Brown-Forman (BF.A) Financial Statements & Analysis

Brown-Forman (BF.A) Income Statement

Brown-Forman reported revenue of $3.93B in fiscal 2026 (fiscal year ended Apr 30, 2026), down 1.2% from $3.98B a year earlier. Net income was $715.00M, down 17.7% year over year, a net margin of 18.2%. Gross margin was 60.5% and operating margin 28.2%. In the most recent quarter, Q1 fiscal 2027 (ended Jul 31, 2026), revenue was $911.00M, down 1.4% from the same quarter a year earlier.

Brown-Forman Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Brown-Forman Corporation income statement - Annual data in billions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Apr 2026	Apr 2025	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017
Revenue & Gross Profit
Revenue	3.93	3.98	4.18	4.23	3.93	3.46	3.36	3.32	3.25	2.99
Cost of Revenue	1.55	1.63	1.65	1.73	1.54	1.37	1.24	1.16	1.05	0.97
Gross Profit	2.38	2.34	2.53	2.49	2.39	2.09	2.13	2.17	2.20	2.02
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	1.27	1.23	1.36	1.25	1.14	1.07	1.03	1.04	1.17	1.03
Operating Expenses	1.27	1.13	1.38	1.37	1.19	0.93	1.04	1.02	1.15	1.01
Operating Income	1.11	1.21	1.15	1.13	1.20	1.17	1.09	1.14	1.05	1.01
Other Income/Expense
Interest Income	0.00	0.02	0.01	0.01	0.01	0.00	0.01	0.01	0.01	0.00
Interest Expense	0.09	0.12	0.13	0.09	-0.08	-0.08	0.08	0.09	0.07	0.06
Other Income/Expense	-0.22	-0.03	0.15	-0.03	-0.09	-0.09	-0.08	-0.10	-0.07	-0.08
Income
Income Before Tax	0.89	1.08	1.30	1.02	1.11	1.08	1.01	1.04	0.98	0.93
Income Tax Expense	0.17	0.21	0.27	0.23	0.28	0.18	0.18	0.21	0.26	0.26
Net Income	0.72	0.87	1.02	0.78	0.84	0.90	0.83	0.84	0.72	0.67
Net Income - Continuous Operations	0.72	0.87	1.02	0.78	0.84	0.90	0.83	0.84	0.72	0.67
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	1.11	1.29	1.51	1.19	1.32	1.24	1.17	1.20	1.11	1.05
EBIT	1.10	1.20	1.43	1.11	1.24	1.17	-	-	-	-
Depreciation & Amortization	0.00	0.09	0.09	0.08	0.08	0.08	0.07	0.07	0.06	0.06
Earnings Per Share
Basic EPS	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	1.00	1.00
Diluted EPS	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	1.00	1.00
Basic Shares Outstanding	0.47	0.47	0.48	0.48	0.48	0.48	0.48	0.48	0.48	0.48
Diluted Shares Outstanding	0.47	0.47	0.48	0.48	0.48	0.48	0.48	0.48	0.48	0.49

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About Brown-Forman Financial Statements

What was Brown-Forman's revenue in fiscal 2026?

Brown-Forman reported revenue of $3.93B in fiscal 2026 (fiscal year ended Apr 30, 2026). That was down 1.2% from $3.98B a year earlier.

Is Brown-Forman profitable?

Yes. Brown-Forman earned net income of $715.00M in fiscal 2026, a net margin of 18.2%. In fiscal 2025 it earned $869.00M.

What is Brown-Forman's operating margin?

Brown-Forman's operating income was $1.11B on revenue of $3.93B in fiscal 2026, an operating margin of 28.2%, compared with 30.5% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition