Anheuser-Busch InBev (BUD) Operating Expenses (2015 - 2025)

Anheuser-Busch InBev's Operating Expenses history runs 11 years deep, the most recent figure standing at -$11.1 billion for Q3 2025.

• Quarterly Operating Expenses rose 1.21% year-over-year to -$11.1 billion in Q3 2025, while the trailing twelve-month figure through Dec 2025 was -$13.3 billion (up 2.85% YoY) and the FY2022 annual result came in at -$45.0 million, up 99.61% from the prior year.
• Operating Expenses was -$11.1 billion for Q3 2025 at Anheuser-Busch InBev, down from $1.9 billion in the prior quarter.
• Across five years, Operating Expenses topped out at $2.0 billion in Q2 2023 and bottomed at -$11.3 billion in Q3 2023.
• A 5-year average of -$3.8 billion and a median of -$2.9 billion in 2022 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2022 — Operating Expenses plunged 135.71% — and 2023, when it climbed 6.12%.
• Anheuser-Busch InBev's Operating Expenses stood at $126.0 million in 2021, then plunged by 135.71% to -$45.0 million in 2022, then slumped by 24977.78% to -$11.3 billion in 2023, then gained by 0.57% to -$11.2 billion in 2024, then gained by 1.21% to -$11.1 billion in 2025.
• Business Quant data shows BUD's Operating Expenses at -$11.1 billion in Q3 2025, $1.9 billion in Q2 2025, and -$4.2 billion in Q1 2025.