8-K filed Oct 2, 2025
Brown–Forman authorizes $400M for stock buybacks
“LOUISVILLE, KY – October 2, 2025 – Brown-Forman Corporation (NYSE: BFA, BFB) announced that its Board of Directors has approved a $400 million share repurchase authorization, commencing October 1, 2025, through October 1, 2026, subject to market and other conditions.”
From Brown–Forman’s 8-K filed Oct 2, 2025 · read the filing · all documents
How big is it?
Brown–Forman bought back $301M of stock in the twelve months to Jul 31, 2026. At that pace, $400M covers about 1.3 years of buybacks.
The amount equals 43% of its free cash flow over the same twelve months ($925M).
Its diluted share count is down 2.8% from a year earlier.
An authorization is permission, not a promise: the company can buy less, more slowly, or not at all, and usually doesn't have to say when it buys.
Show as table
| Period | Value |
|---|---|
| Q4 '23 | $0 |
| Q1 '24 | $358M |
| Q2 '24 | $0 |
| Q3 '24 | $0 |
| Q4 '24 | $0 |
| Q1 '25 | $0 |
| Q2 '25 | $0 |
| Q3 '25 | $0 |
| Q4 '25 | $0 |
| Q1 '26 | $301M |
| Q2 '26 | $0 |
| Q3 '26 | $0 |