Brown-Forman Corporation (BF-B) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Sales/Revenue | 912M | 1.06B | 1.04B | 924M | 894M | 1.03B | 1.09B | 951M | 964M | 1.07B | 1.11B | 1.04B | 1.05B | 1.08B | 1.09B | 1.01B | 996M | 1.04B | 994M | 906M |
| Revenue Growth % | 2.01% | 2.03% | -5.39% | -2.84% | -7.26% | -3.18% | -1.08% | -8.38% | -7.84% | -1.11% | 1.19% | 3.08% | 5.02% | 4.24% | 10.06% | 11.15% | 22.66% | 13.83% | 0.91% | 20.32% |
| Cost of Goods Sold | 341M | 416M | 421M | 372M | 381M | 416M | 449M | 386M | 395M | 434M | 436M | 387M | 411M | 457M | 481M | 385M | 370M | 415M | 404M | 353M |
| COGS % of Revenue | 37.39% | 39.39% | 40.64% | 40.26% | 42.62% | 40.19% | 41% | 40.59% | 40.98% | 40.6% | 39.39% | 37.28% | 39.29% | 42.28% | 43.97% | 38.23% | 37.15% | 40.02% | 40.64% | 38.96% |
| Gross Profit | 571M | 640M | 615M | 552M | 513M | 619M | 646M | 565M | 569M | 635M | 671M | 651M | 635M | 624M | 613M | 622M | 626M | 622M | 590M | 553M |
| Gross Margin % | 62.61% | 60.61% | 59.36% | 59.74% | 57.38% | 59.81% | 59% | 59.41% | 59.02% | 59.4% | 60.61% | 62.72% | 60.71% | 57.72% | 56.03% | 61.77% | 62.85% | 59.98% | 59.36% | 61.04% |
| Gross Profit Growth % | 11.31% | 3.39% | -4.8% | -2.3% | -9.84% | -2.52% | -3.73% | -13.21% | -10.39% | 1.76% | 9.46% | 4.66% | 1.44% | 0.32% | 3.9% | 12.48% | 25.7% | 13.09% | 1.55% | 18.92% |
| Operating Expenses | 355M | 297M | 306M | 280M | 281M | 308M | 305M | 284M | 194M | 262M | 332M | 324M | 337M | 451M | 300M | 279M | 380M | 275M | 268M | 264M |
| OpEx % of Revenue | 38.93% | 28.13% | 29.54% | 30.3% | 31.43% | 29.76% | 27.85% | 29.86% | 20.12% | 24.51% | 29.99% | 31.21% | 32.22% | 41.72% | 27.42% | 27.71% | 38.15% | 26.52% | 26.96% | 29.14% |
| Selling, General & Admin | 355M | 304M | 313M | 297M | 300M | 303M | 311M | 314M | 346M | 346M | 332M | 331M | 335M | 327M | 301M | 285M | 322M | 279M | 269M | 258M |
| SG&A % of Revenue | 38.93% | 28.79% | 30.21% | 32.14% | 33.56% | 29.28% | 28.4% | 33.02% | 35.89% | 32.37% | 29.99% | 31.89% | 32.03% | 30.25% | 27.51% | 28.3% | 32.33% | 26.9% | 27.06% | 28.48% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | 0 | -1000K | 1000K | 1000K | -1000K | -1000K | 1000K | -1000K | -1000K | 1000K |
| Operating Income | 216M | 343M | 309M | 272M | 232M | 311M | 341M | 281M | 375M | 373M | 339M | 327M | 298M | 173M | 313M | 343M | 246M | 347M | 322M | 289M |
| Operating Margin % | 23.68% | 32.48% | 29.83% | 29.44% | 25.95% | 30.05% | 31.14% | 29.55% | 38.9% | 34.89% | 30.62% | 31.5% | 28.49% | 16% | 28.61% | 34.06% | 24.7% | 33.46% | 32.39% | 31.9% |
| Operating Income Growth % | -6.9% | 10.29% | -9.38% | -3.2% | -38.13% | -16.62% | 0.59% | -14.07% | 25.84% | 115.61% | 8.31% | -4.66% | 21.14% | -50.14% | -2.79% | 18.69% | 46.43% | 23.49% | -2.42% | -25.32% |
| EBITDA | 216M | 367M | 331M | 294M | 253M | 333M | 363M | 303M | 396M | 398M | 359M | 348M | 319M | 193M | 332M | 363M | 265M | 367M | 343M | 308M |
| EBITDA Margin % | 23.68% | 34.75% | 31.95% | 31.82% | 28.3% | 32.17% | 33.15% | 31.86% | 41.08% | 37.23% | 32.43% | 33.53% | 30.5% | 17.85% | 30.35% | 36.05% | 26.61% | 35.39% | 34.51% | 34% |
| EBITDA Growth % | -14.62% | 10.21% | -8.82% | -2.97% | -36.11% | -16.33% | 1.11% | -12.93% | 24.14% | 106.22% | 8.13% | -4.13% | 20.38% | -47.41% | -3.21% | 17.86% | 41.71% | 22.33% | -2% | -24.14% |
| D&A (Non-Cash Add-back) | 0 | 24M | 22M | 22M | 21M | 22M | 22M | 22M | 21M | 25M | 20M | 21M | 21M | 20M | 19M | 20M | 19M | 20M | 21M | 19M |
| EBIT | 216M | 341M | 305M | 245M | 210M | 363M | 345M | 285M | 381M | 375M | 341M | 328M | 298M | 148M | 316M | 345M | 237M | 348M | 321M | 290M |
| Net Interest Income | -23M | -22M | -23M | -21M | -22M | -26M | -29M | -28M | -27M | -30M | -29M | -27M | -27M | -22M | -15M | -17M | -19M | -19M | -19M | -20M |
| Interest Income | 0 | 4M | 3M | 4M | 5M | 5M | 3M | 4M | 7M | 3M | 2M | 2M | 2M | 2M | 3M | 2M | 2M | 1M | 1M | 1M |
| Interest Expense | 23M | 26M | 26M | 25M | 27M | 31M | 32M | 32M | 34M | 33M | 31M | 29M | 29M | 24M | 18M | 19M | 21M | 20M | 20M | 21M |
| Other Income/Expense | -145M | -28M | -30M | -52M | -49M | 21M | -28M | -28M | -28M | -31M | -29M | -28M | -29M | -49M | -15M | -17M | -30M | -19M | -21M | -20M |
| Pretax Income | 71M | 315M | 279M | 220M | 183M | 332M | 313M | 253M | 347M | 342M | 310M | 299M | 269M | 124M | 298M | 326M | 216M | 328M | 301M | 269M |
| Pretax Margin % | 7.79% | 29.83% | 26.93% | 23.81% | 20.47% | 32.08% | 28.58% | 26.6% | 36% | 31.99% | 28% | 28.81% | 25.72% | 11.47% | 27.24% | 32.37% | 21.69% | 31.63% | 30.28% | 29.69% |
| Income Tax | 17M | 48M | 55M | 50M | 37M | 62M | 55M | 58M | 81M | 57M | 68M | 68M | 62M | 24M | 71M | 77M | 65M | 69M | 65M | 77M |
| Effective Tax Rate % | 23.94% | 15.24% | 19.71% | 22.73% | 20.22% | 18.67% | 17.57% | 22.92% | 23.34% | 16.67% | 21.94% | 22.74% | 23.05% | 19.35% | 23.83% | 23.62% | 30.09% | 21.04% | 21.59% | 28.62% |
| Net Income | 54M | 267M | 224M | 170M | 146M | 270M | 258M | 195M | 266M | 285M | 242M | 231M | 207M | 100M | 227M | 249M | 151M | 259M | 236M | 192M |
| Net Margin % | 5.92% | 25.28% | 21.62% | 18.4% | 16.33% | 26.09% | 23.56% | 20.5% | 27.59% | 26.66% | 21.86% | 22.25% | 19.79% | 9.25% | 20.75% | 24.73% | 15.16% | 24.98% | 23.74% | 21.19% |
| Net Income Growth % | -63.01% | -1.11% | -13.18% | -12.82% | -45.11% | -5.26% | 6.61% | -15.58% | 28.5% | 185% | 6.61% | -7.23% | 37.09% | -61.39% | -3.81% | 29.69% | 25.83% | 18.26% | -1.67% | -40.74% |
| Net Income (Continuing) | 54M | 267M | 224M | 170M | 146M | 270M | 258M | 195M | 266M | 285M | 242M | 231M | 207M | 100M | 227M | 249M | 151M | 259M | 236M | 192M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.12 | 0.56 | 0.47 | 0.36 | 0.31 | 0.57 | 0.55 | 0.41 | 0.56 | 0.60 | 0.50 | 0.48 | 0.43 | 0.21 | 0.47 | 0.52 | 0.31 | 0.54 | 0.49 | 0.40 |
| EPS Growth % | -61.29% | -1.75% | -14.55% | -12.2% | -44.64% | -5% | 10% | -14.58% | 30.23% | 185.71% | 6.38% | -7.69% | 38.71% | -61.11% | -4.08% | 30% | 24% | 20% | -2% | -40.3% |
| EPS (Basic) | 0.12 | 0.57 | 0.47 | 0.36 | 0.31 | 0.57 | 0.55 | 0.41 | 0.56 | 0.60 | 0.51 | 0.48 | 0.43 | 0.21 | 0.47 | 0.52 | 0.32 | 0.54 | 0.49 | 0.40 |
| Diluted Shares Outstanding | 459.31M | 472.61M | 472.61M | 472.96M | 472.88M | 472.89M | 473.06M | 472.94M | 476.39M | 475.57M | 480.12M | 480.38M | 480.4M | 480.46M | 480.55M | 480.44M | 480.46M | 480.57M | 480.52M | 480.72M |
| Basic Shares Outstanding | 458.7M | 471.87M | 471.87M | 472.72M | 472.67M | 472.66M | 472.66M | 472.64M | 475.6M | 474.81M | 479.2M | 479.35M | 479.24M | 479.15M | 479.14M | 479.08M | 478.98M | 478.89M | 478.86M | 478.79M |
| Dividend Payout Ratio | 196.3% | 40.07% | 47.77% | 62.94% | 73.29% | 39.63% | 39.92% | 52.82% | 39.1% | 36.14% | 40.5% | 42.86% | 47.83% | 99% | 39.65% | 36.14% | 59.6% | 219.69% | 36.44% | 44.79% |