Filing Flows › Anheuser-Busch InBev SA (BUD) › Q2 2026 › vs Q1 2026
Anheuser-Busch InBev SA (BUD) Q2 2026 vs Q1 2026 (quarter over quarter)
Anheuser-Busch InBev SA's revenue rose $1.4B (+10%) from $13.6B in Q1 2026 to $15.0B in Q2 2026. Gross margin 56.3% against 55.6% (+0.6 pts).
Anheuser-Busch InBev SA, Q2 2026: revenue $15.0B, operating margin 6.2%, net earnings $1.7B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 56.3% | 55.6% | +0.6 pts |
| Operating margin | 6.2% | 10.9% | -4.7 pts |
| Net margin | 11.2% | 15.8% | -4.6 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $15.0B | $13.6B | $1.4B | +10% |
| Gross profit | $8.4B | $7.6B | $863M | +11% |
| Cost of revenue | $6.6B | $6.0B | $513M | +8% |
| Operating profit | $935M | $1.5B | −$549M | -37% |
| Operating expenses | $7.5B | $6.1B | $1.4B | +23% |
| Pre-tax earnings | $935M | $1.5B | −$549M | -37% |
| Income tax benefit | $741M | $664M | $77.0M | +12% |
| Net earnings | $1.7B | $2.1B | −$472M | -22% |
Questions
How much did Anheuser-Busch InBev SA's revenue grow quarter over quarter in Q2 2026?
Anheuser-Busch InBev SA's revenue rose $1.4B (+10%) from $13.6B in Q1 2026 to $15.0B in Q2 2026. Gross margin 56.3% against 55.6% (+0.6 pts).