FY2025 · period end Dec '25 · from the 10-K filed Mar 3, 2026
| Metric | FY25Dec '25 | FY24Dec '24 | FY23Dec '23 | FY22Dec '22 | FY21Dec '21 |
|---|---|---|---|---|---|
| Revenue | $59.32B | $59.77B | $59.38B | $57.79B | $54.30B |
| Gross Profit | $33.18B | $33.02B | $31.98B | $31.48B | $31.21B |
| Operating Income | $15.40B | $15.49B | $13.97B | $14.52B | $13.82B |
| Net Income | — | — | — | — | — |
| EPS (Diluted) | $3.39 | $2.86 | $2.60 | $2.91 | $2.28 |
| Metric | FY25Dec '25 | FY24Dec '24 | FY23Dec '23 | FY22Dec '22 | FY21Dec '21 |
|---|---|---|---|---|---|
| Total Assets | $218.81B | $206.64B | $219.34B | $212.94B | $217.63B |
| Total Liabilities | — | — | — | — | — |
| Stockholders' Equity | $97.74B | $88.70B | $92.68B | $84.28B | $79.34B |
| Cash & Equivalents | $11.64B | $11.17B | $10.33B | $9.97B | $12.10B |
| Total Debt | — | — | — | — | — |
| Metric | FY25Dec '25 | FY24Dec '24 | FY23Dec '23 | FY22Dec '22 | FY21Dec '21 |
|---|---|---|---|---|---|
| Operating Cash Flow | $14.88B | $15.05B | $13.27B | $13.30B | $14.80B |
| Capital Expenditures | $3.66B | $3.86B | $4.64B | $5.16B | $5.64B |
| Free Cash Flow | $11.23B | $11.19B | $8.63B | $8.14B | $9.16B |
| Metric | FY25Dec '25 | FY24Dec '24 | FY23Dec '23 | FY22Dec '22 | FY21Dec '21 |
|---|---|---|---|---|---|
| Gross Margin | 55.9% | 55.3% | 53.9% | 54.5% | 57.5% |
| Operating Margin | 0.3% | 0.3% | 0.2% | 0.3% | 0.3% |
| Net Margin | 0.5% | 0.5% | 0.5% | 0.5% | 0.5% |
| Return on Equity | 31.3% | 32.7% | 33.3% | 35.0% | 36.9% |
| Return on Assets | 13.7% | 13.9% | 13.6% | 13.3% | 13.1% |
| Debt / Equity | — | — | — | — | — |
Showing the most recent 5 annual periods. Get 15 years of history on the Pro plan, or unlimited history back to 1993 plus the smart-money dataset and webhooks on Institutional.
| Form | Accession ID | Report Date | Filing Date | Accepted At | Source |
|---|---|---|---|---|---|
| 20-F | 0001193125-26-088105 | Dec 31, 2025 | Mar 3, 2026 | Mar 3, 2026 21:02 UTC | EDGAR |
| 20-F | 0001193125-25-052976 | Dec 31, 2024 | Mar 12, 2025 | Mar 12, 2025 20:37 UTC | EDGAR |
| 20-F | 0001193125-24-064823 | Dec 31, 2023 | Mar 11, 2024 | Mar 11, 2024 20:17 UTC | EDGAR |
| 20-F | 0001193125-23-073993 | Dec 31, 2022 | Mar 17, 2023 | Mar 17, 2023 20:46 UTC | EDGAR |
| 20-F | 0001193125-22-079594 | Dec 31, 2021 | Mar 18, 2022 | Mar 18, 2022 21:03 UTC | EDGAR |
| 20-F | 0001193125-21-087552 | Dec 31, 2020 | Mar 19, 2021 | Mar 19, 2021 20:23 UTC | EDGAR |
| 20-F | 0001193125-20-082866 | Dec 31, 2019 | Mar 24, 2020 | Mar 23, 2020 22:57 UTC | EDGAR |
| 20-F | 0001193125-19-083684 | Dec 31, 2018 | Mar 22, 2019 | Mar 22, 2019 21:08 UTC | EDGAR |
Direct links to SEC EDGAR. BUD has additional filings available on the SEC site.
6 numbers Anheuser-Busch InBev SA/NV later changed — same XBRL tag, both filings linked.
PretaxIncome·FY 2018
Notable restatementwas$8.5B
Revised down in a 20-F.
PretaxIncome·FY 2017
Notable restatementwas$11.1B
Revised down in a 20-F.
OperatingCashFlow·Q2 2018
Notable restatementwas$3.2B
Revised up. Any P/OCF built on the original was 5.9% too high.
OperatingCashFlow·FY 2019
Notable restatementwas$13.4B
Revised up in a 20-F. Any P/OCF built on the original was 4.6% too high.
OperatingIncome·Q2 2019
Notable restatementwas$8.4B
Revised down.
PretaxIncome·Q2 2019
Notable restatementwas$8.3B
Revised down.
BUD is not the only one.
See every restatement we've found across the market — or get an alert the next time BUD revises a number.
Restatements are detected by comparing every vintage of a fact across all of Anheuser-Busch InBev SA/NV's filings back to 1993. A revision is not by itself a sign of wrongdoing — companies re-file for many legitimate reasons. This list is not exhaustive: it shows BUD's most significant revisions, and a figure absent from it has not been certified as unrevised.
Who is buying and selling Anheuser-Busch InBev SA/NV — insider transactions from Forms 3/4/5/144 and institutional ownership from 13F, 13D, and 13G filings, point-in-time stamped like every other fact in the library. Traders read it as a positioning signal; risk desks read it as concentration.
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