Brown Forman annual operating margin
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2026
Brown Forman Operating Margin Growth & History (BF-B)
Brown Forman's operating margin was 25.48% for fiscal 2026.
View full Brown Forman company overviewBrown Forman annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2026 | 2026-04-30 | 25.48% | −2.37 pp |
| 2025 | 2025-04-30 | 27.85% | −5.99 pp |
| 2024 | 2024-04-30 | 33.84% | +7.19 pp |
| 2023 | 2023-04-30 | 26.66% | −3.96 pp |
| 2022 | 2022-04-30 | 30.61% | −3.08 pp |
| 2021 | 2021-04-30 | 33.69% | +1.25 pp |
| 2020 | 2020-04-30 | 32.44% | −1.98 pp |
| 2019 | 2019-04-30 | 34.42% | +2.15 pp |
| 2018 | 2018-04-30 | 32.27% | −1.47 pp |
| 2017 | 2017-04-30 | 33.73% | −4.49 pp |
| 2016 | 2016-04-30 | 38.22% | +13.15 pp |
| 2015 | 2015-04-30 | 25.07% | +0.47 pp |
| 2014 | 2014-04-30 | 24.61% | +0.88 pp |
| 2013 | 2013-04-30 | 23.73% | +1.93 pp |
| 2012 | 2012-04-30 | 21.80% | −3.31 pp |
| 2011 | 2011-04-30 | 25.12% | +3.11 pp |
| 2010 | 2010-04-30 | 22.01% | +1.30 pp |
| 2009 | 2009-04-30 | 20.71% | — |
Brown Forman quarterly operating margin
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Q1.27
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q1 2027 | 2026-07-31 | 27.66% | −0.48 pp |
| Q4 2026 | 2026-04-30 | 10.53% | −12.40 pp |
| Q3 2026 | 2026-01-31 | 32.20% | +5.14 pp |
| Q2 2026 | 2025-10-31 | 29.44% | −1.70 pp |
| Q1 2026 | 2025-07-31 | 28.14% | −1.41 pp |
| Q4 2025 | 2025-04-30 | 22.93% | −15.97 pp |
| Q3 2025 | 2025-01-31 | 27.05% | −7.84 pp |
| Q2 2025 | 2024-10-31 | 31.14% | +0.52 pp |
| Q1 2025 | 2024-07-31 | 29.55% | −1.96 pp |
| Q4 2024 | 2024-04-30 | 38.90% | +10.41 pp |
| Q3 2024 | 2024-01-31 | 34.89% | +18.89 pp |
| Q2 2024 | 2023-10-31 | 30.62% | +2.01 pp |
| Q1 2024 | 2023-07-31 | 31.50% | −2.56 pp |
| Q4 2023 | 2023-04-30 | 28.49% | +3.79 pp |
| Q3 2023 | 2023-01-31 | 16.00% | −17.46 pp |
| Q2 2023 | 2022-10-31 | 28.61% | −3.78 pp |
| Q1 2023 | 2022-07-31 | 34.06% | +2.16 pp |
| Q4 2022 | 2022-04-30 | 24.70% | +4.01 pp |
| Q3 2022 | 2022-01-31 | 33.46% | +2.62 pp |
| Q2 2022 | 2021-10-31 | 32.39% | −1.11 pp |
| Q1 2022 | 2021-07-31 | 31.90% | −19.50 pp |
| Q4 2021 | 2021-04-30 | 20.69% | −5.69 pp |
| Q3 2021 | 2021-01-31 | 30.85% | −2.97 pp |
| Q2 2021 | 2020-10-31 | 33.50% | −2.09 pp |
| Q1 2021 | 2020-07-31 | 51.39% | +19.02 pp |
| Q4 2020 | 2020-04-30 | 26.38% | −4.27 pp |
| Q3 2020 | 2020-01-31 | 33.82% | −1.58 pp |
| Q2 2020 | 2019-10-31 | 35.59% | −0.89 pp |
| Q1 2020 | 2019-07-31 | 32.38% | −2.09 pp |
| Q4 2019 | 2019-04-30 | 30.65% | +10.59 pp |
| Q3 2019 | 2019-01-31 | 35.40% | +0.55 pp |
| Q2 2019 | 2018-10-31 | 36.48% | −1.70 pp |
| Q1 2019 | 2018-07-31 | 34.46% | +0.44 pp |
| Q4 2018 | 2018-04-30 | 20.05% | −950.78 pp |
| Q3 2018 | 2018-01-31 | 34.85% | +9.07 pp |
| Q2 2018 | 2017-10-31 | 38.18% | +10.60 pp |
| Q1 2018 | 2017-07-31 | 34.02% | +9.14 pp |
| Q4 2017 | 2017-04-30 | 970.83% | +892.94 pp |
| Q3 2017 | 2017-01-31 | 25.78% | +0.11 pp |
| Q2 2017 | 2016-10-31 | 27.58% | +0.03 pp |
| Q1 2017 | 2016-07-31 | 24.88% | −0.34 pp |
| Q4 2016 | 2016-04-30 | 77.90% | +53.50 pp |
| Q3 2016 | 2016-01-31 | 25.67% | +0.78 pp |
| Q2 2016 | 2015-10-31 | 27.55% | +0.86 pp |
| Q1 2016 | 2015-07-31 | 25.22% | +1.23 pp |
| Q4 2015 | 2015-04-30 | 24.39% | +3.34 pp |
| Q3 2015 | 2015-01-31 | 24.89% | +1.23 pp |
| Q2 2015 | 2014-10-31 | 26.70% | −2.13 pp |
| Q1 2015 | 2014-07-31 | 24.00% | −0.22 pp |
| Q4 2014 | 2014-04-30 | 21.05% | +0.59 pp |
| Q3 2014 | 2014-01-31 | 23.65% | +0.58 pp |
| Q2 2014 | 2013-10-31 | 28.82% | +2.98 pp |
| Q1 2014 | 2013-07-31 | 24.22% | −1.07 pp |
| Q4 2013 | 2013-04-30 | 20.46% | +1.79 pp |
| Q3 2013 | 2013-01-31 | 23.08% | +1.58 pp |
| Q2 2013 | 2012-10-31 | 25.84% | +1.54 pp |
| Q1 2013 | 2012-07-31 | 25.28% | +3.16 pp |
| Q4 2012 | 2012-04-30 | 18.68% | −9.36 pp |
| Q3 2012 | 2012-01-31 | 21.50% | −1.93 pp |
| Q2 2012 | 2011-10-31 | 24.30% | −1.65 pp |
| Q1 2012 | 2011-07-31 | 22.12% | −1.06 pp |
| Q4 2011 | 2011-04-30 | 28.04% | +11.89 pp |
| Q3 2011 | 2011-01-31 | 23.43% | +3.25 pp |
| Q2 2011 | 2010-10-31 | 25.95% | +0.68 pp |
| Q1 2011 | 2010-07-31 | 23.18% | −2.84 pp |
| Q4 2010 | 2010-04-30 | 16.16% | — |
| Q3 2010 | 2010-01-31 | 20.18% | — |
| Q2 2010 | 2009-10-31 | 25.27% | — |
| Q1 2010 | 2009-07-31 | 26.02% | — |
Brown Forman operating margin trends
Over the last five fiscal years, Brown Forman's operating margin decreased from 33.69% to 25.48%, a change of −8.21 percentage points. The latest reported quarter, Q1 2027, shows 27.66%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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