Brown-Forman Corporation stock research
FY2026 Q4
Brown-Forman (BF-B) Gross Margin & Quarterly History
Explore Brown-Forman Corporation (BF-B) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Apr 30, 2026 · FY2026 Q4
Revenue and gross profit both decreased from the prior quarter but increased compared to the same quarter last year. Gross margin improved sequentially and year-over-year, driven by a proportionally larger decline in cost of revenue relative to revenue.
- The strongest observable margin driver is the lower cost of revenue relative to revenue, which lifted gross margin in both comparisons.
- Compared to the immediately preceding quarter, revenue was lower while gross margin was higher. Compared to the same quarter one year earlier, both revenue and gross margin were higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
62.6%
Gross profit
$571.0M
Revenue
$912.0M
Cost of revenue
$341.0M
Quarter-over-quarter change
+2.0 pts
Year-over-year change
+5.2 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jul 31, 2025 | $924.0M | $552.0M | $372.0M | 59.7% |
| Oct 31, 2025 | $1.0B | $615.0M | $421.0M | 59.4% |
| Jan 31, 2026 | $1.1B | $640.0M | $416.0M | 60.6% |
| Apr 30, 2026 | $912.0M | $571.0M | $341.0M | 62.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jan 31, 2026
+2.0 pts
Year-over-year change
Apr 30, 2025
+5.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the lower cost of revenue relative to revenue, which lifted gross margin in both comparisons.
Compared to the immediately preceding quarter, revenue was lower while gross margin was higher. Compared to the same quarter one year earlier, both revenue and gross margin were higher.
Monitor the trajectory of cost of revenue relative to revenue in upcoming quarters to assess margin sustainability.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Brown-Forman Corporation (BF-B) | 62.6% |