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AB InBev Posts Higher 2025 Earnings, Raises Payout Amid Premium and No-Alcohol Growth

Story Highlights
  • AB InBev’s 2025 results showed higher earnings, margin expansion and strong free cash flow despite lower volumes and currency headwinds.
  • The brewer accelerated premium, Beyond Beer and no-alcohol growth, while boosting shareholder returns via a higher dividend and ongoing buybacks.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
AB InBev Posts Higher 2025 Earnings, Raises Payout Amid Premium and No-Alcohol Growth

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Anheuser-Busch Inbev Sa ( (BUD) ) has provided an update.

On 12 February 2026, AB InBev reported its fourth-quarter and full-year 2025 results, showing revenue growth of 2.5% in Q4 and 2.0% for the year, despite volume declines of 1.5% in the quarter and 2.3% for 2025 amid a constrained consumer environment and adverse weather in some markets. Normalized EBITDA rose 4.9% for the year with a 101-basis-point margin expansion to 35.8%, underlying EPS increased 6% to 3.73 USD, free cash flow reached 11.3 billion USD, and net debt to EBITDA edged down to 2.87x, underlining improved profitability and balance sheet resilience.

The brewer highlighted strong momentum in its premium, Beyond Beer and no-alcohol portfolios, noting that revenue per hectoliter grew 4.4% in 2025, driven by price/mix and premiumization, while marketing investments of 7.4 billion USD supported share gains in roughly two-thirds of its markets. The board proposed a final dividend of 1.00 EUR per share for 2025, bringing the total annual payout to 1.15 EUR, and confirmed progress on a previously announced 6 billion USD share buyback, signaling confidence in future cash generation and a shareholder-friendly capital allocation stance.

The most recent analyst rating on (BUD) stock is a Buy with a $85.00 price target. To see the full list of analyst forecasts on Anheuser-Busch Inbev Sa stock, see the BUD Stock Forecast page.

Spark’s Take on BUD Stock

According to Spark, TipRanks’ AI Analyst, BUD is a Outperform.

Anheuser-Busch Inbev’s strong financial performance and positive earnings call sentiment are the most significant factors driving the score. The technical analysis suggests a neutral trend, and the valuation indicates the stock is fairly priced. Challenges in China and weather impacts are noted risks.

To see Spark’s full report on BUD stock, click here.

More about Anheuser-Busch Inbev Sa

Anheuser-Busch InBev SA/NV is a global brewing group headquartered in Leuven, Belgium, and one of the world’s largest beer producers. The company’s portfolio spans mainstream, premium and super-premium beer, as well as a growing Beyond Beer segment and no-alcohol offerings, with flagship brands including Budweiser, Corona and Michelob Ultra sold across key markets worldwide.

Average Trading Volume: 2,064,713

Technical Sentiment Signal: Buy

Current Market Cap: $152.7B

For detailed information about BUD stock, go to TipRanks’ Stock Analysis page.

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