Filing Flows › Brown Forman (BF-B) › Q3 FY26
Brown Forman (BF-B) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Mar 4, 2026
Brown Forman (BF-B) reported revenue of $1.4B for the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier and +4% from the quarter before. Operating margin was 24.4%, net earnings $267M (19.1% of revenue).
Brown Forman, Q3 FY26: revenue $1.4B (+4% year over year), operating margin 24.4%, net earnings $267M, operating cash flow $417M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +4% | +4% |
| Gross profit | $640M | +4% | +3% |
| Operating profit | $340M | +11% | +21% |
| Net earnings | $267M | +19% | -1% |
| Operating cash flow | $417M | +216% | +32% |
| Free cash flow | $392M | +266% | +44% |
What changed
Revenue was $1.4B in Q3 FY26, up 4% year over year and up 4% from the previous quarter. Whiskey was the largest line at 57% of revenue. Whiskey added $0.05B year over year (up 6%), 100% of the total change. Non-branded and bulk declined 70%.
Gross margin was 45.8%, down 0.1 points from Q3 FY25. Operating profit was $0.34B, a 24.4% margin (up 3.6 points year over year). Of the extra revenue versus Q3 FY25, 125% reached operating profit, above the 21% margin then. Operating expenses fell 12% while revenue rose 4%. Net earnings were $0.27B, down 1% year over year. The effective tax rate was 15.2%.
Operating cash flow was $0.42B (up 32% year over year), 156% 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 added $0.12B. Capital expenditures of $0.03B left free cash flow of $0.39B.
Questions
What was Brown Forman's revenue in the third quarter fiscal 2026?
Brown Forman (BF-B) reported revenue of $1.4B for the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier and +4% from the quarter before.
Was Brown Forman profitable in the third quarter fiscal 2026?
Operating profit was $340M (24.4% of revenue) and net earnings $267M.
Source: Brown Forman 10-Q on SEC EDGAR.