Anheuser-Busch InBev stock reports 11 percent revenue growth

Anheuser-Busch InBev stock is backed by a market capitalization of USD 151,764,722,902 as of September 23, 2026, while Q2 2026 reported revenue increased 11.0 percent to USD 16.660 billion. The brewer also delivered higher normalized EBITDA and underlying earnings per share in the quarter.

Revenue and earnings accelerate

According to AB InBev in its Q2 2026 results, normalized EBITDA rose 5.8 percent to USD 5.938 billion from USD 5.301 billion in Q2 2025. The normalized EBITDA margin expanded to 35.6 percent from 35.3 percent.

Underlying earnings per share increased 23.4 percent to USD 1.21 from USD 0.98 in Q2 2025, while beer volumes rose 1.1 percent and total volumes increased 0.9 percent. The mix shows the distinction investors need to track: pricing and premium products supported revenue per hectoliter growth of 4.2 percent even as total volume growth remained below 1 percent.

Reignite plan sets a new metric

On September 23, 2026, MarketBeat reported that AB InBev outlined a medium-term target for 5 percent to 9 percent average annual EBIT growth. The strategic shift places EBIT, rather than EBITDA, at the center of the company performance framework.

The same announcement said AB InBev maintained its 2026 EBITDA growth outlook of 4 percent to 8 percent. Management also cited gross-margin expansion of 200 basis points and EBITDA-margin expansion of 220 basis points between 2023 and 2025, giving the new target a measurable profitability backdrop.

Market value and yearly range

AB InBev's market capitalization was USD 151,764,722,902 on September 23, 2026. The 52-week range was USD 58.44 to USD 86.60, placing the market value between the yearly low and high while the Q2 figures showed double-digit reported revenue growth.

For investors, the central test is whether volume, pricing and mix can support the transition from EBITDA growth to EBIT growth. Q2 2026 supplied a clear comparison: revenue rose 11.0 percent, normalized EBITDA increased 5.8 percent, and underlying EPS advanced 23.4 percent year over year.