What is Brown-Forman's net margin?

Latest reported net margin for Brown-Forman (BF-B) is 18.20% as of the trailing twelve months (TTM) ending April 30, 2026.

How has Brown-Forman net margin changed year-over-year?

Brown-Forman (BF-B) net margin changed −3.7 percentage points year-over-year on the latest annual filing.

When did Brown-Forman net margin hit its highest annual value?

Brown-Forman net margin reached its highest annual value of 34.54% in 2016.

What was Brown-Forman net margin in 2025?

Brown-Forman (BF-B) net margin in 2025 was 21.86%.

What was Brown-Forman net margin in 2026?

Brown-Forman (BF-B) net margin in 2026 was 18.20%.

Brown-Forman (BF-B) Net Profit Margin

TTM

18.2%

YoY change

−3.66pp

Trough year (1990)

8.0%

Peak year (2016)

34.5%

Net Profit Margin history chart for Brown-Forman (BF-B) from 1986 to 2026

Latest: 18.2%

Net Profit Margin change chart for Brown-Forman (BF-B) from 1986 to 2026

Latest: −3.66pp

Net Profit Margin history table for Brown-Forman (BF-B) from 1986 to 2026


2026	18.2%	-3.66pp	Apr 30, 2026	Jun 4, 2026
2025	21.9%	-2.65pp	Apr 30, 2025	Jun 13, 2025
2024	24.5%	+5.99pp	Apr 30, 2024	Jun 14, 2024
2023	18.5%	-2.79pp	Apr 30, 2023	Jun 16, 2023
2022	21.3%	-4.78pp	Apr 30, 2022	Jun 17, 2022
2021	26.1%	+1.50pp	Apr 30, 2021	Jun 21, 2021
2020	24.6%	-0.53pp	Apr 30, 2020	Jun 19, 2020
2019	25.1%	+3.05pp	Apr 30, 2019	Jun 13, 2019
2018	22.1%	-0.27pp	Apr 30, 2018	Jun 13, 2018
2017	22.3%	-12.20pp	Apr 30, 2017	Jun 15, 2017
2016	34.5%	+12.72pp	Apr 30, 2016	Jun 16, 2016
2015	21.8%	-0.21pp	Apr 30, 2015	Jun 18, 2015
2014	22.0%	+1.29pp	Apr 30, 2014	Jun 20, 2014
2013	20.7%	+1.90pp	Apr 30, 2013	Jun 27, 2013
2012	18.8%	-3.26pp	Apr 30, 2012	Jun 27, 2012
2011	22.1%	+3.91pp	Apr 30, 2011	Jun 27, 2011
2010	18.2%	+0.66pp	Apr 30, 2010	Jun 25, 2010
2009	17.5%	+0.49pp	Apr 30, 2009	Jun 26, 2009
2008	17.0%	-0.50pp	Apr 30, 2008	Jun 27, 2008
2007	17.5%	+1.34pp	Apr 30, 2007	Jun 28, 2007
2006	16.2%	+2.87pp	Apr 30, 2006	Jun 29, 2006
2005	13.3%	+1.66pp	Apr 30, 2005	Jun 30, 2005
2004	11.7%	-0.23pp	Apr 30, 2004	Jul 2, 2004
2003	11.9%	+0.25pp	Apr 30, 2003	Jul 24, 2003
2002	11.6%	-0.47pp	Apr 30, 2002	Jul 26, 2002
2001	12.1%	+0.50pp	Apr 30, 2001	Jul 27, 2001
2000	11.6%	+0.24pp	Apr 30, 2000	Jul 25, 2000
1999	11.4%	+0.29pp	Apr 30, 1999	Jul 21, 1999
1998	11.1%	+0.42pp	Apr 30, 1998	Jul 17, 1998
1997	10.7%	+0.31pp	Apr 30, 1997	Jul 22, 1997
1996	10.4%	-0.10pp	Apr 30, 1996	Jul 3, 1996
1995	10.5%	+1.29pp	Apr 30, 1995	Jul 18, 1995
1994	9.2%	-1.87pp	Apr 30, 1994	Jul 19, 1994
1993	11.0%	-0.58pp	Apr 30, 1993	Apr 30, 1993
1992	11.6%	-1.36pp	Apr 30, 1992	Apr 30, 1992
1991	13.0%	+5.01pp	Apr 30, 1991	Apr 30, 1991
1990	8.0%	-6.40pp	Apr 30, 1990	Apr 30, 1990
1989	14.4%	+4.67pp	Apr 30, 1989	Apr 30, 1989
1988	9.7%	+1.53pp	Apr 30, 1988	Apr 30, 1988
1987	8.2%	-0.52pp	Apr 30, 1987	Apr 30, 1987
1986	8.7%	—	Apr 30, 1986	Apr 30, 1986

202618.2%-3.66pp
202521.9%-2.65pp
202424.5%+5.99pp
202318.5%-2.79pp
202221.3%-4.78pp
202126.1%+1.50pp
202024.6%-0.53pp
201925.1%+3.05pp
201822.1%-0.27pp
201722.3%-12.20pp
201634.5%+12.72pp
201521.8%-0.21pp
201422.0%+1.29pp
201320.7%+1.90pp
201218.8%-3.26pp
201122.1%+3.91pp
201018.2%+0.66pp
200917.5%+0.49pp
200817.0%-0.50pp
200717.5%+1.34pp
200616.2%+2.87pp
200513.3%+1.66pp
200411.7%-0.23pp
200311.9%+0.25pp
200211.6%-0.47pp
200112.1%+0.50pp
200011.6%+0.24pp
199911.4%+0.29pp
199811.1%+0.42pp
199710.7%+0.31pp
199610.4%-0.10pp
199510.5%+1.29pp
19949.2%-1.87pp
199311.0%-0.58pp
199211.6%-1.36pp
199113.0%+5.01pp
19908.0%-6.40pp
198914.4%+4.67pp
19889.7%+1.53pp
19878.2%-0.52pp
19868.7%—

Net Profit Margin values are taken from Brown-Forman's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Net Profit Margin at Brown-Forman (BF-B)

According to Brown-Forman's latest reported financial statements, the company's latest reported net margin is 18.2%. Net profit margin is net income divided by revenue — the bottom-line share of each sales dollar that remains after all costs, including operating expenses, interest, and taxes. It is the most comprehensive profitability ratio, though it can swing on one-off items, so read it alongside the multi-year trend below.

Headline figure above is from the reporting period ending April 30, 2026 (reported June 4, 2026). Chart and table below cover the full reported history back to 1986.

As of the 2026 fiscal year, Brown-Forman (BF-B) reported net margin of 18.20% – contracted 3.7 percentage points year-over-year.

2016 marks the peak net margin at 34.54%, with the historical low of 7.97% recorded in 1990.

Brown-Forman Net Profit Margin by Year

Brown-Forman Net Profit Margin 2026: 18.2%

Brown-Forman net margin in 2026 was 18.20%, contracted 3.7 percentage points from 2025.

Brown-Forman Net Profit Margin 2025: 21.9%

2025's net margin for Brown-Forman came in at 21.86%, contracted 2.6 percentage points from 2024.

Brown-Forman Net Profit Margin 2024: 24.5%

Brown-Forman posted net margin of 24.51% in 2024, expanded 6.0 percentage points from 2023.

Brown-Forman Net Profit Margin 2023: 18.5%

In 2023, Brown-Forman reported net margin of 18.52%, contracted 2.8 percentage points from 2022.

Brown-Forman Net Profit Margin 2022: 21.3%

Brown-Forman net margin in 2022 was 21.31%.

See more financial history for Brown-Forman (BF-B).

Sector peers by Net Profit Margin

Consumer Defensive peers of Brown-Forman (BF-B), ranked by their latest net margin


Altria Group (MO)	36.9%
Coca-Cola (KO)	27.8%
Philip Morris International (PM)	26.7%
Monster Beverage (MNST)	23.1%
Procter & Gamble (PG)	19.2%
PepsiCo (PEP)	9.2%
Walmart (WMT)	3.2%
Costco (COST)	3.0%

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