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Operating Margin for Brown-Forman (BF-B)

As of · Reported

Metric

TTM

29.0%

YoY change

−1.13pp

Trough year (1987)

16.6%

Peak year (2016)

49.6%

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

Latest: 28.2%

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

Latest: −1.13pp

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

  • 202628.2%-1.13pp
  • 202529.4%+1.91pp
  • 202427.5%+0.80pp
  • 202326.7%-3.96pp
  • 202230.6%-3.08pp
  • 202133.7%+1.25pp
  • 202032.4%-1.98pp
  • 201934.4%+2.15pp
  • 201832.3%-1.47pp
  • 201733.7%-15.89pp
  • 201649.6%+16.86pp
  • 201532.8%+0.31pp
  • 201432.5%+0.94pp
  • 201331.5%+2.59pp
  • 201228.9%-4.12pp
  • 201133.1%+4.30pp
  • 201028.8%+2.12pp
  • 200926.6%+0.11pp
  • 200826.5%-0.61pp
  • 200727.1%-1.35pp
  • 200628.5%+9.24pp
  • 200519.2%+2.03pp
  • 200417.2%-0.84pp
  • 200318.1%+0.03pp
  • 200218.0%-1.41pp
  • 200119.4%+0.90pp
  • 200018.5%+0.41pp
  • 199918.1%-0.26pp
  • 199818.4%+0.28pp
  • 199718.1%+0.37pp
  • 199617.7%-1.11pp
  • 199518.9%+1.71pp
  • 199417.1%-0.90pp
  • 199318.0%-0.50pp
  • 199218.5%-1.43pp
  • 199120.0%-2.17pp
  • 199022.1%+1.42pp
  • 198920.7%+2.75pp
  • 198818.0%+1.39pp
  • 198716.6%-2.52pp
  • 198619.1%—

Operating 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 Operating Margin at Brown-Forman (BF-B)

According to Brown-Forman's latest reported financial statements, the company's latest reported operating margin is 29.0%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

As of the 2026 fiscal year, Brown-Forman (BF-B) reported operating margin of 28.23% – contracted 1.1 percentage points year-over-year.

Across the available history, operating margin reached its high of 49.63% in 2016 and its low of 16.58% in 1987.

Brown-Forman Operating Margin by Year

Brown-Forman Operating Margin 2026: 28.2%

Brown-Forman operating margin in 2026 was 28.23%, contracted 1.1 percentage points from 2025.

Brown-Forman Operating Margin 2025: 29.4%

2025's operating margin for Brown-Forman came in at 29.36%, expanded 1.9 percentage points from 2024.

Brown-Forman Operating Margin 2024: 27.5%

Brown-Forman posted operating margin of 27.45% in 2024, expanded 0.8 percentage points from 2023.

Brown-Forman Operating Margin 2023: 26.7%

In 2023, Brown-Forman reported operating margin of 26.66%, contracted 4.0 percentage points from 2022.

Brown-Forman Operating Margin 2022: 30.6%

Brown-Forman operating margin in 2022 was 30.61%.

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

Sector peers by Operating Margin

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

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