AB InBev Reports Second Quarter 2026 Results
AB InBev reported strong Q2 results with organic revenue growth of 5.6% to $16.66 billion and a 23.4% increase in Underlying EPS to $1.21. Normalized EBITDA grew 5.8% to $5.94 billion with a margin expansion of 4 basis points, driven by premiumization and effective revenue management across global markets. Operational momentum remained robust with beer volumes up 1.1% and BEES Marketplace GMV increasing 50% to $1.2 billion. Free cash flow for the half-year surged by $2.5 billion to reach $3.9 billion, reflecting disciplined execution and optimized working capital.
Key figures
- Eps
- 1.21
- Guidance
- FY26 EBITDA to grow between 4-8%
- Revenue Yoy
- 5.6%
- Ebitda margin
- 35.6%
- Buyback completed
- 1900000000
- Hy free cash flow
- 3900000000
- Beer volume growth
- 1.1%
- Net debt to ebitda
- 2.86x
AI analysis
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