Filing Flows › Brown Forman (BF-B) › Q2 FY26
Brown Forman (BF-B) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Dec 4, 2025
Brown Forman (BF-B) reported revenue of $1.3B for the second quarter fiscal 2026 (Q2 FY26), -3% from a year earlier and +12% from the quarter before. Operating margin was 22.8%, net earnings $224M (16.8% of revenue).
Brown Forman, Q2 FY26: revenue $1.3B (-3% year over year), operating margin 22.8%, net earnings $224M, operating cash flow $132M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +12% | -3% |
| Gross profit | $615M | +11% | -5% |
| Operating profit | $305M | +17% | -11% |
| Net earnings | $224M | +32% | -13% |
| Operating cash flow | $132M | -18% | +18% |
| Free cash flow | $107M | -17% | +32% |
What changed
Revenue was $1.3B in Q2 FY26, down 3% year over year and up 12% from the previous quarter. Whiskey was the largest line at 58% of revenue. Rest of portfolio lost $0.04B year over year (down 43%), 98% of the total change.
Gross margin was 46.0%, down 0.9 points from a year earlier. Operating profit was $0.30B, a 22.8% margin (down 2.0 points year over year). Operating expenses grew 2% against a revenue fall of 3%. Net earnings were $0.22B, down 13% year over year. The effective tax rate was 19.7%.
Operating cash flow was $0.13B (up 18% year over year), 59% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.12B. Capital expenditures of $0.03B left free cash flow of $0.11B.
Questions
What was Brown Forman's revenue in the second quarter fiscal 2026?
Brown Forman (BF-B) reported revenue of $1.3B for the second quarter fiscal 2026 (Q2 FY26), -3% from a year earlier and +12% from the quarter before.
Was Brown Forman profitable in the second quarter fiscal 2026?
Operating profit was $305M (22.8% of revenue) and net earnings $224M.
Source: Brown Forman 10-Q on SEC EDGAR.