MARKETS / NYSE / BUD
NYSE · MALT BEVERAGES · LARGE CAP

Anheuser-Busch InBev Sa/nv BUD

11 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$59.3B
▼ 0.7% vs FY2024
EPS · FY25
$3.39
Dividend / sh · FY25
Payout · FY25
66%
ROE · FY25
8.3%
Net margin · FY25
11.5%
Dividend coverage
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Result
USD 59.3B
Revenue, FY2025 · full 11-year series below
Revenue Net income
20406059.36.820152018202120242025
20406059.36.82016201920222025

12 cents of every revenue dollar became profit this year.

Per share
USD 3.39
Diluted EPS, FY2025
EPS
2463.3920152018202120242025
2463.392016201920222025

The company pays no cash dividend.

Profitability
8.3%
Return on equity, FY2025
ROE
4812168.3%20152018202120242025
4812168.3%2016201920222025
Operating margin26.0%
Net margin11.5%
Return on assets3.2%

Each USD of equity produced 8 cents of profit this year.

Returned to shareholders
USD 6.8B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 4.5B
Net buybacksUSD 2.3B
Share of profit100.1%
Consecutive raises

USD 4.5B in dividends and USD 2.3B in buybacks — 100% of the year's profit, so the payout drew on cash built up earlier.

Growth
+4.8% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+0.9%
+4.8%
+3.3%
Net income
+4.6%
+37.2%
−1.9%
EPS, diluted
+5.2%
+37.5%
−3.7%
Returned to shareholders
+41.0%
+30.6%
−2.7%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
2.02B
Shares outstanding, FY2025
2.022.0220152018202120242025
2.022.022016201920222025
Change, 5 years+0.0%
Change, 10 years

The share count grew 0% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 218.8B
total assets, end of FY2025
Total assetsUSD 218.8B
EquityUSD 87.3B
CashUSD 11.6B
Gross debtUSD 73.0B
Net debtUSD 61.4B
Current ratio0.72×

Net debt stands at 70% of equity.

History
11 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Revenue $B
59.3
59.8
59.4
57.8
54.3
46.9
52.3
53.0
54.9
45.5
43.1
Operating income $B
15.4
15.5
14.0
14.5
13.8
9.6
16.1
16.4
16.5
12.9
13.9
EBITDA $B
·
·
·
·
·
·
·
·
·
·
·
Income tax $B
2.9
3.2
2.2
1.9
2.4
1.9
2.8
2.6
1.7
1.6
2.6
Net income $B
6.8
5.9
5.3
6.0
4.7
1.4
9.2
4.4
8.0
1.2
8.3
EPS, diluted $
3.39
2.86
2.60
2.91
2.28
0.69
4.53
2.17
3.98
0.71
4.96
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
Payout %
66
46
56
41
51
128
55
178
116
681
96
ROE %
8.3
7.3
6.9
8.4
6.8
2.0
13.1
6.4
11.1
1.7
·
Shares out B
2.02
2.02
2.02
2.02
2.02
2.02
2.02
2.02
2.02
2.02
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
30 of 31
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 1 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed