Brown Forman (BF-A) Operating Expenses (2009 - 2026)
Brown Forman's (BF-A) quarterly Operating Expenses came in at $185.0 million in Q3 2026, down 2.12% year-over-year from $189.0 million in Q3 2025, and down 28.57% quarter-over-quarter from $259.0 million in Q2 2026.
Analysis
Brown Forman (BF-A) Operating Expenses (2009 - 2026) Analysis & Trends
Brown Forman (BF-A) has reported Operating Expenses for 18 consecutive years, with $185.0 million the latest figure, recorded in Q3 2026.
- On a quarterly basis, Operating Expenses fell 2.12% year-over-year to $185.0 million in Q3 2026; TTM through Jul 2026 was $822.0 million, a 2.11% increase from a year earlier, with the FY2026 full-year figure at $826.0 million, up 2.74% from the prior year.
- Operating Expenses was $185.0 million for Q3 2026 at Brown Forman, down from $259.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $259.0 million in Q2 2026 and troughed at $162.0 million in Q1 2022.
- A 5-year average of $196.8 million and a median of $191.0 million in 2025 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 17.73% in 2026, down 10.53% in 2026.
- Over 5 years, Operating Expenses stood at $180.0 million in 2022, then rose by 6.67% to $192.0 million in 2023, then decreased by 2.6% to $187.0 million in 2024, then gained by 2.14% to $191.0 million in 2025, then decreased by 3.14% to $185.0 million in 2026.
- The last three Operating Expenses figures came in at $185.0 million (Q3 2026), $259.0 million (Q2 2026), and $187.0 million (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brown Forman | 12.37 Bn | 12.07 Bn | 549.00 Mn | 185.00 Mn |
| 2 | Mgp Ingredients | 322.89 Mn | 305.10 Mn | 46.47 Mn | 20.24 Mn |
| 3 | Agencia Comercial Spirits | 217.05 Mn | 201.22 Mn | - | - |
| 4 | Crimson Wine | 92.64 Mn | 80.79 Mn | 8.62 Mn | 12.94 Mn |
| 5 | Beeline Holdings | 15.21 Mn | 13.51 Mn | - | 7.12 Mn |
| 6 | Willamette Valley Vineyards | 10.76 Mn | 10.76 Mn | - | - |
| 7 | Endovia Health Sciences | 778,792.34 | 536,090.34 | - | 2.01 Mn |
| 8 | LQR House | 301,948.67 | -7.03 Mn | 45,902.00 | 3.92 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 185.00 Mn |
| Apr 30, 2026 | 259.00 Mn |
| Jan 31, 2026 | 187.00 Mn |
| Oct 31, 2025 | 191.00 Mn |
| Jul 31, 2025 | 189.00 Mn |
| Apr 30, 2025 | 220.00 Mn |
| Jan 31, 2025 | 209.00 Mn |
| Oct 31, 2024 | 187.00 Mn |
| Jul 31, 2024 | 188.00 Mn |
| Apr 30, 2024 | 231.00 Mn |
| Jan 31, 2024 | 203.00 Mn |
| Oct 31, 2023 | 192.00 Mn |
| Jul 31, 2023 | 200.00 Mn |
| Apr 30, 2023 | 201.00 Mn |
| Jan 31, 2023 | 186.00 Mn |
| Oct 31, 2022 | 180.00 Mn |
| Jul 31, 2022 | 175.00 Mn |
| Apr 30, 2022 | 195.00 Mn |
| Jan 31, 2022 | 162.00 Mn |
| Oct 31, 2021 | 165.00 Mn |