Brown-Forman Corporation (BF-B) Earnings History
Earnings Pressure38 years of earnings data (1989–2026) · 5-year EPS trend is negative
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Brown-Forman Corporation (BF-B) Earnings Overview
As of June 28, 2026, Brown-Forman Corporation (BF-B) reported trailing twelve-month net income of $715M, reflecting -16.8% year-over-year growth. The company earned $1.56 per diluted share over the past four quarters, with a net profit margin of 18.2%.
Looking at the long-term picture, BF-B's 5-year EPS compound annual growth rate (CAGR) stands at -4.0%, signaling declining earnings. The company achieved its highest annual net income of $1.07B in fiscal 2016.
Brown-Forman Corporation maintains industry-leading profitability with a gross margin of 60.5%, operating margin of 28.2%, and net margin of 18.2%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including DEO ($5.49B net income, 11.6% margin), BUD ($12.57B net income, 9.8% margin), STZ ($1.69B net income, 18.5% margin), BF-B has outperformed on profitability metrics. Compare BF-B vs DEO →
BF-B Earnings vs Peers
Earnings metrics vs comparable public companies
BF-B Historical Earnings Data (1989–2026)
38 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $715M | -17.7% | $1.11B | $1.53 | 18.2% | 28.2% |
| 2025 | $869M | -15.1% | $1.17B | $1.84 | 21.9% | 29.4% |
| 2024 | $1.02B | +30.8% | $1.15B | $2.15 | 24.5% | 27.5% |
| 2023 | $783M | -6.6% | $1.13B | $1.63 | 18.5% | 26.7% |
| 2022 | $838M | -7.2% | $1.20B | $1.74 | 21.3% | 30.6% |
| 2021 | $903M | +9.2% | $1.17B | $1.88 | 26.1% | 33.7% |
| 2020 | $827M | -1.0% | $1.09B | $1.72 | 24.6% | 32.4% |
| 2019 | $835M | +16.5% | $1.14B | $1.73 | 25.1% | 34.4% |
| 2018 | $717M | +7.2% | $1.05B | $1.48 | 22.1% | 32.3% |
| 2017 | $669M | -37.3% | $1.01B | $1.37 | 22.3% | 33.7% |
| 2016 | $1.07B | +56.0% | $1.53B | $2.09 | 34.5% | 49.6% |
| 2015 | $684M | +3.8% | $1.03B | $1.28 | 21.8% | 32.8% |
| 2014 | $659M | +11.5% | $971M | $1.22 | 22.0% | 32.5% |
| 2013 | $591M | +15.2% | $898M | $1.10 | 20.7% | 31.5% |
| 2012 | $513M | -10.2% | $788M | $0.95 | 18.8% | 28.9% |
| 2011 | $572M | +27.2% | $855M | $1.04 | 22.1% | 33.1% |
| 2010 | $449M | +3.3% | $710M | $0.81 | 18.2% | 28.8% |
| 2009 | $435M | -1.1% | $661M | $0.77 | 17.5% | 26.6% |
| 2008 | $440M | +13.1% | $685M | $0.76 | 17.0% | 26.5% |
| 2007 | $389M | +21.6% | $602M | $0.67 | 17.5% | 27.1% |
| 2006 | $320M | +3.9% | $563M | $0.55 | 16.2% | 28.5% |
| 2005 | $308M | +19.4% | $445M | $0.54 | 13.3% | 19.2% |
| 2004 | $258M | +5.3% | $381M | $0.42 | 11.7% | 17.2% |
| 2003 | $245M | +7.5% | $372M | $0.35 | 11.9% | 18.1% |
| 2002 | $228M | -2.1% | $353M | $0.35 | 11.6% | 18.0% |
| 2001 | $233M | +6.9% | $374M | $0.36 | 12.1% | 19.4% |
| 2000 | $218M | +7.9% | $348M | $0.34 | 11.6% | 18.5% |
| 1999 | $202M | +9.2% | $322M | $0.31 | 11.4% | 18.1% |
| 1998 | $185M | +9.5% | $307M | $0.28 | 11.1% | 18.4% |
| 1997 | $169M | +5.6% | $287M | $0.26 | 10.7% | 18.1% |
| 1996 | $160M | +7.7% | $274M | $0.25 | 10.4% | 17.7% |
| 1995 | $149M | +15.6% | $268M | $0.23 | 10.5% | 18.9% |
| 1994 | $129M | -17.7% | $240M | $0.17 | 9.2% | 17.1% |
| 1993 | $156M | +6.7% | $255M | $0.20 | 11.0% | 18.0% |
| 1992 | $146M | +0.8% | $234M | $0.19 | 11.6% | 18.5% |
| 1991 | $145M | +79.3% | $224M | $0.18 | 13.0% | 20.0% |
| 1990 | $81M | -43.9% | $225M | $0.10 | 8.0% | 22.1% |
| 1989 | $145M | - | $208M | $0.18 | 14.4% | 20.7% |
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BF-B — Frequently Asked Questions
Quick answers to the most common questions about buying BF-B stock.
What is BF-B earnings per share (EPS)?
BF-B trailing twelve-month (TTM) diluted EPS is $1.56, reflecting -16.8% year-over-year growth. The 5-year EPS CAGR is -4.0%. Complete EPS history from 1989 to 2026 is available in the table on this page.
What is Brown-Forman Corporation's net income?
Brown-Forman Corporation (BF-B) trailing twelve-month net income is $715M as of 2026. Earnings declined -16.8% year-over-year. Brown-Forman Corporation has been profitable for 38 consecutive years.
Is BF-B profitable?
Yes, BF-B is profitable with a TTM net income of $715M and a net profit margin of +18.2%. Brown-Forman Corporation has generated profits for 38 consecutive years.
What is BF-B's earnings growth rate?
BF-B compound annual EPS growth rates (CAGR): 1-Year: -16.8%, 3-Year: -2.1%, 5-Year: -4.0%, 10-Year: -3.1%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2026.
What are BF-B's profit margins?
Brown-Forman Corporation net profit margin is +18.2%, operating margin is +28.2%, and gross margin is +60.5%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +17.8%.
Is BF-B growing earnings?
BF-B earnings are declining — EPS fell -16.8% year-over-year. TTM net income dropped to $715M. This contrasts with the 5-year CAGR of -4.0%.
What was BF-B's best earnings year?
Brown-Forman Corporation's highest annual net income on record is $1.1B, achieved in fiscal year 2016. Earnings history on this page spans 1989 to 2026 and includes all annual and quarterly figures.
What were BF-B's earnings last quarter?
BF-B's most recent reported quarter was Q4 2026. Net income was $54M with diluted EPS of $0.12. For a full breakdown of all quarters, see the quarterly earnings table on this page.