Brown-Forman Corporation (BF-B) Income Statement
BF-B FY2026 at a glance
Fiscal year ended April 30, 2026 · U.S. dollarsBF-B revenue and net income
Where BF-B's revenue goes
FY2026Each bar shows an amount and its share of revenue. BF-B kept 18.2% of revenue as net income.
BF-B profit margins
BF-B growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −1.2% | −2.4% | +2.6% | +2.4% |
| Gross profit | +1.5% | −1.6% | +2.6% | +1.0% |
| Operating income | −5.0% | −0.5% | −1.0% | −3.2% |
| Net income | −17.7% | −3.0% | −4.6% | −3.9% |
| EPS (diluted) | −16.8% | −2.1% | −0.9% | +1.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BF-B quarterly EPS vs estimates
Brown-Forman beat the analyst EPS estimate in 4 of the last 8 quarters.
BF-B income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.93B | $3.98B | $4.18B | $4.23B | $3.93B | $3.46B | $3.36B | $3.32B | $3.25B | $2.99B |
| Cost of revenue | $1.55B | $1.63B | $1.65B | $1.73B | $1.54B | $1.37B | $1.24B | $1.16B | $1.05B | $973.0M |
| Gross profit | $2.38B | $2.34B | $2.53B | $2.49B | $2.39B | $2.09B | $2.13B | $2.17B | $2.20B | $2.02B |
| Sales, general & admin | $1.27B | $744.0M | $1.35B | $1.25B | $1.13B | $671.0M | $1.02B | $1.04B | $1.18B | $1.05B |
| Total operating expenses | $1.27B | $1.18B | $1.38B | $1.37B | $1.19B | $928.0M | $1.04B | $1.02B | $1.16B | $1.03B |
| Operating income | $1.11B | $1.17B | $1.15B | $1.13B | $1.20B | $1.17B | $1.09B | $1.14B | $1.04B | $989.0M |
| Interest income | $14.0M | $17.0M | $14.0M | $9.0M | $5.0M | $2.0M | $5.0M | $8.0M | $6.0M | $3.0M |
| Interest expense | $89.0M | $122.0M | $127.0M | $90.0M | $82.0M | $81.0M | $82.0M | $88.0M | $62.0M | $56.0M |
| Income before taxes | $885.0M | $1.08B | $1.30B | $1.02B | $1.11B | $1.08B | $1.01B | $1.04B | $977.0M | $933.0M |
| Income taxes | $170.0M | $212.0M | $274.0M | $234.0M | $276.0M | $178.0M | $182.0M | $207.0M | $260.0M | $264.0M |
| Net income | $715.0M | $869.0M | $1.02B | $783.0M | $838.0M | $903.0M | $827.0M | $835.0M | $717.0M | $669.0M |
| EBITDA | $1.20B | $1.29B | $1.51B | $1.19B | $1.27B | $1.24B | $1.17B | $1.20B | $1.10B | $1.05B |
| EPS (diluted) | $1.53 | $1.84 | $2.14 | $1.63 | $1.74 | $1.60 | $1.73 | $1.73 | $1.68 | $1.37 |
| Gross margin | 60.5% | 58.9% | 60.5% | 59.0% | 60.8% | 60.5% | 63.2% | 65.2% | 67.8% | 67.5% |
| Operating margin | 28.2% | 29.4% | 27.5% | 26.7% | 30.6% | 33.7% | 32.4% | 34.4% | 32.0% | 33.0% |
| Net margin | 18.2% | 21.9% | 24.5% | 18.5% | 21.3% | 26.1% | 24.6% | 25.1% | 22.1% | 22.3% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $911.0M | $912.0M | $1.06B | $1.04B | $924.0M | $894.0M | $1.03B | $1.09B | $951.0M | $964.0M | $1.07B | $1.11B |
| Cost of revenue | $362.0M | $341.0M | $416.0M | $421.0M | $372.0M | $381.0M | $416.0M | $449.0M | $386.0M | $395.0M | $434.0M | $436.0M |
| Gross profit | $549.0M | $571.0M | $640.0M | $615.0M | $552.0M | $513.0M | $619.0M | $646.0M | $565.0M | $569.0M | $635.0M | $671.0M |
| Sales, general & admin | $299.0M | $355.0M | $184.0M | $187.0M | $177.0M | $193.0M | $303.0M | $311.0M | $188.0M | $231.0M | $203.0M | $332.0M |
| Total operating expenses | $297.0M | $355.0M | $297.0M | $306.0M | $280.0M | $281.0M | $308.0M | $305.0M | $284.0M | $194.0M | $262.0M | $332.0M |
| Operating income | $252.0M | $216.0M | $343.0M | $309.0M | $272.0M | $232.0M | $311.0M | $341.0M | $281.0M | $375.0M | $373.0M | $339.0M |
| Interest income | $3.0M | $3.0M | $4.0M | $3.0M | $4.0M | $5.0M | $5.0M | $3.0M | $4.0M | $7.0M | $3.0M | $2.0M |
| Interest expense | $25.0M | $23.0M | $26.0M | $26.0M | $25.0M | $27.0M | $31.0M | $32.0M | $32.0M | $34.0M | $33.0M | $31.0M |
| Income before taxes | $229.0M | $71.0M | $315.0M | $279.0M | $220.0M | $183.0M | $332.0M | $313.0M | $253.0M | $347.0M | $342.0M | $310.0M |
| Income taxes | $53.0M | $17.0M | $48.0M | $55.0M | $50.0M | $37.0M | $62.0M | $55.0M | $58.0M | $81.0M | $57.0M | $68.0M |
| Net income | $176.0M | $54.0M | $267.0M | $224.0M | $170.0M | $146.0M | $270.0M | $258.0M | $195.0M | $266.0M | $285.0M | $242.0M |
| EBITDA | $277.0M | $118.0M | $365.0M | $327.0M | $267.0M | $231.0M | $385.0M | $367.0M | $307.0M | $402.0M | $400.0M | $361.0M |
| EPS (diluted) | $0.38 | $0.12 | $0.58 | $0.47 | $0.36 | $0.31 | $0.57 | $0.55 | $0.41 | $0.56 | $0.60 | $0.50 |
| Gross margin | 60.3% | 62.6% | 60.6% | 59.4% | 59.7% | 57.4% | 59.8% | 59.0% | 59.4% | 59.0% | 59.4% | 60.6% |
| Operating margin | 27.7% | 23.7% | 32.5% | 29.8% | 29.4% | 26.0% | 30.0% | 31.1% | 29.5% | 38.9% | 34.9% | 30.6% |
| Net margin | 19.3% | 5.9% | 25.3% | 21.6% | 18.4% | 16.3% | 26.1% | 23.6% | 20.5% | 27.6% | 26.7% | 21.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BF-B's financial statements (latest annual report filed June 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BF-B financial results
In fiscal year 2026 (ended April 30, 2026), Brown-Forman reported revenue of $3.9 billion, down 1.2% from the year before. It had net income of $715.0 million (down 17.7%), a net profit margin of 18.2%. Diluted earnings per share came to $1.53. Over five years revenue grew at an average rate of 2.6% a year.
See the BF-B stock overview for the latest quote and news, or the BF-B chart for price history and technical indicators.
BF-B income statement FAQ
What is Brown-Forman's annual revenue?
Brown-Forman reported total revenue of $3.9 billion for fiscal year 2026, which ended on April 30, 2026. That was down 1.2% from $4.0 billion the previous year.
Is Brown-Forman profitable?
Yes. Brown-Forman reported net income of $715.0 million in fiscal 2026, a net profit margin of 18.2%; its operating margin was 28.2%.
What is Brown-Forman's gross margin?
Brown-Forman's gross margin was 60.5% in fiscal 2026: for every $100 of revenue, Brown-Forman kept $61 after the direct cost of its products and services.
How fast is Brown-Forman growing?
Revenue grew 2.6% a year on average over the last five fiscal years, from $3.5 billion to $3.9 billion.
What are Brown-Forman's earnings per share?
Brown-Forman earned $1.53 per diluted share in fiscal 2026, compared with $1.84 a year earlier.
When does Brown-Forman's fiscal year end?
Brown-Forman's fiscal year ends in April. The latest annual report covers the year ended April 30, 2026 and was filed on June 12, 2026.