AB InBev Q3 2026: EPS beats expectations as megabrands grow 7.7%
As seen on the 24/7 Wall St. homepage on October 29, 2026.
Premiumization is carrying the whole portfolio: Corona, Stella Artois and Michelob Ultra lifted megabrand revenue 7.7%, topping expectations on both lines. China volumes fell 16.8%, and the interim dividend still more than doubled to 0.40 euros.
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Anheuser-Busch InBev posted adjusted earnings per share of $1.21 for the third quarter of 2026, beating expectations and extending a streak of beats going back to at least Q4 2024.
Revenue of $16.51 billion topped expectations as premiumization carried the quarter, with the megabrand portfolio led by Corona, Stella Artois and Michelob Ultra growing revenues 7.7% globally.
China volumes dropped 16.8% on abnormal weather and weaker on-premise consumption, while Middle Americas delivered organic revenue growth of 12.1% and record quarterly volumes spanned 15 markets including India, Colombia and South Africa.
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The company declared an interim dividend of 0.40 euros, more than double the 0.15 euros paid for all of fiscal year 2025, and has completed $2.6 billion of its $6 billion repurchase program.
For the full year, AB InBev guided EBITDA growth in line with its medium-term target of 4% to 8%, so keep an eye on the stock as China volumes stabilize or do not.