Filing Flows › Anheuser-Busch InBev SA (BUD) › Q4 2025
Anheuser-Busch InBev SA (BUD) Q4 2025 earnings results (fourth quarter 2025)
6-K filed Feb 13, 2026
Anheuser-Busch InBev SA (BUD) reported revenue of $14.8B for the fourth quarter 2025 (Q4 2025), -5% from a year earlier. Operating margin was 2.5%, net earnings $1.2B (8.2% of revenue).
Anheuser-Busch InBev SA, Q4 2025: revenue $14.8B (-5% year over year), operating margin 2.5%, net earnings $1.2B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.8B | — | -5% |
| Gross profit | $8.2B | — | -5% |
| Operating profit | $372M | — | -70% |
| Net earnings | $1.2B | — | -38% |
What changed
Revenue was $14.8B in Q4 2025, down 5% year over year.
Gross margin was 55.2%, down 0.1 points from a year earlier. Operating profit was $0.37B, a 2.5% margin (down 5.5 points year over year). Operating expenses grew 6% against a revenue fall of 5%. Net earnings were $1.2B, down 38% year over year. The tax line was a benefit of $0.85B on pre-tax earnings of $0.37B.
Questions
What was Anheuser-Busch InBev SA's revenue in the fourth quarter 2025?
Anheuser-Busch InBev SA (BUD) reported revenue of $14.8B for the fourth quarter 2025 (Q4 2025), -5% from a year earlier.
Was Anheuser-Busch InBev SA profitable in the fourth quarter 2025?
Operating profit was $372M (2.5% of revenue) and net earnings $1.2B.