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	1,239	1,232	1,358	1,277	1,141	1,076
Other Operating Expenses	-45	-48	23	39	14	2
Operating Expenses	1,194	1,184	1,381	1,316	1,155	1,078
Operating Income	1,126	1,159	1,145	1,178	1,236	1,016
Interest Expense	-104	-122	-127	-90	-82	-81
Interest & Investment Income	16	17	14	9	5	2
Earnings From Equity Investments	-	83	-	-	-	-
Currency Exchange Gain (Loss)	8	-4	8	16	7	17
EBT Excluding Unusual Items	1,046	1,133	1,040	1,113	1,166	954
Merger & Restructuring Charges	-46	-60	-	-	-	-
Gain (Loss) on Sale of Assets	-	12	274	-	-	127
Asset Writedown	-47	-47	-7	-96	-52	-
Other Unusual Items	44	43	-9	-	-	-
Pretax Income	997	1,081	1,298	1,017	1,114	1,081
Income Tax Expense	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)	-0.67%	-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	-17.79%	-14.09%	31.29%	-6.32%	-7.45%	9.30%
Free Cash Flow	730	431	419	457	798	755
Free Cash Flow Per Share	1.55	0.91	0.88	0.95	1.66	1.57
Dividend Per Share	0.910	0.889	0.847	0.788	0.736	0.708
Dividend Growth	3.48%	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	28.80%	29.16%	27.41%	27.86%	31.43%	29.36%
Profit Margin	20.64%	21.86%	24.51%	18.52%	21.31%	26.09%
Free Cash Flow Margin	18.67%	10.84%	10.03%	10.81%	20.29%	21.82%
EBITDA	1,209	1,246	1,232	1,258	1,315	1,093
EBITDA Margin	30.92%	31.35%	29.49%	29.75%	33.43%	31.58%
D&A For EBITDA	83	87	87	80	79	77
EBIT	1,126	1,159	1,145	1,178	1,236	1,016
EBIT Margin	28.80%	29.16%	27.41%	27.86%	31.43%	29.36%
Effective Tax Rate	19.06%	19.61%	21.11%	23.01%	24.78%	16.47%
Revenue as Reported	3,910	3,975	4,178	4,228	3,933	3,461
Advertising Expenses	-	484	529	506	438	399

Updated Mar 4, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q