Anheuser-Busch InBev SA/NV (NYSE:BUD) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Anheuser-Busch InBev SA/NV (NYSE:BUD) announced its earnings results on Thursday. The consumer goods maker reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.07, Zacks reports. Anheuser-Busch InBev SA/NV had a net margin of 15.42% and a return on equity of 12.96%. The business had revenue of $16.51 billion during the quarter, compared to the consensus estimate of $16.59 billion. Anheuser-Busch InBev SA/NV’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 earnings per share.

Here are the key takeaways from Anheuser-Busch InBev SA/NV’s conference call:

• Revenue rose 4.9% and underlying EPS increased 22% to $1.21 in Q3, while volumes grew for a third consecutive quarter and EBITDA increased 3.9%. Management maintained its 2026 outlook, citing disciplined revenue and cost management despite commodity pressures and higher brand investment.
• Growth was broad across key markets, with particularly strong performances in Mexico, Colombia, Brazil, South Africa, and the U.S. The company reported share gains in U.S. beer and total alcohol, while its Beyond Beer portfolio grew revenue in the low teens.
• Growth platforms continued to outperform: mega-brand revenue increased 7.7%, non-alcohol beer revenue rose 35%, and third-party products on the BEES marketplace grew 45% to $1.4 billion in GMV. Management said these areas are attracting new consumers and occasions and remain important long-term growth engines.
• China remained a significant weakness, with revenue and volumes down 16.8% amid an industry decline, abnormal weather, on-premise softness, and inventory reductions. Management expects inventories to normalize by year-end and said market-share trends are improving, but acknowledged that performance remains below potential.
• Strong cash generation and balance-sheet flexibility supported an interim dividend increase to €0.40 per share from €0.15 last year, alongside continued execution of the $6 billion share-buyback program, of which $2.6 billion has been completed.

Anheuser-Busch InBev SA/NV Stock Up 1.0%

NYSE BUD traded up $0.78 on Friday, hitting $80.30. 2,007,927 shares of the company were exchanged, compared to its average volume of 2,128,480. The company has a market cap of $162.15 billion, a PE ratio of 16.06, a PEG ratio of 1.14 and a beta of 0.57. Anheuser-Busch InBev SA/NV has a 12 month low of $59.90 and a 12 month high of $86.60. The stock has a fifty day moving average of $78.88 and a 200-day moving average of $77.75. The company has a current ratio of 0.66, a quick ratio of 0.50 and a debt-to-equity ratio of 0.68.

Analyst Ratings Changes

A number of analysts have commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 24th. UBS Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 24th. Bank of America reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, September 24th. Weiss Ratings upgraded Anheuser-Busch InBev SA/NV from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. Finally, Barclays restated a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, September 29th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $87.83.

Key Anheuser-Busch InBev SA/NV News

Here are the key news stories impacting Anheuser-Busch InBev SA/NV this week:

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. Anheuser-Busch InBev reported adjusted EPS of $1.21, up from $0.99 a year earlier and above the $1.14 analyst consensus. Revenue reached $16.51 billion versus expectations of $16.27 billion, with reported revenue growth of 4.9% and growth on a comparable basis also supported by higher revenue per hectoliter. AB InBev Q3 Earnings Beat Estimates on Revenue Growth and Premiumization
• Positive Sentiment: Premiumization and megabrands are supporting sales quality. Management highlighted strong performance from its global megabrands, premium products and digital platforms. Higher pricing and mix helped revenue growth even as overall beer consumption remained pressured. Non-beer volumes rose 4%, helping total volumes increase 0.4%. AB InBev Reports Third Quarter 2026 Results
• Positive Sentiment: Shareholder returns and analyst support provide additional sentiment. The board approved an interim dividend of €0.40 per share, payable November 23, while Deutsche Bank reiterated its Buy rating. Zacks also identifies BUD as a highly ranked value stock. Deutsche Bank Maintains Buy Rating
• Neutral Sentiment: The earnings increase was helped by lower interest costs and buybacks, meaning not all of the 22% underlying EPS growth came from operating performance. Erste Group also issued a fiscal-year 2026 EPS estimate, but the report did not indicate a major change to the investment outlook.
• Negative Sentiment: Regional weakness and margin pressure remain risks. China and other markets experienced weaker performance, while rising costs and increased marketing investment weighed on margins. Beer volumes remain challenged as health-conscious consumers reduce alcohol consumption, although alternative beverages are partly offsetting the decline. Alternative Drinks Help Steady Slide in Beer Volumes

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV is a global beverage company headquartered in Leuven, Belgium, and one of the world’s largest brewers. The company produces, markets and distributes beer and other alcoholic and nonalcoholic beverages through a portfolio of international, regional and local brands.

Its brand portfolio includes Budweiser, Bud Light, Corona, Stella Artois, Michelob ULTRA, Beck’s, Hoegaarden and Leffe. AB InBev also offers a range of zero-alcohol and other beverage products, while its operations include brewing, packaging, sales and distribution.

The company was formed through the combination of Belgium’s Interbrew and Brazil’s AmBev in 2004.