Brown Forman (BF-A) Operating Expenses (2009 - 2026)
Brown Forman (BF-A) posted quarterly Operating Expenses of $259.0 million for Q2 2026, up 17.73% year-over-year from $220.0 million in Q2 2025, and up 38.5% quarter-over-quarter from $187.0 million in Q1 2026.
Brown Forman (BF-A) Operating Expenses (2009 - 2026) Analysis & Trends
Brown Forman (BF-A) has reported Operating Expenses for 18 consecutive years, with $259.0 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses rose 17.73% year-over-year to $259.0 million; the TTM figure through Apr 2026 stood at $826.0 million (up 2.74% YoY), while the FY2026 annual figure was $826.0 million, up 2.74% from the prior year.
- Operating Expenses climbed to $259.0 million in Q2 2026 per BF-A's latest filing, from $187.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $259.0 million in Q2 2026 and bottomed at $162.0 million in Q1 2022.
- Historically, Operating Expenses has averaged $197.5 million across 5 years, with a median of $191.5 million in 2023.
- On a YoY basis, Operating Expenses climbed as much as 17.73% in 2026 and fell as far as 10.53% in 2026.
- Brown Forman's Operating Expenses stood at $180.0 million in 2022, then advanced by 6.67% to $192.0 million in 2023, then dropped by 2.6% to $187.0 million in 2024, then climbed by 2.14% to $191.0 million in 2025, then jumped by 35.6% to $259.0 million in 2026.
- Business Quant data shows BF-A's Operating Expenses at $259.0 million in Q2 2026, $187.0 million in Q1 2026, and $191.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Diageo | 210.11 Bn | 203.30 Bn | - | - |
| 2 | Brown Forman | 13.51 Bn | 13.21 Bn | 571.00 Mn | 259.00 Mn |
| 3 | Mgp Ingredients | 387.51 Mn | 369.72 Mn | 46.47 Mn | 20.24 Mn |
| 4 | Agencia Comercial Spirits | 235.51 Mn | 219.68 Mn | - | - |
| 5 | Crimson Wine | 87.49 Mn | 75.65 Mn | 8.62 Mn | 12.94 Mn |
| 6 | Epsium Enterprise | 13.36 Mn | 7.57 Mn | - | - |
| 7 | Willamette Valley Vineyards | 10.76 Mn | 10.76 Mn | - | - |
| 8 | Splash Beverage | 536,097.50 | 154,902.50 | 1,848.00 | 980,818.00 |
| 9 | LQR House | 373,908.50 | -4.09 Mn | -22,236.00 | 2.89 Mn |
| 10 | Sndl | 356,122.25 | -146.61 Mn | 40.74 Mn | 31.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jul 31, 2021 | 168.00 Mn |