Heineken (HEIA.AS) Stock Price

Heineken Price

🇳🇱Euronext·CLOSED
69.38EUR
Market closed
Today +/-
Today %

Heineken (HEIA.AS) Stock | ISIN NL0000009165 | WKN A0CA0G. The current Heineken stock price is 69.38 EUR (2026). Revenue is 31.18 B EUR. Net income is 2.87 B EUR. The P/E ratio is 13.46. Market capitalization is 38.65 B EUR. Heineken operates in the Non-cyclical consumption sector.

Heineken stock price

Ex-Dividend
Details

Stock Price

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How to Read This Chart

This chart tracks the historical stock price of Heineken over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Heineken stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Heineken's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Heineken Stock Price History
DateHeineken Price
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Heineken Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2006
12.21 B EUR
1.81 B EUR
1.21 B EUR
Jan 1, 2007
11.27 B EUR
1.36 B EUR
807 M EUR
Jan 1, 2008
14.32 B EUR
1.53 B EUR
209 M EUR
Jan 1, 2009
14.7 B EUR
1.78 B EUR
1.02 B EUR
Jan 1, 2010
16.13 B EUR
2.06 B EUR
1.45 B EUR
Jan 1, 2011
17.19 B EUR
2.27 B EUR
1.43 B EUR
Jan 1, 2012
18.38 B EUR
3.67 B EUR
2.91 B EUR
Jan 1, 2013
19.2 B EUR
2.55 B EUR
1.36 B EUR
Jan 1, 2014
19.26 B EUR
2.79 B EUR
1.52 B EUR
Jan 1, 2015
20.51 B EUR
2.76 B EUR
1.89 B EUR
Jan 1, 2016
20.79 B EUR
3.03 B EUR
1.54 B EUR
Jan 1, 2017
21.61 B EUR
3.33 B EUR
1.94 B EUR
Jan 1, 2018
22.49 B EUR
3.31 B EUR
1.91 B EUR
Jan 1, 2019
23.97 B EUR
3.69 B EUR
2.17 B EUR
Jan 1, 2020
19.72 B EUR
2.03 B EUR
-204 M EUR

Heineken Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 10, 2026, 6:25 PM
 
REVENUE (M EUR)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (M EUR)
NET INCOME (M EUR)
NET INCOME GROWTH (%)
DIV. (EUR)
DIV. GROWTH (%)
SHARES (M)
DOCUMENTS
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Heineken generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Heineken retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Heineken's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Heineken has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Heineken's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Heineken stock margins

The Heineken margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Heineken. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Heineken.

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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2006
48.82 %
14.79 %
9.92 %
Jan 1, 2007
48.19 %
12.1 %
7.16 %
Jan 1, 2008
45.67 %
10.65 %
1.46 %
Jan 1, 2009
46.77 %
12.09 %
6.92 %
Jan 1, 2010
49.85 %
12.78 %
8.97 %
Jan 1, 2011
50.83 %
13.2 %
8.32 %
Jan 1, 2012
48.91 %
19.99 %
15.85 %
Jan 1, 2013
50.45 %
13.26 %
7.1 %
Jan 1, 2014
51.5 %
14.48 %
7.87 %
Jan 1, 2015
51.01 %
13.45 %
9.22 %
Jan 1, 2016
51.89 %
14.59 %
7.41 %
Jan 1, 2017
50.78 %
15.4 %
8.95 %
Jan 1, 2018
50.3 %
14.72 %
8.51 %
Jan 1, 2019
50.27 %
15.41 %
9.04 %
Jan 1, 2020
48.05 %
10.31 %
-1.03 %

Heineken Stock Revenue, EBIT, Earnings per Share

The Heineken earnings per share therefore indicates how much revenue Heineken has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2006
24.91 EUR
3.68 EUR
2.47 EUR
Jan 1, 2007
23.01 EUR
2.78 EUR
1.65 EUR
Jan 1, 2008
29.22 EUR
3.11 EUR
0.43 EUR
Jan 1, 2009
30 EUR
3.63 EUR
2.08 EUR
Jan 1, 2010
28.66 EUR
3.66 EUR
2.57 EUR
Jan 1, 2011
29.89 EUR
3.94 EUR
2.49 EUR
Jan 1, 2012
31.91 EUR
6.38 EUR
5.06 EUR
Jan 1, 2013
33.34 EUR
4.42 EUR
2.37 EUR
Jan 1, 2014
33.43 EUR
4.84 EUR
2.63 EUR
Jan 1, 2015
35.8 EUR
4.81 EUR
3.3 EUR
Jan 1, 2016
36.48 EUR
5.32 EUR
2.7 EUR
Jan 1, 2017
37.84 EUR
5.83 EUR
3.39 EUR
Jan 1, 2018
39.39 EUR
5.8 EUR
3.35 EUR
Jan 1, 2019
41.76 EUR
6.44 EUR
3.77 EUR
Jan 1, 2020
34.23 EUR
3.53 EUR
-0.35 EUR

Heineken business model & stock analysis

Heineken NV is one of the world's leading companies in the beer and beverage industry. The company was founded in 1864 by Gerard Adriaan Heineken in Amsterdam and is still family-owned today. It operates in more than 70 countries and employs over 85,000 people worldwide. Heineken's history is closely linked to the history of the Netherlands and the world. The company has significantly shaped the beer market in Europe and worldwide. For example, Heineken was the first Dutch company to offer its beer in bottles and was instrumental in the introduction of beer in cans. The business model of Heineken is based on producing and distributing high-quality and innovative beers and beverages. The company values quality, sustainability, and responsibility. Heineken advocates for responsible alcohol consumption and is involved in research and development to create healthier alcohol products. Heineken operates in three different business segments: brewing and beverages, sales, and finance. Brewing and beverages are the largest part of the company, involving production, distribution, and marketing of beers and beverages. Heineken offers a wide range of products, including Heineken, Amstel, Desperados, Strongbow, Sol, Tiger, Moretti, and Birra Moretti. The company covers both the premium and mainstream markets. Heineken's sales segment is responsible for placing the company's products in retail, bars, restaurants, and other sales outlets. The company has a global distribution network and maintains long-term relationships with customers and partners worldwide. Heineken's finance segment supports the company in investments, financing, and risk management. The company has a strong financial position and a robust balance sheet structure, allowing it to invest in new projects and markets. Heineken is also known for its innovative marketing campaigns. The company relies on creative and engaging campaigns to promote its products and strengthen its brand. Heineken's "Open Your World" campaign is an example of a successful campaign that has made the Heineken brand known worldwide. In terms of sustainability, Heineken has taken several initiatives to improve its environmental footprint and operate responsibly. For example, in 2018, Heineken announced its goal to reduce its global water consumption by 30% by 2030. In summary, Heineken is a leading company in the beer and beverage industry known for its high-quality and innovative products, strong financial position, and commitment to the environment and society. The company has a long history and a wide range of products covering both the mainstream and premium markets. With a strong global distribution network and a dedicated marketing strategy, Heineken is well positioned for future success.

Heineken SWOT Analysis

Strengths

Heineken NV has several strengths that contribute to its success in the global market:

  • Strong brand presence and recognition worldwide
  • Extensive distribution network enabling wide market reach
  • Diverse product portfolio, including popular beer brands
  • Excellent financial performance and profitability
  • Strong commitment to corporate social responsibility initiatives

Weaknesses

Despite its strengths, Heineken NV also faces certain weaknesses:

  • Limited presence in emerging markets compared to competitors
  • Vulnerability to changing consumer preferences and health concerns
  • Reliance on third-party suppliers for raw materials
  • Dependency on traditional beer market, less diversified product range

Opportunities

Heineken NV can take advantage of the following opportunities:

  • Growth potential in emerging markets, such as Asia and Africa
  • Increasing demand for craft beers and specialty beverages
  • Expanding into non-alcoholic beverage market
  • Acquiring or partnering with local breweries to gain market share

Threats

Heineken NV should be aware of the following threats:

  • Intense competition from other global and local beer brands
  • Changing regulations and taxation policies affecting the alcohol industry
  • Shifting consumer preferences towards healthier and non-alcoholic options
  • Political and economic uncertainties influencing market conditions

Heineken Eulerpool Fair Value

Heineken historical P/E ratio, EBIT multiple, and P/S ratio

Heineken annual returns

Details

Annual Return

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What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Heineken shares outstanding

The number of shares was Heineken in 2025 — This indicates how many shares 557.025 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

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Number of stocks
Details
Date
Number of stocks
Jan 1, 2006
490 M base_Shares
Jan 1, 2007
490 M base_Shares
Jan 1, 2008
490 M base_Shares
Jan 1, 2009
490 M base_Shares
Jan 1, 2010
563 M base_Shares
Jan 1, 2011
575 M base_Shares
Jan 1, 2012
576 M base_Shares
Jan 1, 2013
576 M base_Shares
Jan 1, 2014
576 M base_Shares
Jan 1, 2015
573 M base_Shares
Jan 1, 2016
570 M base_Shares
Jan 1, 2017
571 M base_Shares
Jan 1, 2018
571 M base_Shares
Jan 1, 2019
574 M base_Shares
Jan 1, 2020
576 M base_Shares

Heineken Dividend History

37 years of dividend payments

YearAnnual DividendYoY ChangePayments
20261.16EURYTD—1×
Apr 27, 20261.16EUR↑ 56.8%1/1
20251.91EUR↑ 10.4%2×
Apr 23, 20251.17EUR↑ 69.6%1/2
Jul 30, 20250.74EUR↓ 36.8%2/2
20241.73EUR↓ 9.9%2×
20231.92EUR↑ 31.5%2×
20221.46EUR↑ 49.0%2×
20210.98EUR↓ 5.8%2×
20201.04EUR↓ 37.0%1×
20191.65EUR↑ 8.6%2×
20181.52EUR↑ 11.8%2×
20171.36EUR↓ 1.4%2×

Heineken dividend history and estimates

In 2025, Heineken paid a dividend amounting to 1.91 EUR. Dividend means that Heineken distributes a portion of its profits to its owners.

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Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2006
0.4 EUR
0 EUR
Jan 1, 2007
0.68 EUR
0 EUR
Jan 1, 2008
0.74 EUR
0 EUR
Jan 1, 2009
0.59 EUR
0 EUR
Jan 1, 2010
0.66 EUR
0 EUR
Jan 1, 2011
0.8 EUR
0 EUR
Jan 1, 2012
0.86 EUR
0 EUR
Jan 1, 2013
0.92 EUR
0 EUR
Jan 1, 2014
0.89 EUR
0 EUR
Jan 1, 2015
1.18 EUR
0 EUR
Jan 1, 2016
1.38 EUR
0 EUR
Jan 1, 2017
1.36 EUR
0 EUR
Jan 1, 2018
1.52 EUR
0 EUR
Jan 1, 2019
1.65 EUR
0 EUR
Invalid Date
1.04 EUR
1.04 EUR

Heineken dividend payout ratio

In 2025, Heineken had a payout ratio of 29.45%. The payout ratio indicates the percentage of the company's profits that Heineken distributes as dividends.

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Payout ratio
Details
Date
Payout ratio
Jan 1, 2006
16.19 %
Jan 1, 2007
41.21 %
Jan 1, 2008
172.09 %
Jan 1, 2009
28.37 %
Jan 1, 2010
25.68 %
Jan 1, 2011
32.13 %
Jan 1, 2012
17 %
Jan 1, 2013
38.82 %
Jan 1, 2014
33.84 %
Jan 1, 2015
35.76 %
Jan 1, 2016
51.11 %
Jan 1, 2017
40.24 %
Jan 1, 2018
45.37 %
Jan 1, 2019
43.77 %
Jan 1, 2020
-297.14 %
Price targets and forecasts for Heineken are not yet available.

Heineken Earnings Estimates

Heineken Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
8/1/20222.14EUR12.92 BEUR2022 Q2
2/16/20221.9EUR12.04 BEUR2021 Q4
8/2/20211.11EUR10.06 BEUR2021 Q2
2/10/20211.66EUR10.91 BEUR2020 Q4
8/3/20200.83EUR9.25 BEUR2020 Q2
2/12/20202.53EUR12.64 BEUR2019 Q4
7/29/20192.21EUR11.69 BEUR2019 Q2
2/13/20192.26EUR11.92 BEUR2018 Q4
7/30/20181.99EUR11.05 BEUR2018 Q2
2/12/20182.11EUR11.41 BEUR2017 Q4

EESG©

Eulerpool ESG Scorecard© for the Heineken stock

66/100
66
Environment
74
Social
56
Governance
E

Environment

20
Scope 1 - Direct Emissions974,000
Scope 2 - Indirect emissions from purchased energy863,000
Scope 3 - Indirect emissions within the value chain14,815,000
Total CO₂ emissions1,837,000
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides—
Palm Oil
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees26
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Heineken shareholder structure

% Name
51.70868%
Heineken Family
Heineken Family
2.23707%
MFS Investment Management
MFS Investment Management
1.59394%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.02826%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
1.00541%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
0.94149%
Schroder Investment Management North America Inc.
Schroder Investment Management North America Inc.
0.77705%
JP Morgan Asset Management
JP Morgan Asset Management
0.77701%
Nuveen LLC
Nuveen LLC
0.7491%
JPMorgan Asset Management U.K. Limited
JPMorgan Asset Management U.K. Limited
0.6814%
Franklin Mutual Advisers, LLC
Franklin Mutual Advisers, LLC
...

Heineken Executives and Management Board

DB

Mr. Dolf van Den Brink

(52)

Chairman of Executive Board, Chief Executive Officer

Compensation9 M EUR
HB

Mr. Harold van den Broek

(58)

Chief Financial Officer, Member of the Executive Board

Compensation5 M EUR
RR

Mrs. Rosemary Ripley

(71)

Independent Member of the Supervisory Board

Compensation220,000 EUR
PW

Mrs. Pamela Mars Wright

(65)

Independent Member of the Supervisory Board

Compensation215,000 EUR
MC

Mr. Michel de Carvalho

(81)

Member of the Supervisory Board

Compensation200,000 EUR

Frequently asked questions about Heineken

Heineken NV's business model revolves around being a global beer manufacturer and distributor. The company focuses on producing and selling a wide range of beer brands to meet the preferences of consumers worldwide. Heineken NV follows a strategy of offering a diverse portfolio of beer products, including its flagship Heineken brand, as well as Amstel, Desperados, and Strongbow, among others. The company operates through a combination of own breweries, joint ventures, and licensed partnership arrangements, ensuring a strong market presence across different regions. By continually investing in marketing, innovation, and sustainable practices, Heineken NV aims to drive growth and maintain its leading position in the global beer industry.

All fundamentals and in-depth analysis of Heineken

Our stock analysis for Heineken Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Heineken Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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