Anheuser-Busch InBev (BUD) Net Margin (2015 - 2025)
Anheuser-Busch InBev posted quarterly Net Margin of 23.39% for Q4 2025, down 419.0% year-on-year from 7.33% in Q4 2024, and down 16.91% on a QoQ basis from 28.15% in Q3 2025.
Anheuser-Busch InBev (BUD) has 11 years of Net Margin data on file, last reported at 23.39% in Q4 2025.
- For the quarter ending Q4 2025, Net Margin fell 419.0% year-over-year to 23.39%; the trailing twelve-month figure through Dec 2025 stood at 23.6% (up 28.0% YoY), and the FY2025 full-year result was 14.29%, up 188.0% from the prior year.
- Net Margin for Q4 2025 stood at 23.39%, down from 28.15% in the prior quarter.
- Across five years, Net Margin topped out at 41.03% in Q3 2021 and bottomed at 14.8% in Q2 2024.
- The 5-year median for Net Margin is 27.85% (2022), against an average of 28.57%.
- The widest annual swing landed in 2021, when Net Margin surged 7310 bps; it then slumped 1528 bps in 2022.
- A 5-year view of Net Margin shows it stood at 39.98% in 2021, then sank by 38 bps to 24.69% in 2022, then soared by 56 bps to 38.41% in 2023, then fell by 28 bps to 27.58% in 2024, then retreated by 15 bps to 23.39% in 2025.
- The last three Net Margin figures came in at 23.39% (Q4 2025), 28.15% (Q3 2025), and 17.09% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,105.18 Bn | 3,730.53 Bn | 387.52 Bn | 6.57% |
| 2 | Anheuser-Busch InBev | 144.87 Bn | 132.65 Bn | 8.61 Bn | 23.39% |
| 3 | Mexican Economic Development | 102.46 Bn | 96.50 Bn | - | - |
| 4 | Constellation Brands | 26.22 Bn | 26.12 Bn | 951.70 Mn | 11.70% |
| 5 | Ambev | 9.36 Bn | 5.68 Bn | 2.42 Bn | 29.56% |
| 6 | Molson Coors Beverage | 8.04 Bn | 7.77 Bn | 897.20 Mn | 5.52% |
| 7 | Boston Beer | 1.99 Bn | 1.83 Bn | 213.96 Mn | -33.48% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 23.39% |
| Sep 30, 2025 | 28.15% |
| Jun 30, 2025 | 17.09% |
| Mar 31, 2025 | 25.96% |
| Dec 31, 2024 | 27.58% |
| Sep 30, 2024 | 26.36% |
| Jun 30, 2024 | 14.80% |
| Mar 31, 2024 | 24.84% |
| Dec 31, 2023 | 38.41% |
| Sep 30, 2023 | 35.53% |
| Jun 30, 2023 | 27.14% |
| Mar 31, 2023 | 28.52% |
| Dec 31, 2022 | 24.69% |
| Sep 30, 2022 | 30.34% |
| Jun 30, 2022 | 34.11% |
| Mar 31, 2022 | 28.12% |
| Dec 31, 2021 | 39.98% |
| Sep 30, 2021 | 41.03% |
| Jun 30, 2021 | 34.99% |
| Mar 31, 2021 | 20.47% |
| Dec 31, 2020 | 32.19% |
| Sep 30, 2020 | -32.07% |
| Jun 30, 2020 | 21.18% |
| Mar 31, 2020 | -1.14% |
| Dec 31, 2019 | -2.42% |
| Sep 30, 2019 | 2.35% |
| Jun 30, 2019 | 0.85% |
| Mar 31, 2019 | 0.99% |
| Dec 31, 2018 | -58.70% |
| Sep 30, 2018 | 3.08% |
| Jun 30, 2018 | 41.79% |
| Mar 31, 2018 | 34.58% |
| Dec 31, 2017 | -35.62% |
| Sep 30, 2017 | 14.34% |
| Jun 30, 2017 | 0.39% |
| Mar 31, 2017 | -0.22% |
| Sep 30, 2016 | 4.15% |
| Jun 30, 2016 | 18.58% |
| Mar 31, 2016 | 14.99% |
| Dec 31, 2015 | 94.87% |
| Sep 30, 2015 | 71.69% |