Anheuser-Busch InBev (BUD) Net Margin (2015 - 2025)
Anheuser-Busch InBev (BUD) posted Net Margin of 4.74% for Q4 2025, down 53.2% on a QoQ basis from 10.12% in Q3 2025, and down 4523.0% year-over-year from 0.11% in Q4 2024.
Anheuser-Busch InBev (BUD) Net Margin (2015 - 2025) Analysis & Trends
Anheuser-Busch InBev's Net Margin history runs 11 years deep, the most recent figure standing at 4.74% for Q4 2025.
- Quarterly Net Margin fell 4523.0% year-over-year to 4.74% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 11.53% (down 1588.0% YoY) and the FY2025 annual result came in at 11.53%, up 173.0% from the prior year.
- Net Margin was 4.74% for Q4 2025 at Anheuser-Busch InBev, down from 10.12% in the prior quarter.
- Across five years, Net Margin topped out at 49.97% in Q4 2024 and bottomed at 52.55% in Q4 2021.
- A 5-year average of 15.31% and a median of 13.95% in 2025 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2021 — Net Margin tumbled 7297 bps — and 2022, when it soared 7504 bps.
- Anheuser-Busch InBev's Net Margin stood at 52.55% in 2021, then jumped by 143 bps to 22.48% in 2022, then surged by 112 bps to 47.61% in 2023, then increased by 5 bps to 49.97% in 2024, then sank by 91 bps to 4.74% in 2025.
- Business Quant data shows BUD's Net Margin at 4.74% in Q4 2025, 10.12% in Q3 2025, and 13.49% in Q2 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,330.57 Bn | 3,689.35 Bn | 387.52 Bn | 6.57% |
| 2 | Mexican Economic Development | 1,197.42 Bn | 1,191.27 Bn | - | - |
| 3 | Anheuser-Busch InBev | 166.02 Bn | 153.80 Bn | 8.61 Bn | 4.74% |
| 4 | Ambev | 49.20 Bn | 45.43 Bn | 2.42 Bn | 18.26% |
| 5 | Constellation Brands | 23.03 Bn | 22.93 Bn | 1.32 Bn | 25.94% |
| 6 | Molson Coors Beverage | 8.13 Bn | 7.74 Bn | 897.20 Mn | 40.92% |
| 7 | Boston Beer | 1.95 Bn | 1.69 Bn | 286.37 Mn | 8.48% |
| 8 | NFiniTi | 720.00 Mn | 719.98 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 4.74% |
| Sep 30, 2025 | 10.12% |
| Jun 30, 2025 | 13.49% |
| Mar 31, 2025 | 18.67% |
| Dec 31, 2024 | 49.97% |
| Sep 30, 2024 | 38.05% |
| Jun 30, 2024 | 11.42% |
| Mar 31, 2024 | 10.21% |
| Dec 31, 2023 | 47.61% |
| Sep 30, 2023 | 29.67% |
| Jun 30, 2023 | -0.47% |
| Mar 31, 2023 | 14.41% |
| Dec 31, 2022 | 22.48% |
| Sep 30, 2022 | 28.49% |
| Jun 30, 2022 | 16.73% |
| Mar 31, 2022 | 3.77% |
| Dec 31, 2021 | -52.55% |
| Sep 30, 2021 | 9.40% |
| Jun 30, 2021 | 22.70% |
| Mar 31, 2021 | 7.26% |