Anheuser-Busch InBev (BUD) Gross Margin (2015 - 2025)
Anheuser-Busch InBev posted quarterly Gross Margin of 55.37% for Q4 2025, up 11105.0% year-on-year from N/an in Q4 2024, and down 1.86% on a QoQ basis from 56.42% in Q3 2025.
Anheuser-Busch InBev (BUD) has 11 years of Gross Margin data on file, last reported at 55.37% in Q4 2025.
- For the quarter ending Q4 2025, Gross Margin rose 11105.0% year-over-year to 55.37%; the trailing twelve-month figure through Dec 2025 stood at 55.93% (up 68.0% YoY), and the FY2025 full-year result was 55.93%, up 68.0% from the prior year.
- Gross Margin for Q4 2025 stood at 55.37%, down from 56.42% in the prior quarter.
- Across five years, Gross Margin topped out at 165.0% in Q3 2024 and bottomed at 55.68% in Q4 2024.
- The 5-year median for Gross Margin is 55.51% (2025), against an average of 54.76%.
- Peak annual rise in Gross Margin reached 11105 bps in 2025, while the deepest fall reached 10858 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 47.66% in 2021, then declined by 4 bps to 49.34% in 2022, then declined by 12 bps to 55.29% in 2023, then retreated by 1 bps to 55.68% in 2024, then soared by 199 bps to 55.37% in 2025.
- The last three Gross Margin figures came in at 55.37% (Q4 2025), 56.42% (Q3 2025), and 56.29% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,105.18 Bn | 3,730.53 Bn | 387.52 Bn | 47.29% |
| 2 | Anheuser-Busch InBev | 144.87 Bn | 132.65 Bn | 8.61 Bn | 55.37% |
| 3 | Mexican Economic Development | 102.46 Bn | 96.50 Bn | - | - |
| 4 | Constellation Brands | 26.22 Bn | 26.12 Bn | 951.70 Mn | 49.56% |
| 5 | Ambev | 9.36 Bn | 5.68 Bn | 2.42 Bn | 52.63% |
| 6 | Molson Coors Beverage | 8.04 Bn | 7.77 Bn | 897.20 Mn | 33.01% |
| 7 | Boston Beer | 1.99 Bn | 1.83 Bn | 213.96 Mn | 49.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 55.37% |
| Sep 30, 2025 | 56.42% |
| Jun 30, 2025 | 56.29% |
| Mar 31, 2025 | 55.64% |
| Dec 31, 2024 | -55.68% |
| Sep 30, 2024 | 165.00% |
| Jun 30, 2024 | 55.87% |
| Mar 31, 2024 | 54.27% |
| Dec 31, 2023 | -55.29% |
| Sep 30, 2023 | 155.32% |
| Jun 30, 2023 | 53.57% |
| Mar 31, 2023 | 54.15% |
| Dec 31, 2022 | -49.34% |
| Sep 30, 2022 | 155.56% |
| Jun 30, 2022 | 54.06% |
| Mar 31, 2022 | 54.75% |
| Dec 31, 2021 | -47.66% |
| Sep 30, 2021 | 161.87% |
| Jun 30, 2021 | 57.75% |
| Mar 31, 2021 | 57.35% |
| Dec 31, 2020 | -36.94% |
| Sep 30, 2020 | 154.20% |
| Jun 30, 2020 | 56.05% |
| Mar 31, 2020 | 58.45% |
| Dec 31, 2019 | -58.52% |
| Sep 30, 2019 | 181.47% |
| Jun 30, 2019 | 61.93% |
| Mar 31, 2019 | 60.92% |
| Dec 31, 2018 | 63.28% |
| Sep 30, 2018 | 200.46% |
| Jun 30, 2018 | 63.09% |
| Mar 31, 2018 | 61.81% |
| Dec 31, 2017 | -58.63% |
| Sep 30, 2017 | 21.97% |
| Jun 30, 2017 | 61.61% |
| Mar 31, 2017 | 59.53% |
| Sep 30, 2016 | 60.33% |
| Jun 30, 2016 | 60.89% |
| Mar 31, 2016 | 59.81% |
| Dec 31, 2015 | 62.71% |
| Sep 30, 2015 | 60.14% |