Anheuser-Busch InBev SA/NV (NYSE:BUD) Announces Earnings Results

Anheuser-Busch InBev SA/NV (NYSE:BUD) released its quarterly earnings results on Thursday. The consumer goods maker reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04, Briefing.com reports. Anheuser-Busch InBev SA/NV had a net margin of 10.40% and a return on equity of 16.20%. During the same quarter in the previous year, the business earned $0.88 earnings per share. Anheuser-Busch InBev SA/NV’s quarterly revenue was up 6.2% compared to the same quarter last year.

Here are the key takeaways from Anheuser-Busch InBev SA/NV’s conference call:

• AB InBev delivered EBITDA growth of 4.9%, expanded margins by 101 basis points, maintained free cash flow of ~$11.3bn, and raised capital returns (interim + proposed final dividend and ongoing $6bn share buyback program), strengthening capital allocation and balance sheet flexibility.
• Strategic growth engines accelerated — Beyond Beer revenue +23%, non‑alcohol beer revenue +34%, and BEES Marketplace GMV rose 61% to $3.5bn, supporting diversification and higher‑margin mix shifts.
• The U.S. is showing clear turnaround momentum with share gains in beer and spirits led by Michelob ULTRA, Busch Light and triple‑digit growth at Cutwater, giving AB InBev a strong regional growth case and marketing wins (e.g., Super Bowl/Ad Meter recognition).
• Overall volumes were below potential in 2025 and China underperformed (revenue down low‑teens) as the company adjusted inventory, channel focus and faces a still‑stabilizing on‑trade environment, posing near‑term growth headwinds.
• Management reiterated 2026 targets of organic EBITDA growth of 4–8%, net CapEx of $3.5–4.0bn and a normalized tax rate of 26–28%, while noting phasing risks (transactional effects, A&P timing for major events like the World Cup).

Anheuser-Busch InBev SA/NV Price Performance

NYSE BUD traded up $3.29 on Thursday, hitting $80.55. 3,834,032 shares of the company were exchanged, compared to its average volume of 2,328,589. Anheuser-Busch InBev SA/NV has a 1-year low of $52.47 and a 1-year high of $81.56. The firm has a 50 day moving average of $67.14 and a two-hundred day moving average of $63.24. The company has a current ratio of 0.64, a quick ratio of 0.48 and a debt-to-equity ratio of 0.79. The company has a market cap of $157.29 billion, a P/E ratio of 26.33, a P/E/G ratio of 1.59 and a beta of 0.55.

Analysts Set New Price Targets

Several research firms have recently weighed in on BUD. JPMorgan Chase & Co. reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, February 6th. Deutsche Bank Aktiengesellschaft restated a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, January 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Monday, December 29th. Barclays restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, December 11th. Finally, Wells Fargo & Company upped their price target on Anheuser-Busch InBev SA/NV from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Anheuser-Busch InBev SA/NV presently has an average rating of “Moderate Buy” and an average target price of $81.00.

Institutional Trading of Anheuser-Busch InBev SA/NV

Several hedge funds have recently modified their holdings of BUD. Gamco Investors INC. ET AL bought a new stake in Anheuser-Busch InBev SA/NV in the second quarter valued at approximately $862,000. Russell Investments Group Ltd. increased its position in shares of Anheuser-Busch InBev SA/NV by 40.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 9,562 shares of the consumer goods maker’s stock valued at $657,000 after buying an additional 2,736 shares in the last quarter. NewEdge Advisors LLC raised its stake in Anheuser-Busch InBev SA/NV by 7.8% during the 1st quarter. NewEdge Advisors LLC now owns 8,869 shares of the consumer goods maker’s stock worth $546,000 after buying an additional 642 shares during the period. AQR Capital Management LLC lifted its holdings in Anheuser-Busch InBev SA/NV by 52.9% during the first quarter. AQR Capital Management LLC now owns 9,036 shares of the consumer goods maker’s stock worth $556,000 after acquiring an additional 3,127 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its holdings in Anheuser-Busch InBev SA/NV by 31.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,754 shares of the consumer goods maker’s stock worth $304,000 after acquiring an additional 1,142 shares in the last quarter. 5.53% of the stock is owned by institutional investors.

Anheuser-Busch InBev SA/NV News Roundup

Here are the key news stories impacting Anheuser-Busch InBev SA/NV this week:

• Positive Sentiment: Underlying EPS beat estimates ($0.95 vs. consensus ~ $0.91–$0.92) and rose year‑over‑year, showing margin resilience. Anheuser-Busch InBev posts slight revenue miss for Q4 amid declining beer volumes
• Positive Sentiment: Management signaled confidence for 2026 after volume declines slowed (volumes down ~1.5%), which investors view as improving momentum. AB InBev Upbeat for 2026 After Volumes Decline Slows
• Positive Sentiment: Full‑year results showed margin expansion and strong free cash flow (~$11.3B), supporting capital allocation and dividends/ buybacks. AB InBev Reports Full Year and Fourth Quarter 2025 Results
• Positive Sentiment: Multiple brokers (RBC, Jefferies, UBS, Bernstein) reaffirmed “buy” ratings, providing analyst support that can sustain upward pressure. AB InBev Buy Rating from RBC
• Neutral Sentiment: Company posted detailed materials (press release, slide deck) and held a conference call—useful for assessing guidance and segment performance but not immediately directional. View Press Release / Slide Deck
• Neutral Sentiment: Analyst write‑ups and previews (Zacks, Investopedia, previews) provide deeper metric comparisons — helpful for longer‑term modeling but not an immediate catalyst. Anheuser-Busch Inbev (BUD) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
• Negative Sentiment: Revenue missed consensus slightly despite EPS beat and beer volumes are still declining, which is a reminder of demand risk in some markets. Anheuser-Busch InBev posts slight revenue miss for Q4 amid declining beer volumes

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.