AB InBev’s revenue hits $16.7 billion after 5.6% growth surge

• Anheuser-Busch InBev reported second-quarter 2026 revenue of $16.7 billion, up 11% on a reported basis.
• Normalized EBITDA increased 5.8% to $5.9 billion, while underlying EPS rose 23.4% to $1.21.
• Growth was supported by megabrands, no-alcohol beer, Beyond Beer and BEES Marketplace expansion.

Anheuser-Busch InBev (NYSE:BUD) reported second-quarter 2026 reported revenue of $16.7 billion, up 11%, with underlying revenue growth of 5.6% driven by higher revenue per hectoliter and volume growth.

The company’s revenue increased 5.6% organically in Q2 2026, while volumes rose 0.9%, compared with 5.7% organic revenue growth and 0.8% volume growth during the first half of 2026.

Normalized EBITDA increased 5.8% to $5.9 billion in Q2 2026, with a 35.6% margin, while underlying profit increased to $2.4 billion from $2 billion in Q2 2025 and net debt to normalized EBITDA improved to 2.86x from 3.27x a year earlier.

Anheuser-Busch InBev reported underlying EPS of $1.21, up 23.4% year over year.

The company reported a 6.2% increase in combined revenue from its megabrands, led by Corona, which grew 17% outside its home market, while no-alcohol beer revenue increased 27% and Beyond Beer revenue rose 44%.

Anheuser-Busch InBev operates one of the world’s largest brewing businesses and continues to expand digital commerce through BEES Marketplace, where gross merchandise value from third-party product sales reached $1.2 billion in Q2 2026.