Anheuser-Busch InBev SA/NV (NYSE:BUD) Issues Earnings Results, Beats Expectations By $0.04 EPS

Anheuser-Busch InBev SA/NV (NYSE:BUD) announced its quarterly earnings data on Thursday. The consumer goods maker reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04, Briefing.com reports. The business had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $15.48 billion. Anheuser-Busch InBev SA/NV had a return on equity of 16.20% and a net margin of 10.40%.The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 EPS.

Here are the key takeaways from Anheuser-Busch InBev SA/NV’s conference call:

• AB InBev delivered EBITDA growth of 4.9%, expanded margins by 101 basis points, maintained free cash flow of ~$11.3bn, and raised capital returns (interim + proposed final dividend and ongoing $6bn share buyback program), strengthening capital allocation and balance sheet flexibility.
• Strategic growth engines accelerated — Beyond Beer revenue +23%, non‑alcohol beer revenue +34%, and BEES Marketplace GMV rose 61% to $3.5bn, supporting diversification and higher‑margin mix shifts.
• The U.S. is showing clear turnaround momentum with share gains in beer and spirits led by Michelob ULTRA, Busch Light and triple‑digit growth at Cutwater, giving AB InBev a strong regional growth case and marketing wins (e.g., Super Bowl/Ad Meter recognition).
• Overall volumes were below potential in 2025 and China underperformed (revenue down low‑teens) as the company adjusted inventory, channel focus and faces a still‑stabilizing on‑trade environment, posing near‑term growth headwinds.
• Management reiterated 2026 targets of organic EBITDA growth of 4–8%, net CapEx of $3.5–4.0bn and a normalized tax rate of 26–28%, while noting phasing risks (transactional effects, A&P timing for major events like the World Cup).

Anheuser-Busch InBev SA/NV Price Performance

BUD stock traded up $0.20 during midday trading on Friday, reaching $80.40. The company had a trading volume of 1,314,148 shares, compared to its average volume of 2,350,804. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.64 and a quick ratio of 0.48. Anheuser-Busch InBev SA/NV has a 1 year low of $52.47 and a 1 year high of $81.56. The company has a market capitalization of $156.98 billion, a P/E ratio of 26.25, a P/E/G ratio of 1.62 and a beta of 0.55. The firm has a 50-day moving average price of $67.52 and a 200-day moving average price of $63.36.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Monday, December 29th. Jefferies Financial Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday. The Goldman Sachs Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday. Sanford C. Bernstein reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, November 26th. Finally, UBS Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Anheuser-Busch InBev SA/NV currently has an average rating of “Moderate Buy” and an average target price of $81.00.

Key Headlines Impacting Anheuser-Busch InBev SA/NV

Here are the key news stories impacting Anheuser-Busch InBev SA/NV this week:

• Positive Sentiment: Q4 underlying EPS beat expectations ($0.95 vs. $0.91 consensus), driven by megabrand momentum and premiumization — a key reason some investors are bullish. Company Press Release / Slide Deck
• Positive Sentiment: Management sounded upbeat on 2026 and said the pace of beer volume declines slowed (down ~1.5%), signaling improving demand trends and supporting earnings growth expectations. WSJ: AB InBev Upbeat for 2026
• Positive Sentiment: Major brokers (Goldman Sachs, Barclays, RBC, Jefferies, UBS) reaffirmed “buy” ratings this week, which provides near‑term analyst support for the shares. MarketScreener: Goldman Sachs MarketScreener: Barclays
• Neutral Sentiment: Full materials and the earnings presentation / call transcript are available for active investors wanting detail on regional performance, margin drivers and capital allocation. Slide Deck Earnings Call Transcript
• Negative Sentiment: Revenue slightly missed consensus (reported ~$15.55B vs. ~$15.48B expected) and beer volumes remain pressured in some regions — investors concerned this could limit near‑term top‑line momentum. Zacks: Earnings Beat, Revenues Miss

Institutional Trading of Anheuser-Busch InBev SA/NV

A number of hedge funds have recently made changes to their positions in the stock. Moneta Group Investment Advisors LLC boosted its stake in shares of Anheuser-Busch InBev SA/NV by 31.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,754 shares of the consumer goods maker’s stock valued at $304,000 after purchasing an additional 1,142 shares in the last quarter. Cibc World Market Inc. bought a new stake in Anheuser-Busch InBev SA/NV in the fourth quarter worth $249,000. Brown Brothers Harriman & Co. boosted its position in Anheuser-Busch InBev SA/NV by 57.3% during the third quarter. Brown Brothers Harriman & Co. now owns 5,809 shares of the consumer goods maker’s stock valued at $346,000 after buying an additional 2,116 shares during the period. Chesapeake Capital Corp IL bought a new position in shares of Anheuser-Busch InBev SA/NV during the third quarter valued at about $263,000. Finally, Boston Partners bought a new position in shares of Anheuser-Busch InBev SA/NV during the third quarter valued at about $328,000. 5.53% of the stock is owned by institutional investors.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.