AB InBev reports Q3 growth as margins narrow for Anheuser-Busch InBev stock
Published on 10/29/2026 at 10:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSQuarterly growth and dividend decision
- AB InBev reported 4.9 percent organic revenue growth in the third quarter of 2026.
- Underlying earnings per share increased 22.4 percent to USD 1.21 in the third quarter of 2026.
- Anheuser-Busch InBev stock was trading at EUR 71.76 at 10:13 a.m. CEST at Lang & Schwarz on October 29, 2026.
- The board approved an interim dividend of EUR 0.40 per share for fiscal year 2026.
Anheuser-Busch InBev (ISIN BE0974293251) reported 4.9 percent organic revenue growth in the third quarter of 2026, while normalized EBITDA increased 3.9 percent to USD 5.957 billion. The company also approved a higher interim dividend, giving the results a direct capital-allocation impact. The figures come from the issuer's Business Wire release dated October 29, 2026.
Revenue growth meets margin pressure
Reported revenue rose 9.1 percent to USD 16.512 billion in the third quarter, boosted by currency translation, while organic revenue growth reached 4.9 percent. Total volume increased 0.4 percent, with beer volume down 0.1 percent and non-beer volume up 4.0 percent.
The operating picture was mixed beneath the revenue advance. Normalized EBITDA reached USD 5.957 billion, but its margin contracted 34 basis points to 36.1 percent as AB InBev increased sales and marketing investment and faced commodity and transportation costs.
Premium brands and digital sales add support
Premiumization remained a key growth engine. Corona revenue grew 20 percent outside its home market, while Stella Artois revenue increased 19 percent and Michelob Ultra revenue rose 50 percent outside its home market in the third quarter.
Digital distribution also expanded. BEES Marketplace gross merchandise value increased 45 percent to USD 1.4 billion, and total BEES gross merchandise value rose 12 percent to USD 15.9 billion. Underlying earnings per share increased 22.4 percent to USD 1.21, compared with USD 0.99 in the prior-year quarter.
Dividend raises the capital return
The board approved an interim dividend of EUR 0.40 per share for fiscal year 2026, compared with EUR 0.15 per share for fiscal year 2025. The Euronext ex-dividend date is November 19, 2026, with payment scheduled for November 23, 2026, according to the company release.
AB InBev maintained its full-year 2026 outlook for EBITDA growth of 4 percent to 8 percent. The company had completed USD 2.6 billion of its USD 6.0 billion share buyback program as of October 26, 2026.
Stock price and investor context
Anheuser-Busch InBev stock was trading at EUR 71.76 at Lang & Schwarz on October 29, 2026 at 10:13 a.m. CEST. The finance quote showed a market capitalization of EUR 125.4 billion and a 52-week range of EUR 51.60 to EUR 76.30. The company is listed on Euronext Brussels under ticker ABI.
The further course of trading is shown by the continuously updated real-time quote of Anheuser-Busch InBev stock.
Anheuser-Busch InBev at a glance
- Company: Anheuser-Busch InBev SA/NV
- ISIN: BE0974293251
- Ticker: ABI
- Primary exchange: Euronext Brussels
- Price Lang & Schwarz (as of October 29, 2026, 10:13 a.m. CEST): EUR 71.76
- Market capitalization: EUR 125.4 billion (as of October 29, 2026)
- 52-week range: EUR 51.60-EUR 76.30 (as of October 29, 2026)
- Sector / Industry: Consumer Defensive / Beverages - Alcoholic
Market context: Market report Euro Stoxx 50.
