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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$13.16B-7.3%
Enterprise value$15.12B-6.0%
P/E18.4×+1.6×
P/S3.4×-0.2×

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:SellingGeneralAndAdministrativeExpense.

The source filing: Brown-Forman Corporation’s 10-K, filed June 12, 2026.

Filed
Jun 12, 2026, 4:01 PM EDT
Fiscal year
FY2026
Accession
0000014693-26-000024
Year Ended April 30,202420252026
Cost of sales1,6521,6321,550
Gross profit2,5262,3432,378
Advertising expenses529484462
Selling, general, and administrative expenses826744807
Restructuring and other charges6019
Gain on business divestitures(267)
Other intangible assets impairment747132
Other expense (income), net17(99)(43)

Item 8. Financial Statements and Supplementary Data

FAQ

What is Brown-Forman Corporation's SG&A?
Brown-Forman Corporation (BF.A) reported SG&A of $259M in Q1 2026.
How has Brown-Forman Corporation's SG&A changed year-over-year?
Brown-Forman Corporation's SG&A increased by 34.2% year-over-year, from $193M to $259M.
What is the long-term trend for Brown-Forman Corporation's SG&A?
Over 4 years (2022 to 2026), Brown-Forman Corporation's SG&A has grown at a 4.0% compound annual growth rate (CAGR), from $690M to $807M.
What does SG&A mean?
Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

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