Filing Flows › Anheuser-Busch InBev SA (BUD) › Operating margin
Anheuser-Busch InBev SA (BUD) operating margin by quarter
Anheuser-Busch InBev SA's operating margin was 6.2% in Q2 2026 (second quarter 2026), -4.7 pts from Q1 2026. Over the last 5 quarters it ranged from 2.0% (Q1 2025) to 10.9% (Q1 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q2 2026 | 6.2% | -4.7 pts | -1.2 pts |
| Q1 2026 | 10.9% | +8.4 pts | +8.8 pts |
| Q4 2025 | 2.5% | -4.9 pts | — |
| Q2 2025 | 7.4% | +5.4 pts | — |
| Q1 2025 | 2.0% | — | — |
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 operating margin?
Anheuser-Busch InBev SA's operating margin was 6.2% in Q2 2026 (second quarter 2026), -4.7 pts from Q1 2026.
How has Anheuser-Busch InBev SA's operating margin changed?
Over the last 5 quarters it ranged from 2.0% (Q1 2025) to 10.9% (Q1 2026).
Q2 2026 results → · How Anheuser-Busch InBev SA makes money →