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

Anheuser-Busch InBev SA/NV (NYSE:BUD) issued its earnings results on Thursday. The consumer goods maker reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.07, Zacks reports. Anheuser-Busch InBev SA/NV had a net margin of 14.90% and a return on equity of 16.42%. The business had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.27 billion. During the same quarter in the prior year, the business posted $0.99 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis.

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 Performance

NYSE BUD traded up $0.78 during trading hours on Friday, hitting $80.30. The company had a trading volume of 2,007,926 shares, compared to its average volume of 2,127,951. The company has a quick ratio of 0.50, a current ratio of 0.66 and a debt-to-equity ratio of 0.68. The firm has a market cap of $162.14 billion, a P/E ratio of 17.01, a price-to-earnings-growth ratio of 1.17 and a beta of 0.57. Anheuser-Busch InBev SA/NV has a fifty-two week low of $59.90 and a fifty-two week high of $86.60. The business has a fifty day simple moving average of $78.83 and a 200-day simple moving average of $77.68.

Anheuser-Busch InBev SA/NV News Summary

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

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. Underlying EPS rose 22% year over year to $1.21, beating the $1.14 consensus estimate, while revenue increased 9.1% to $16.51 billion versus expectations of $16.27 billion. AB InBev Q3 Earnings Beat Estimates on Revenue Growth and Premiumization
• Positive Sentiment: Premiumization and brand strength are driving growth. Higher revenue per hectoliter, resilient megabrands and digital platforms helped offset pressure in some markets. Non-beer volumes rose 4%, contributing to a 0.4% increase in total volumes. Budweiser Brewer AB InBev’s Alternative Drinks Help Steady Slide in Beer Volumes
• Positive Sentiment: Shareholder returns received a boost. The board approved an interim dividend of €0.40 per share, payable in November, reinforcing the investment case for income-oriented investors. AB InBev Interim Dividend Approval
• Neutral Sentiment: Analyst sentiment remains favorable. Deutsche Bank maintained its Buy rating, while Zacks ranked BUD among its top value stocks. Erste Group also issued its FY2026 earnings estimate. Deutsche Bank Maintains Buy Rating
• Negative Sentiment: Regional weakness and margin pressure remain risks. China and other markets continue to weigh on performance, while higher costs and increased marketing investment are squeezing margins. Lower interest expense and share buybacks also contributed to EPS growth, potentially limiting the underlying operating leverage. AB InBev EPS Growth as China Slides

Analysts Set New Price Targets

Several brokerages have issued reports on BUD. Bank of America restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, September 24th. TD Cowen decreased their target price on Anheuser-Busch InBev SA/NV from $89.00 to $85.00 and set a “hold” rating for the company in a research report on Tuesday, October 13th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a 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. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, September 24th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Moderate Buy” and an average price target of $87.83.

Anheuser-Busch InBev SA/NV Company Profile

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.