Anheuser-Busch InBev SA/NV (NYSE:BUD) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

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

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 Stock Up 4.3%

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Azimuth Capital Investment Management LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 3.7% in the fourth quarter. Azimuth Capital Investment Management LLC now owns 73,030 shares of the consumer goods maker’s stock worth $4,677,000 after buying an additional 2,635 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in Anheuser-Busch InBev SA/NV by 31.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,754 shares of the consumer goods maker’s stock worth $304,000 after purchasing an additional 1,142 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter worth approximately $1,135,000. Janney Montgomery Scott LLC boosted its position in Anheuser-Busch InBev SA/NV by 17.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 22,672 shares of the consumer goods maker’s stock worth $1,452,000 after purchasing an additional 3,430 shares during the period. Finally, Deutsche Bank AG acquired a new position in Anheuser-Busch InBev SA/NV during the fourth quarter valued at approximately $9,875,000. Institutional investors and hedge funds own 5.53% of the company’s stock.

Trending Headlines about Anheuser-Busch InBev SA/NV

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BUD shares. The Goldman Sachs Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, November 28th. Deutsche Bank Aktiengesellschaft restated a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, January 9th. DZ Bank reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, November 7th. Sanford C. Bernstein reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $81.00.

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.