Anheuser-Busch InBev Reports Strong Q1 2026 Results with 20.8% Underlying EPS Growth

summarizeSummary

Anheuser-Busch InBev reported strong Q1 2026 results with 5.8% organic revenue growth and a 20.8% increase in Underlying EPS, driven by solid beer volumes and megabrand performance.

check_boxKey Events

• Strong Q1 Financial Performance

  Organic revenue increased by 5.8% to $15.27 billion, with Underlying EPS growing 20.8% to $0.97, marking a record high for the first quarter. Normalized EBITDA also rose by 5.3% to $5.44 billion.

• Robust Volume Growth and Brand Momentum

  Beer volumes increased by 1.2%, contributing to overall volume growth of 0.8%. Global megabrands like Corona, Stella Artois, and Michelob Ultra demonstrated strong revenue growth outside their home markets, with Corona up 16%.

• Positive Outlook and Shareholder Returns

  The company reiterated its FY26 EBITDA growth outlook of 4-8% and completed $1.4 billion of its $6 billion share buyback program. Moody's also upgraded its credit rating from A3 to A2, reflecting consistent financial performance.

auto_awesomeAnalysis

Anheuser-Busch InBev delivered a solid first quarter, exceeding expectations with robust top- and bottom-line growth. The significant 20.8% increase in Underlying EPS to a record $0.97 for the quarter, alongside 5.8% organic revenue growth, demonstrates strong operational execution and brand momentum. The company's continued investment in megabrands, balanced choices, and the Beyond Beer portfolio is driving category leadership and market share gains in 75% of its markets. The progress on the $6 billion share buyback program and a credit rating upgrade from Moody's further reinforce financial strength and commitment to shareholder returns, providing a positive signal to investors.