Anheuser-Busch InBev (BUD) Gross Margin (2015 - 2025)
Anheuser-Busch InBev (BUD) posted Gross Margin of 55.37% for Q4 2025, down 1.86% on a QoQ basis from 56.42% in Q3 2025, and up 11105.0% year-over-year from N/an in Q4 2024.
Anheuser-Busch InBev (BUD) Gross Margin (2015 - 2025) Analysis & Trends
Anheuser-Busch InBev's Gross Margin history runs 11 years deep, the most recent figure standing at 55.37% for Q4 2025.
- Quarterly Gross Margin rose 11105.0% year-over-year to 55.37% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 55.93% (up 68.0% YoY) and the FY2025 annual result came in at 55.93%, up 68.0% from the prior year.
- Gross Margin was 55.37% for Q4 2025 at Anheuser-Busch InBev, 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.
- A 5-year average of 54.84% and a median of 55.76% in 2024 frame the typical range for Gross Margin.
- Peak annual rise in Gross Margin reached 11105 bps in 2025, while the deepest fall reached 10858 bps in 2025.
- Anheuser-Busch InBev's Gross Margin stood at 58.17% in 2021, then slumped by 185 bps to 49.34% in 2022, then fell by 12 bps to 55.29% in 2023, then decreased by 1 bps to 55.68% in 2024, then jumped by 199 bps to 55.37% in 2025.
- Business Quant data shows BUD's Gross Margin at 55.37% in Q4 2025, 56.42% in Q3 2025, and 56.29% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,315.79 Bn | 3,674.57 Bn | 387.52 Bn | 47.29% |
| 2 | Mexican Economic Development | 1,198.50 Bn | 1,192.35 Bn | - | - |
| 3 | Anheuser-Busch InBev | 166.38 Bn | 154.16 Bn | 8.61 Bn | 55.37% |
| 4 | Ambev | 49.20 Bn | 45.43 Bn | 2.42 Bn | 52.63% |
| 5 | Constellation Brands | 23.08 Bn | 22.99 Bn | 1.32 Bn | 50.98% |
| 6 | Molson Coors Beverage | 8.14 Bn | 7.76 Bn | 897.20 Mn | 244.60% |
| 7 | Boston Beer | 1.96 Bn | 1.70 Bn | 286.37 Mn | 47.12% |
| 8 | NFiniTi | 720.00 Mn | 719.98 Mn | - | - |
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 | 58.17% |
| Sep 30, 2021 | 57.61% |
| Jun 30, 2021 | 57.75% |
| Mar 31, 2021 | 57.35% |