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

Anheuser-Busch InBev SA/NV (NYSE:BUD) released its earnings results on Thursday. The consumer goods maker reported $1.21 EPS for the quarter, beating the consensus estimate of $1.14 by $0.07, Zacks reports. Anheuser-Busch InBev SA/NV had a return on equity of 16.42% and a net margin of 14.90%. The firm had revenue of $16.51 billion for the quarter, compared to analysts’ expectations of $16.27 billion. During the same quarter in the previous year, the business posted $0.99 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year.

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

• Revenue rose 4.9% and underlying EPS increased 22% to $1.21 in Q3, while volumes grew for a third consecutive quarter and EBITDA increased 3.9%. Management maintained its 2026 outlook, citing disciplined revenue and cost management despite commodity pressures and higher brand investment.
• Growth was broad across key markets, with particularly strong performances in Mexico, Colombia, Brazil, South Africa, and the U.S. The company reported share gains in U.S. beer and total alcohol, while its Beyond Beer portfolio grew revenue in the low teens.
• Growth platforms continued to outperform: mega-brand revenue increased 7.7%, non-alcohol beer revenue rose 35%, and third-party products on the BEES marketplace grew 45% to $1.4 billion in GMV. Management said these areas are attracting new consumers and occasions and remain important long-term growth engines.
• China remained a significant weakness, with revenue and volumes down 16.8% amid an industry decline, abnormal weather, on-premise softness, and inventory reductions. Management expects inventories to normalize by year-end and said market-share trends are improving, but acknowledged that performance remains below potential.
• Strong cash generation and balance-sheet flexibility supported an interim dividend increase to €0.40 per share from €0.15 last year, alongside continued execution of the $6 billion share-buyback program, of which $2.6 billion has been completed.

Anheuser-Busch InBev SA/NV Trading Up 0.8%

Anheuser-Busch InBev SA/NV stock traded up $0.66 during trading hours on Friday, reaching $80.18. 1,396,949 shares of the company’s stock were exchanged, compared to its average volume of 2,124,829. The firm has a market capitalization of $161.91 billion, a PE ratio of 16.98, a PEG ratio of 1.17 and a beta of 0.57. The company has a quick ratio of 0.50, a current ratio of 0.66 and a debt-to-equity ratio of 0.68. The firm’s 50 day simple moving average is $78.83 and its 200 day simple moving average is $77.68. Anheuser-Busch InBev SA/NV has a twelve month low of $59.90 and a twelve month high of $86.60.

Key Anheuser-Busch InBev SA/NV News

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

• Positive Sentiment: Q3 results exceeded expectations: Underlying EPS rose 22% year over year to $1.21, compared with the $1.14 analyst consensus, while revenue reached $16.51 billion versus expectations of $16.27 billion. Revenue increased 9.1% on a reported basis. Anheuser-Busch InBev quarterly earnings report
• Positive Sentiment: Premiumization and megabrands supported growth: Higher revenue per hectoliter, strong performance from global megabrands and continued consumer trading-up helped offset uneven regional demand. Digital platforms and non-beer offerings also contributed, with non-beer volumes rising 4% and total volumes increasing 0.4%. AB InBev Q3 earnings beat estimates
• Positive Sentiment: Shareholder returns remain supportive: The board approved a €0.40-per-share interim dividend, payable in November, reinforcing the income appeal of BUD. AB InBev interim dividend announcement
• Positive Sentiment: Analyst sentiment is favorable: Deutsche Bank maintained its Buy rating, while Zacks highlighted BUD as a highly ranked value stock. Deutsche Bank maintains Buy rating
• Neutral Sentiment: Management continues investing in brands, marketing and growth platforms, which may support longer-term expansion but limits the immediate benefit of stronger sales.
• Negative Sentiment: Regional weakness, including declining performance in China, along with higher input costs and marketing spending, pressured margins. Investors may also remain cautious because beer volumes are broadly soft and health-conscious consumers are reducing alcohol consumption. AB InBev earnings reaction

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Barclays reissued a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, September 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, September 24th. Morgan Stanley lowered their price objective on Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an “overweight” rating on the stock in a research note on Thursday, July 2nd. Finally, UBS Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 24th. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $87.83.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV is a global beverage company headquartered in Leuven, Belgium, and one of the world’s largest brewers. The company produces, markets and distributes beer and other alcoholic and nonalcoholic beverages through a portfolio of international, regional and local brands.

Its brand portfolio includes Budweiser, Bud Light, Corona, Stella Artois, Michelob ULTRA, Beck’s, Hoegaarden and Leffe. AB InBev also offers a range of zero-alcohol and other beverage products, while its operations include brewing, packaging, sales and distribution.

The company was formed through the combination of Belgium’s Interbrew and Brazil’s AmBev in 2004.