Filing Flows › Brown Forman (BF-B) › Q1 FY26
Brown Forman (BF-B) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Aug 28, 2025
Brown Forman (BF-B) reported revenue of $1.2B for the first quarter fiscal 2026 (Q1 FY26), -2% from a year earlier and +6% from the quarter before. Operating margin was 21.8%, net earnings $170M (14.3% of revenue).
Brown Forman, Q1 FY26: revenue $1.2B (-2% year over year), operating margin 21.8%, net earnings $170M, operating cash flow $160M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +6% | -2% |
| Gross profit | $552M | +8% | -2% |
| Operating profit | $260M | +27% | -7% |
| Net earnings | $170M | +16% | -13% |
| Operating cash flow | $160M | +5% | +841% |
| Free cash flow | $129M | +26% | — |
What changed
Revenue was $1.2B in Q1 FY26, down 2% year over year and up 6% from the previous quarter. Whiskey was the largest line at 55% of revenue. Rest of portfolio lost $0.02B year over year (down 27%), 110% of the total change.
Gross margin was 46.3%, down 0.3 points from a year earlier. Operating profit was $0.26B, a 21.8% margin (down 1.4 points year over year). Operating expenses grew 3% against a revenue fall of 2%. The fastest-growing cost line was Other operating costs (+20%). Net earnings were $0.17B, down 13% year over year. The effective tax rate was 22.7%.
Operating cash flow was $0.16B (up 841% year over year), 94% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.03B left free cash flow of $0.13B.
Questions
What was Brown Forman's revenue in the first quarter fiscal 2026?
Brown Forman (BF-B) reported revenue of $1.2B for the first quarter fiscal 2026 (Q1 FY26), -2% from a year earlier and +6% from the quarter before.
Was Brown Forman profitable in the first quarter fiscal 2026?
Operating profit was $260M (21.8% of revenue) and net earnings $170M.
Source: Brown Forman 10-Q on SEC EDGAR.