Filing Flows › Constellation Brands (STZ) › Q4 FY26
Constellation Brands (STZ) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Apr 22, 2026
Constellation Brands (STZ) reported revenue of $2.0B for the fourth quarter fiscal 2026 (Q4 FY26), -11% from a year earlier and -14% from the quarter before. Operating margin was 21.5%, net earnings $202M (9.8% of revenue).
Constellation Brands, Q4 FY26: revenue $2.0B (-11% year over year), operating margin 21.5%, net earnings $202M, operating cash flow $563M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | -14% | -11% |
| Gross profit | $952M | -20% | -15% |
| Operating profit | $442M | -36% | — |
| Net earnings | $202M | -60% | — |
| Operating cash flow | $563M | -9% | -5% |
| Free cash flow | $344M | -7% | +10% |
What changed
Revenue was $2.0B in Q4 FY26, down 11% year over year and down 14% from the previous quarter.
Gross margin was 46.4%, down 1.8 points from Q4 FY25. Operating profit was $0.44B, a 21.5% margin (up 28.0 points year over year). Operating expenses fell 60% while revenue fell 11%. Net earnings were $0.20B. The effective tax rate was 36.0%.
Operating cash flow was $0.56B (down 5% year over year), 250% of net income including minority interests. Non-cash charges added back $0.11B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.21B. Capital expenditures of $0.22B left free cash flow of $0.34B.
Questions
What was Constellation Brands' revenue in the fourth quarter fiscal 2026?
Constellation Brands (STZ) reported revenue of $2.0B for the fourth quarter fiscal 2026 (Q4 FY26), -11% from a year earlier and -14% from the quarter before.
Was Constellation Brands profitable in the fourth quarter fiscal 2026?
Operating profit was $442M (21.5% of revenue) and net earnings $202M.