BUD Latest Quarter's Earnings
Announce Date 10/30/2025
EPS Normalized Actual $0.99 (Beat by $0.02)
EPS GAAP Actual $0.99 (Beat by $0.02)
Revenue Actual $15.004B
Revenue Surprise Beat by $15004M
Upcoming Quarter's Earnings
Announce Date 02/25/2026 (Pre-Market)
EPS Normalized Estimate $0.81
EPS GAAP Estimate $0.81
Revenue Estimate $14.07B
Annual EPS Estimate
Fiscal Period Ending EPS Estimate Forward PE Low High # of Analysts
Dec 2029 6.81617 11.12 6.51011 7.49793 4
Dec 2028 5.71786 13.26 5.54992 5.91323 3
Quarterly EPS History
Period EPS Beat / Miss Revenue YoY Beat / Miss
FQ2 2025 (Jun 2025) 0 -0.84 15.004B -99.15% -206M
FQ1 2025 (Mar 2025) 1.08 0.39 13.628B -113.49% -782M
FQ4 2024 (Dec 2024) 3.26 2.5 29.8655B -0.56% 14525.5M
FQ3 2024 (Sep 2024) 1.03 1.03 15.046B -3.51% 15046M
FQ2 2024 (Jun 2024) 1.28 1.28 29.88B 49.4% 29880M
FQ1 2024 (Mar 2024) 1.1 1.1 29.094B 51.15% 29094M
FQ4 2023 (Dec 2023) 1.64 1.64 30.0324B 51.16% 30032.4M
FQ3 2023 (Sep 2023) 0.73 0.73 15.574B 100% 15574M
Quarterly Estimates Summary

FQ4 Announce Date

02/25/2026 (Pre-Market)

Consensus EPS Estimates

0.81

Consensus Revenue Estimates

14.07B

Consensus EPS Estimates
Fiscal Period Ending EPS Estimate YoY Growth(%) Low High # of Analysts
FQ1 2027 (Feb 2027) 0.9 -- 0.87 0.92 2
FQ4 2026 (Nov 2026) 0.95 -- 0.89 1.09 4
FQ3 2026 (Aug 2026) 0.97 -- 0.93 1.02 4
FQ2 2026 (May 2026) 0.94686 -- 0.93058 0.96 3
FQ1 2026 (Feb 2026) 0.81 -33.33 0.78 0.84 2
Consensus Revenue Estimates
Fiscal Period Ending Revenue Estimate YoY Growth(%) Low High # of Analysts
FQ1 2027 (Feb 2027) 14.67B -- 14.63B 14.71B 2
FQ4 2026 (Nov 2026) 15.9B -- 15.77B 15.97B 4
FQ3 2026 (Aug 2026) 15.35B -- 15.25B 15.45B 5
FQ2 2026 (May 2026) 15.3B 1.92 15.12B 15.51B 6
FQ1 2026 (Feb 2026) 14.07B 3.14 13.43B 14.96B 5
Quarterly Estimates Revisions

EPS # of Up Revisions

4

EPS # of Down Revisions

4

Revenue # of Up Revisions

6

Revenue # of Down Revisions

3

Consensus EPS Revision Trend
Fiscal Period Ending EPS Estimate YoY Growth Low High # of Analysts
FQ4 2021 (Dec 2021) 0.41 -12.52% 0.39 0.48 20
FQ1 2022 (Mar 2022) 0.59 6.89% 0.55 0.62 15
FQ2 2022 (Jun 2022) 0.70 2.62% 0.61 0.74 15
FQ3 2022 (Sep 2022) 0.68 4.62% 0.65 0.70 15
Consensus Revenue Revision Trend
Fiscal Period Ending EPS Estimate YoY Growth Low High # of Analysts
FQ4 2021 (Dec 2021) 0.41 -12.52% 0.39 0.48 20
FQ1 2022 (Mar 2022) 0.59 6.89% 0.55 0.62 15
FQ2 2022 (Jun 2022) 0.70 2.62% 0.61 0.74 15
FQ3 2022 (Sep 2022) 0.68 4.62% 0.65 0.70 15
Earnings Surprise Summary

EPS # of Beats

7

EPS # of Misses

1

EPS # of in-lines

0

Revenue # of Beats

6

Revenue # of Misses

2

Revenue # of in-lines

0

Earnings Surprise (EPS) - Actual vs Consensus
Earnings Date EPS Estimate EPS Actual Surprise Surprise %
FQ2 2025 (Jun 2025) 0.84 0 -0.84 -INF%
FQ1 2025 (Mar 2025) 0.69 1.08 0.39 36.11%
FQ4 2024 (Dec 2024) 0.76 3.26 2.5 76.69%
FQ3 2024 (Sep 2024) 1.03 1.03 100%
FQ2 2024 (Jun 2024) 1.28 1.28 100%
FQ1 2024 (Mar 2024) 1.1 1.1 100%
FQ4 2023 (Dec 2023) 1.64 1.64 100%
FQ3 2023 (Sep 2023) 0.73 0.73 100%
Revenue Surprise - Actual vs Consensus
Earnings Date Revenue Estimate Revenue Actual Surprise Surprise %
FQ2 2025 (Jun 2025) $15.21B $15B $-206M -1.37%
FQ1 2025 (Mar 2025) $14.41B $13.63B $-782M -5.74%
FQ4 2024 (Dec 2024) $15.34B $29.87B $14525.5M 48.64%
FQ3 2024 (Sep 2024) $0B $15.05B $15046M 100%
FQ2 2024 (Jun 2024) $0B $29.88B $29880M 100%
FQ1 2024 (Mar 2024) $0B $29.09B $29094M 100%
FQ4 2023 (Dec 2023) $0B $30.03B $30032.4M 100%
FQ3 2023 (Sep 2023) $0B $15.57B $15574M 100%
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