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Anheuser-Busch InBev SA (BUD) gross margin by quarter

Anheuser-Busch InBev SA's gross margin was 56.3% in Q2 2026 (second quarter 2026), +0.6 pts from Q1 2026. Over the last 5 quarters it ranged from 28.7% (Q2 2025) to 56.3% (Q2 2026).

Anheuser-Busch InBev SA gross margin by quarterAnheuser-Busch InBev SA gross margin by quarter54.3%Q1 202528.7%Q2 202555.2%Q4 202555.6%Q1 202656.3%Q2 2026
QuarterGross marginQ/QY/Y
Q2 202656.3%+0.6 pts+27.6 pts
Q1 202655.6%+0.4 pts+1.4 pts
Q4 202555.2%+26.6 pts—
Q2 202528.7%-25.6 pts—
Q1 202554.3%——

Q2 2026 at a glance

Anheuser-Busch InBev SA, Q2 2026: revenue $15.0B (-50% year over year), operating margin 6.2%, net earnings $1.7B. The chart follows the revenue to costs, profit and cash.

Questions

What is Anheuser-Busch InBev SA's gross margin?

Anheuser-Busch InBev SA's gross margin was 56.3% in Q2 2026 (second quarter 2026), +0.6 pts from Q1 2026.

How has Anheuser-Busch InBev SA's gross margin changed?

Over the last 5 quarters it ranged from 28.7% (Q2 2025) to 56.3% (Q2 2026).

Q2 2026 results → · How Anheuser-Busch InBev SA makes money →