Anheuser-Busch InBev stock reports 5.6 percent revenue growth
Published on 10/03/2026 at 22:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Anheuser-Busch InBev (ISIN BE0974293251) was last at EUR 64.88 on Euronext Brussels on October 2, 2026 at 5:37 p.m. CEST, up 0.50 percent on the session. The brewer's latest operating figures show revenue growth, faster earnings expansion and continued capital returns.
Revenue grows 5.6 percent
According to Business Wire on July 30, 2026, AB InBev delivered 5.6 percent organic revenue growth in 2Q26, with reported revenue reaching USD 16.660 billion. Normalized EBITDA increased 5.8 percent to USD 5.938 billion, while the normalized EBITDA margin expanded 4 basis points to 35.6 percent.
The earnings mix was more powerful than the top-line increase. Underlying EPS rose 23.4 percent year over year to USD 1.21 in 2Q26, while beer volumes increased 1.1 percent and total volumes rose 0.9 percent. The company also reported 27 percent growth in no-alcohol beer revenue and 44 percent growth in Beyond Beer revenue.
Buyback adds a second catalyst
Sharenet reported on September 29, 2026 that AB InBev had bought back 1,124,057 shares between September 21 and September 25. Since the program began on November 3, 2025, total repurchases reached 32,805,776 shares for EUR 2.070 billion, equal to 1.62 percent of shares outstanding.
Leverage also improved in the half-year period. AB InBev's net debt to normalized EBITDA ratio fell to 2.86x at June 30, 2026 from 3.27x a year earlier, while first-half free cash flow reached USD 3.881 billion, an increase of USD 2.526 billion from HY25.
Analyst target stays above price
Barclays maintained a Hold rating and set a EUR 81.00 price target in a report dated September 29, 2026, according to Markets Insider. Against the EUR 64.88 reference price, that target stands 24.8 percent higher, placing the valuation debate between operating momentum and the stock's distance from its yearly peak.
Third-quarter date is set
AB InBev's investor calendar lists October 29, 2026 for its third-quarter 2026 results, with the release scheduled for 7:00 a.m. Brussels time, according to AB InBev. The next report will test whether revenue management, premiumization and the Beyond Beer portfolio can sustain the first-half earnings pace.
Stock remains below yearly high
Anheuser-Busch InBev was last at EUR 64.88 on Euronext Brussels on October 2, 2026 at 5:37 p.m. CEST. The session volume was 1,606,942 shares, and the 52-week range was EUR 49.96 to EUR 76.18, leaving the stock 14.8 percent below its yearly high.
Anheuser-Busch InBev stock data
- Company: Anheuser-Busch InBev SA/NV
- ISIN: BE0974293251
- Ticker: ABI.BR
- Trading venue: Euronext Brussels
- Price (as of October 2, 2026, 5:37 p.m. CEST): EUR 64.88
- Market capitalization: EUR 127.8 billion (as of October 2, 2026)
- 52-week range: EUR 49.96-76.18 (as of October 2, 2026)
- Sector / Industry: Consumer Staples / Brewers
