Business Segments Anheuser-Busch InBev SA/NV

Equities

ABI

BE0974293251

Brewers

Real-time Euronext Bruxelles Other stock markets 14:46:05 21/04/2026 BST			5-day change	1st Jan Change
62.72 ^EUR	-2.09%		-2.52%	+14.17%

11:14am	India flips AB InBev from witness to target in antitrust probe, triggering court fight	RE
04-20	AB INBEV : Receives a Buy rating from Bernstein	ZD

Sales 2025 by Business Segment

Sales 2025 by Geography

Historical Breakdown of Revenue by Business Segments

: Breakdown by Business Segment

Breakdown by Business Segment (USD)

Fiscal Period: December	2021	2022	2023	2024	2025
Beer, Ale and Malt Beverages
Beer Business	49.33B	51.54B	52.64B	52.72B	53.05B
Soda and other Carbonated Drinks
Non-Beer Business (Soft Drinks and Other Business)	4.97B	6.24B	6.74B	7.05B	6.27B

Geographical Revenue Distribution History

Geographical breakdown of sales (USD)

Fiscal Period: December	2021	2022	2023	2024	2025
Middle Americas	12.54B	14.18B	16.35B	17.07B	17.38B
Total Assets	67.52B	66.26B	74.16B	66.59B	73.56B
D&A	1.14B	1.33B	1.49B	1.51B	1.34B
CAPEX	-1.31B	-1.32B	-1.37B	-1.17B	-921M
Gross Profit	8.11B	8.64B	9.97B	10.83B	11.22B
Operating Income	4.99B	5.24B	6.23B	6.89B	7.34B
EBITDA	6.13B	6.56B	7.72B	8.4B	8.68B
United States	14.26B	14.58B	13.17B	12.79B	12.38B
EMEA (Excl. Belgium)	7.41B	7.49B	7.98B	8.31B	8.81B
Total Assets	31.64B	28.38B	26.96B	25.62B	28.62B
Brazil	6.5B	8.26B	9.26B	9.06B	8.77B
Asia Pacific	6.85B	6.53B	6.82B	6.2B	5.69B
Total Assets	13.45B	12.4B	11.98B	10.95B	10.96B
D&A	712M	671M	655M	649M	606M
CAPEX	-605M	-496M	-498M	-379M	-307M
Gross Profit	3.8B	3.36B	3.55B	3.23B	2.95B
Operating Income	1.61B	1.43B	1.53B	1.28B	1.09B
EBITDA	2.32B	2.1B	2.19B	1.93B	1.7B
South America (Excl. Brazil)	2.99B	3.34B	2.78B	3.36B	3.19B
North America (Excl. United States)	2B	1.99B	1.9B	1.86B	1.83B
Belgium	623M	632M	606M	692M	696M
Total Assets	2.46B	2.53B	2.34B	2.33B	2.22B
Global Export and Holding Companies	1.13B	790M	508M	418M	588M
Total Assets	1.97B	2.5B	2.81B	3.04B	3.46B
D&A	364M	392M	436M	539M	665M
CAPEX	-655M	-638M	-504M	-492M	-628M
Gross Profit	252M	50M	-90M	-128M	-79M
Operating Income	-1.46B	-1.4B	-1.54B	-1.6B	-1.51B
EBITDA	-1.09B	-1B	-1.11B	-1.06B	-848M
South America	-	-	-	-	-
Total Assets	12.92B	14.3B	14.79B	12.82B	13.76B
D&A	760M	873M	1.01B	1.03B	964M
CAPEX	-1.15B	-1B	-830M	-702M	-660M
Gross Profit	4.73B	5.62B	6.06B	6.35B	6.07B
Operating Income	2.36B	2.64B	2.88B	3.02B	2.94B
EBITDA	3.12B	3.51B	3.88B	4.05B	3.9B
Latin America West	-	-	-	-	-
D&A	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
Gross Profit	-	-	-	-	-
Operating Income	-	-	-	-	-
EBITDA	-	-	-	-	-
EMEA	-	-	-	-	-
D&A	1.01B	1.07B	1.04B	1.05B	1.08B
Total Assets	-	-	-	-	-
CAPEX	-1.05B	-1.01B	-906M	-668M	-750M
Gross Profit	4.24B	3.95B	3.94B	4.32B	4.67B
Operating Income	1.58B	1.55B	1.53B	1.8B	2.02B
EBITDA	2.6B	2.61B	2.57B	2.85B	3.1B
Latin America South	-	-	-	-	-
D&A	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
Gross Profit	-	-	-	-	-
Operating Income	-	-	-	-	-
EBITDA	-	-	-	-	-
Latin America North	-	-	-	-	-
D&A	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
Gross Profit	-	-	-	-	-
Operating Income	-	-	-	-	-
EBITDA	-	-	-	-	-
North America	-	-	-	-	-
Total Assets	63.72B	63.38B	62.93B	62.29B	61.44B
D&A	782M	748M	757M	722M	712M
CAPEX	-868M	-695M	-530M	-454M	-391M
Gross Profit	10.07B	9.85B	8.55B	8.42B	8.34B
Operating Income	5.35B	5.31B	3.97B	4.07B	3.98B
EBITDA	6.13B	6.06B	4.73B	4.79B	4.69B