Filing Flows › Anheuser-Busch InBev SA (BUD) › FY2024
Anheuser-Busch InBev SA (BUD) FY2024 earnings results (fiscal 2024)
20-F filed Mar 12, 2025
Anheuser-Busch InBev SA (BUD) reported revenue of $59.8B for the fiscal 2024 (FY2024), +0.7% from a year earlier. Operating margin was 25.9%, net earnings $5.9B (9.8% of revenue).
Anheuser-Busch InBev SA, FY2024: revenue $59.8B (+0.7% year over year), operating margin 25.9%, net earnings $5.9B, operating cash flow $15.1B. The chart follows the revenue to costs, profit and cash.
| FY2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $59.8B | — | +0.7% |
| Gross profit | $33.0B | — | +3% |
| Operating profit | $15.5B | — | +11% |
| Net earnings | $5.9B | — | +10% |
| Operating cash flow | $15.1B | — | +13% |
| Free cash flow | $11.2B | — | +30% |
What changed
Revenue was $59.8B in FY2024, up 1% year over year.
Gross margin was 55.3%, up 1.4 points from FY2023. Operating profit was $15.5B, a 25.9% margin (up 2.4 points year over year). Of the extra revenue versus FY2023, 392% reached operating profit, above the 24% margin then. Operating expenses fell 3% while revenue rose 1%. Net earnings were $5.9B, up 10% year over year. The effective tax rate was 29.8%.
Operating cash flow was $15.1B (up 13% year over year), 203% of net income including minority interests. Non-cash charges added back $5.5B of depreciation and amortization and $0.64B of share-based compensation. Working capital and other items added $1.5B. Capital expenditures of $3.9B left free cash flow of $11.2B.
Questions
What was Anheuser-Busch InBev SA's revenue in the fiscal 2024?
Anheuser-Busch InBev SA (BUD) reported revenue of $59.8B for the fiscal 2024 (FY2024), +0.7% from a year earlier.
Was Anheuser-Busch InBev SA profitable in the fiscal 2024?
Operating profit was $15.5B (25.9% of revenue) and net earnings $5.9B.