Anheuser-Busch InBev (BUDFF) Gross Margin (2015 - 2025)
Anheuser-Busch InBev (BUDFF) reported Gross Margin of 55.37% for Q4 2025, up 11105.0% on a YoY basis from N/an in Q4 2024, and down 1.86% quarter-over-quarter from 56.42% in Q3 2025.
Anheuser-Busch InBev (BUDFF) Gross Margin (2015 - 2025) Analysis & Trends
Anheuser-Busch InBev has reported Gross Margin for 11 years, with the latest figure at 55.37% in Q4 2025.
- For the quarter ending Q4 2025, Gross Margin rose 11105.0% year-over-year to 55.37%; the trailing twelve-month figure through Dec 2025 stood at 55.93% (up 68.0% YoY), and the FY2025 full-year result was 55.93%, up 68.0% from the prior year.
- Gross Margin for Q4 2025 stood at 55.37%, down from 56.42% in the prior quarter.
- The five-year high for Gross Margin was 165.0% in Q3 2024, with the low at 55.68% in Q4 2024.
- Historically, Gross Margin has averaged 54.76% across 5 years, with a median of 55.51% in 2025.
- The largest YoY upside for Gross Margin was 11105 bps in 2025 against a maximum downside of 10858 bps in 2025.
- Anheuser-Busch InBev's Gross Margin stood at 47.66% in 2021, then dropped by 4 bps to 49.34% in 2022, then dropped by 12 bps to 55.29% in 2023, then fell by 1 bps to 55.68% in 2024, then surged by 199 bps to 55.37% in 2025.
- The last three Gross Margin figures came in at 55.37% (Q4 2025), 56.42% (Q3 2025), and 56.29% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,105.18 Bn | 3,586.00 Bn | 387.52 Bn | 47.29% |
| 2 | Anheuser-Busch InBev | 140.72 Bn | 128.50 Bn | 8.61 Bn | 55.37% |
| 3 | Ambev | 33.67 Bn | 29.90 Bn | 2.42 Bn | 52.63% |
| 4 | Constellation Brands | 24.55 Bn | 24.45 Bn | 951.70 Mn | 49.56% |
| 5 | Mexican Economic Development | 19.03 Bn | 13.06 Bn | - | - |
| 6 | Molson Coors Beverage | 7.65 Bn | 7.39 Bn | 897.20 Mn | 33.01% |
| 7 | Boston Beer | 1.83 Bn | 1.66 Bn | 213.96 Mn | 49.31% |
| 8 | NFiniTi | - | - | - | - |
| 9 | Molson Coors Beverage | - | - | 897.20 Mn | 33.01% |
| 10 | Anheuser-Busch InBev | - | - | 8.61 Bn | 55.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 55.37% |
| Sep 30, 2025 | 56.42% |
| Jun 30, 2025 | 56.29% |
| Mar 31, 2025 | 55.64% |
| Dec 31, 2024 | -55.68% |
| Sep 30, 2024 | 165.00% |
| Jun 30, 2024 | 55.87% |
| Mar 31, 2024 | 54.27% |
| Dec 31, 2023 | -55.29% |
| Sep 30, 2023 | 155.32% |
| Jun 30, 2023 | 53.57% |
| Mar 31, 2023 | 54.15% |
| Dec 31, 2022 | -49.34% |
| Sep 30, 2022 | 155.56% |
| Jun 30, 2022 | 54.06% |
| Mar 31, 2022 | 54.75% |
| Dec 31, 2021 | -47.66% |
| Sep 30, 2021 | 161.87% |
| Jun 30, 2021 | 57.75% |
| Mar 31, 2021 | 57.35% |