Filing Flows › Anheuser-Busch InBev SA (BUD) › Q2 2025
Anheuser-Busch InBev SA (BUD) Q2 2025 earnings results (second quarter 2025)
6-K filed Jul 31, 2025
Anheuser-Busch InBev SA (BUD) reported revenue of $29.9B for the second quarter 2025 (Q2 2025), +4% from a year earlier and +105% from the quarter before. Operating margin was 7.4%, net earnings $1.5B (4.9% of revenue).
Anheuser-Busch InBev SA, Q2 2025: revenue $29.9B (+4% year over year), operating margin 7.4%, net earnings $1.5B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $29.9B | +105% | +4% |
| Gross profit | $8.6B | +9% | +1% |
| Operating profit | $2.2B | +649% | -8% |
| Net earnings | $1.5B | +35% | -12% |
What changed
Revenue was $29.9B in Q2 2025, up 4% year over year and up 105% from the previous quarter.
Gross margin was 28.7%, down 0.8 points from a year earlier. Operating profit was $2.2B, a 7.4% margin (down 1.0 points year over year). Operating profit fell $0.19B even though revenue rose $1.2B versus a year earlier, so costs grew faster than sales. Operating expenses grew 5% against revenue growth of 4%. Net earnings were $1.5B, down 12% year over year. The effective tax rate was 33.8%.
Questions
What was Anheuser-Busch InBev SA's revenue in the second quarter 2025?
Anheuser-Busch InBev SA (BUD) reported revenue of $29.9B for the second quarter 2025 (Q2 2025), +4% from a year earlier and +105% from the quarter before.
Was Anheuser-Busch InBev SA profitable in the second quarter 2025?
Operating profit was $2.2B (7.4% of revenue) and net earnings $1.5B.