What is Brown-Forman Corporation's deferred taxes?

Brown-Forman Corporation (BF.A) reported deferred taxes of -$8M in Q1 2026.

What does deferred taxes mean?

The difference between tax reported on financial statements and tax actually paid to the government.

How do you interpret deferred taxes?

Changes reflect shifts in tax strategy, depreciation methods, or timing of income recognition.

How does deferred taxes compare across companies?

Highly dependent on local tax jurisdictions and accounting standards used by peers.

Brown-Forman Corporation BF.A Deferred Taxes

Deferred Taxes at other companies

Constellation BrandsSTZ

$198.8M+862%

Keurig Dr PepperKDP

$4M+167%

Other financials

Income statement

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Revenue$912.0M+2.0%

Gross profit$571.0M+11.3%

Operating income$96.0M-53.2%

Net income$54.0M-63.0%

EPS (diluted)$0.12-61.3%

Balance sheet

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Cash & equivalents$308.0M-33.5%

Total debt$2.3B-20.3%

Total equity$4.0B+0.7%

Total assets$7.9B-2.4%

Cash flow

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Operating cash flow$291.0M+91.4%

CapEx$26.0M-48.0%

Free cash flow$265.0M+160%

Valuation

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Market cap$12.22B-26.0%

Enterprise value$14.18B-25.0%

P/E17.1×-1.9×

P/S3.1×-1.0×

Profitability

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Gross margin60.5%+1.6pp

Operating margin25.5%-2.4pp

Net margin18.2%-3.7pp

FCF margin22.7%+11.9pp

Returns & leverage

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Return on equity17.8%-5.3pp

Debt / equity0.6×-0.1×

Current ratio3.2×-0.6×

Where this comes from

Reported directly by Brown-Forman Corporation in its filing.

Tagged under the XBRL concept us-gaap:DeferredIncomeTaxExpenseBenefit.

The official record: Brown-Forman Corporation’s 10-K, filed June 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Brown-Forman Corporation's deferred taxes?: Brown-Forman Corporation (BF.A) reported deferred taxes of -$8M in Q1 2026.
What does deferred taxes mean?: The difference between tax reported on financial statements and tax actually paid to the government.
How do you interpret deferred taxes?: Changes reflect shifts in tax strategy, depreciation methods, or timing of income recognition.
How does deferred taxes compare across companies?: Highly dependent on local tax jurisdictions and accounting standards used by peers.