In fiscal 2026, which ended Apr 30, 2026, Brown Forman Corp reported revenue of $3.9 billion, down 1.2% from the year before. Net income was $715.0 million, a profit margin of 18.2%. Operating income came to $1.0 billion, an operating margin of 25.5%. Diluted earnings per share were $1.53. Over the twelve months ended Jul 31, 2026, revenue was $3.9 billion and net income was $721.0 million. Across the 8 fiscal years shown, revenue grew from $3.3 billion in fiscal 2019 to $3.9 billion in fiscal 2026, about 2.4% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2027
Jul 31, 2026
|
FY 2026
Apr 30, 2026
|
FY 2025
Apr 30, 2025
|
FY 2024
Apr 30, 2024
|
FY 2023
Apr 30, 2023
|
FY 2022
Apr 30, 2022
|
FY 2021
Apr 30, 2021
|
FY 2020
Apr 30, 2020
|
FY 2019
Apr 30, 2019
|
FY 2018
Apr 30, 2018
|
FY 2017
Apr 30, 2017
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
3,915
-0.8%
|
3,928
-1.2%
|
3,975
-4.9%
|
4,178
-1.2%
|
4,228
+7.5%
|
3,933
+13.6%
|
3,461
+2.9%
|
3,363
+1.2%
|
3,324
|
—
|
—
|
| Cost of revenue |
1,540
-4.8%
|
1,550
-5.0%
|
1,632
-1.2%
|
1,652
-4.7%
|
1,734
+12.5%
|
1,542
+12.8%
|
1,367
+10.6%
|
1,236
+6.7%
|
1,158
+10.7%
|
1,046
+7.5%
|
973
+3.0%
|
| Gross profit |
2,375
+1.9%
|
2,378
+1.5%
|
2,343
-7.2%
|
2,526
+1.3%
|
2,494
+4.3%
|
2,391
+14.2%
|
2,094
-1.6%
|
2,127
-1.8%
|
2,166
-1.6%
|
2,202
+9.0%
|
2,021
-5.7%
|
| Selling, general and administrative |
815
+11.2%
|
807
+8.5%
|
744
-9.9%
|
826
+11.3%
|
742
+7.5%
|
690
+2.8%
|
671
+4.5%
|
642
+0.2%
|
641
-16.2%
|
765
+16.4%
|
657
-4.5%
|
| Other operating income (expense) |
28
-67.4%
|
43
-56.6%
|
99
+682.4%
|
-17
+85.7%
|
-119
-101.7%
|
-59
-493.3%
|
15
+236.4%
|
-11
-173.3%
|
15
-6.2%
|
16
-11.1%
|
18
+100.0%
|
| Restructuring and impairment |
—
|
19
-58.7%
|
46
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Operating income |
993
-8.6%
|
1,001
-9.6%
|
1,107
-21.7%
|
1,414
+25.5%
|
1,127
-6.4%
|
1,204
+3.3%
|
1,166
+6.9%
|
1,091
-4.6%
|
1,144
+9.2%
|
1,048
+3.8%
|
1,010
-34.1%
|
| Pretax income |
894
-14.7%
|
885
-18.1%
|
1,081
-16.7%
|
1,298
+27.6%
|
1,017
-8.7%
|
1,114
+3.1%
|
1,081
+7.1%
|
1,009
-3.2%
|
1,042
+6.7%
|
977
+4.7%
|
933
-37.3%
|
| Income tax |
173
-15.2%
|
170
-19.8%
|
212
-22.6%
|
274
+17.1%
|
234
-15.2%
|
276
+55.1%
|
178
-2.2%
|
182
-12.1%
|
207
-20.4%
|
260
-1.5%
|
264
-37.4%
|
| Net income |
721
-14.6%
|
715
-17.7%
|
869
-15.1%
|
1,024
+30.8%
|
783
-6.6%
|
838
-7.2%
|
903
+9.2%
|
827
-1.0%
|
835
+16.5%
|
717
+7.2%
|
669
-37.3%
|
| Basic EPS |
1.56
-12.8%
|
1.53
-16.8%
|
1.84
-14.4%
|
2.15
+31.9%
|
1.63
-6.9%
|
1.75
-7.4%
|
1.89
+9.2%
|
1.73
-0.6%
|
1.74
+16.8%
|
1.49
+8.0%
|
1.38
-34.3%
|
| Diluted EPS |
1.56
-12.8%
|
1.53
-16.8%
|
1.84
-14.0%
|
2.14
+31.3%
|
1.63
-6.3%
|
1.74
-7.4%
|
1.88
+9.3%
|
1.72
-0.6%
|
1.73
+16.9%
|
1.48
+8.0%
|
1.37
-34.4%
|
| Weighted average shares, basic |
463
-2.1%
|
466
-1.3%
|
473
-0.8%
|
476
-0.6%
|
479
+0.1%
|
479
+0.1%
|
479
+0.2%
|
478
-0.2%
|
479
-0.3%
|
480
-0.9%
|
485
-4.5%
|
| Weighted average shares, diluted |
463
-2.0%
|
467
-1.3%
|
473
-0.9%
|
477
-0.7%
|
480
-0.0%
|
481
-0.0%
|
481
+0.1%
|
480
-0.3%
|
482
-0.5%
|
484
-0.8%
|
488
-4.4%
|
| Other measures | |||||||||||
| Depreciation and amortization |
93
+6.9%
|
92
+5.7%
|
87
+0.0%
|
87
+8.8%
|
80
+1.3%
|
79
+2.6%
|
77
+4.1%
|
74
+2.8%
|
72
+12.5%
|
64
+10.3%
|
58
+3.6%
|
| EBITDA |
1,086
-7.4%
|
1,093
-8.5%
|
1,194
-20.5%
|
1,501
+24.4%
|
1,207
-5.9%
|
1,283
+3.2%
|
1,243
+6.7%
|
1,165
-4.2%
|
1,216
+9.4%
|
1,112
+4.1%
|
1,068
-32.8%
|
| Interest coverage |
9.64x
|
9.72x
|
9.07x
|
11.13x
|
12.52x
|
14.68x
|
14.40x
|
13.30x
|
13.00x
|
15.41x
|
17.12x
|
| Margins | |||||||||||
| Gross margin |
60.66%
|
60.54%
|
58.94%
|
60.46%
|
58.99%
|
60.79%
|
60.50%
|
63.25%
|
65.16%
|
—
|
—
|
| Operating margin |
25.36%
|
25.48%
|
27.85%
|
33.84%
|
26.66%
|
30.61%
|
33.69%
|
32.44%
|
34.42%
|
—
|
—
|
| Pretax margin |
22.84%
|
22.53%
|
27.19%
|
31.07%
|
24.05%
|
28.32%
|
31.23%
|
30.00%
|
31.35%
|
—
|
—
|
| Profit margin |
18.42%
|
18.20%
|
21.86%
|
24.51%
|
18.52%
|
21.31%
|
26.09%
|
24.59%
|
25.12%
|
—
|
—
|
| EBITDA margin |
27.74%
|
27.83%
|
30.04%
|
35.93%
|
28.55%
|
32.62%
|
35.91%
|
34.64%
|
36.58%
|
—
|
—
|
| Effective tax rate |
19.35%
|
19.21%
|
19.61%
|
21.11%
|
23.01%
|
24.78%
|
16.47%
|
18.04%
|
19.87%
|
26.61%
|
28.30%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.