Starbucks Corp. (SBUX) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$0.65	$0.85	+30.8%	—	—	—
Q3 26	$0.44	$0.5	+13.6%	—	—	—
Q2 26	$0.59	$0.56	-5.1%	—	—	—
Q1 26	$0.56	$0.52	-7.1%	—	—	—
Q4 25	$0.65	$0.5	-23.1%	—	—	—
Q3 25	$0.48	$0.41	-14.6%	—	—	—
Q2 25	$0.67	$0.69	+3.0%	—	—	—
Q1 25	$0.89	$0.8	-10.1%	—	—	—
Q4 24	$0.93	$0.93	0.0%	—	—	—
Q3 24	$0.8	$0.68	-15.0%	—	—	—
Q2 24	$0.94	$0.9	-4.3%	—	—	—
Q1 24	$0.97	$1.06	+9.3%	—	—	—
Q4 23	$0.95	$1	+5.3%	—	—	—
Q3 23	$0.65	$0.74	+13.8%	—	—	—
Q2 23	$0.77	$0.75	-2.6%	—	—	—
Q1 23	$0.72	$0.81	+12.5%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.63	—	—	$37.2B	—
FY24	—	$3.32	—	—	$36.2B	—
FY23	—	$3.6	—	—	$36B	—
FY22	—	$2.86	—	—	$32.3B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$21.3B	$22.4B	$24.7B	$26.5B	$23.5B	$29.1B	$32.3B	$36B	$36.2B	$37.2B
YoY change	+11.2%	+5.02%	+10.4%	+7.24%	-11.3%	+23.6%	+11%	+11.6%	+0.56%	+2.79%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	21.3B	22.4B	24.7B	26.5B	23.5B	29.1B	32.3B	36B	36.2B	37.2B
Cost of revenue	14.6B	15.6B	17.4B	19B	18.5B	20.7B	23.9B	26.1B	26.5B	28.7B
Gross profit	6.7B	6.8B	7.3B	7.5B	5.1B	8.4B	8.4B	9.8B	9.7B	8.5B
Gross margin	31.6%	30.5%	29.6%	28.2%	21.5%	28.9%	26%	27.4%	26.8%	22.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.4B	1.4B	1.7B	1.8B	1.7B	1.9B	2B	2.4B	2.5B	2.6B
Operating expenses	1.9B	1.9B	2.3B	2.2B	2.1B	2.3B	2.5B	3B	3.1B	3.2B
Operating income	3.9B	3.9B	3.8B	3.9B	1.5B	4.7B	4.4B	5.5B	5.1B	3.6B
Operating margin	18.1%	17.4%	15.4%	14.8%	6.45%	16%	13.7%	15.3%	14.1%	9.63%
Non-operating income, net	323.6M	331.4M	2B	785M	43.8M	1.1B	188.1M	367.9M	301.2M	-644.2M
Pretax income	4.2B	4.3B	5.8B	4.5B	1.2B	5.4B	4.2B	5.4B	5B	2.5B
Income tax	1.4B	1.4B	1.3B	871.6M	239.7M	1.2B	948.5M	1.3B	1.2B	650.6M
Net income	2.8B	2.9B	4.5B	3.6B	924.7M	4.2B	3.3B	4.1B	3.8B	1.9B
Net margin	13.2%	12.9%	18.3%	13.6%	3.93%	14.5%	10.2%	11.5%	10.4%	4.99%
EBITDA	5.3B	5.5B	5.6B	5.8B	3.4B	6.7B	6.3B	7.3B	7.1B	5.7B
EPS	1.92	2	3.45	3.04	0.79	3.56	2.86	3.6	3.32	1.63
Diluted EPS	1.9	1.97	3.24	2.92	0.79	3.54	2.83	3.58	3.31	1.63

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	9.4B	9.4B	8.6B	9.1B	9.1B	9.4B	8.8B	9.5B	9.6B	9.9B	9.5B	9.3B
Cost of revenue	6.7B	6.8B	6.4B	6.6B	6.7B	7.1B	6.9B	7.3B	7.4B	7.8B	7.6B	7B
Gross profit	2.7B	2.6B	2.2B	2.5B	2.4B	2.3B	1.8B	2.2B	2.2B	2.1B	1.9B	2.3B
Gross margin	29%	27.5%	25.6%	27.9%	26.2%	24.5%	21.1%	22.8%	22.6%	21.1%	20.1%	24.6%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	635.7M	648M	654.6M	576M	644.7M	665.8M	632.3M	677.2M	642M	638.8M	618.1M	598.8M
Operating expenses	781M	798.4M	787.4M	719.9M	783.2M	818.3M	771M	828.8M	783.8M	770M	748.6M	730.7M
Operating income	1.6B	1.4B	1B	1.4B	1.2B	1.1B	658.1M	899.3M	948.1M	918.3M	802.4M	1.2B
Operating margin	16.9%	15.2%	12%	15.8%	13.3%	11.4%	7.51%	9.51%	9.91%	9.26%	8.42%	12.9%
Non-operating income, net	119.4M	55.9M	68M	73.9M	103.4M	46.5M	-57.1M	36.3M	-669.9M	-27.5M	25.7M	312.3M
Pretax income	1.6B	1.4B	992.4M	1.4B	1.2B	1B	502.1M	818.9M	163.9M	764.8M	728.1M	1.4B
Income tax	373.8M	354.7M	219.9M	348.6M	284.1M	241.4M	118M	260.4M	30.7M	471.6M	217.3M	374.4M
Net income	1.2B	1B	772.5M	1.1B	909.6M	780.9M	384.1M	558.5M	133.2M	293.2M	510.8M	1B
Net margin	13%	10.9%	9.02%	11.6%	10%	8.31%	4.38%	5.91%	1.39%	2.96%	5.36%	11.2%
EBITDA	2.1B	1.9B	1.5B	2B	1.7B	1.6B	1.2B	1.4B	1.5B	1.4B	1.3B	1.7B
EPS	1.06	0.9	0.68	0.93	0.8	0.69	0.34	0.49	0.12	0.26	0.45	0.92
Diluted EPS	1.06	0.9	0.68	0.93	0.8	0.69	0.34	0.49	0.12	0.26	0.45	0.91

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	79.1B	76.9B	74.4B	104.7B	100.8B	130.2B	96.7B	104.7B	110.5B	96.2B	108.6B
Enterprise value	80.4B	78.1B	74.9B	113.2B	121.4B	147.2B	117.3B	125.3B	132.8B	119.3B	127B
Shares outstanding	1.5B	1.4B	1.3B	1.2B	1.2B	1.2B	1.1B	1.1B	1.1B	1.1B	1.1B

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	28.1	26.7	16.5	29.1	109	31	29.5	25.4	29.4	51.8	55.2
P/S	3.71	3.43	3.01	3.95	4.29	4.48	3	2.91	3.05	2.59	2.84
P/B	13.4	14.1	63.3	-16.8	-12.9	-24.5	-11.1	-13.1	-14.8	-11.9	-14.2
EV/EBITDA	15.2	14.1	13.4	19.6	35.9	22.1	18.7	17.1	18.6	20.9	22.5
EV/Sales	3.77	3.49	3.03	4.27	5.16	5.06	3.64	3.48	3.67	3.21	3.31
Earnings yield	3.57%	3.75%	6.07%	3.43%	0.92%	3.23%	3.39%	3.94%	3.4%	1.93%	1.81%
FCF yield	4.12%	3.55%	13.4%	3.09%	0.11%	3.47%	2.64%	3.51%	3%	2.54%	2.82%
PEG	—	—	—	—	—	—	—	—	—	—	0.64

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	31.6%	30.5%	29.6%	28.2%	21.5%	28.9%	26%	27.4%	26.8%	22.8%	24.6%
Operating margin	18.1%	17.4%	15.4%	14.8%	6.45%	16%	13.7%	15.3%	14.1%	9.63%	12.9%
Net margin	13.2%	12.9%	18.3%	13.6%	3.93%	14.5%	10.2%	11.5%	10.4%	4.99%	5.17%
ROE	47.9%	52.9%	384.2%	-57.7%	-11.9%	-79%	-37.7%	-51.6%	-50.6%	-23%	-22.9%
ROA	19.7%	20.1%	18.7%	18.7%	3.15%	13.4%	11.7%	14%	12%	5.8%	8.02%
ROIC	35.9%	38.9%	177.3%	144.6%	9.4%	31.3%	28.8%	33.2%	26.1%	17.6%	22.4%
Return on tangible assets	28.6%	27.7%	30.1%	33.7%	4.39%	18%	15.6%	18.1%	15.4%	7.44%	7.78%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.05	1.25	2.2	0.92	1.06	1.2	0.77	0.78	0.75	0.72	0.76
Quick ratio	0.74	0.93	1.95	0.67	0.85	1	0.53	0.59	0.56	0.51	0.54
Debt / equity	0.61	0.72	8.03	-1.79	-3.24	-4.44	-2.74	-3.08	-3.47	-3.29	-0.03
Debt / assets	0.25	0.27	0.39	0.58	0.86	0.75	0.85	0.84	0.82	0.83	0.79
Net debt / EBITDA	0.25	0.22	0.09	1.46	6.1	2.55	3.28	2.82	3.12	4.05	3.17
Interest coverage	52.6	47.7	34.9	14.5	3.66	12.4	9.76	10.8	9.84	5.62	6.53
Effective tax rate	32.9%	33.2%	21.8%	19.5%	20.6%	21.6%	22.4%	23.6%	24.3%	25.9%	35.6%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	14.6	15.6	18.9	22.4	20	24.6	28.1	31.4	31.9	32.7	33.7
EPS (basic)	1.92	2	3.45	3.04	0.79	3.56	2.86	3.6	3.32	1.63	1.63
EPS (diluted)	1.9	1.97	3.24	2.92	0.79	3.54	2.83	3.58	3.31	1.63	1.73
Book value per share	4.03	3.81	0.9	-5.26	-6.65	-4.5	-7.58	-6.97	-6.57	-7.12	-6.73
FCF per share	2.23	1.91	7.61	2.74	0.1	3.83	2.23	3.2	2.93	2.15	3.18
Cash per share	1.55	1.88	6.83	2.33	3.95	5.61	2.77	3.45	3.13	3.05	3.17
Capex per share	0.99	1.06	1.51	1.53	1.26	1.25	1.6	2.03	2.45	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	6.76%	6.79%	8%	6.82%	6.31%	5.06%	5.71%	6.49%	7.68%	—	—
Capex / operating cash flow	32.1%	33.8%	15.2%	65.3%	61.5%	23.1%	41%	38.7%	46.2%	—	—
Payout ratio	41.8%	50.3%	38.6%	49%	208%	50.4%	68.9%	59%	68.7%	149.3%	142.8%
Dividend yield	1.49%	1.89%	2.34%	1.68%	1.91%	1.63%	2.34%	2.32%	2.34%	2.88%	2.6%

Yield

2.6%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.62

ex-dividend Aug 14, 2026

Payout ratio

143%

of earnings

Dividend growth

12 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 14, 2026	$0.62
May 15, 2026	$0.62
Feb 13, 2026	$0.62
Nov 14, 2025	$0.62
Aug 15, 2025	$0.61

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$9.4B	$9.4B	$8.6B	$9.1B	$9.1B	$9.4B	$8.8B	$9.5B	$9.6B	$9.9B	$9.5B	$9.3B
YoY change	+11.4%	+8.16%	-1.8%	-0.59%	-3.2%	-0.29%	+2.32%	+3.75%	+5.46%	+5.5%	+8.79%	-1.41%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	2.3B	2.7B	8.9B	2.8B	4.6B	6.6B	3.2B	4B	3.5B	3.5B
Receivables	768.8M	870.4M	693.1M	879.2M	883.4M	940M	1.2B	1.2B	1.2B	1.3B
Inventory	1.4B	1.4B	1.4B	1.5B	1.6B	1.6B	2.2B	1.8B	1.8B	2.2B
Total current assets	4.8B	5.3B	12.5B	5.7B	7.8B	9.8B	7B	7.3B	6.8B	7.4B
Property, plant & equipment	4.1B	4.4B	5.4B	5.7B	13.8B	14B	14B	15.1B	17.3B	17.1B
Goodwill & intangibles	4.5B	4B	9.2B	8.5B	8.3B	8.1B	6.9B	6.7B	6.8B	7.1B
Total assets	14.3B	14.4B	24.2B	19.2B	29.4B	31.4B	28B	29.4B	31.3B	32B
Accounts payable	730.6M	782.5M	1.2B	1.2B	997.9M	1.2B	1.4B	1.5B	1.6B	1.9B
Short-term debt	399.9M	—	349.9M	—	2.9B	2.3B	3.2B	3.1B	2.7B	3.1B
Total current liabilities	4.5B	4.2B	5.7B	6.2B	7.3B	8.2B	9.2B	9.3B	9.1B	10.2B
Long-term debt	3.2B	3.9B	9.1B	11.2B	22.3B	21.4B	20.6B	21.5B	23.1B	23.5B
Total liabilities	8.4B	8.9B	23B	25.5B	37.2B	36.7B	36.7B	37.4B	38.8B	40.1B
Shareholders' equity	5.9B	5.5B	1.2B	-6.2B	-7.8B	-5.3B	-8.7B	-8B	-7.4B	-8.1B
Total debt	3.6B	3.9B	9.4B	11.2B	25.3B	23.6B	23.8B	24.6B	25.8B	26.6B
Net debt	1.5B	1.5B	683.8M	8.5B	20.9B	17.1B	21B	21B	22.5B	23.4B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	4B	—	—	—	—	—	—	—	3.5B	3.6B	1.7B	3.6B
Receivables	1.2B	—	—	—	—	—	—	—	1.3B	1.2B	1.3B	1.3B
Inventory	1.8B	—	—	—	—	—	—	—	2.2B	2.1B	2.2B	2.2B
Total current assets	7.3B	—	—	—	—	—	—	—	7.4B	12B	10.6B	7.5B
Property, plant & equipment	15.1B	—	—	—	—	—	—	—	17.1B	15B	14.7B	14.3B
Goodwill & intangibles	6.7B	—	—	—	—	—	—	—	7.1B	3B	2.9B	2.8B
Total assets	29.4B	—	—	—	—	—	—	—	32B	32.2B	30.6B	28.3B
Accounts payable	1.5B	—	—	—	—	—	—	—	1.9B	1.7B	1.7B	1.8B
Short-term debt	3.1B	—	—	—	—	—	—	—	3.1B	2.8B	3.3B	2.8B
Total current liabilities	9.3B	—	—	—	—	—	—	—	10.2B	11.5B	11.4B	9.9B
Long-term debt	21.5B	—	—	—	—	—	—	—	23.5B	22.6B	21.1B	19.7B
Total liabilities	37.4B	—	—	—	—	—	—	—	40.1B	40.6B	39B	36B
Shareholders' equity	-8B	—	—	—	—	—	—	—	-8.1B	-8.4B	-8.5B	-7.7B
Total debt	24.6B	—	—	—	—	—	—	—	26.6B	25.5B	24.4B	22.4B
Net debt	21B	—	—	—	—	—	—	—	23.4B	22.1B	22.9B	19B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	2.8B	2.9B	4.5B	3.6B	924.7M	4.2B	3.3B	4.1B	3.8B	1.9B
Depreciation & amortization	1B	1.1B	1.3B	1.4B	1.5B	1.5B	1.5B	1.5B	1.6B	1.8B
Stock-based compensation	218.1M	176M	250.3M	308M	248.6M	319.1M	271.5M	302.7M	308.3M	318.3M
Change in working capital	104.2M	201.6M	7.6B	-510.4M	-1.5B	-787.3M	-2B	-1.2B	-986.9M	-1.6B
Operating cash flow	4.5B	4.5B	13B	2.8B	2.4B	6.4B	4.5B	6B	6B	4.7B
Capital expenditure	-1.4B	-1.5B	-2B	-1.8B	-1.5B	-1.5B	-1.8B	-2.3B	-2.8B	—
Investing cash flow	-2.2B	-850M	-2.4B	-1B	-1.7B	-319.5M	-2.1B	-2.3B	-2.7B	-179.9M
Dividends paid	-1.2B	-1.5B	-1.7B	-1.8B	-1.9B	-2.1B	-2.3B	-2.4B	-2.6B	-2.8B
Share repurchases	-2B	-2B	-7.1B	-10.2B	-1.7B	0	-4B	-984.4M	-1.3B	0
Financing cash flow	-1.9B	-3.1B	-3.2B	-10.1B	745.6M	-4.3B	-5.7B	-3.2B	-3.9B	-2.3B
Net change in cash	386.4M	564.5M	7.4B	-8.3B	1.4B	1.7B	-3.3B	509.9M	-565.8M	2.3B
Free cash flow	3.3B	2.7B	10B	3.2B	114.2M	4.5B	2.6B	3.7B	3.3B	2.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	1.2B	1B	772.5M	1.1B	909.6M	780.9M	384.2M	558.4M	133.2M	293.2M	510.8M	1B
Depreciation & amortization	376.5M	384.4M	399.2M	407.4M	401.4M	432.2M	435.3M	448M	456M	431.9M	389.2M	389.7M
Stock-based compensation	74.2M	94.8M	78.2M	63.6M	71.7M	100.6M	77.7M	66M	74M	126.1M	93.2M	71.1M
Change in working capital	-99.2M	294.3M	-847.5M	-317.7M	-116M	111.9M	-868.2M	-521.5M	-320.4M	-113.8M	-918.5M	-170M
Operating cash flow	1.9B	2.1B	790.3M	1.6B	1.5B	1.9B	359.8M	1B	1.4B	1.6B	364.5M	1.6B
Capital expenditure	-699.5M	-595.9M	-659.1M	-724.3M	-798.2M	-692.9M	-589.2M	—	—	—	—	—
Investing cash flow	-864.6M	-568.8M	-695.2M	-585.5M	-849.7M	-855.2M	-644M	-28.3M	65.5M	800K	-57.7M	2.5B
Dividends paid	-607M	-648.1M	-645.4M	-645.5M	-646M	-691.9M	-693M	-693.2M	-693.3M	-705.1M	-706.3M	-706.6M
Share repurchases	-285.1M	-1.3B	0	0	0	0	0	0	0	—	—	—
Financing cash flow	-909.8M	-2.4B	-2.1B	-696.6M	-675M	-760.2M	-666.5M	1.1B	-1.9B	-743M	-1.7B	-2.5B
Net change in cash	138.7M	-892.1M	-2B	336.6M	-44.4M	282M	-950.7M	2B	-485.5M	855.5M	-1.4B	1.6B
Free cash flow	1.2B	1.8B	-153.1M	945.8M	737.4M	1.4B	-297.2M	434.3M	925.8M	1.3B	91.8M	1.4B

Date	Ratio
Apr 9, 2015	2:1
Oct 24, 2005	2:1
Apr 30, 2001	2:1
Mar 22, 1999	2:1
Dec 4, 1995	2:1
Sep 30, 1993	2:1

Starbucks Corp. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history