Operating Income for Brown-Forman (BF-B)
According to Brown-Forman's latest reported financial statements, the company's current operating income (TTM) is $1.11B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
BF-B
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$1.11B
YoY change
-21.7%
5Y CAGR
+0.3%
Peak year (2016)
$1.53B
Cumulative operating income
$25.29B
Operating Income history chart for Brown-Forman (BF-B) from 1986 to 2025
Operating Income history table for Brown-Forman (BF-B) from 1986 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $1.11B | -21.7% | ||
| 2024 | $1.41B | +25.5% | ||
| 2023 | $1.13B | -6.4% | ||
| 2022 | $1.20B | +3.3% | ||
| 2021 | $1.17B | +6.9% | ||
| 2020 | $1.09B | -4.6% | ||
| 2019 | $1.14B | +9.2% | ||
| 2018 | $1.05B | +3.8% | ||
| 2017 | $1.01B | -34.1% | ||
| 2016 | $1.53B | +49.3% | ||
| 2015 | $1.03B | +5.8% | ||
| 2014 | $971.00M | +8.1% | ||
| 2013 | $898.00M | +14.0% | ||
| 2012 | $788.00M | -7.8% | ||
| 2011 | $855.00M | +20.4% | ||
| 2010 | $710.00M | +7.4% | ||
| 2009 | $661.00M | -3.5% | ||
| 2008 | $685.00M | +13.8% | ||
| 2007 | $602.00M | +6.9% | ||
| 2006 | $563.00M | +26.5% | ||
| 2005 | $445.00M | +16.8% | ||
| 2004 | $381.00M | +2.4% | ||
| 2003 | $372.00M | +5.4% | ||
| 2002 | $353.00M | -5.6% | ||
| 2001 | $374.00M | +7.5% | ||
| 2000 | $348.00M | +8.1% | ||
| 1999 | $322.00M | +4.9% | ||
| 1998 | $307.00M | +7.0% | ||
| 1997 | $287.00M | +4.7% | ||
| 1996 | $274.00M | +2.3% | ||
| 1995 | $267.80M | +11.4% | ||
| 1994 | $240.30M | -5.9% | ||
| 1993 | $255.30M | +9.2% | ||
| 1992 | $233.70M | +4.6% | ||
| 1991 | $223.50M | -0.7% | ||
| 1990 | $225.10M | +8.0% | ||
| 1989 | $208.40M | +8.7% | ||
| 1988 | $191.70M | +5.3% | ||
| 1987 | $182.10M | -4.2% | ||
| 1986 | $190.10M | — |
Operating Income values are taken from Brown-Forman's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Brown-Forman (BF-B) reported operating income of $1.11B – declined 21.7% year-over-year.
Through 2020–2025 (5 years), Brown-Forman operating income delivered a +0.3% annualised rate; with the latest reading among the more recent periods of the dataset.
Between 2016 and 2025, Brown-Forman operating income declined 27.8%, falling from $1.53B to $1.11B.
2016 marks the peak operating income at $1.53B, with the historical low of $182.10M recorded in 1987.
Among 8 Consumer Defensive peers, Brown-Forman (BF-B) ranks 9th; the peer median for operating income is $14.35B.
Brown-Forman Operating Income by Year
Brown-Forman Operating Income 2025: $1.11B
Brown-Forman operating income in 2025 was $1.11B, declined 21.7% below 2024.
Brown-Forman Operating Income 2024: $1.41B
Brown-Forman operating income in 2024 was $1.41B, grew 25.5% from 2023.
Brown-Forman Operating Income 2023: $1.13B
Brown-Forman operating income in 2023 was $1.13B, declined 6.4% below 2022.
Brown-Forman Operating Income 2022: $1.20B
Brown-Forman operating income in 2022 was $1.20B, edged up 3.3% from 2021.
Brown-Forman Operating Income 2021: $1.17B
Brown-Forman operating income in 2021 was $1.17B.
See more financial history for Brown-Forman (BF-B).
Sector peers — Operating Income
Companies in the same sector as Brown-Forman, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Walmart Inc. (WMT) | $29.82B | Consumer Defensive |
| The Procter & Gamble Company (PG) | $20.45B | Consumer Defensive |
| Altria Group, Inc. (MO) | $15.06B | Consumer Defensive |
| Philip Morris International Inc. (PM) | $14.93B | Consumer Defensive |
| The Coca-Cola Company (KO) | $13.76B | Consumer Defensive |
| PepsiCo, Inc. (PEP) | $13.49B | Consumer Defensive |
| Costco Wholesale Corporation (COST) | $10.38B | Consumer Defensive |
| Monster Beverage Corporation (MNST) | $2.42B | Consumer Defensive |
Frequently asked questions
What is Brown-Forman's operating income?
- Latest reported operating income for Brown-Forman (BF-B) is $1.11B (period ending January 31, 2026).
How has Brown-Forman operating income changed year-over-year?
- Brown-Forman (BF-B) operating income changed -21.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Brown-Forman operating income?
- Brown-Forman (BF-B) operating income compound annual growth rate is +0.3% over the most recent 5 years available.
When did Brown-Forman operating income hit its highest annual value?
- Brown-Forman operating income reached its highest annual value of $1.53B in 2016.
What was Brown-Forman operating income in 2024?
- Brown-Forman (BF-B) operating income in 2024 was $1.41B.
What was Brown-Forman operating income in 2025?
- Brown-Forman (BF-B) operating income in 2025 was $1.11B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
BF-B Overview
Company profile, financial tools, and key metrics
BF-B Revenue Counter
Earns $124.37 every second. See per minute, hour, and day.
BF-B Earnings Counter
Earns $25.59 per second net profit. See per minute, hour, and day.
BF-B Economic Scale
Exceeds Curacao's GDP. Compare with world economies.
BF-B What If Invested
What if you had invested $1,000? See historical returns from any date.
BF-B How It Makes Money
Discover visual breakdown of $3.92B in revenue — where it comes from and where it goes.
BF-B Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
BF-B Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
BF-B Daily Price Character
Steady · 46.3% historical win rate (green days). Streaks & record days.
BF-B Buybacks
3.10% TTM buyback yield. Shareholder yield & SBC comparison.
BF-B Stock Split History
11 splits on record. Dates, ratios, and cumulative multiple.
BF-B Dividend Profile
Yield: 3.68%. Safety: 5/8. See full history.
BF-B Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
BF-B Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.