Anheuser-Busch InBev SA/NV remains the world’s largest brewer by volume, with operations spanning developed and developing markets and a diversified portfolio of global, multi-country, and local brands. Its historical growth has been driven by strategic mergers and acquisitions that expanded scale and market presence. Revenue showed slight decline in 2025, impacted by currency translation and inflation accounting adjustments, while net income improved robustly. The company targets growth through premiumization, category expansion, new business initiatives, and digital innovation. Elevated but managed debt levels pose financial risk factors, balanced against substantial liquidity and ongoing capital return programs including dividends and buybacks.