Brown Forman Corp (BF.A) stock
BF.ANYSEBeveragesFiscal year ends April 30Also trades as BF.B
Financials through Q1 FY2027, quarter ended Jul 31, 2026Last filing: 10-Q on Sep 2, 2026Score 18/3024% below fair value
$28.75+0.22 (+0.77%)
Close on Oct 29, 2026Market cap $13.19BP/E 18.5Yield 3.18%
Brown Forman operating margin
Operating margin is operating income as a percentage of revenue.
Brown Forman's operating margin for the twelve months ending Jul 31, 2026 was 25.4%. For fiscal 2026 it was 25.5%, against 27.8% the year before. The highest annual figure on record is 38.2% in fiscal 2016.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2026 | Apr 30, 2026 | 25.5% | −2.4 |
| FY2025 | Apr 30, 2025 | 27.8% | −6.0 |
| FY2024 | Apr 30, 2024 | 33.8% | +7.2 |
| FY2023 | Apr 30, 2023 | 26.7% | −4.0 |
| FY2022 | Apr 30, 2022 | 30.6% | −3.1 |
| FY2021 | Apr 30, 2021 | 33.7% | +1.2 |
| FY2020 | Apr 30, 2020 | 32.4% | −2.0 |
| FY2019 | Apr 30, 2019 | 34.4% | +2.2 |
| FY2018 | Apr 30, 2018 | 32.3% | −1.5 |
| FY2017 | Apr 30, 2017 | 33.7% | −4.5 |
| FY2016 | Apr 30, 2016 | 38.2% | +13.1 |
| FY2015 | Apr 30, 2015 | 25.1% | +0.5 |
| FY2014 | Apr 30, 2014 | 24.6% | +0.9 |
| FY2013 | Apr 30, 2013 | 23.7% | +1.9 |
| FY2012 | Apr 30, 2012 | 21.8% | −3.3 |
| FY2011 | Apr 30, 2011 | 25.1% | +3.1 |
| FY2010 | Apr 30, 2010 | 22.0% | +1.3 |
| FY2009 | Apr 30, 2009 | 20.7% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q1 FY2027 | Jul 31, 2026 | 27.7% | −0.5 |
| Q4 FY2026 | Apr 30, 2026 | 10.5% | −12.4 |
| Q3 FY2026 | Jan 31, 2026 | 32.2% | +5.1 |
| Q2 FY2026 | Oct 31, 2025 | 29.4% | −1.7 |
| Q1 FY2026 | Jul 31, 2025 | 28.1% | −1.4 |
| Q4 FY2025 | Apr 30, 2025 | 22.9% | −16.0 |
| Q3 FY2025 | Jan 31, 2025 | 27.1% | −7.8 |
| Q2 FY2025 | Oct 31, 2024 | 31.1% | +0.5 |
| Q1 FY2025 | Jul 31, 2024 | 29.5% | −2.0 |
| Q4 FY2024 | Apr 30, 2024 | 38.9% | +10.4 |
| Q3 FY2024 | Jan 31, 2024 | 34.9% | +18.9 |
| Q2 FY2024 | Oct 31, 2023 | 30.6% | +2.0 |
| Q1 FY2024 | Jul 31, 2023 | 31.5% | −2.6 |
| Q4 FY2023 | Apr 30, 2023 | 28.5% | +3.8 |
| Q3 FY2023 | Jan 31, 2023 | 16.0% | −17.5 |
| Q2 FY2023 | Oct 31, 2022 | 28.6% | −3.8 |
| Q1 FY2023 | Jul 31, 2022 | 34.1% | +2.2 |
| Q4 FY2022 | Apr 30, 2022 | 24.7% | +4.0 |
| Q3 FY2022 | Jan 31, 2022 | 33.5% | +2.6 |
| Q2 FY2022 | Oct 31, 2021 | 32.4% | −1.1 |
| Q1 FY2022 | Jul 31, 2021 | 31.9% | −19.5 |
| Q4 FY2021 | Apr 30, 2021 | 20.7% | −5.7 |
| Q3 FY2021 | Jan 31, 2021 | 30.8% | −3.0 |
| Q2 FY2021 | Oct 31, 2020 | 33.5% | −2.1 |
| Q1 FY2021 | Jul 31, 2020 | 51.4% | +19.0 |
| Q4 FY2020 | Apr 30, 2020 | 26.4% | −4.3 |
| Q3 FY2020 | Jan 31, 2020 | 33.8% | −1.6 |
| Q2 FY2020 | Oct 31, 2019 | 35.6% | −0.9 |
| Q1 FY2020 | Jul 31, 2019 | 32.4% | −2.1 |
| Q4 FY2019 | Apr 30, 2019 | 30.6% | +10.6 |
| Q3 FY2019 | Jan 31, 2019 | 35.4% | +0.5 |
| Q2 FY2019 | Oct 31, 2018 | 36.5% | −1.7 |
| Q1 FY2019 | Jul 31, 2018 | 34.5% | +0.4 |
| Q4 FY2018 | Apr 30, 2018 | 20.1% | −907.9 |
| Q3 FY2018 | Jan 31, 2018 | 34.9% | +9.1 |
| Q2 FY2018 | Oct 31, 2017 | 38.2% | – |
| Q1 FY2018 | Jul 31, 2017 | 34.0% | – |
| Q4 FY2017 | Apr 30, 2017 | 928.0% | – |
| Q3 FY2017 | Jan 31, 2017 | 25.8% | – |