Heineken
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Heineken (HEIA) investor relations material

Heineken Q3 2026 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 TU earnings summary28 Oct, 2026

Executive summary

  • Q3 total volume grew 4.8% and net revenue (BEIA) grew 4.6%, with growth across all four regions; share gained or held in more than two-thirds of markets.

  • Premium volume rose 11.5%, global brand volume 9.9% and low- and no-alcohol volume grew double-digit.

  • FY 2026 operating profit growth guidance of 2%-6% was reaffirmed; other guidance metrics remained unchanged.

Financial highlights

  • Q3 reported revenue was €9.558bn, up 9.7%; net revenue (BEIA) was €8.090bn, up 4.6% organically.

  • Q3 organic net revenue increased €336m, with €286m from consolidated volume and €50m from price-mix.

  • Currency translation added €241m and consolidation changes €182m to Q3 net revenue; YTD reported net revenue was €22.923bn, up 3.4% organically.

  • YTD volume grew 2.7% and net revenue per hectolitre rose 1.7%.

Outlook and guidance

  • FY 2026 organic operating profit growth guidance remained 2%-6%; the trading environment and outlook for other metrics were broadly unchanged.

  • Guidance assumes a broadly unchanged consumer environment across most markets; productivity is expected to fund strategy execution and sustainable-growth investment.

  • Investment in the Americas will support a healthier 2027; Q4 outlook remains cautious in Brazil and Mexico, and Vietnam's Q3 growth should not be extrapolated.

  • At 27 October spot rates, estimated FY translational impact was +€410m net revenue, +€40m consolidated operating profit and +€30m net profit.

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Frequently asked questions

The owner of over 300 beer and cider brands

With more than 300 beer and cider brands, Heineken is the number one brewer in Europe and number two in the world. The company develops new drinks, acquires new brands, and markets them globally. There are many subsidiaries, and you might recognize Tecate, Amstel, Birra Moretti, Dos Equis, Sol, Carta Blanca, and Red Stripe. Some of Heineken’s competitors are Carlsberg Group, Anheuser-Busch InBev, and Diageo.

From a small Amsterdam brewery to a global brand

The company was founded in 1864 by Gerard Adriaan Heineken, who, at only 22 years of age, bought a brewery called De Hooiberg (The Haystack) in Amsterdam. His son, Henry Pierre Heineken, managed the company from 1917 to 1940. During his tenure, Heineken invested in maintaining consistent beer quality during large-scale production and exports. Only three days after the prohibition ended in the US, the first Heineken shipment landed in New York.

This Amsterdam-based Dutch brewing company employs over 85,000 persons and has operational facilities in more than 70 countries. If you’re in Amsterdam, however, you should visit the Heineken Experience; the original brewery of Heineken, which closed in 1988 and is preserved as a museum.

The special A-yeast

There’s more to Heineken than meets the eye; their specialty, the A-yeast, is the main factor behind the beer’s rich flavor and taste. It was cultivated in 1886 by French chemist Louis Pasteur student and is still used solely by Heineken today.