Anheuser-Busch InBev (BUDFF) Operating Expenses (2015 - 2025)
Anheuser-Busch InBev (BUDFF) reported Operating Expenses of -$4786.0 for Q4 2025, down 3.98% on a YoY basis from -$4984.2 in Q4 2024, and down 5.53% quarter-over-quarter from -$4535.0 in Q3 2025.
Anheuser-Busch InBev (BUDFF) Operating Expenses (2015 - 2025) Analysis & Trends
Anheuser-Busch InBev has reported Operating Expenses for 11 years, with the latest figure at -$4786.0 in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses fell 3.98% year-over-year to -$4786.0; the trailing twelve-month figure through Dec 2025 stood at -$2.3 billion (up 10.13% YoY), and the FY2025 full-year result was -$4786.0, down 3.98% from the prior year.
- Operating Expenses for Q4 2025 stood at -$4786.0, down from -$4535.0 in the prior quarter.
- The five-year high for Operating Expenses was $2.0 billion in Q2 2023, with the low at -$17.6 billion in Q4 2021.
- Historically, Operating Expenses has averaged -$4.9 billion across 5 years, with a median of -$4.3 billion in 2023.
- Annual changes were most pronounced in 2021 — Operating Expenses retreated 18.11% — and 2023, when it surged 123.14%.
- Anheuser-Busch InBev's Operating Expenses stood at -$17.6 billion in 2021, then jumped by 73.87% to -$4.6 billion in 2022, then climbed by 1.2% to -$4.5 billion in 2023, then soared by 100.0% to -$4603.0 in 2024, then fell by 3.98% to -$4786.0 in 2025.
- The last three Operating Expenses figures came in at -$4786.0 (Q4 2025), -$4535.0 (Q3 2025), and $1.9 billion (Q2 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | United Breweries | 4,105.18 Bn | 3,586.00 Bn | 387.52 Bn | -58.25 Bn |
| 2 | Anheuser-Busch InBev | 140.72 Bn | 128.50 Bn | 8.61 Bn | -4,786.00 |
| 3 | Ambev | 33.67 Bn | 29.90 Bn | 2.42 Bn | -295.42 Mn |
| 4 | Constellation Brands | 24.55 Bn | 24.45 Bn | 951.70 Mn | 420.50 Mn |
| 5 | Mexican Economic Development | 19.03 Bn | 13.06 Bn | - | - |
| 6 | Molson Coors Beverage | 7.65 Bn | 7.39 Bn | 897.20 Mn | 610.00 Mn |
| 7 | Boston Beer | 1.83 Bn | 1.66 Bn | 213.96 Mn | 404.42 Mn |
| 8 | NFiniTi | - | - | - | 73,077.00 |
| 9 | Molson Coors Beverage | - | - | 897.20 Mn | 610.00 Mn |
| 10 | Anheuser-Busch InBev | - | - | 8.61 Bn | -4,786.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -4,786.00 |
| Sep 30, 2025 | -4,535.00 |
| Jun 30, 2025 | 1.93 Bn |
| Mar 31, 2025 | -4.19 Bn |
| Dec 31, 2024 | -4,603.00 |
| Sep 30, 2024 | -4,490.00 |
| Jun 30, 2024 | 1.92 Bn |
| Mar 31, 2024 | -4.44 Bn |
| Dec 31, 2023 | -4.54 Bn |
| Sep 30, 2023 | -13.64 Bn |
| Jun 30, 2023 | 1.99 Bn |
| Mar 31, 2023 | -4.34 Bn |
| Dec 31, 2022 | -4.59 Bn |
| Sep 30, 2022 | -12.96 Bn |
| Jun 30, 2022 | -8.62 Bn |
| Mar 31, 2022 | -4.12 Bn |
| Dec 31, 2021 | -17.57 Bn |
| Sep 30, 2021 | -12.95 Bn |
| Jun 30, 2021 | -8.57 Bn |
| Mar 31, 2021 | -4.06 Bn |