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Anheuser-Busch Inbev (BUD) Reports Q2 Earnings: What Key Metrics Have to Say

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For the quarter ended June 2025, Anheuser-Busch Inbev (BUD - Free Report) reported revenue of $15 billion, down 2.2% over the same period last year. EPS came in at $0.98, compared to $0.90 in the year-ago quarter.

The reported revenue represents a surprise of -2.13% over the Zacks Consensus Estimate of $15.33 billion. With the consensus EPS estimate being $0.94, the EPS surprise was +4.26%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

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: 38,822.00 KhL versus the three-analyst average estimate of 38,735.62 KhL.
  • Volume in Hectoliters - South America: 34,199.00 KhL versus the three-analyst average estimate of 37,352.37 KhL.
  • Volume in Hectoliters - EMEA: 24,172.00 KhL versus the three-analyst average estimate of 24,506.69 KhL.
  • AB InBev Worldwide - Total Volume: 143,347.00 KhL compared to the 145,525.60 KhL average estimate based on three analysts.
  • Volume in Hectoliters - Global Export and Holding Companies: 62.00 KhL versus the three-analyst average estimate of 72.40 KhL.
  • Volume in Hectoliters - North America: 22,376.00 KhL versus 21,763.78 KhL estimated by three analysts on average.
  • Revenue- Global Export & Holding Companies: $144 million versus the three-analyst average estimate of $107 million. The reported number represents a year-over-year change of +28.6%.
  • Revenue- Middle Americas: $4.34 billion versus $4.43 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -4% change.
  • Revenue- North America: $3.84 billion versus the three-analyst average estimate of $3.87 billion. The reported number represents a year-over-year change of -0.5%.
  • Revenue- Asia Pacific: $1.66 billion compared to the $1.64 billion average estimate based on three analysts. The reported number represents a change of -5.2% year over year.
  • Revenue-EMEA: $2.49 billion compared to the $2.51 billion average estimate based on three analysts.
  • Revenue- South America: $2.53 billion versus the three-analyst average estimate of $2.88 billion. The reported number represents a year-over-year change of -9.2%.

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

Shares of Anheuser-Busch Inbev have returned -4% over the past month versus the Zacks S&P 500 composite's +2.7% 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.

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