Direct Answer
Constellation Brands reports revenue across 2 business segments in its fiscal 2026 Form 10-K. Beer is the largest, with $8.3 billion of revenue (91% of the total), followed by Constellation Wines and Spirits at $824 million (9%).
How Does Constellation Brands Make Money?
Beer supplies 91% of revenue, so Constellation Brands's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2025 and 2026, Beer grew fastest (-2.6%) and Constellation Wines and Spirits slowest (-50.6%), so the revenue mix tilts toward Beer while that gap lasts.
| Segment | FY2026 revenue | FY2025 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Beer | $8.3 billion | $8.5 billion | 91.0% | -2.6% |
| Constellation Wines and Spirits | $824 million | $1.7 billion | 9.0% | -50.6% |
Which Constellation Brands Segments Earn the Most?
| Segment | FY2026 segment operating income | Segment margin |
|---|---|---|
| Beer | $3.2 billion | 38.0% |
| Constellation Wines and Spirits | $11 million | 1.3% |
Segment operating income is the profit measure Constellation Brands reports to its chief operating decision maker for each segment. It usually leaves out corporate costs that are not allocated to a segment, so the segments usually add up to more than consolidated operating income, and margins are comparable within Constellation Brands more safely than against another company.
What the Segment Figures Do Not Show
The rows above add up to 100% of Constellation Brands's reported revenue for fiscal 2026; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.
Where These Numbers Come From
Every figure on this page is a value Constellation Brands reported in the segment note and revenue disclosures of its Form 10-K filed April 22, 2026 (accession 0000016918-26-000011), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2026; it is not a forecast or a recommendation.
Frequently Asked Questions
What are Constellation Brands's business segments?
In its fiscal 2026 Form 10-K, Constellation Brands reports revenue for Beer and Constellation Wines and Spirits.
Which part of Constellation Brands brings in the most revenue?
Beer, with $8.3 billion of revenue in fiscal 2026, or 91% of the total.
Where does Constellation Brands report its segment results?
In the segment note to the financial statements in its Form 10-K, most recently filed April 22, 2026, alongside management's discussion of each segment's results.