Anheuser-Busch InBev (BUD) Operating Income (2015 - 2025)
Anheuser-Busch InBev posted quarterly Operating Income of $3.6 billion for Q4 2025, down 11.09% year-on-year from $4.1 billion in Q4 2024, and down 14.58% on a QoQ basis from $4.3 billion in Q3 2025.
Anheuser-Busch InBev (BUD) has 11 years of Operating Income data on file, last reported at $3.6 billion in Q4 2025.
- For the quarter ending Q4 2025, Operating Income fell 11.09% year-over-year to $3.6 billion; the trailing twelve-month figure through Dec 2025 stood at $15.4 billion (down 0.53% YoY), and the FY2025 full-year result was $15.4 billion, down 0.53% from the prior year.
- Operating Income for Q4 2025 stood at $3.6 billion, down from $4.3 billion in the prior quarter.
- Across five years, Operating Income topped out at $4.3 billion in Q3 2025 and bottomed at $3.0 billion in Q1 2021.
- The 5-year median for Operating Income is $3.6 billion (2022), against an average of $3.7 billion.
- The widest annual swing landed in 2021, when Operating Income soared 872.25%; it then declined 11.09% in 2025.
- A 5-year view of Operating Income shows it stood at $3.3 billion in 2021, then advanced by 9.05% to $3.6 billion in 2022, then decreased by 8.33% to $3.3 billion in 2023, then rose by 23.1% to $4.1 billion in 2024, then dropped by 11.09% to $3.6 billion in 2025.
- The last three Operating Income figures came in at $3.6 billion (Q4 2025), $4.3 billion (Q3 2025), and $4.0 billion (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,105.18 Bn | 3,730.53 Bn | 387.52 Bn | 91.88 Bn |
| 2 | Anheuser-Busch InBev | 144.87 Bn | 132.65 Bn | 8.61 Bn | 3.64 Bn |
| 3 | Mexican Economic Development | 102.46 Bn | 96.50 Bn | - | - |
| 4 | Constellation Brands | 26.22 Bn | 26.12 Bn | 951.70 Mn | 441.60 Mn |
| 5 | Ambev | 9.36 Bn | 5.68 Bn | 2.42 Bn | 1.28 Bn |
| 6 | Molson Coors Beverage | 8.04 Bn | 7.77 Bn | 897.20 Mn | 258.30 Mn |
| 7 | Boston Beer | 1.99 Bn | 1.83 Bn | 213.96 Mn | -190.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 3.64 Bn |
| Sep 30, 2025 | 4.26 Bn |
| Jun 30, 2025 | 3.97 Bn |
| Mar 31, 2025 | 3.54 Bn |
| Dec 31, 2024 | 4.09 Bn |
| Sep 30, 2024 | 3.97 Bn |
| Jun 30, 2024 | 3.82 Bn |
| Mar 31, 2024 | 3.61 Bn |
| Dec 31, 2023 | 3.33 Bn |
| Sep 30, 2023 | 3.68 Bn |
| Jun 30, 2023 | 3.51 Bn |
| Mar 31, 2023 | 3.46 Bn |
| Dec 31, 2022 | 3.63 Bn |
| Sep 30, 2022 | 3.89 Bn |
| Jun 30, 2022 | 3.80 Bn |
| Mar 31, 2022 | 3.20 Bn |
| Dec 31, 2021 | 3.33 Bn |
| Sep 30, 2021 | 3.95 Bn |
| Jun 30, 2021 | 3.51 Bn |
| Mar 31, 2021 | 3.05 Bn |
| Dec 31, 2020 | 3.65 Bn |
| Sep 30, 2020 | 3.66 Bn |
| Jun 30, 2020 | -454.00 Mn |
| Mar 31, 2020 | 2.76 Bn |
| Dec 31, 2019 | 3.96 Bn |
| Sep 30, 2019 | 4.06 Bn |
| Jun 30, 2019 | 4.45 Bn |
| Mar 31, 2019 | 3.62 Bn |
| Dec 31, 2018 | 4.39 Bn |
| Sep 30, 2018 | 3.74 Bn |
| Jun 30, 2018 | 4.43 Bn |
| Mar 31, 2018 | 3.86 Bn |
| Dec 31, 2017 | 4.18 Bn |
| Sep 30, 2017 | 4.51 Bn |
| Jun 30, 2017 | 4.27 Bn |
| Mar 31, 2017 | 3.50 Bn |
| Sep 30, 2016 | 8.85 Bn |
| Jun 30, 2016 | 5.78 Bn |
| Mar 31, 2016 | 2.66 Bn |
| Dec 31, 2015 | 13.33 Bn |
| Sep 30, 2015 | 21.65 Bn |