Anheuser-Busch Inbev (BUD) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended December 2025, Anheuser-Busch Inbev (BUD) reported revenue of $15.56 billion, up 4.8% over the same period last year. EPS came in at $0.95, compared to $0.88 in the year-ago quarter.

The reported revenue represents a surprise of -0.18% over the Zacks Consensus Estimate of $15.58 billion. With the consensus EPS estimate being $0.92, the EPS surprise was +3.71%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Anheuser-Busch Inbev performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Volume in Hectoliters - Middle America: 39,672.00 KhL versus 38,541.91 KhL estimated by three analysts on average.
• Volume in Hectoliters - South America: 43,160.00 KhL versus the three-analyst average estimate of 41,800.04 KhL.
• Volume in Hectoliters - EMEA: 24,249.00 KhL compared to the 24,837.29 KhL average estimate based on three analysts.
• AB InBev Worldwide - Total Volume: 139,166.00 KhL versus 139,845.60 KhL estimated by three analysts on average.
• Volume in Hectoliters - Global Export and Holding Companies: 131.00 KhL versus the three-analyst average estimate of 123.42 KhL.
• Volume in Hectoliters - North America: 18,619.00 KhL compared to the 19,468.99 KhL average estimate based on three analysts.
• Revenue- North America: $3.24 billion versus the three-analyst average estimate of $3.45 billion. The reported number represents a year-over-year change of -2.9%.
• Revenue- Middle Americas: $4.93 billion compared to the $4.8 billion average estimate based on three analysts. The reported number represents a change of +12.1% year over year.
• Revenue- Global Export & Holding Companies: $172 million versus $111.36 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +81.1% change.
• Revenue-EMEA: $2.52 billion versus $2.62 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +4.1% change.
• Revenue- Asia Pacific: $1.05 billion compared to the $1.23 billion average estimate based on three analysts. The reported number represents a change of -6.2% year over year.
• Revenue- South America: $3.65 billion versus the three-analyst average estimate of $3.54 billion. The reported number represents a year-over-year change of +5%.

View all Key Company Metrics for Anheuser-Busch Inbev here>>>

Shares of Anheuser-Busch Inbev have returned +12.3% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

 
Anheuser-Busch InBev SA/NV (BUD): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research