Anheuser-Busch InBev SA/NV (BUD) Cost of Revenue (2015 - 2026)
Anheuser-Busch InBev (BUD) reported Cost of Revenue of $7.08 billion for Q2 2026, up 8.0% from $6.56 billion a year earlier and up 7.0% from the prior quarter.
Powered by 
Analysis
Anheuser-Busch InBev SA/NV (BUD) Cost of Revenue (2015 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Anheuser-Busch InBev's Cost of Revenue came in at $13.7 billion, up 8.7% year-over-year; for FY2025, it came in at $26.14 billion, down 2.3% from FY2024.
- Cost of Revenue has a five-year compound annual growth rate of 5.9% (FY2020 to FY2025).
- By year, Cost of Revenue came in at $26.74 billion in FY2024 (-2.4%), $27.4 billion in FY2023 (+4.1%), $26.31 billion in FY2022 (+13.9%) and $23.1 billion in FY2021 (+17.6%).
- The Q2 2026 figure ranks as the highest quarterly Cost of Revenue since Q4 2023.
- Year over year, Cost of Revenue has now increased in each of the last three quarters, with an average decline of 23.9% over the last eight quarters.
- The high point for year-over-year Cost of Revenue in five years was Q3 2021 (growth of 18.5%); the low point was Q4 2024 (a decline of 100.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $6.62 billion (Q1 2026), $6,943 (Q4 2025) and $6,596 (Q3 2025).
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.08 Bn |
| Mar 31, 2026 | 6.62 Bn |
| Dec 31, 2025 | 6,943.00 |
| Sep 30, 2025 | 6,596.00 |
| Jun 30, 2025 | 6.56 Bn |
| Mar 31, 2025 | 6.04 Bn |
| Dec 31, 2024 | 6,645.00 |
| Sep 30, 2024 | 6,680.00 |
| Jun 30, 2024 | 6.77 Bn |
| Mar 31, 2024 | 6.65 Bn |
| Dec 31, 2023 | 27.40 Bn |
| Sep 30, 2023 | 20.72 Bn |
| Jun 30, 2023 | 7.02 Bn |
| Mar 31, 2023 | 6.52 Bn |
| Dec 31, 2022 | 26.31 Bn |
| Sep 30, 2022 | 19.64 Bn |
| Jun 30, 2022 | 12.78 Bn |
| Mar 31, 2022 | 5.99 Bn |
| Dec 31, 2021 | 23.10 Bn |
| Sep 30, 2021 | 17.00 Bn |
API Access
Anheuser-Busch InBev SA/NV Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=BUD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "BUD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=BUD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();