Anheuser-Busch InBev (BUD) Gross Margin (2015 - 2025)
Anheuser-Busch InBev's (BUD) quarterly Gross Margin came in at 55.37% in Q4 2025, up 11105.0% YoY from N/an in Q4 2024, and down 1.86% on a QoQ basis from 56.42% in Q3 2025.
Anheuser-Busch InBev (BUD) Gross Margin (2015 - 2025) Analysis & Trends
Anheuser-Busch InBev (BUD) has 11 years of Gross Margin data on file, last reported at 55.37% in 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 eased to 55.37% in Q4 2025, from 56.42% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 165.0% in Q3 2024 to a low of 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.
- The widest YoY moves for Gross Margin: up 11105 bps in 2025, down 10858 bps in 2025.
- Tracing BUD's Gross Margin over 5 years: stood at 58.17% in 2021, then plunged by 185 bps to 49.34% in 2022, then dropped by 12 bps to 55.29% in 2023, then fell by 1 bps to 55.68% in 2024, then surged 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 2,224.41 Bn | 1,851.39 Bn | 252.83 Bn | 41.60% |
| 2 | Constellation Brands | 23.10 Bn | 23.00 Bn | 1.32 Bn | 50.98% |
| 3 | Molson Coors Beverage | 8.00 Bn | 5.87 Bn | 1.06 Bn | 29.50% |
| 4 | Boston Beer | 1.97 Bn | 1.71 Bn | 286.37 Mn | 47.12% |
| 5 | Ambev | 624,799.98 | -3.50 Bn | 2.29 Bn | 51.56% |
| 6 | Anheuser-Busch InBev | 157,405.59 | -7.66 Bn | - | - |
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% |