Anheuser-Busch InBev SA/NV (BUD) Earnings History
Annual and quarterly earnings data from 2002 to 2024
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BUD EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
BUD Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 55.3% | 25.9% | 9.8% |
| 2023 | 53.9% | 23.5% | 9.0% |
| 2022 | 54.5% | 25.1% | 10.3% |
| 2021 | 57.5% | 25.5% | 8.6% |
| 2020 | 58.1% | 20.5% | 3.0% |
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Anheuser-Busch InBev SA/NV (BUD) Earnings Overview
As of May 8, 2026, Anheuser-Busch InBev SA/NV (BUD) reported trailing twelve-month net income of $12.57B, reflecting +10.0% year-over-year growth. The company earned $6.30 per diluted share over the past four quarters, with a net profit margin of 9.8%.
Looking at the long-term picture, BUD's 5-year EPS compound annual growth rate (CAGR) stands at -8.8%, signaling declining earnings. The company achieved its highest annual net income of $14.39B in fiscal 2013.
Anheuser-Busch InBev SA/NV maintains positive profitability with a gross margin of 55.3%, operating margin of 25.9%, and net margin of 9.8%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including TAP (-$2.11B net income, -19.2% margin), SAM (-$61M net income, 5.2% margin), ABEV ($15.58B net income, 17.6% margin), BUD has outperformed on profitability metrics. Compare BUD vs TAP →
BUD Earnings vs Peers
Earnings metrics vs comparable public companies
BUD Historical Earnings Data (2002–2024)
23 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $5.86B | +9.6% | $15.49B | $2.86 | 9.8% | 25.9% |
| 2023 | $5.34B | -10.5% | $13.97B | $2.60 | 9.0% | 23.5% |
| 2022 | $5.97B | +27.8% | $14.52B | $2.91 | 10.3% | 25.1% |
| 2021 | $4.67B | +232.4% | $13.82B | $2.28 | 8.6% | 25.5% |
| 2020 | $1.41B | -84.7% | $9.62B | $0.70 | 3.0% | 20.5% |
| 2019 | $9.17B | +109.9% | $16.10B | $4.53 | 17.5% | 30.8% |
| 2018 | $4.37B | -45.3% | $16.41B | $2.17 | 8.2% | 30.9% |
| 2017 | $7.99B | +543.8% | $16.46B | $3.98 | 14.6% | 30.0% |
| 2016 | $1.24B | -85.0% | $12.88B | $0.71 | 2.7% | 28.3% |
| 2015 | $8.27B | -10.2% | $13.39B | $5.84 | 19.0% | 30.7% |
Full BUD Stock Analysis
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Start ComparisonBUD — Frequently Asked Questions
Quick answers to the most common questions about buying BUD stock.
Is BUD growing earnings?
BUD EPS stands at $6.30, with +10.0% growth matching the 5-year CAGR of -8.8%. TTM net income is $12.6B. Earnings trajectory remains consistent.
What are BUD's profit margins?
Anheuser-Busch InBev SA/NV net margin is +9.8%, with operating margin at +25.9%. Margins sit within typical range for the sector.
How consistent are BUD's earnings?
BUD earnings data spans 2002-2024. The current earnings trend is +10.0% YoY. Historical data enables comparison across business cycles.