Anheuser Busch Inbev NV ADR (BUD) revenue breakdown
By segment, Beer business is the largest at 89% of fiscal 2025 revenue; Non-beer business grew fastest, 6% a year over 6 years.
Revenue by segment
Fiscal years, as Anheuser Busch Inbev NV ADR reports them in its 10-K filings; fiscal 2025 total $59.3B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Beer business | — | — | — | $48.0B | $43.0B | $49.3B | $51.5B | $53.9B | $53.7B | $53.0B | 89% |
| Non-beer business | — | — | — | $4.3B | $3.8B | $5.0B | $6.2B | $5.5B | $6.1B | $6.3B | 11% |
| Beer business | $41.4B | — | — | — | — | — | — | — | — | — | — |
| North America | — | $15.6B | $15.5B | — | — | — | — | — | — | — | — |
| Middle America | — | $10.8B | $11.6B | — | — | — | — | — | — | — | — |
| South America | — | $11.6B | $10.2B | — | — | — | — | — | — | — | — |
| EMEA | — | $10.3B | $8.4B | — | — | — | — | — | — | — | — |
| Asia Pacific | — | $6.1B | $6.7B | — | — | — | — | — | — | — | — |
| Non-beer business | $4.1B | — | — | — | — | — | — | — | — | — | — |
| Global export and holding companies | — | $457M | $582M | — | — | — | — | — | — | — | — |
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Where does Anheuser Busch Inbev NV ADR make its money?
In fiscal 2025, by segment: Beer business $53.0B, Non-beer business $6.3B.
From Anheuser Busch Inbev NV ADR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.