Filing Flows › Anheuser-Busch InBev SA (BUD) › Q1 2025
Anheuser-Busch InBev SA (BUD) Q1 2025 earnings results (first quarter 2025)
6-K filed May 8, 2025
Anheuser-Busch InBev SA (BUD) reported revenue of $14.5B for the first quarter 2025 (Q1 2025), +7% from a year earlier. Operating margin was 2.0%, net earnings $1.1B (7.5% of revenue).
Anheuser-Busch InBev SA, Q1 2025: revenue $14.5B (+7% year over year), operating margin 2.0%, net earnings $1.1B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.5B | — | +7% |
| Gross profit | $7.9B | — | +4% |
| Operating profit | $297M | — | -80% |
| Net earnings | $1.1B | — | -49% |
What changed
Revenue was $14.5B in Q1 2025, up 7% year over year.
Gross margin was 54.3%, down 1.4 points from a year earlier. Operating profit was $0.30B, a 2.0% margin (down 8.8 points year over year). Operating profit fell $1.2B even though revenue rose $0.92B versus a year earlier, so costs grew faster than sales. Operating expenses grew 25% against revenue growth of 7%. Net earnings were $1.1B, down 49% year over year. The tax line was a benefit of $0.79B on pre-tax earnings of $0.30B.
Questions
What was Anheuser-Busch InBev SA's revenue in the first quarter 2025?
Anheuser-Busch InBev SA (BUD) reported revenue of $14.5B for the first quarter 2025 (Q1 2025), +7% from a year earlier.
Was Anheuser-Busch InBev SA profitable in the first quarter 2025?
Operating profit was $297M (2.0% of revenue) and net earnings $1.1B.