Anheuser-Busch InBev SA/NV (BUD) Revenue History
Annual and quarterly revenue from 2002 to present
BUD Revenue Over Time (2002–2025)
BUD Revenue Growth History
17 of 23 years with positive growth- FY2002 revenue growth
- N/A
- FY2003 revenue growth
- +20.9%
- FY2004 revenue growth
- +30.9%
- FY2005 revenue growth
- +18.9%
- FY2006 revenue growth
- +27.2%
- FY2007 revenue growth
- +12.4%
- FY2008 revenue growth
- +19.1%
- FY2009 revenue growth
- +56.4%
- FY2010 revenue growth
- -1.3%
- FY2011 revenue growth
- +7.6%
- FY2012 revenue growth
- +1.8%
- FY2013 revenue growth
- +8.6%
- FY2014 revenue growth
- +9.0%
- FY2015 revenue growth
- -7.3%
- FY2016 revenue growth
- +4.4%
- FY2017 revenue growth
- +20.5%
- FY2018 revenue growth
- -3.3%
- FY2019 revenue growth
- -1.3%
- FY2020 revenue growth
- -10.4%
- FY2021 revenue growth
- +15.8%
- FY2022 revenue growth
- +6.4%
- FY2023 revenue growth
- +2.8%
- FY2024 revenue growth
- +0.7%
- FY2025 revenue growth
- -0.7%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $31.93B | +6.4% |
| Q4 2025 | $30.61B | +2.4% |
| Q2 2025 | $30.01B | +0.4% |
| Q4 2024 | $29.89B | -0.5% |
| Q2 2024 | $29.88B | +1.9% |
| Q4 2023 | $30.05B | +1.0% |
| Q2 2023 | $29.33B | +4.7% |
| Q4 2022 | $29.76B | +4.5% |
Revenue Breakdown (FY 2025)
BUD's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
BUD Revenue Analysis (2002–2025)
Current Revenue & Growth
As of October 25, 2026, Anheuser-Busch InBev SA/NV (BUD) generated trailing twelve-month (TTM) revenue of $122.43 billion, reflecting solid growth of +6.4% year-over-year. The most recent quarter (Q2 2026) recorded $31.93 billion in revenue, up 4.3% sequentially.
Historical Growth Trajectory
BUD's 5-year compound annual growth rate (CAGR) stands at +4.8%, indicating moderate growth over time. The 3-year CAGR of +0.9% is below the 5-year average, signalling a growth deceleration in recent years. Anheuser-Busch InBev SA/NV's highest annual revenue of $59.77 billion was recorded in 2024.
Revenue by Segment
BUD's revenue is primarily driven by Consolidation, Eliminations (0%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Consumer Defensive sector peers — including TAP (-1.8% YoY), SAM (+1.8% YoY), and ABEV (-3.8% YoY) — BUD has outperformed the peer group in revenue growth. Compare BUD vs TAP →
BUD Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BUDCurrent | $122.4B | +6.4% | +4.8% | 26.4% | |
 TAP | $11.1B | -1.8% | +2.9% | -21.0% | |
 SAM | $2.1B | +1.8% | +3.7% | 6.9% | |
 ABEV | $88.2B | -3.8% | +8.6% | 25.3% | |
 STZ | $9.1B | -4.3% | +1.2% | 31.3% | |
 DEO | $20.2B | +8.5% | +11.5% | 21.4% |
BUD Historical Revenue Data (2002–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $59.32B | -0.7% | $33.18B | 55.9% | $15.65B | 26.4% |
| 2024 | $59.77B | +0.7% | $33.02B | 55.3% | $15.49B | 25.9% |
| 2023 | $59.38B | +2.8% | $31.98B | 53.9% | $13.97B | 23.5% |
| 2022 | $57.79B | +6.4% | $31.48B | 54.5% | $14.52B | 25.1% |
| 2021 | $54.30B | +15.8% | $31.21B | 57.5% | $13.82B | 25.5% |
| 2020 | $46.88B | -10.4% | $27.25B | 58.1% | $9.62B | 20.5% |
| 2019 | $52.33B | -1.3% | $31.97B | 61.1% | $16.10B | 30.8% |
| 2018 | $53.04B | -3.3% | $33.11B | 62.4% | $16.41B | 30.9% |
| 2017 | $54.86B | +20.5% | $33.88B | 61.8% | $16.46B | 30.0% |
| 2016 | $45.52B | +4.4% | $27.71B | 60.9% | $12.88B | 28.3% |
| 2015 | $43.60B | -7.3% | $26.47B | 60.7% | $13.39B | 30.7% |
| 2014 | $47.06B | +9.0% | $28.31B | 60.1% | $15.11B | 32.1% |
| 2013 | $43.20B | +8.6% | $25.60B | 59.3% | $20.44B | 47.3% |
| 2012 | $39.76B | +1.8% | $23.34B | 58.7% | $12.75B | 32.1% |
| 2011 | $39.05B | +7.6% | $22.44B | 57.5% | $12.35B | 31.6% |
BUD Chart Terminal
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
Live Breakouts Feed
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BUD Stock Analysis
Bull/bear thesis, analyst target revisions, and earnings execution.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
24+ years return with dividends reinvested.
Peer Comparison
Compare growth, multiples, and margins vs sector.
BUD — Frequently Asked Questions
Quick answers to the most common questions about buying BUD stock.
Is BUD's revenue growth accelerating or slowing?
BUD revenue growth is holding steady at +6.4% year-over-year. TTM revenue is $122.4B. The current growth rate closely tracks the 5-year CAGR of +4.8%, signalling consistent execution.
What is BUD's revenue history from 2002 to 2026?
Anheuser-Busch InBev SA/NV (BUD) revenue history spans 2002 to 2026. TTM revenue as of 2026 is $122.4B, growing at +6.4% YoY. The 5-year CAGR is +4.8%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is BUD's long-term revenue growth rate (CAGR)?
Anheuser-Busch InBev SA/NV's 5-year revenue CAGR of +4.8% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +6.4% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for BUD.
Why does BUD's quarterly revenue fluctuate?
BUD quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Anheuser-Busch InBev SA/NV's revenue data from 2002 to 2026 shows full historical quarterly detail on this page.
How is BUD's revenue distributed by segment?
BUD reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does BUD's revenue compare to industry peers?
Anheuser-Busch InBev SA/NV (BUD) with TTM revenue of $122.4B and +6.4% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.