Brown Forman (BF-B) Operating Margin (2009 - 2026)
Brown Forman (BF-B) recorded Operating Margin of 21.34% in fiscal Q1 2027 (quarter ended Jul 31, 2026), down 0.49 percentage points from 21.83% a year earlier but up 13.05 percentage points from the prior quarter.
Brown Forman (BF-B) Operating Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Brown Forman's Operating Margin came in at 19.58% as of Jul 31, 2026, down 1.99 percentage points year-over-year; for FY2026 (ended Apr 30, 2026), it came in at 19.70%, down 2.20 percentage points from FY2025.
- Annual Operating Margin has a five-year change of -6.07 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, Operating Margin came in at 21.89% in FY2025 (-4.64 pp), 26.54% in FY2024 (+5.56 pp), 20.98% in FY2023 (-2.72 pp) and 23.70% in FY2022 (-2.07 pp).
- Quarterly Operating Margin has ranged from 8.28% in fiscal Q4 2026 to 31.49% in fiscal Q4 2024 over the past five years.
- On a year-over-year basis, Operating Margin rose in two of the last eight quarters, with an average year-over-year change of -3.57 percentage points.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 14.22 percentage points in fiscal Q3 2024, against a drop of 13.20 percentage points in fiscal Q4 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 8.28% (Q4 2026), 24.36% (Q3 2026) and 22.83% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coca Cola | 375.10 Bn | 363.73 Bn | 8.42 Bn | 34.92% |
| 2 | Diageo | 209.77 Bn | 202.17 Bn | - | - |
| 3 | Coca Cola Femsa Sab De Cv | 182.89 Bn | 182.89 Bn | 2.06 Bn | 13.96% |
| 4 | Pepsico | 175.39 Bn | 135.83 Bn | 13.11 Bn | 16.64% |
| 5 | Anheuser-Busch InBev | 138.58 Bn | 107.33 Bn | 9.58 Bn | 27.38% |
| 6 | Monster Beverage | 82.00 Bn | 70.25 Bn | 1.42 Bn | 29.18% |
| 7 | Coca-Cola Europacific Partners | 46.20 Bn | 39.44 Bn | - | - |
| 8 | Ambev | 45.08 Bn | 31.10 Bn | 2.06 Bn | 23.89% |
| 9 | Keurig Dr Pepper | 42.81 Bn | 43.05 Bn | 3.07 Bn | 8.59% |
| 10 | Brown Forman | 11.94 Bn | 10.63 Bn | 549.00 Mn | 21.34% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 21.34% |
| Apr 30, 2026 | 8.28% |
| Jan 31, 2026 | 24.36% |
| Oct 31, 2025 | 22.83% |
| Jul 31, 2025 | 21.83% |
| Apr 30, 2025 | 18.29% |
| Jan 31, 2025 | 20.77% |
| Oct 31, 2024 | 24.78% |
| Jul 31, 2024 | 23.20% |
| Apr 30, 2024 | 31.49% |
| Jan 31, 2024 | 26.53% |
| Oct 31, 2023 | 24.13% |
| Jul 31, 2023 | 24.66% |
| Apr 30, 2023 | 23.03% |
| Jan 31, 2023 | 12.30% |
| Oct 31, 2022 | 22.62% |
| Jul 31, 2022 | 26.63% |
| Apr 30, 2022 | 19.68% |
| Jan 31, 2022 | 25.42% |
| Oct 31, 2021 | 25.10% |
Brown Forman Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=BF-B&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "BF-B", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=BF-B&period=max&api_key=YOUR_API_KEY");
const data = await res.json();