Anheuser-Busch InBev SA/NV (BUD) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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BUD Revenue Growth
Revenue Breakdown (FY 2020)
BUD's revenue distribution by segment and geography for fiscal year 2020
By Product/Segment
By Geography
BUD Revenue Analysis (2013–2024)
As of May 8, 2026, Anheuser-Busch InBev SA/NV (BUD) generated trailing twelve-month (TTM) revenue of $119.82 billion, reflecting modest growth of +0.4% year-over-year. The most recent quarter (Q2 2025) recorded $30.01 billion in revenue, up 0.4% sequentially.
Looking at the longer-term picture, BUD's 5-year compound annual growth rate (CAGR) stands at +2.7%, indicating moderate growth over time. The company achieved its highest annual revenue of $59.77 billion in 2024, representing a new all-time high.
Revenue diversification analysis shows BUD's business is primarily driven by transportation services, lease agreements and advertising services (100%). With over half of revenue concentrated in transportation services, lease agreements and advertising services, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Defensive sector peers including TAP (-1.3% YoY), SAM (+2.7% YoY), and ABEV (-3.8% YoY), BUD has underperformed the peer group in terms of 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 | $119.8B | +0.4% | +2.7% | 25.9% | |
 TAP | $11.1B | -1.3% | +2.9% | -21.0% | |
 SAM | $2.1B | +2.7% | +3.7% | 6.9% | |
 ABEV | $88.2B | -3.8% | +8.6% | 25.3% | |
 STZ | $10.2B | -7.9% | +4.1% | 35.5% | |
 DEO | $20.2B | -4.2% | +11.5% | 21.4% |
BUD Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 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% |
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's revenue growth accelerating or slowing?
BUD revenue growth slowed to +0.4%, below the 5-year CAGR of +2.7%. TTM revenue is $119.8B. The deceleration marks a shift from historical growth rates.
What is BUD's long-term revenue growth rate?
Anheuser-Busch InBev SA/NV's 5-year revenue CAGR of +2.7% reflects the variable expansion pattern. Current YoY growth of +0.4% is near this long-term average.
How is BUD's revenue distributed by segment?
BUD reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.