Filing Flows › Anheuser-Busch InBev SA (BUD) › Q2 2026 › vs Q2 2025
Anheuser-Busch InBev SA (BUD) Q2 2026 vs Q2 2025 (year over year)
Anheuser-Busch InBev SA's revenue fell $1.7B (-10%) from $16.7B in Q2 2025 to $15.0B in Q2 2026. Gross margin 56.3% against 57.5% (-1.2 pts).
Anheuser-Busch InBev SA, Q2 2026: revenue $15.0B (-10% year over year), operating margin 6.2%, net earnings $1.7B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 56.3% | 57.5% | -1.2 pts |
| Operating margin | 6.2% | 17.0% | -10.8 pts |
| Net margin | 11.2% | 22.5% | -11.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $15.0B | $16.7B | −$1.7B | -10% |
| Gross profit | $8.4B | $9.6B | −$1.1B | -12% |
| Cost of revenue | $6.6B | $7.1B | −$523M | -7% |
| Operating profit | $935M | $2.8B | −$1.9B | -67% |
| Operating expenses | $7.5B | $6.7B | $765M | +11% |
| Pre-tax earnings | $935M | $2.8B | −$1.9B | -67% |
| Income tax benefit | $741M | $918M | −$177M | -19% |
| Net earnings | $1.7B | $3.8B | −$2.1B | -55% |
Questions
How much did Anheuser-Busch InBev SA's revenue grow year over year in Q2 2026?
Anheuser-Busch InBev SA's revenue fell $1.7B (-10%) from $16.7B in Q2 2025 to $15.0B in Q2 2026. Gross margin 56.3% against 57.5% (-1.2 pts).