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Anheuser-Busch InBev

BUD · Consumer Staples

Last earnings Oct 29, 2026

Key results

Revenuequarter

10.7%

This represented an increase of USD 4,675 million, or 10.7% compared to our consolidated revenue for the nine-month period ended 30 September 2025 of USD 43,764 million.

SEC original ↗Anheuser-Busch InBev — Earnings release (6-K exhibit)EX-99Oct 29, 2026

revenue increased by 5.4% and by 4.3% on a per hectoliter basis in the nine-month period ended 30 September 2026 compared to the nine-month period ended 30 September 2025, driven by the volume growth discussed above as well as revenue growth management and positive mix from premiumization and Beyond Beer.

SEC original ↗Anheuser-Busch InBev — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Operating incomequarter

9.2%

operating income decreased by 9.2%, mainly impacted by lower disposals of non-core assets in the nine-month period ended 30 September 2026 compared to the same period last year.

SEC original ↗Anheuser-Busch InBev — Earnings release (6-K exhibit)EX-99Oct 29, 2026

-11- Excluding the impact from the year-over-year price growth in Argentina beyond the Hyperinflationary Price Cap, the 2025 and 2026 acquisitions and disposals, changes in classification and currency translation effects, our profit from operations increased by 7.4% driven by revenue growth, partially offset by transactional FX headwinds and commodities cost increase as well as increased sales and marketing investments.

SEC original ↗Anheuser-Busch InBev — Earnings release (6-K exhibit)EX-99Oct 29, 2026

AI analysis

Latest earnings event · reported Oct 29, 2026

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Headline figures

MetricLatest earnings eventPrior qtrYear ago
Revenue10.7%5.7%—
Operating income9.2%9.7%—

EX-99 · Oct 29, 2026

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Basic earnings per share of USD 4.01 for the nine-month period ended 30 September 2026 is based on 1,973 million shares outstanding, representing the weighted average number of ordinary and restricted shares outstanding during this period, where weighted average number of ordinary and restricted shares means, for any period, the number of shares outstanding at the beginning of the period, adjusted by the number of shares canceled, repurchased or issued during the period, including deferred share instruments and stock lending, multiplied by a time-weighting factor.

-15- Recent events Interim dividend On 28 October 2026, the AB InBev Board of Directors approved an interim dividend of EUR 0.40 per share for the fiscal year 2026.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

This document does not update or otherwise supplement the information contained in the previously published results announcement and unaudited interim report

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

Basic earnings per share of USD 4.01 for the nine-month period ended 30 September 2026 is based on 1,973 million shares outstanding, representing the weighted average number of ordinary and restricted shares outstanding during this period, where weighted average number of ordinary and restricted shares means, for any period, the number of shares outstanding at the beginning of the period, adjusted by the number of shares canceled, repurchased or issued during the period, including deferred share instruments and stock lending, multiplied by a time-weighting factor.

SEC original ↗Anheuser-Busch InBev — Earnings release (6-K exhibit)EX-99Oct 29, 2026

-15- Recent events Interim dividend On 28 October 2026, the AB InBev Board of Directors approved an interim dividend of EUR 0.40 per share for the fiscal year 2026.

SEC original ↗Anheuser-Busch InBev — Earnings release (6-K exhibit)EX-99Oct 29, 2026

In line with the company s financial discipline and deleveraging objectives, the interim dividend balances the company s capital allocation priorities and dividend policy while returning cash to shareholders.

SEC original ↗Anheuser-Busch InBev — Earnings release (6-K exhibit)EX-99Oct 29, 2026

dollar, our reporting currency), commodity risk, asset price risk, equity market risk, counterparty risk, sovereign risk, liquidity risk, inflation or deflation, including inability to achieve our optimal net debt level; changes in government policies and currency controls; continued availability of financing and our ability to achieve our targeted coverage and debt levels and terms, including the risk of constraints on financing in the event of a credit rating downgrade; the monetary and interest rate policies of central banks, in particular the European Central Bank, the Board of Governors of the U.

SEC original ↗Anheuser-Busch InBev — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Strategy & priorities

Some of the information contained in this discussion, including information with respect to our plans and strategies for our business and our expected sources of financing, contain forward-looking statements that involve risks and uncertainties.

SEC original ↗Anheuser-Busch InBev — Earnings release (6-K exhibit)EX-99Oct 29, 2026

We also invest in marketing that aims to reinforce positive behaviors, and we work with communities, customers, and partners to promote responsible consumption through evidence-based initiatives.

SEC original ↗Anheuser-Busch InBev — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Consistent execution of our strategy and increased portfolio power drove record high third quarter volumes for our business.

SEC original ↗Anheuser-Busch InBev — Earnings release (6-K exhibit)EX-99Oct 29, 2026

While our overall results were below potential, we saw progress in areas of strategic focus.

SEC original ↗Anheuser-Busch InBev — Earnings release (6-K exhibit)EX-99Oct 29, 2026

In line with the company s financial discipline and deleveraging objectives, the interim dividend balances the company s capital allocation priorities and dividend policy while returning cash to shareholders.

SEC original ↗Anheuser-Busch InBev — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Risks & headwinds

Some of the information contained in this discussion, including information with respect to our plans and strategies for our business and our expected sources of financing, contain forward-looking statements that involve risks and uncertainties.

SEC original ↗Anheuser-Busch InBev — Earnings release (6-K exhibit)EX-99Oct 29, 2026

These statements are subject to certain risks and uncertainties.

SEC original ↗Anheuser-Busch InBev — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Actual results may differ materially from those suggested by these statements due to, among others, the risks or uncertainties listed below.

SEC original ↗Anheuser-Busch InBev — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Risk Factors of our 2025 Annual Report for further discussion of risks and uncertainties that could impact our business.

SEC original ↗Anheuser-Busch InBev — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Rather, they are based on current views and assumptions and involve known and unknown risks, uncertainties and other factors, many of which are outside our control and are difficult to predict, that may cause actual results or developments to differ materially from any future results or developments expressed or implied by the forward-looking statements.

SEC original ↗Anheuser-Busch InBev — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Many of these risks and uncertainties are, and will be, exacerbated by geopolitical instability and unpredictability and any worsening of the global business and economic environment as a result.

SEC original ↗Anheuser-Busch InBev — Earnings release (6-K exhibit)EX-99Oct 29, 2026

What changed vs prior quarter

Revenue — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Anheuser-Busch InBev — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Operating income — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Anheuser-Busch InBev — Earnings release (6-K exhibit)EX-99Oct 29, 2026

Documents

Earnings deck slides

0 decks with slide view

Anheuser-Busch InBev — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Anheuser-Busch InBev — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Anheuser-Busch InBev — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Anheuser-Busch InBev — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Anheuser-Busch InBev — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

British American Tobacco (BTI) Consumer StaplesJBS N.V. (JBS) Consumer StaplesAltria (MO) Consumer StaplesCostco (COST) Consumer StaplesSanfilippo John B & Son Inc. (JBSS) Consumer StaplesPhilip Morris International (PM) Consumer StaplesDollar General (DG) Consumer StaplesFEMSA (FMX) Consumer Staples

Filings

67 documents

Earnings releases

26 documents

Presentations

5 documents

Transcripts

0 documents

No transcripts for Anheuser-Busch InBev are held in this edition of the library.

Mentioned by

1 company

Other tracked companies whose held documents mention Anheuser-Busch InBev by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.