Anheuser-Busch InBev SA/NV BUDFF
Annual
Quarterly
FY2025 · ended Dec 31, 2025 · Revenue $59.32B, -0.7% YoY · Filed Mar 3, 2026
Anheuser-Busch InBev SA/NV (BUD) files with the SEC under industry code 2082, Malt Beverages. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $59.3 billion and net income of $8.5 billion. Free cash flow was $11.2 billion. As of Dec 31, 2025 it held $11.6 billion in cash and investments and $73.0 billion in total debt.
Revenue
$59.32B
-0.7% vs prior year
Net income
$8.48B
+14.3% vs prior year
Operating cash flow
$14.88B
-1.1% vs prior year
Free cash flow
$11.23B
+0.3% vs prior year
EPS
$3.39
+18.5% vs prior year
Dividend per share
None
Shares outstanding
1.80B
+0.0% vs prior year
Net cash
$-61.38B
FY 2025
Operating margin
26.0%
FY 2025
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
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| 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 |
|---|---|---|---|---|---|
| Revenue | $59.3B | $59.8B | $59.4B | $57.8B | $54.3B |
| Operating income | $15.4B | $15.5B | $14.0B | $14.5B | $13.8B |
| Net income | $8.5B | $7.4B | $6.9B | $7.6B | $6.1B |
| Diluted EPS | $3.39 | $2.86 | $2.60 | $2.91 | $2.28 |
| Operating cash flow | $14.9B | $15.1B | $13.3B | $13.3B | $14.8B |
| Free cash flow | $11.2B | $11.2B | $8.6B | $8.1B | $9.2B |
| Total assets | $218.8B | $206.6B | $219.3B | $212.9B | $217.6B |
| Stockholders' equity | $97.7B | $88.7B | $92.7B | $84.3B | $79.3B |
| Cash and investments | $11.6B | $11.2B | $10.3B | $10.0B | $12.1B |
| Total debt | $73.0B | — | — | — | — |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 6-K | Current report (foreign issuer) | Oct 29, 2026 | Oct 29, 2026 |
| 6-K | Current report (foreign issuer) | Oct 29, 2026 | Oct 29, 2026 |
| 6-K | Current report (foreign issuer) | Jul 30, 2026 | Jun 30, 2026 |
| 6-K | Current report (foreign issuer) | Jul 30, 2026 | Jul 30, 2026 |
| 6-K | Current report (foreign issuer) | Jun 16, 2026 | Jun 16, 2026 |
| 6-K | Current report (foreign issuer) | May 14, 2026 | May 14, 2026 |
All 369 Anheuser-Busch InBev SA/NV SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.