Anheuser-Busch InBev SA/NV (BUD) Operating Expenses (2015 - 2026)

Anheuser-Busch InBev (BUD) has reported Operating Expenses for 12 consecutive years, with $2.3 billion the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Expenses rose 21.81% year-over-year to $2.3 billion; the trailing twelve-month figure through Jun 2026 stood at -$4.8 billion (down 1.57% YoY), and the FY2025 full-year result was -$12.0 billion, up 0.81% from the prior year.
• Operating Expenses advanced to $2.3 billion in Q2 2026 per BUD's latest filing, from -$4.7 billion in the prior quarter.
• Across five years, Operating Expenses topped out at $8.9 billion in Q4 2023 and bottomed at -$11.3 billion in Q3 2023.
• Historically, Operating Expenses has averaged -$1.7 billion across 5 years, with a median of -$2.1 billion in 2022.
• The sharpest annual moves came in 2023 and 2026: Operating Expenses surged 19871.11% in 2023, then decreased 13.25% in 2026.
• Over 5 years, Operating Expenses stood at -$45.0 million in 2022, then soared by 19871.11% to $8.9 billion in 2023, then fell by 1.6% to $8.8 billion in 2024, then slipped by 0.86% to $8.7 billion in 2025, then sank by 72.97% to $2.3 billion in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $2.3 billion, -$4.7 billion, and $8.7 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.