AB InBev stock steadies as higher 2024 earnings and cash flow support valuation
Published on 07/18/2026 at 14:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Anheuser-Busch InBev SA/NV (ISIN BE0974293251) reported higher earnings for 2024, with underlying profit attributable to equity holders rising and free cash flow strengthening, which provides a fundamental backdrop for AB InBev stock on Euronext Brussels as investors assess valuation and leverage trends.
Underlying profit and earnings improve
According to the companys published 2024 full-year results, AB InBev generated underlying profit attributable to equity holders of roughly $6.1 billion in 2024, compared with about $5.5 billion in 2023, reflecting earnings growth year on year.
In the same 2024 report, the brewer highlighted that normalized earnings per share for the year were approximately $3.04, up from around $2.70 in 2023, underlining that profitability per share expanded over the period alongside disciplined cost management and mix effects.
Revenue mix and cash flow support debt reduction
AB InBev reported that total revenue for 2024 reached about $59.4 billion, broadly stable compared with the prior year, while the combination of price and premiumization helped offset volume pressures in some markets and supported margin resilience.
The company also disclosed that free cash flow was close to $9.5 billion in 2024, compared with roughly $8.9 billion in 2023, providing capacity for continued deleveraging and shareholder distributions against the backdrop of its long-term net debt reduction targets.
More on AB InBev fundamentals
Detailed financial statements, presentations and guidance updates for AB InBev are available in the investor relations section and in regulatory filings linked to the companys ISIN.
Flagship Budweiser underpins global portfolio
AB InBev generates a significant portion of its revenue from its portfolio of global brands, with Budweiser as one of its flagship beers that contributes materially to premium and super-premium segments across multiple regions, including the Americas, Europe and Asia.
AB InBev stock and market metrics
AB InBev stock trades primarily on Euronext Brussels under the ticker ABI, and the companys equity market capitalization is widely reported in the tens of billions of US dollars, reflecting its position as one of the worlds largest listed brewers by revenue.
AB InBev key data
- Company: Anheuser-Busch InBev SA/NV
- ISIN: BE0974293251
- Ticker: Euronext Brussels: ABI
- Trading venue: Euronext Brussels
- Sector / Industry: Consumer Staples / Beverages - Brewers
- Index membership: Euro Stoxx 50
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