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Anheuser-Busch InBev
Anheuser-Busch InBev (ABI) investor relations material
Anheuser-Busch InBev Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
3Q26 organic revenue grew 4.9%, volumes 0.4% and revenue per hl 4.2%; Normalized EBITDA rose 3.9% and Underlying EPS 22.4% to $1.21.
Growth in premium, no-alcohol and Beyond Beer portfolios was partly offset by China weakness and higher marketing and commodity costs; record Q3 volumes were achieved in 15 markets.
Financial highlights
Reported 3Q26 revenue rose 9.1% to $16.512bn, with positive currency translation; 9M26 reported revenue increased 10.7% to $48.439bn.
Normalized EBITDA increased 3.9% to $5.957bn; Normalized EBIT rose 6.0% to $4.538bn.
Underlying Profit was $2.396bn versus $1.970bn; profit attributable to equity holders was $1.597bn versus $1.054bn.
9M26 organic revenue grew 5.4%, Normalized EBITDA 5.0% and Underlying EPS 22.2% to $3.40.
Outlook and guidance
FY26 EBITDA growth expected within the 4–8% range; confidence in delivering the 2026 outlook was reaffirmed.
FY26 net capital expenditure expected at $3.5–4.0bn; normalized effective tax rate at 26–28%.
Net pension interest and accretion expenses expected at $190–220m per quarter; average gross debt coupon expected at ~4%.
Medium-term outlook shifted from EBITDA growth of 4–8% to EBIT growth of 5–9% for the second phase of the 10-year plan; 2027 guidance was not yet provided.
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Latest events from Anheuser-Busch InBev
- Organic growth, digital scale, and MegaBrands drive record profitability and market share.ABI
CMD 2026 Day 1 - Organic growth, digital platforms, and megabrands drive 5%-9% EBIT growth and future momentum.ABICMD 2026 Day 2 Part 2
- Organic growth, digital scale, and tech-enabled sales drive industry-leading results.ABICMD 2026 Day 2 Part 1
- Revenue up 5.6% and EPS up 23.4%, led by premiumization and digital growth.ABIQ2 2026
- Revenue up 5.8% and underlying EPS up 20.8% on record Q1 volumes and digital growth.ABIQ1 2026
- Global market leader leverages premium brands and digital tools for sustained profitable growth.ABIInvestor presentation
- 3Q25 EBITDA up 3.3%, $6B buyback, margin gains, and premium/digital growth lead.ABIQ3 2025
- EBITDA up 10.2%, EPS up 25%, margin expansion and digital growth drove strong results.ABIQ2 2024
- EBITDA and EPS rose 7.9% and 7.1%, with margin expansion and digital-led growth.ABIQ1 2025
Next Anheuser-Busch InBev earnings date
Q4 20264 Mar, 2027
Anheuser-Busch InBev
Next Anheuser-Busch InBev earnings date
Q4 20264 Mar, 2027
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Frequently asked questions
America's Leading Brewer
Anheuser-Busch is a giant of the American beer industry and a significant player in global brewing. Founded in the 1800s in Missouri, the company has grown from humble beginnings into a household name recognized worldwide. The brewing company has contributed to shaping America's beer culture and plays a prominent role in the international beer market as they export their beers worldwide, even if the US continues to be an incredibly important market for the company.
Founded by German Immigrants
The origins of Anheuser-Busch date back to the mid-19th century. German immigrants Eberhard Anheuser and Adolphus Busch set up a small brewing business in St. Louis, Missouri, and in 1876 they introduced the now iconic Budweiser. This beer quickly found favor with the public, and its success was a significant milestone for the company, establishing Anheuser-Busch as a critical player in the brewing sector and paving the way for its expansion.
Over 100 Different Beers
Currently, Anheuser-Busch's operations extend beyond Budweiser, with a diverse range of over 100 beers produced in 12 major breweries across the United States. The product line-up includes mainstream beers like Bud Light and a variety of specialty craft beers such as Goose Island and Blue Point. The brewing process is carefully controlled to maintain the distinctive characteristics of each brand. An essential aspect of Anheuser-Busch's business model is its multifaceted brand structure. The company is the umbrella under which a host of distinct beer brands coexist, each with its unique identity and target audience. These brands range from internationally recognized names such as Stella Artois and Corona to local favorites like Elysian and Wicked Weed. Other key players in the global beer and spirits market include names such as Carlsberg, Diageo, and Heineken.
One of the Biggest Brewers in the World
The brewing giant is an international powerhouse with its products reaching consumers in over 100 countries. The firm's vast distribution network ensures that regardless of whether a consumer wants a bottle of Budweiser in Sweden, a can of Stella Artois in Japan, or a pint of Goose Island in Australia, Anheuser-Busch is there to meet the demand. This global reach underlines the company's strong position in the international beer market and reflects its successful export strategies and the recognition its brands have worldwide.