Filing Flows › Anheuser-Busch InBev SA (BUD) › Q3 2026 › vs Q2 2026
Anheuser-Busch InBev SA (BUD) Q3 2026 vs Q2 2026 (quarter over quarter)
Anheuser-Busch InBev SA's revenue fell $148M (-0.9%) from $16.7B in Q2 2026 to $16.5B in Q3 2026. Gross margin 56.3% against 57.5% (-1.2 pts).
Anheuser-Busch InBev SA, Q3 2026: revenue $16.5B (+9% year over year), operating margin 15.4%, net earnings $1.6B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 56.3% | 57.5% | -1.2 pts |
| Operating margin | 15.4% | 28.0% | -12.6 pts |
| Net margin | 9.7% | 22.5% | -12.8 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $16.5B | $16.7B | −$148M | -0.9% |
| Gross profit | $9.3B | $9.6B | −$277M | -3% |
| Cost of revenue | $7.2B | $7.1B | $129M | +2% |
| Operating profit | $2.5B | $4.7B | −$2.1B | -45% |
| Operating expenses | $6.8B | $4.9B | $1.8B | +38% |
| Pre-tax earnings | $2.5B | $4.7B | −$2.1B | -45% |
| Net earnings | $1.6B | $3.8B | −$2.2B | -57% |
| Income tax | $952M | $918M | $34.0M | +4% |
Questions
How much did Anheuser-Busch InBev SA's revenue grow quarter over quarter in Q3 2026?
Anheuser-Busch InBev SA's revenue fell $148M (-0.9%) from $16.7B in Q2 2026 to $16.5B in Q3 2026. Gross margin 56.3% against 57.5% (-1.2 pts).