Anheuser-Busch InBev (BUD) EBITDA (2015 - 2025)

Anheuser-Busch InBev (BUD) posted EBITDA of $3.6 billion for Q4 2025, down 14.58% on a QoQ basis from $4.3 billion in Q3 2025, and down 11.09% year-over-year from $4.1 billion in Q4 2024.

Anheuser-Busch InBev (BUD) EBITDA (2015 - 2025) Analysis & Trends

Anheuser-Busch InBev's EBITDA history runs 11 years deep, the most recent figure standing at $3.6 billion for Q4 2025.

  • Quarterly EBITDA fell 11.09% year-over-year to $3.6 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $15.4 billion (down 0.53% YoY) and the FY2025 annual result came in at $15.4 billion, down 0.53% from the prior year.
  • EBITDA was $3.6 billion for Q4 2025 at Anheuser-Busch InBev, down from $4.3 billion in the prior quarter.
  • Across five years, EBITDA topped out at $4.4 billion in Q1 2022 and bottomed at $3.3 billion in Q4 2023.
  • A 5-year average of $3.8 billion and a median of $3.7 billion in 2022 frame the typical range for EBITDA.
  • Annual changes were most pronounced in 2021 — EBITDA soared 872.25% — and 2023, when it slipped 21.25%.
  • Anheuser-Busch InBev's EBITDA stood at $3.3 billion in 2021, then climbed by 9.05% to $3.6 billion in 2022, then slipped by 8.33% to $3.3 billion in 2023, then gained by 23.1% to $4.1 billion in 2024, then declined by 11.09% to $3.6 billion in 2025.
  • Business Quant data shows BUD's EBITDA at $3.6 billion in Q4 2025, $4.3 billion in Q3 2025, and $4.0 billion in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 United Breweries 4,345.35 Bn 3,704.13 Bn 387.52 Bn 445.77 Bn
2 Mexican Economic Development 1,212.02 Bn 1,205.86 Bn - -
3 Anheuser-Busch InBev 165.17 Bn 152.95 Bn 8.61 Bn 3.64 Bn
4 Ambev 49.35 Bn 45.58 Bn 2.42 Bn 1.28 Bn
5 Constellation Brands 23.17 Bn 23.07 Bn 1.32 Bn 845.30 Mn
6 Molson Coors Beverage 8.11 Bn 7.73 Bn 897.20 Mn 258.30 Mn
7 Boston Beer 1.95 Bn 1.68 Bn 286.37 Mn 70.77 Mn
8 NFiniTi 720.00 Mn 719.98 Mn - -73,137.00

Historic Data

Download Data
DateValue
Dec 31, 2025 3.64 Bn
Sep 30, 2025 4.26 Bn
Jun 30, 2025 3.97 Bn
Mar 31, 2025 3.54 Bn
Dec 31, 2024 4.09 Bn
Sep 30, 2024 3.97 Bn
Jun 30, 2024 3.82 Bn
Mar 31, 2024 3.61 Bn
Dec 31, 2023 3.33 Bn
Sep 30, 2023 3.68 Bn
Jun 30, 2023 3.51 Bn
Mar 31, 2023 3.46 Bn
Dec 31, 2022 3.63 Bn
Sep 30, 2022 3.89 Bn
Jun 30, 2022 3.80 Bn
Mar 31, 2022 4.39 Bn
Dec 31, 2021 3.33 Bn
Sep 30, 2021 3.95 Bn
Jun 30, 2021 3.51 Bn
Mar 31, 2021 4.20 Bn