Brown Forman (BF-A) Operating Margin (2009 - 2026)
Brown Forman (BF-A) posted quarterly Operating Margin of 38.87% for Q2 2026, down 47363.0% year-over-year from N/an in Q2 2025, and up 59.58% quarter-over-quarter from 24.36% in Q1 2026.
Brown Forman (BF-A) Operating Margin (2009 - 2026) Analysis & Trends
Brown Forman (BF-A) has reported Operating Margin for 18 consecutive years, with 38.87% the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Margin fell 47363.0% year-over-year to 38.87%; the TTM figure through Apr 2026 stood at 34.91% (down 55.0% YoY), while the FY2026 annual figure was 86.74%, up 5889.0% from the prior year.
- Operating Margin climbed to 38.87% in Q2 2026 per BF-A's latest filing, from 24.36% in the prior quarter.
- Across five years, Operating Margin topped out at 512.5% in Q2 2025 and bottomed at 8.94% in Q2 2023.
- Historically, Operating Margin has averaged 66.05% across 5 years, with a median of 30.09% in 2024.
- Annual changes were most pronounced in 2025 — Operating Margin soared 49476 bps — and 2026, when it sank 47363 bps.
- Brown Forman's Operating Margin stood at 22.62% in 2022, then soared by 35 bps to 30.62% in 2023, then increased by 2 bps to 31.14% in 2024, then soared by 226 bps to 101.67% in 2025, then plunged by 62 bps to 38.87% in 2026.
- Business Quant data shows BF-A's Operating Margin at 38.87% in Q2 2026, 24.36% in Q1 2026, and 101.67% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Diageo | 209.00 Bn | 202.19 Bn | - | - |
| 2 | Brown Forman | 13.48 Bn | 13.18 Bn | 571.00 Mn | 8.28% |
| 3 | Mgp Ingredients | 381.72 Mn | 363.93 Mn | 46.47 Mn | 14.19% |
| 4 | Agencia Comercial Spirits | 231.21 Mn | 215.39 Mn | - | - |
| 5 | Crimson Wine | 87.49 Mn | 75.65 Mn | 8.62 Mn | 0.18% |
| 6 | Epsium Enterprise | 12.99 Mn | 7.20 Mn | - | - |
| 7 | Willamette Valley Vineyards | 11.05 Mn | 11.05 Mn | - | - |
| 8 | Splash Beverage | 498,408.51 | 117,213.51 | 1,848.00 | -23,176.37% |
| 9 | LQR House | 395,274.71 | -4.07 Mn | -22,236.00 | -1,305.95% |
| 10 | Sndl | 347,031.42 | -146.62 Mn | 40.74 Mn | -3.33% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 38.87% |
| Jan 31, 2026 | 24.36% |
| Oct 31, 2025 | 101.67% |
| Jul 31, 2025 | 28.14% |
| Apr 30, 2025 | 512.50% |
| Jan 31, 2025 | 27.05% |
| Oct 31, 2024 | 31.14% |
| Jul 31, 2024 | 29.55% |
| Apr 30, 2024 | 17.74% |
| Jan 31, 2024 | 34.89% |
| Oct 31, 2023 | 30.62% |
| Jul 31, 2023 | 113.54% |
| Apr 30, 2023 | 8.94% |
| Jan 31, 2023 | 16.00% |
| Oct 31, 2022 | 22.62% |
| Jul 31, 2022 | 34.06% |
| Apr 30, 2022 | 11.47% |
| Jan 31, 2022 | 105.79% |
| Oct 31, 2021 | 32.39% |
| Jul 31, 2021 | 104.33% |