Brown-Forman Income Statement

Financials in millions USD. Fiscal year is May - April.

Millions USD. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 31, 2026	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '21 Apr 30, 2021
Revenue	3,910	3,975	4,178	4,228	3,933	3,461
Revenue Growth (YoY)	-3.34%	-4.86%	-1.18%	7.50%	13.64%	2.91%
Cost of Revenue	1,590	1,632	1,652	1,734	1,542	1,367
Gross Profit	2,320	2,343	2,526	2,494	2,391	2,094
Selling, General & Admin	1,214	1,228	1,355	1,248	1,128	1,070
Other Operating Expenses	-2	8	-243	119	59	-142
Total Operating Expenses	1,212	1,236	1,112	1,367	1,187	928
Operating Income	1,110	1,107	1,414	1,127	1,204	1,166
Interest Income	16	100	14	9	5	2
Interest Expense	-104	-122	-127	-90	-82	-81
Other Non-Operating Income (Expense)	-25	-4	-3	-29	-13	-6
Total Non-Operating Income (Expense)	-113	-26	-116	-110	-90	-85
Pretax Income	997	1,081	1,298	1,017	1,114	1,081
Provision for Income Taxes	190	212	274	234	276	178
Net Income	807	869	1,024	783	838	903
Net Income to Common	807	869	1,024	783	838	903
Net Income Growth	-18.40%	-15.14%	30.78%	-6.56%	-7.20%	9.19%
Shares Outstanding (Basic)	470	473	476	479	479	479
Shares Outstanding (Diluted)	470	473	477	480	481	481
Shares Change (YoY)	-0.57%	-0.90%	-0.68%	-0.02%	-0.02%	0.06%
EPS (Basic)	1.72	1.84	2.15	1.63	1.75	1.89
EPS (Diluted)	1.72	1.84	2.14	1.63	1.74	1.88
EPS Growth	-17.70%	-14.02%	31.29%	-6.32%	-7.45%	9.30%
Shares Outstanding	484.53	472.67	472.6	479.32	479.02	478.73
Free Cash Flow	730	431	419	457	798	755
Free Cash Flow Growth	69.37%	2.86%	-8.31%	-42.73%	5.70%	23.57%
Free Cash Flow Per Share	1.55	0.91	0.88	0.95	1.66	1.57
Dividends Per Share	0.910	0.889	0.847	0.788	0.736	0.708
Dividend Growth	2.46%	4.96%	7.44%	7.07%	4.01%	3.97%
Gross Margin	59.34%	58.94%	60.46%	58.99%	60.79%	60.50%
Operating Margin	28.39%	27.85%	33.84%	26.66%	30.61%	33.69%
Profit Margin	20.64%	21.86%	24.51%	18.52%	21.31%	26.09%
FCF Margin	18.67%	10.84%	10.03%	10.81%	20.29%	21.81%
EBITDA	1,199	1,194	1,501	1,207	1,283	1,243
EBITDA Margin	30.66%	30.04%	35.93%	28.55%	32.62%	35.91%
EBIT	1,110	1,107	1,414	1,127	1,204	1,166
EBIT Margin	28.39%	27.85%	33.84%	26.66%	30.61%	33.69%
Effective Tax Rate	19.06%	19.61%	21.11%	23.01%	24.78%	16.47%

Updated Mar 4, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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