Quarterly ResultMay 5, 2026, 08:52 AM
AB InBev Q1 2026 Revenue +5.8%, Underlying EPS +20.8%
AI Summary
Anheuser-Busch InBev reported solid first-quarter 2026 results, with organic revenue increasing by 5.8% to $15,267 million and underlying EPS rising by 20.8% to $0.97. The company achieved 1.2% beer volume growth and a 5.3% increase in Normalized EBITDA to $5,437 million. Strategic priorities like megabrand momentum, growth in Beyond Beer and no-alcohol beer portfolios, and the expansion of the BEES marketplace contributed to strong performance across most zones, with market share gained or maintained in 75% of its markets. The company also noted a credit rating upgrade by Moody's and progress on its share buyback program.
Key Highlights
- Underlying EPS increased by 20.8% to $0.97 in Q1 2026.
- Revenue grew by 5.8% organically to $15,267 million.
- Normalized EBITDA rose by 5.3% to $5,437 million.
- Beer volumes increased by 1.2%, with total volumes up 0.8%.
- Megabrands revenue grew 8.2%, led by Corona (+16% outside home market).
- Beyond Beer revenue surged 37%; no-alcohol beer revenue increased 27%.
- BEES Marketplace GMV from third-party products grew 55% to $1.1 billion.
- Moody's upgraded credit rating from A3 to A2; $1.4B of $6B share buyback completed.