Anheuser-Busch InBev SA/NV
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $59.32B | $59.77B | $59.38B | $57.79B | $54.30B | $46.88B | $52.33B | $53.04B |
| Cost of Revenue | $26.14B | $26.74B | $27.40B | $26.31B | $23.10B | $19.63B | $20.36B | $19.93B |
| Gross Profit | $33.18B | $33.02B | $31.98B | $31.48B | $31.21B | $27.25B | $31.97B | $33.11B |
| Gross Margin | 55.9% | 55.3% | 53.9% | 54.5% | 57.5% | 58.1% | 61.1% | 62.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $15.41B | $15.49B | $13.97B | $14.52B | $13.82B | $9.62B | $16.10B | $16.41B |
| Operating Margin | 26.0% | 25.9% | 23.5% | 25.1% | 25.5% | 20.5% | 30.8% | 30.9% |
| Interest Expense | — | $3.44B | $3.70B | $3.59B | $3.67B | $-4.00B | $4.17B | $4.14B |
| Pretax Income | $11.33B | $10.57B | $9.12B | $9.52B | $8.46B | $2.08B | $12.78B | $7.74B |
| Income Tax Expense | $2.85B | $3.15B | $2.23B | $1.93B | $2.35B | $1.93B | $2.79B | $2.59B |
| Net Income | $6.84B | $5.86B | $5.34B | $5.97B | $4.67B | $1.41B | $9.17B | $4.37B |
| Net Margin | 11.5% | 9.8% | 9.0% | 10.3% | 8.6% | 3.0% | 17.5% | 8.2% |
| EPS (Basic) | $3.45 | $2.92 | $2.65 | $2.97 | $2.33 | $0.70 | $4.62 | $2.21 |
| EPS (Diluted) | $3.39 | $2.86 | $2.60 | $2.91 | $2.28 | $0.69 | $4.53 | $2.17 |
| Shares Outstanding (Basic) | 1.80B | 1.80B | 1.74B | 1.74B | 1.74B | 1.69B | 1.69B | 1.69B |
| Shares Outstanding (Diluted) | 1.80B | 1.80B | 1.74B | 1.74B | 1.74B | 1.69B | 1.69B | 1.69B |
| Dividends Per Share | — | — | — | — | — | — | — | — |