ANHEUSER-BUSCH INBEV-SPN ADR (BUD) Earnings History & Surprises

NYSE:BUD • US03524A1088

73.15 USD
-0.01 (-0.01%)
At close: Mar 10, 2026
73.15 USD
0 (0%)
After Hours: 3/10/2026, 5:05:00 PM

Past quarterly earnings results for ANHEUSER-BUSCH INBEV-SPN ADR (BUD), including EPS and revenue actuals, analyst estimates, and surprise percentages. This page focuses on historical performance (not forecasts).

Earnings Snapshot

Next Earnings Date

Upcoming
Release DateMay 5, 2026
PeriodQ1 / 2026
EPS Estimate$1.04
Revenue Estimate15.053B

Last Reported

Most Recent
Release DateFeb 12, 2026
PeriodQ4 / 2025
EPS Reported$1.03
EPS Surprise 6.07%
Revenue Surprise -1.22%

Beat Rate

Last 8 Quarters
63%
EPS and Revenuebeats vs estimates

Quarterly Earnings Results

EPS & Revenue History (USD)

Actual vs estimated values, surprises, q2q growth and acceleration numbers for recent quarters.

QuarterEPSEPS EstEPS SurpriseEPS Q2QRevenueRevenue EstRevenue SurpriseRevenue Q2Q
Q4 2025 1.03 0.97 6.07% 7.95% 15.555B 15.747B -1.22% 4.81%
Q3 2025 1.08 1.05 2.28% 1.02% 15.133B 15.423B -1.88% 0.58%
Q2 2025 1.07 1.06 1.01% 8.89% 15.004B 15.513B -3.28% -2.15%
Q1 2025 0.88 0.81 8.16% 8.00% 13.628B 13.92B -2.10% -6.32%
Q4 2024 0.96 0.80 20.27% 7.32% 14.841B 14.192B 4.57% 2.54%
Q3 2024 1.07 1.01 5.76% 13.95% 15.046B 15.705B -4.20% -3.39%
Q2 2024 0.98 0.94 4.30% 25.00% 15.333B 15.536B -1.31% 1.41%
Q1 2024 0.82 0.74 10.83% 15.38% 14.547B 14.428B 0.82% 2.35%
Q4 2023 0.89 0.85 4.76% -16.33% 14.473B 15.649B -7.51% -1.33%
Q3 2023 0.94 0.92 1.97% 2.38% 15.574B 15.909B -2.11% 3.20%
Q2 2023 0.78 0.76 3.50% -1.37% 15.12B 15.493B -2.41% 2.22%
Q1 2023 0.71 0.69 2.76% 8.33% 14.213B 14.228B -0.11% 7.39%
Q4 2022 1.07 0.80 33.18% 8.89% 14.668B 15.43B -4.94% 3.31%
Q3 2022 0.91 0.86 5.72% -1.18% 15.091B 15.271B -1.18% 5.72%
Q2 2022 0.79 0.83 -4.36% -2.67% 14.792B 14.786B 0.04% 9.25%
Q1 2022 0.65 0.67 -2.15% 9.09% 13.235B 13.163B 0.55% 7.66%
Q4 2021 0.98 0.84 17.03% -16.67% 14.198B 13.896B 2.17% 11.21%
Q3 2021 0.92 0.73 27.51% 6.25% 14.274B 13.743B 3.86% 11.38%
Q2 2021 0.82 0.99 -17.75% 63.04% 13.539B 13.605B -0.49% -36.43%
Q1 2021 0.60 0.57 5.88% 230.95% 12.293B 11.61B 5.88% 11.72%
Q4 2020 1.17 1.29 -8.61% - 12.767B 12.761B 0.05% -
Q3 2020 0.87 0.80 9.06% - 12.816B 11.909B 7.62% -
Q2 2020 0.50 0.40 25.64% - 21.298B 9.469B 124.92% -
Q1 2020 -0.46 -0.14 -219.88% - 11.003B 10.869B 1.23% -

Notes

  • EPS and Revenue values are non-GAAP when available, otherwise GAAP.
  • Surprise % is (Actual - Estimate) / |Estimate|. Green indicates positive surprise, red negative.
  • Q2Q % is quarter-over-quarter growth. Green indicates growth, red indicates decline.
  • Green right border indicates acceleration for sales or earnings growth. Acceleration is the case when the current Q2Q is above the previous Q2Q.

Earnings Q2Q Performance Trends

EPS Historical Q2Q growth and Acceleration

BUD EPS Q2Q GrowthBUD EPS Q2Q GrowthEPS Q2Q Growth Q1/21 Q3/21 Q1/22 Q3/22 Q1/23 Q3/23 Q1/24 Q3/24 Q1/25 Q3/25 Q1/26 Q3/26 0 50 100 150 200

Revenue Historical Q2Q growth and Acceleration

BUD Revenue Q2Q GrowthBUD Revenue Q2Q GrowthRevenue Q2Q Growth Q1/21 Q3/21 Q1/22 Q3/22 Q1/23 Q3/23 Q1/24 Q3/24 Q1/25 Q3/25 Q1/26 Q3/26 0 10 -10 -20 -30

Surprise distribution (Last 4 Quarters)

EPS beat statistics

EPS beat (4)
4
Average EPS beat (4)
4.38%
Max EPS beat (4)
8.16%
Min EPS beat (4)
1.01%

Revenue beat statistics

Revenue beat (4)
0
Average Revenue beat (4)
-2.12%
Max Revenue beat (4)
-1.22%
Min Revenue beat (4)
-3.28%

Analysis

In the last 4 quarters, BUD has consistently beaten EPS estimates in all releases
BUD has not beaten revenue estimates in any of the last 4 earnings releases
In the last 4 quarters, BUD has beaten the EPS estimates by 4.4% on average.
In the last 4 quarters, BUD reported -2.1% below the revenue estimates on average.
→ Find peers who consistently beat earnings by at least 10% in the last 4 quarters

ANHEUSER-BUSCH INBEV-SPN ADR / BUD Earnings FAQ

Can you provide the last earnings date for ANHEUSER-BUSCH INBEV-SPN ADR?

ANHEUSER-BUSCH INBEV-SPN ADR (BUD) last reported earnings on 2/12/2026.


Can you provide information on whether ANHEUSER-BUSCH INBEV-SPN ADR beat earnings estimates in the last quarter?

ANHEUSER-BUSCH INBEV-SPN ADR (BUD) beat EPS estimates and missed revenue estimates in the most recent quarter.


What percentage of the time does BUD stock beat earnings estimates?

In the last 4 quarters, ANHEUSER-BUSCH INBEV-SPN ADR (BUD) has beaten EPS estimates in 4 out of 4 releases.