Anheuser-Busch InBev SA/NV revenue by segment BUD

Annual Quarterly

Anheuser-Busch InBev SA/NV splits its revenue into 2 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was Beer Business at $53.0 billion, 89% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
FY 2020
Dec 31, 2020
FY 2019
Dec 31, 2019
FY 2018
Dec 31, 2018
FY 2017
Dec 31, 2017
Revenue
59,320
59,768
59,380
57,786
54,304
46,881
52,329
53,041
54,859
Beer Business
53,050
-1.1%
share 89.4%
53,655
-0.4%
share 89.8%
53,865
+4.5%
share 90.7%
51,544
+4.5%
share 89.2%
49,333
+14.6%
share 90.8%
43,044
-10.3%
share 91.8%
47,984
share 91.7%
—
—
Non Beer Business
6,269
+2.5%
share 10.6%
6,114
+10.9%
share 10.2%
5,515
-11.6%
share 9.3%
6,242
+25.6%
share 10.8%
4,971
+29.6%
share 9.2%
3,837
-11.7%
share 8.2%
4,345
share 8.3%
—
—
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. More on our methodology.

Company profile

Industry
Malt Beverages (SIC 2082)
Listed as
BUD (NYSE), BUDFF (OTC)
Fiscal year ends
December 31
Incorporated in
Belgium
Headquarters
Leuven
SEC filer status
Large accelerated filer
SEC CIK
1668717
Former names
Newbelco SA/NV (until Oct 4, 2016)

Other Malt Beverages companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.