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Stock-Based Compensation (Notes)
 12 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-based compensation STOCK-BASED COMPENSATION
The Company’s employees participate in the Company’s long-term incentive plan (the “BellRing Long-Term Incentive Plan”). Awards issued under the BellRing Long-Term Incentive Plan have a maximum term of 10 years, provided, however, that the Corporate Governance and Compensation Committee of the Company’s Board of Directors may, in its discretion, grant awards with a longer term to participants who are located outside of the U.S. On September 12, 2024, the Company registered an additional 6.0 million shares reserved for issuance under the BellRing Long-Term Incentive Plan. At September 30, 2025 there were 6.2 million shares available to be issued for stock-based compensation awards under the BellRing Long-Term Incentive Plan.
During the years ended September 30, 2025, 2024 and 2023, total compensation cost for the Company’s non-cash stock-based compensation awards recognized was $22.1, $21.0 and $14.2, respectively, and the related recognized deferred tax benefit was $1.6, $2.0 and $1.6, respectively. As of September 30, 2025, the total compensation cost related to the Company’s nonvested awards not yet recognized was $24.7, which is expected to be recognized over a weighted-average period of 0.9 years.
Stock Options
Information about stock options is summarized in the following table.
$ in millions, except per share
Stock Options
Weighted-
Average
Exercise
Price Per
Share
Weighted-
Average
Remaining
Contractual
Term in Years		Aggregate
Intrinsic
Value
Outstanding at September 30, 2024258,987$17.74 
Granted—— 
Exercised(11,000)17.30 
Forfeited—— 
Expired—— 
Outstanding at September 30, 2025247,98717.76 4.83$4.6 
Vested and expected to vest as of September 30, 2025247,98717.76 4.834.6 
Exercisable at September 30, 2025247,98717.76 4.834.6 
There were no stock options granted during the years ended September 30, 2025, 2024 or 2023. The total intrinsic value of stock options exercised was $0.2 in the year ended September 30, 2025, and the Company received proceeds from the exercise of stock options of $0.2 during the year ended September 30, 2025. There were no stock options exercised during the years ended September 30, 2024 or 2023.
Restricted Stock Units (“RSUs”)
Information about RSUs is summarized in the following table.
RSUs
Weighted-
Average
Grant Date Fair Value Per
 Share
Nonvested at September 30, 2024433,260 $36.63 
Granted132,824 69.67 
Vested(198,417)31.04 
Forfeited(17,972)39.77 
Nonvested at September 30, 2025349,695 42.48 
The grant date fair value of each RSU was determined based upon the closing price of the Company’s common stock on the date of grant. The weighted-average grant date fair value of nonvested RSUs was $42.48, $36.63 and $24.06 at September 30, 2025, 2024 and 2023, respectively. The total vest date fair value of RSUs that vested during fiscal 2025, 2024 and 2023 was $14.4, $11.8 and $7.8, respectively.
Performance Restricted Stock Units (“PRSUs”)
Information about PRSUs is summarized in the following table.
PRSUs
Weighted-
Average
Grant Date Fair Value Per
 Share
Nonvested at September 30, 2024773,194 $53.79 
Granted85,818 129.89 
Adjustment for performance achievement (a)
600,351 n/a
Vested(975,570)41.44 
Forfeited— — 
Nonvested at September 30, 2025483,793 77.47 
(a)Represents the adjustment to previously granted PRSUs for performance achievement.
The Company grants PRSUs to certain employees and directors. These awards will be earned by comparing the Company’s total shareholder return (“TSR”) during a period of approximately three years to the respective TSRs of companies in a performance peer group. Based upon the Company’s ranking in its performance peer group when comparing TSRs, a recipient of the PRSU grant may earn a total award ranging from 0% to 260% of the target award. The fair value of each PRSU was estimated on the grant date using a Monte Carlo simulation. The total vest date fair value of PRSUs that vested during fiscal 2025 was $75.6. No PRSUs vested during fiscal 2024 or 2023.
The weighted-average assumptions for PRSUs granted during the years ended September 30, 2025, 2024 and 2023 are summarized in the table below.
202520242023
Expected term
3 years3 years3 years
Expected stock price volatility36.5%39.4%46.8%
Risk-free interest rate4.1%4.7%4.1%
Expected dividends—%—%—%
Fair value (per PRSU)
$129.89$81.42$45.26