AB InBev Q2 2026: Beyond Beer grew 44%, Cutwater tripled but China fell 9.7%

Anheuser-Busch InBev reported second quarter 2026 results on 30 July 2026, with organic revenue growth of 5.6% – reaching reported revenue of $16,660 million – beer volume growth of 1.1%, and a 23.4% increase in Underlying EPS to $1.21. For the first half of 2026, the company delivered 5.7% organic revenue growth to $31,927 million reported, beer volume growth of 1.2%, and Underlying EPS of $2.18 (+22.1%). CEO Michel Doukeris stated: “Our performance this quarter reflects the strength of the beer category and the consistent execution of our strategy. Through investment in our megabrands and mega platforms, innovation and offering more choices across more occasions, we are strengthening the cultural relevance of our brands with consumers.”