Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Anheuser-Busch InBev/NV's shares outstanding for the quarter that ended in Mar. 2026 was 1,943 Mil.
Anheuser-Busch InBev/NV's quarterly shares outstanding
declined
from Dec. 2025 (1,951 Mil) to Mar. 2026 (1,943 Mil).
It means Anheuser-Busch InBev/NVbought back shares from Dec. 2025 to Mar. 2026 .
Anheuser-Busch InBev/NV's annual shares outstanding
declined
from Dec. 2024 (1,975 Mil) to Dec. 2025 (1,951 Mil).
It means Anheuser-Busch InBev/NVbought back shares from Dec. 2024 to Dec. 2025 .
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Anheuser-Busch InBev/NV Shares Outstanding (EOP) Related Terms
Anheuser-Busch InBev/NV Shares Outstanding (EOP) Historical Data
* Premium members only.
The historical data trend for Anheuser-Busch InBev/NV's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BUDFF vs STZ, TAP: Shares Outstanding (EOP) Comparison
For the Beverages - Brewers subindustry, Anheuser-Busch InBev/NV's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Anheuser-Busch InBev/NV Shares Outstanding (EOP) vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Anheuser-Busch InBev/NV's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Anheuser-Busch InBev/NV's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 1,943 Mil mean?
Anheuser-Busch InBev/NV (BUDFF) has a Shares Outstanding (EOP) of 1,943 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Anheuser-Busch InBev/NV and its competitors.
Is Anheuser-Busch InBev/NV's Shares Outstanding (EOP) too high?
Anheuser-Busch InBev/NV's current Shares Outstanding (EOP) is 1,943 Mil. Overall, Anheuser-Busch InBev/NV has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anheuser-Busch InBev/NV's Shares Outstanding (EOP) compare to STZ and TAP?
Anheuser-Busch InBev/NV's Shares Outstanding (EOP) of 1,943 Mil can be compared against companies in the Beverages - Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for a Beverages - Alcoholic company?
A good Shares Outstanding (EOP) depends on the Beverages - Alcoholic industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Anheuser-Busch InBev/NV and its competitors. Anheuser-Busch InBev/NV's current Shares Outstanding (EOP) is 1,943 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anheuser-Busch InBev/NV stock overvalued right now?
Based on GuruFocus' analysis, Anheuser-Busch InBev/NV (BUDFF) is currently considered Significantly Overvalued. The stock's GF Value™ is $64.20, compared to a current price of $84.48 — trading 31.6% above its estimated fair value. The current Shares Outstanding (EOP) is 1,943 Mil. Anheuser-Busch InBev/NV's overall GF Score™ is 81/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Anheuser-Busch InBev/NV (BUDFF), the current Shares Outstanding (EOP) is 1,943 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Anheuser-Busch InBev/NV (BUDFF) Overvalued in 2026?
Based on GuruFocus' analysis, Anheuser-Busch InBev/NV stock appears to be overvalued.
The current stock price of $84.48 is trading 31.6% above its estimated GF Value™ of $64.20.
GuruFocus considers Anheuser-Busch InBev/NV to be Significantly Overvalued.
Key valuation signals for BUDFF:
Shares Outstanding (EOP): 1,943 Mil
GF Value™: $64.20 vs. price of $84.48 (31.6% above fair value)
No single metric tells the full story. See the BUDFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anheuser-Busch InBev is the largest brewer in the world and one of the world's top five consumer product companies, as measured by EBITDA. The company's portfolio contains six of the top 10 beer brands by volume, and we estimate it distributes 23 brands with retail sales over $1 billion. AB InBev was created by the 2008 merger of Belgium-based InBev and US-based Anheuser-Busch. The firm holds a 62% economic interest in Ambev, an 87% stake in Budweiser APAC, and in 2016 acquired SABMiller.
81GF Score
Get the complete analysis for BUDFF
Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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