Brown Forman Financial Statements
NYSE: BF.BConsumer DefensiveBeverages - Wineries & DistilleriesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Brown Forman revenue and earnings
In fiscal 2026, Brown Forman generated $3.93 billion in revenue, down 1.2% from fiscal 2025, its first annual decline since 2025. Net income was $715.0 million (-17.7% year over year), for a net margin of 18.2% versus a median of 21.9% in the prior 5 years. Gross margin was 60.5% (up from 58.9%) and operating margin 25.5%.
Diluted earnings per share came in at $1.53, down from $1.84. Over the last 5 fiscal years, BF.B's revenue has grown at a 2.6% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Brown Forman income statement (annual)
| Fiscal year (USD) | FY 20262026-04-30 | FY 20252025-04-30 | FY 20242024-04-30 | FY 20232023-04-30 | FY 20222022-04-30 | FY 20212021-04-30 | FY 20202020-04-30 | FY 20192019-04-30 | FY 20182018-04-30 | FY 20172017-04-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.93B | 3.98B | 4.18B | 4.23B | 3.93B | 3.46B | 3.36B | 3.32B | 3.25B | 2.99B |
| Revenue growth (YoY) | -1.18% | -4.86% | -1.18% | +7.50% | +13.64% | +2.91% | +1.17% | +2.34% | +8.48% | -25.36% |
| Cost of Revenue | 1.55B | 1.63B | 1.65B | 1.73B | 1.54B | 1.37B | 1.24B | 1.16B | 1.05B | 973.00M |
| Gross Profit | 2.38B | 2.34B | 2.53B | 2.49B | 2.39B | 2.09B | 2.13B | 2.17B | 2.20B | 2.02B |
| Operating Expenses | 1.38B | 1.24B | 1.11B | 1.37B | 1.19B | 928.00M | 1.04B | 1.02B | 1.15B | 1.01B |
| Selling, General & Admin | 807.00M | 744.00M | 826.00M | 742.00M | 690.00M | 671.00M | 642.00M | 641.00M | 765.00M | 657.00M |
| Operating Income | 1.00B | 1.11B | 1.41B | 1.13B | 1.20B | 1.17B | 1.09B | 1.14B | 1.05B | 1.01B |
| Interest Expense | 103.00M | 122.00M | 127.00M | 90.00M | 82.00M | 81.00M | 82.00M | 88.00M | 68.00M | 59.00M |
| Pretax Income | 885.00M | 1.08B | 1.30B | 1.02B | 1.11B | 1.08B | 1.01B | 1.04B | 977.00M | 933.00M |
| Income Tax | 170.00M | 212.00M | 274.00M | 234.00M | 276.00M | 178.00M | 182.00M | 207.00M | 260.00M | 264.00M |
| Net Income | 715.00M | 869.00M | 1.02B | 783.00M | 838.00M | 903.00M | 827.00M | 835.00M | 717.00M | 669.00M |
| Net Income growth (YoY) | -17.72% | -15.14% | +30.78% | -6.56% | -7.20% | +9.19% | -0.96% | +16.46% | +7.17% | -37.30% |
| EPS (Basic) | 1.53 | 1.84 | 2.15 | 1.63 | 1.75 | 1.89 | 1.73 | 1.74 | 1.49 | 1.38 |
| EPS (Diluted) | 1.53 | 1.84 | 2.14 | 1.63 | 1.74 | 1.88 | 1.72 | 1.73 | 1.48 | 1.37 |
| Shares Outstanding (Basic) | 466.33M | 472.65M | 476.39M | 479.15M | 478.88M | 478.53M | 477.76M | 478.96M | 480.32M | 484.63M |
| Shares Outstanding (Diluted) | 466.73M | 472.95M | 477.22M | 480.46M | 480.56M | 480.68M | 480.41M | 482.07M | 484.25M | 488.08M |
| EBITDA | 1.09B | 1.19B | 1.50B | 1.21B | 1.28B | 1.24B | 1.17B | 1.22B | 1.11B | 1.07B |
| Gross Margin | 60.54% | 58.94% | 60.46% | 58.99% | 60.79% | 60.50% | 63.25% | 65.16% | 67.80% | 67.50% |
| Operating Margin | 25.48% | 27.85% | 33.84% | 26.66% | 30.61% | 33.69% | 32.44% | 34.42% | 32.27% | 33.73% |
| Net Margin | 18.20% | 21.86% | 24.51% | 18.52% | 21.31% | 26.09% | 24.59% | 25.12% | 22.08% | 22.34% |
This table shows 10 annual periods of Brown Forman's income statement, from FY 2026 back to FY 2017, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow BF.B's reporting calendar. What is a income statement?