044000000, "sga_expenses": 18340000000 }, "conversion": { "ads_ratio": 1.0 }, "non_ifrs_measures": { "underlying_profit": 7061000000, "underlying_eps": 3.53, "normalized_ebit": 15462000000, "normalized_ebitda": 20958000000 }, "operating_metrics": { "volumes_hectoliters": 575706000 }, "balance_sheet": { "property_plant_and_equipment": 23503000000, "goodwill": 110479000000, "intangible_assets": 40034000000, "investments_in_associates": 4612000000, "total_non_current_assets": 183637000000, "inventories": 5020000000, "trade_and_other_receivables_current": 5270000000, "cash_and_cash_equivalents": 11174000000, "total_current_assets": 22999000000, "total_assets": 206637000000, "equity_attributable_to_shareholders": 78237000000, "noncontrolling_interests": 10463000000, "total_equity": 88700000000, "interest_bearing_loans_and_borrowings_non_current": 70720000000, "total_non_current_liabilities": 84871000000, "bank_overdrafts": 0, "interest_bearing_loans_and_borrowings_current": 1449000000, "trade_and_other_payables_current": 23804000000, "total_current_liabilities": 33066000000, "total_debt": 72169000000, "net_debt": 60645000000, "total_liabilities": 117937000000 }, "cash_flow": { "depreciation_amortization_and_impairment": 5544000000, "interest_paid": 3649000000, "income_tax_paid": 3134000000, "operating_cash_flow": 15055000000, "capex": 3863000000, "proceeds_from_sale_of_property_plant_equipment_and_intangibles": 128000000, "investing_cash_flow": -3259000000, "proceeds_from_borrowings": 5465000000, "repayments_of_borrowings": 9295000000, "dividends_paid": 2672000000, "share_buybacks": 937000000, "lease_payments": 787000000, "financing_cash_flow": -9854000000, "net_change_in_cash": 1942000000, "free_cash_flow": 11192000000 } }, { "fiscal_year": 2023, "label": "FY2023", "period_start": "2023-01-01", "period_end": "2023-12-31", "period_type": "fiscal year", "source_accession": "0001193125-26-088105", "accounting_basis": "IFRS consolidated financial statements (audited, Form 20-F)", "income_statement": { "revenue": 59380000000, "cost_of_sales": 27396000000, "gross_profit": 31984000000, "distribution_expenses": 6277000000, "sales_and_marketing_expenses": 7158000000, "administrative_expenses": 4738000000, "other_operating_income_expense": 778000000, "exceptional_items_above_profit_from_operations": -624000000, "operating_income": 13966000000, "finance_expense": 6133000000, "finance_income": 1031000000, "net_finance_income_expense": -5102000000, "share_of_results_of_associates": 295000000, "exceptional_share_of_results_of_associates": -35000000, "profit_before_tax": 9124000000, "income_tax_expense": 2234000000, "net_income": 6891000000, "net_income_attributable_to_shareholders": 5341000000, "net_income_attributable_to_noncontrolling_interests": 1550000000, "basic_eps": 2.65, "diluted_eps": 2.6, "basic_weighted_average_shares": 2016000000, "diluted_shares": 2054000000, "sga_expenses": 18173000000 }, "conversion": { "ads_ratio": 1.0 }, "non_ifrs_measures": { "underlying_profit": 6158000000, "underlying_eps": 3.05 }, "cash_flow": { "depreciation_amortization_and_impairment": 5411000000, "interest_paid": 3877000000, "income_tax_paid": 2696000000, "operating_cash_flow": 13265000000, "capex": 4638000000, "proceeds_from_sale_of_property_plant_equipment_and_intangibles": 156000000, "investing_cash_flow": -4390000000, "proceeds_from_borrowings": 202000000, "repayments_of_borrowings": 3098000000, "dividends_paid": 3013000000, "share_buybacks": 362000000, "lease_payments": 780000000, "financing_cash_flow": -8560000000, "net_change_in_cash": 315000000, "free_cash_flow": 8627000000 } } ], "quarterly": [ { "fiscal_year": 2026, "fiscal_quarter": 3, "label": "Q3 FY2026", "period_start": "2026-07-01", "period_end": "2026-09-30", "period_type": "three months", "source_accession": "0001193125-26-437051", "accounting_basis": "IFRS; unaudited, from the third-quarter results press release furnished on Form 6-K", "income_statement": { "revenue": 16512000000, "cost_of_sales": 7210000000, "gross_profit": 9302000000, "sga_expenses": 4979000000, "other_operating_income_expense": 215000000, "exceptional_items_above_profit_from_operations": -11000000, "net_finance_income_expense_before_exceptional_items": -908000000, "exceptional_net_finance_income_expense": -791000000, "share_of_results_of_associates": 97000000, "exceptional_share_of_results_of_associates": 0, "income_tax_expense": 952000000, "net_income": 1973000000, "net_income_attributable_to_noncontrolling_interests": 376000000, "net_income_attributable_to_shareholders": 1597000000, "basic_eps": 0.81, "basic_weighted_average_shares": 1973000000, "operating_income": 4527000000, "net_finance_income_expense": -1699000000, "profit_before_tax": 2925000000 }, "conversion": { "ads_ratio": 1.0 }, "non_ifrs_measures": { "normalized_ebit": 4538000000, "normalized_ebitda": 5957000000, "underlying_profit": 2396000000, "underlying_eps": 1.21 }, "operating_metrics": { "volumes_hectoliters": 142313000 } }, { "fiscal_year": 2025, "fiscal_quarter": 3, "label": "Q3 FY2025", "period_start": "2025-07-01", "period_end": "2025-09-30", "period_type": "three months", "source_accession": "0001193125-26-437051", "accounting_basis": "IFRS; unaudited, from the third-quarter results press release furnished on Form 6-K", "income_statement": { "revenue": 15133000000, "cost_of_sales": 6596000000, "gross_profit": 8537000000, "sga_expenses": 4535000000, "other_operating_income_expense": 203000000, "exceptional_items_above_profit_from_operations": 55000000, "net_finance_income_expense_before_exceptional_items": -1165000000, "exceptional_net_finance_income_expense": -947000000, "share_of_results_of_associates": 110000000, "exceptional_share_of_results_of_associates": 0, "income_tax_expense": 726000000, "net_income": 1532000000, "net_income_attributable_to_noncontrolling_interests": 478000000, "net_income_attributable_to_shareholders": 1054000000, "basic_eps": 0.53, "basic_weighted_average_shares": 1986000000, "operating_income": 4260000000, "net_finance_income_expense": -2112000000, "profit_before_tax": 2258000000 }, "conversion": { "ads_ratio": 1.0 }, "non_ifrs_measures": { "normalized_ebit": 4205000000, "normalized_ebitda": 5594000000, "underlying_profit": 1970000000, "underlying_eps": 0.99 }, "operating_metrics": { "volumes_hectoliters": 142319000 } } ], "year_to_date": { "label": "9M FY2026 (nine months ended 30 September 2026)", "period_start": "2026-01-01", "period_end": "2026-09-30", "period_type": "nine months", "fiscal_year": 2026, "source_accession": "0001193125-26-437056", "accounting_basis": "IFRS; unaudited, from the Unaudited Interim Report for the nine-month period furnished on Form 6-K, with the results press release for lines the report does not print", "prior_year_comparative": { "label": "9M FY2025 (nine months ended 30 September 2025)", "period_start": "2025-01-01", "period_end": "2025-09-30", "period_type": "nine months", "fiscal_year": 2025, "source_accession": "0001193125-26-437056", "accounting_basis": "IFRS; unaudited, comparative column of the 9M FY2026 interim report and results press release", "income_statement": { "exceptional_share_of_results_of_associates": 9000000, "basic_weighted_average_shares": 1986000000, "revenue": 43764000000, "cost_of_sales": 19198000000, "gross_profit": 24566000000, "sga_expenses": 13347000000, "other_operating_income_expense": 585000000, "exceptional_items_above_profit_from_operations": -39000000, "operating_income": 11766000000, "net_finance_income_expense_before_exceptional_items": -3210000000, "exceptional_net_finance_income_expense": -580000000, "net_finance_income_expense": -3790000000, "share_of_results_of_associates": 246000000, "income_tax_expense": 2130000000, "net_income": 6100000000, "net_income_attributable_to_noncontrolling_interests": 1222000000, "net_income_attributable_to_shareholders": 4878000000, "basic_eps": 2.46, "profit_before_tax": 8230000000 }, "conversion": { "ads_ratio": 1.0 }, "non_ifrs_measures": { "underlying_eps": 2.78, "normalized_ebit": 11805000000, "normalized_ebitda": 15750000000, "underlying_profit": 5526000000 }, "operating_metrics": { "volumes_hectoliters": 421934000 } }, "income_statement": { "exceptional_share_of_results_of_associates": 0, "basic_weighted_average_shares": 1973000000, "revenue": 48439000000, "cost_of_sales": 20912000000, "gross_profit": 27528000000, "sga_expenses": 14897000000, "other_operating_income_expense": 584000000, "exceptional_items_above_profit_from_operations": 3000000, "operating_income": 13218000000, "net_finance_income_expense_before_exceptional_items": -3015000000, "exceptional_net_finance_income_expense": 1242000000, "net_finance_income_expense": -1773000000, "share_of_results_of_associates": 244000000, "income_tax_expense": 2656000000, "net_income": 9033000000, "net_income_attributable_to_noncontrolling_interests": 1123000000, "net_income_attributable_to_shareholders": 7910000000, "basic_eps": 4.01, "profit_before_tax": 11689000000 }, "conversion": { "ads_ratio": 1.0 }, "non_ifrs_measures": { "underlying_eps": 3.4, "normalized_ebit": 13215000000, "normalized_ebitda": 17332000000, "underlying_profit": 6710000000 }, "operating_metrics": { "volumes_hectoliters": 422726000 } }, "trailing_twelve_months": { "label": "Twelve months ended 30 September 2026 (derived)", "period_start": "2025-10-01", "period_end": "2026-09-30", "period_type": "trailing twelve months", "source_accession": "0001193125-26-437056", "derivation": "FY2025 (Form 20-F, accession 0001193125-26-088105) plus 9M FY2026 less 9M FY2025 (Form 6-K, accessions 0001193125-26-437056 and 0001193125-26-437051), computed line by line in US dollar millions", "income_statement": { "revenue": 63995000000, "cost_of_sales": 27855000000, "gross_profit": 36141000000, "sga_expenses": 19683000000, "operating_income": 16857000000, "net_income": 11410000000, "net_income_attributable_to_shareholders": 9869000000 }, "non_ifrs_measures": { "normalized_ebit": 17264000000, "normalized_ebitda": 22805000000, "underlying_profit": 8594000000 }, "operating_metrics": { "volumes_hectoliters": 561892000 } }, "notes": [ "Sources. FY2025, FY2024 and FY2023 come from the audited IFRS consolidated financial statements in the Form 20-F for 2025 (accession 0001193125-26-088105); the balance sheet is printed for 31 December 2025 and 2024 only. Q3 FY2026 and Q3 FY2025 come from the third-quarter results press release furnished as Exhibit 99.1 to Form 6-K accession 0001193125-26-437051 (29 October 2026). The nine-month periods come from the Unaudited Interim Report for the nine months ended 30 September 2026 (Exhibit 99.1 to Form 6-K accession 0001193125-26-437056), with share of results of associates, income tax expense, the weighted average share count and Underlying EPS taken from the press release, whose nine-month columns agree with the interim report line for line.", "The press release states that its nine-month figures were extracted from the unaudited condensed consolidated interim financial statements reviewed by the company's auditors, while the third-quarter figures were extracted from the underlying accounting records.", "Sign convention. Lines named as costs or payments (cost_of_sales, sga_expenses, distribution, sales and marketing and administrative expenses, finance_expense, income_tax_expense, capex, interest_paid, income_tax_paid, dividends_paid, share_buybacks, repayments_of_borrowings, lease_payments) are stored as positive amounts. Lines whose names carry income/(expense) or a net cash flow keep the filing's sign, negative meaning an expense or outflow.", "Terminology. The press release calls them 'non-underlying items'; the Form 20-F and the interim report call the same items 'exceptional items'. They are stored under one name in every period (exceptional_items_above_profit_from_operations, exceptional_net_finance_income_expense, exceptional_share_of_results_of_associates). Normalized EBIT is the company's 'profit from operations, before exceptional items'.", "operating_income is IFRS profit from operations. For the two quarters it is derived as Normalized EBIT plus non-underlying items above EBIT, as printed in the press release: Q3 FY2026 4,538 less 11 = 4,527 million US dollars; Q3 FY2025 4,205 plus 55 = 4,260 million US dollars.", "For the two quarters, net_finance_income_expense is the sum of the press release's net finance income/(expense) and non-underlying net finance income/(expense): Q3 FY2026 (908) plus (791) = (1,699) million; Q3 FY2025 (1,165) plus (947) = (2,112) million. For the quarters and the nine-month periods, profit_before_tax is derived as profit plus income tax expense. In each case it equals profit from operations plus net finance result plus share of results of associates, give or take 1 million of rounding.", "Annual sga_expenses is the sum of the Form 20-F's distribution, sales and marketing, and administrative expenses, which the 6-K filings report together as SG&A. Annual total_liabilities is total non-current plus total current liabilities; the statement prints no single total.", "free_cash_flow is derived as cash flow from operating activities less acquisition of property, plant and equipment and of intangible assets (gross capex, before disposal proceeds). It is not a figure the company prints.", "total_debt is interest-bearing loans and borrowings, current plus non-current, as totalled in the Form 20-F net debt note (73,013 million US dollars at 31 December 2025). It excludes bank overdrafts, which are shown separately. net_debt is the company's own non-IFRS measure: borrowings plus bank overdrafts, less cash, interest-bearing loans granted and debt securities.", "The non_ifrs_measures block holds the company's own non-IFRS measures: Normalized EBIT, Normalized EBITDA, Underlying Profit and Underlying EPS. In the Form 20-F, Normalized EBITDA adds back 5,369 million US dollars of depreciation, amortization and impairment for FY2025. The cash flow statement shows 5,652 million because it also includes impairment classified as exceptional.", "Per-share figures. For the quarters and nine-month periods the 6-K filings print basic EPS and Underlying EPS only, on a weighted average of 1,973 million ordinary and restricted shares (1,986 million a year earlier). Diluted EPS is printed only for the fiscal years.", "Volumes are reported (not organic) volumes, printed in thousand hectoliters and stored here in hectoliters.", "Scope. Effective 1 January 2026, Cervecer\u00eda Bucanero S.A. (a Cuban company in which AB InBev indirectly holds 50% through Ambev) is accounted for as an associate using the equity method. On 27 February 2026 the company completed the acquisition of 85% of BeatBox Beverages. The company treats these and its 3Q26 classification changes as scope changes in its organic growth analysis. Prior-period columns are shown as printed and were not restated.", "The trailing twelve months to 30 September 2026 is derived as FY2025 plus the nine months to 30 September 2026, less the nine months to 30 September 2025. It is computed line by line from the figures printed in those three columns. It combines audited full-year figures with unaudited interim figures." ], "uncertainties": [ "Neither third-quarter Form 6-K includes a balance sheet at 30 September 2026 or a cash flow statement for the quarter or the nine months. Q3 FY2026, Q3 FY2025 and the nine-month periods therefore carry income statement figures only, and the most recent balance sheet and cash flow figures here are those for FY2025.", "Diluted EPS and the diluted share count are not printed for Q3 FY2026, Q3 FY2025 or the nine-month periods, so those periods carry basic EPS only.", "The third-quarter figures were extracted from the company's accounting records rather than from reviewed interim statements, as the press release states. They may differ slightly from any later presentation.", "Normalized EBIT, Normalized EBITDA and volumes for FY2023 are not printed in the Form 20-F's two-year tables, so FY2023 omits them.", "Rounding: nine months to 30 September 2025 profit before tax is 8,230 million US dollars as profit plus tax, but 8,231 million as the sum of its components; FY2025 total liabilities plus total equity is 218,807 million against total assets of 218,808 million. Both differences come from rounding in the printed figures." ], "headline": { "period": "Q3 FY2026", "period_end_words": "September 30, 2026", "metrics": [ { "label": "Revenue", "format": "usd", "value": 16512000000, "text": "$16.51 billion", "exact": "$16,512,000,000", "compact": "$16.51B", "abs": "$16.51 billion", "prior_value": 15133000000, "prior": "$15.13 billion", "priorabs": "$15.13 billion", "yoy": "up 9.1%", "source": { "array": "quarterly", "field": "income_statement.revenue", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0001193125-26-437051", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0001193125-26-437051", "gap_days": 365 } }, { "label": "Profit attributable to equity holders", "format": "usd", "value": 1597000000, "text": "$1.60 billion", "exact": "$1,597,000,000", "compact": "$1.60B", "abs": "$1.60 billion", "prior_value": 1054000000, "prior": "$1.05 billion", "priorabs": "$1.05 billion", "yoy": "up 51.5%", "source": { "array": "quarterly", "field": "income_statement.net_income_attributable_to_shareholders", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0001193125-26-437051", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0001193125-26-437051", "gap_days": 365 } }, { "label": "Basic EPS", "format": "eps", "value": 0.81, "text": "$0.81", "exact": "$0.81", "compact": "$0.81", "abs": "$0.81", "prior_value": 0.53, "prior": "$0.53", "priorabs": "$0.53", "yoy": "up 52.8%", "source": { "array": "quarterly", "field": "income_statement.basic_eps", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0001193125-26-437051", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0001193125-26-437051", "gap_days": 365 } }, { "label": "Normalized EBITDA", "format": "usd", "value": 5957000000, "text": "$5.96 billion", "exact": "$5,957,000,000", "compact": "$5.96B", "abs": "$5.96 billion", "prior_value": 5594000000, "prior": "$5.59 billion", "priorabs": "$5.59 billion", "yoy": "up 6.5%", "source": { "array": "quarterly", "field": "non_ifrs_measures.normalized_ebitda", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0001193125-26-437051", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0001193125-26-437051", "gap_days": 365 } }, { "label": "Underlying EPS", "format": "eps", "value": 1.21, "text": "$1.21", "exact": "$1.21", "compact": "$1.21", "abs": "$1.21", "prior_value": 0.99, "prior": "$0.99", "priorabs": "$0.99", "yoy": "up 22.2%", "source": { "array": "quarterly", "field": "non_ifrs_measures.underlying_eps", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0001193125-26-437051", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0001193125-26-437051", "gap_days": 365 } } ], "summary": "Anheuser-Busch InBev reported revenue of $16.51 billion for Q3 FY2026, the quarter ended September 30, 2026, up 9.1% from a year earlier as reported, driven by higher revenue per hectoliter and favorable currency translation with volumes little changed. Profit attributable to equity holders was $1.60 billion, against $1.05 billion a year earlier, and basic EPS was $0.81 against $0.53. On the company's own non-IFRS measures, Normalized EBITDA was $5.96 billion, up 6.5% as reported, and Underlying EPS was $1.21, against $0.99.", "qa": [ { "q": "How much revenue did Anheuser-Busch InBev report in Q3 FY2026?", "a": "Anheuser-Busch InBev reported revenue of $16.51 billion for Q3 FY2026, the quarter ended September 30, 2026. That is up 9.1% as reported from $15.13 billion in the same quarter a year earlier, helped by favorable currency translation." }, { "q": "What was Anheuser-Busch InBev's profit and EPS in Q3 FY2026?", "a": "Anheuser-Busch InBev's profit attributable to equity holders was $1.60 billion for Q3 FY2026, up 51.5% from $1.05 billion a year earlier, and basic EPS was $0.81 against $0.53. One American Depositary Share represents one ordinary share, so the per-ADS amount is the same." }, { "q": "What was Anheuser-Busch InBev's Underlying EPS in Q3 FY2026?", "a": "Anheuser-Busch InBev's Underlying EPS, a non-IFRS measure that excludes non-underlying items (which include mark-to-market results on the company's equity hedges) and hyperinflation impacts, was $1.21 for Q3 FY2026, against $0.99 a year earlier." }, { "q": "What was Anheuser-Busch InBev's Normalized EBITDA in Q3 FY2026?", "a": "Anheuser-Busch InBev's Normalized EBITDA, the company's non-IFRS measure of operating profit before depreciation, amortization and exceptional items, was $5.96 billion for Q3 FY2026, up 6.5% as reported from $5.59 billion a year earlier." } ] }, "company_details": { "Name": "Anheuser-Busch InBev SA/NV", "Ticker": "BUD", "CIK": "0001668717", "Exchange": "NYSE", "State": "", "Country": "Belgium", "Incorporation": "Belgium", "SIC": "2082", "Office": "Manufacturing", "Industry": "Malt Beverages" }, "next_filing": { "predicted_date": "2027-03-02", "predicted_type": "20-F" }, "fiscal_period": { "fiscal_year": 2026, "fiscal_period": "Q3", "tag": "FY26Q3", "period_end": "2026-09-30", "form": "6-K", "accession": "0001193125-26-437051", "fiscal_year_end": "1231", "source": "derived" }, "source_filings": [ { "role": "annual", "current": false, "form": "20-F", "fiscal_year": 2025, "fiscal_period": "FY", "tag": "FY25", "period_end": "2025-12-31", "filed": "2026-03-03", "accession": "0001193125-26-088105", "url": "https://www.sec.gov/Archives/edgar/data/1668717/000119312526088105/d65314d20f.htm", "source": "reported" }, { "role": "quarterly", "current": true, "form": "6-K", "fiscal_year": 2026, "fiscal_period": "Q3", "tag": "FY26Q3", "period_end": "2026-09-30", "filed": "2026-10-29", "accession": "0001193125-26-437051", "url": "https://www.sec.gov/Archives/edgar/data/1668717/000119312526437051/0001193125-26-437051-index.htm", "source": "derived" } ], "figure_sources": { "about": "Where each figure in this file is printed in its SEC filing. 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