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Brown-Forman

BF.B

Financial Statements

Income Statement (Annual)

Amounts in millions

2025

4/30/2025

Revenue
3,975
Cost of Revenue
1,632
Gross Profit
2,343
Gross Margin
58.9%
Operating Income
1,107
Operating Margin
27.8%
Net Income
869
Net Margin
21.9%
EPS (Basic)
$1.84
EPS (Diluted)
$1.84
EBITDA
1,290
EBITDA Margin
32.5%

2024

4/30/2024

Revenue
4,178
Cost of Revenue
1,652
Gross Profit
2,526
Gross Margin
60.5%
Operating Income
1,414
Operating Margin
33.8%
Net Income
1,024
Net Margin
24.5%
EPS (Basic)
$2.15
EPS (Diluted)
$2.15
EBITDA
1,512
EBITDA Margin
36.2%

2023

4/30/2023

Revenue
4,228
Cost of Revenue
1,734
Gross Profit
2,494
Gross Margin
59.0%
Operating Income
1,127
Operating Margin
26.7%
Net Income
783
Net Margin
18.5%
EPS (Basic)
$1.63
EPS (Diluted)
$1.63
EBITDA
1,187
EBITDA Margin
28.1%

2022

4/30/2022

Revenue
3,933
Cost of Revenue
1,542
Gross Profit
2,391
Gross Margin
60.8%
Operating Income
1,204
Operating Margin
30.6%
Net Income
838
Net Margin
21.3%
EPS (Basic)
$1.75
EPS (Diluted)
$1.74
EBITDA
1,275
EBITDA Margin
32.4%

2021

4/30/2021

Revenue
3,461
Cost of Revenue
1,367
Gross Profit
2,094
Gross Margin
60.5%
Operating Income
1,166
Operating Margin
33.7%
Net Income
903
Net Margin
26.1%
EPS (Basic)
$1.89
EPS (Diluted)
$1.88
EBITDA
1,239
EBITDA Margin
35.8%