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Starbucks (SBUX) Financials

Starbucks logo
$107.69 -0.86 (-0.79%)
Closing price 08/14/2026 04:00 PM Eastern
Extended Trading
$107.72 +0.03 (+0.03%)
As of 08/14/2026 07:56 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Starbucks

Annual Income Statements for Starbucks

This table shows Starbucks' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/27/2015 10/2/2016 10/1/2017 9/30/2018 9/29/2019 9/27/2020 10/3/2021 10/2/2022 10/1/2023 9/29/2024 9/28/2025
Net Income / (Loss) Attributable to Common Shareholders		 2,757 2,818 2,885 4,518 3,599 928 4,199 3,282 4,125 3,761 1,856
Consolidated Net Income / (Loss)		 2,759 2,819 2,885 4,518 3,595 925 4,200 3,283 4,125 3,762 1,857
Net Income / (Loss) Continuing Operations		 2,759 2,819 2,885 4,518 3,595 925 2,471 3,283 4,125 3,762 1,857
Total Pre-Tax Income 		3,903 4,199 4,318 5,780 4,466 1,164 5,357 4,232 5,402 4,970 2,507
Total Operating Income		 3,601 4,172 3,743 3,883 4,078 1,562 4,872 4,618 5,871 5,409 2,937
Total Gross Profit		 5,964 6,743 6,835 7,317 7,488 5,059 8,391 8,371 9,846 9,709 8,467
Total Revenue		 19,163 21,316 22,387 24,720 26,509 23,518 29,061 32,250 35,976 36,176 37,184
Operating Revenue		 19,163 21,316 22,387 24,720 26,509 23,518 29,061 32,250 35,976 36,176 37,184
Total Cost of Revenue		 13,199 14,573 15,552 17,403 19,021 18,459 20,670 23,879 26,129 26,467 28,717
Operating Cost of Revenue		 13,199 14,573 15,552 17,403 19,021 18,459 20,670 23,879 26,129 26,467 28,717
Total Operating Expenses		 2,363 2,889 3,091 3,433 3,410 3,497 3,519 3,753 3,975 4,300 5,531
Selling, General & Admin Expense		 1,719 1,908 1,926 2,263 2,195 2,110 2,292 2,494 2,981 3,089 3,202
Depreciation Expense		 894 981 1,011 1,247 1,377 1,431 1,442 1,448 1,363 1,513 1,685
Other Operating Expenses / (Income)		 -250 - - -301 -298 -323 -385 -234 -298 -301 -248
Restructuring Charge		 0.00 0.00 154 224 136 279 170 46 22 0.00 892
Other Special Charges / (Income)		 - 0.00 0.00 - - - - 0.00 -91 0.00 0.00
Total Other Income / (Expense), net		 302 345 574 1,897 388 -397 -1,244 -386 -469 -439 -429
Interest Expense		 132 81 93 170 331 437 470 483 550 562 543
Interest & Investment Income		 43 421 573 191 97 40 90 97 81 123 113
Other Income / (Expense), net		 391 5.40 94 1,876 623 0.00 -865 0.00 0.00 0.00 0.00
Income Tax Expense		 1,144 1,380 1,433 1,262 872 240 1,157 949 1,277 1,207 651
Net Income / (Loss) Attributable to Noncontrolling Interest		 1.90 1.20 0.20 -0.30 -4.60 -3.60 1.00 1.80 0.20 1.40 0.30
Basic Earnings per Share		 $1.84 $1.91 $1.99 $3.27 $2.95 $0.79 $3.57 $2.85 $3.60 $3.32 $1.63
Weighted Average Basic Shares Outstanding		 1.50B 1.47B 1.45B 1.38B 1.22B 1.17B 1.18B 1.15B 1.15B 1.13B 1.14B
Diluted Earnings per Share		 $1.82 $1.90 $1.97 $3.24 $2.92 $0.79 $3.54 $2.83 $3.58 $3.31 $1.63
Weighted Average Diluted Shares Outstanding		 1.51B 1.49B 1.46B 1.39B 1.23B 1.18B 1.19B 1.16B 1.15B 1.14B 1.14B
Weighted Average Basic & Diluted Shares Outstanding		 1.48B 1.46B 1.45B 14.77M 1.18B 1.17B 1.17B 1.15B 1.14B 1.13B 1.14B
Cash Dividends to Common per Share		 $0.68 $0.85 $1.05 $1.32 $1.49 $1.23 $2.29 $2.00 $2.16 $2.32 $2.45

Quarterly Income Statements for Starbucks

This table shows Starbucks' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/29/2024 12/29/2024 3/30/2025 6/29/2025 9/28/2025 12/28/2025 3/29/2026 6/28/2026
Net Income / (Loss) Attributable to Common Shareholders		 1,024 772 1,055 909 781 384 558 133 293 511 1,045
Consolidated Net Income / (Loss)		 1,024 773 1,056 910 781 384 559 133 293 511 1,045
Net Income / (Loss) Continuing Operations		 1,024 773 1,056 910 781 384 559 133 293 511 1,045
Total Pre-Tax Income 		1,379 992 1,404 1,194 1,022 502 819 164 765 728 1,419
Total Operating Income		 1,485 1,099 1,518 1,307 1,122 542 936 278 891 777 980
Total Gross Profit		 2,593 2,190 2,544 2,382 2,301 1,848 2,156 2,163 2,089 1,914 2,297
Total Revenue		 9,425 8,563 9,114 9,074 9,398 8,762 9,456 9,569 9,915 9,532 9,323
Operating Revenue		 9,425 8,563 9,114 9,074 9,398 - 9,456 9,569 9,915 - 9,323
Total Cost of Revenue		 6,832 6,373 6,570 6,692 7,097 6,914 7,300 7,407 7,826 7,617 7,026
Operating Cost of Revenue		 6,832 6,373 6,570 6,692 7,097 6,914 7,300 7,407 7,826 7,617 7,026
Total Operating Expenses		 1,108 1,091 1,026 1,075 1,226 1,306 1,220 1,884 1,259 1,137 1,316
Selling, General & Admin Expense		 798 787 720 783 818 771 829 784 770 749 731
Depreciation Expense		 365 372 380 395 408 419 428 431 401 363 362
Other Operating Expenses / (Income)		 -56 -68 -74 -103 - - -57 -85 - - -79
Restructuring Charge		 0.00 0.00 0.00 - 0.00 116 21 755 88 25 303
Total Other Income / (Expense), net		 -106 -107 -113 -113 -53 -40 -117 -114 -65 -49 439
Interest Expense		 140 141 141 140 127 127 142 146 139 137 135
Interest & Investment Income		 34 34 28 27 74 88 26 32 74 88 37
Other Income / (Expense), net		 - - - - - - 0.00 - - - 536
Income Tax Expense		 355 220 349 284 241 118 260 31 472 217 374
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 0.10 0.90 0.40 0.10 -0.10 0.20 0.10 -0.10 -0.10 -0.40
Basic Earnings per Share		 $0.90 $0.68 $0.93 $0.81 $0.69 $0.34 $0.49 $0.11 $0.26 $0.45 $0.92
Weighted Average Basic Shares Outstanding		 1.14B 1.13B 1.13B 1.13B 1.13B 1.14B 1.14B 1.14B 1.14B 1.14B 1.14B
Diluted Earnings per Share		 $0.90 $0.68 $0.93 $0.80 $0.69 $0.34 $0.49 $0.11 $0.26 $0.45 $0.91
Weighted Average Diluted Shares Outstanding		 1.14B 1.14B 1.14B 1.14B 1.14B 1.14B 1.14B 1.14B 1.14B 1.14B 1.14B
Weighted Average Basic & Diluted Shares Outstanding		 1.13B 1.13B 1.13B 1.13B 1.14B 1.14B 1.14B 1.14B 1.14B 1.14B 1.14B

Annual Cash Flow Statements for Starbucks

This table details how cash moves in and out of Starbucks' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/27/2015 10/2/2016 10/1/2017 9/30/2018 9/29/2019 9/27/2020 10/3/2021 10/2/2022 10/1/2023 9/29/2024 9/28/2025
Net Change in Cash & Equivalents		 -178 599 334 6,294 -6,070 1,664 3,748 -3,637 733 -265 -66
Net Cash From Operating Activities		 3,749 4,698 4,252 11,938 5,047 1,598 5,989 4,397 6,009 6,096 4,748
Net Cash From Continuing Operating Activities		 3,749 4,608 4,154 13,590 3,112 1,598 7,718 4,397 6,009 6,096 4,748
Net Income / (Loss) Continuing Operations		 2,759 2,819 2,885 4,518 3,595 925 4,200 3,283 4,125 3,762 1,857
Consolidated Net Income / (Loss)		 2,759 2,819 2,885 4,518 3,595 925 4,200 3,283 4,125 3,762 1,857
Depreciation Expense		 934 1,030 1,067 1,306 1,449 1,503 1,524 1,529 1,450 1,592 1,772
Non-Cash Adjustments To Reconcile Net Income		 -244 406 246 -2,722 -1,736 1,846 1,153 1,718 1,567 1,790 2,614
Changes in Operating Assets and Liabilities, net		 300 353 54 8,836 -195 -2,676 841 -2,133 -1,133 -1,049 -1,494
Net Cash From Investing Activities		 -1,520 -2,223 -850 -2,362 -1,011 -1,712 -320 -2,146 -2,271 -2,699 -2,485
Net Cash From Continuing Investing Activities		 -1,520 -2,223 -850 -2,362 -1,011 -1,712 -320 -2,146 -2,271 -2,699 -2,485
Purchase of Property, Plant & Equipment		 -1,304 -1,440 -1,519 -1,976 -1,807 -1,484 -1,470 -1,841 -2,334 -2,778 -2,306
Acquisitions		 -284 0.00 0.00 -1,311 0.00 - - - 0.00 0.00 -177
Purchase of Investments		 -567 -1,586 -674 -192 -190 -444 -432 -378 -611 -628 -334
Sale of Property, Plant & Equipment		 - - - - - - 143 73 113 10 1.10
Sale and/or Maturity of Investments		 619 709 1,204 504 358 260 346 67 617 768 392
Other Investing Activities, net		 6.80 25 54 5.60 -56 -44 -81 -126 -56 -73 -62
Net Cash From Financing Activities		 -2,257 -1,873 -3,079 -3,243 -10,057 1,713 -3,651 -5,638 -2,991 -3,718 -2,298
Net Cash From Continuing Financing Activities		 -2,257 -1,873 -3,079 -3,243 -10,057 1,713 -3,651 -5,638 -2,991 -3,718 -2,298
Repayment of Debt		 -628 -8.40 -404 -41 -368 -1,005 -1,896 -1,046 -1,090 -1,993 -1,267
Repurchase of Common Equity		 -1,436 -1,996 -2,043 -7,134 -10,222 -1,699 0.00 -4,013 -984 -1,267 0.00
Payment of Dividends		 -1,289 -1,178 -1,450 -1,743 -1,761 -1,924 -2,119 -2,263 -2,432 -2,585 -2,771
Issuance of Debt		 849 1,255 750 5,584 1,996 6,134 215 1,710 1,437 2,119 1,751
Issuance of Common Equity		 192 161 151 154 410 299 246 102 167 108 77
Other Financing Activities, net		 57 -106 -83 -63 -112 -92 -97 -127 -89 -100 -87
Effect of Exchange Rate Changes		 -151 -3.50 11 -40 -49 65 - -250 -14 57 -31
Cash Interest Paid		 70 75 97 137 300 397 501 475 524 571 588
Cash Income Taxes Paid		 1,072 879 1,389 1,177 470 1,699 756 1,158 1,294 1,373 716

Quarterly Cash Flow Statements for Starbucks

This table details how cash moves in and out of Starbucks' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/29/2024 12/29/2024 3/30/2025 6/29/2025 9/28/2025 12/28/2025 3/29/2026 6/28/2026
Net Change in Cash & Equivalents		 -551 -325 415 107 385 -1,000 1,501 -953 194 -1,881 1,918
Net Cash From Operating Activities		 2,384 506 1,670 1,536 2,072 292 1,002 1,382 1,598 365 1,642
Net Cash From Continuing Operating Activities		 2,384 417 1,670 1,536 2,072 292 1,002 1,382 1,598 365 1,642
Net Income / (Loss) Continuing Operations		 1,024 773 1,056 910 781 384 558 133 293 511 1,045
Consolidated Net Income / (Loss)		 1,024 773 1,056 910 781 384 558 133 293 511 1,045
Depreciation Expense		 384 399 407 401 432 435 448 456 432 389 390
Non-Cash Adjustments To Reconcile Net Income		 491 773 490 352 657 424 424 1,108 628 747 8.60
Changes in Operating Assets and Liabilities, net		 484 -1,528 -284 -127 202 -952 -429 -315 244 -1,282 199
Net Cash From Investing Activities		 -569 -695 -586 -850 -855 -644 -596 -391 -323 -330 2,224
Net Cash From Continuing Investing Activities		 -569 -695 -586 -850 -855 -644 -596 -391 -323 -330 2,224
Purchase of Property, Plant & Equipment		 -596 -659 -724 -798 -693 -589 -567 -456 -324 -273 -291
Purchase of Investments		 -217 -255 -74 -82 -66 -103 -129 -35 -51 -55 -28
Sale and/or Maturity of Investments		 254 246 233 36 88 53 137 114 78 45 42
Other Investing Activities, net		 -9.30 -27 -21 -16 -6.50 -5.10 -37 -14 -26 -48 -43
Net Cash From Financing Activities		 -2,409 -14 -650 -645 -755 -667 1,056 -1,933 -743 -1,690 -2,512
Net Cash From Continuing Financing Activities		 -2,409 -14 -650 -645 -755 -667 1,056 -1,933 -743 -1,690 -2,512
Repayment of Debt		 -784 -1,132 -47 -31 -5.40 - -12 -1,250 0.00 -1,000 -1,816
Payment of Dividends		 -648 -645 -646 -646 -692 -693 -693 -693 -705 -706 -707
Issuance of Common Equity		 32 26 21 29 17 27 15 17 18 19 15
Other Financing Activities, net		 -92 -2.00 -4.00 -2.30 -75 -1.90 -4.10 -6.80 -58 -2.10 -4.50
Effect of Exchange Rate Changes		 43 - -20 66 -77 19 39 -11 9.00 -3.10 -6.20
Cash Interest Paid		 120 156 98 197 98 196 98 196 142 172 143
Cash Income Taxes Paid		 143 708 229 293 121 338 109 148 95 226 93

Annual Balance Sheets for Starbucks

This table presents Starbucks' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/27/2015 10/2/2016 10/1/2017 9/30/2018 9/29/2019 9/27/2020 10/3/2021 10/2/2022 10/1/2023 9/29/2024 9/28/2025
Total Assets		 12,416 14,313 14,366 24,156 19,220 29,375 31,393 27,978 29,446 31,339 32,020
Total Current Assets		 3,971 4,758 5,283 12,494 5,654 7,806 9,756 7,019 7,303 6,847 7,382
Restricted Cash		 - - - - - - 6,456 2,818 3,552 3,286 3,220
Short-Term Investments		 81 134 229 182 71 281 162 365 402 257 247
Accounts Receivable		 719 769 870 693 879 883 940 1,176 1,184 1,214 1,278
Inventories, net		 1,306 1,379 1,364 1,401 1,529 1,551 1,604 2,177 1,806 1,777 2,186
Prepaid Expenses		 334 347 358 1,463 488 740 595 484 360 313 452
Plant, Property, & Equipment, net		 4,088 4,534 4,920 5,929 6,432 6,241 6,370 6,561 7,387 8,666 8,494
Total Noncurrent Assets		 4,357 5,021 4,163 5,733 7,134 15,327 15,267 14,399 14,755 15,826 16,144
Long-Term Investments		 665 1,496 1,024 602 616 685 550 590 687 740 713
Goodwill		 1,575 1,720 1,539 3,542 3,491 3,597 3,677 3,284 3,218 3,316 3,369
Intangible Assets		 520 516 441 1,042 782 552 350 156 121 101 167
Noncurrent Deferred & Refundable Income Taxes		 1,181 885 795 135 1,766 1,790 1,875 1,800 1,770 1,767 1,827
Other Noncurrent Operating Assets		 416 403 363 412 480 8,703 8,815 8,570 8,959 9,903 10,068
Total Liabilities & Shareholders' Equity		 12,416 14,313 14,366 24,156 19,220 29,375 31,393 27,978 29,446 31,339 32,020
Total Liabilities		 6,597 8,422 8,909 22,981 25,451 37,174 36,707 36,677 37,433 38,781 40,109
Total Current Liabilities		 3,648 4,547 4,221 5,684 6,169 7,347 8,151 9,152 9,345 9,070 10,210
Short-Term Debt		 0.00 400 0.00 350 0.00 1,689 999 1,924 1,852 1,249 1,499
Accounts Payable		 684 731 783 1,179 1,190 998 1,212 1,441 1,544 1,596 1,853
Accrued Expenses		 1,755 1,999 1,935 1,753 1,754 1,161 2,321 2,137 2,145 2,195 2,360
Current Deferred Revenue		 984 1,171 1,289 1,643 1,269 1,457 1,596 1,642 1,700 1,781 1,841
Current Employee Benefit Liabilities		 - - - 657 665 696 772 762 828 787 1,094
Other Current Liabilities		 225 246 215 - 0.00 1,249 1,251 1,246 1,275 1,463 1,565
Total Noncurrent Liabilities		 2,948 3,875 4,688 17,296 19,282 29,827 28,556 27,525 28,088 29,711 29,899
Long-Term Debt		 2,348 3,185 3,933 9,090 11,167 14,660 13,617 13,120 13,548 14,320 14,576
Noncurrent Deferred Revenue		 - - 4.40 6,776 6,744 6,599 6,463 6,280 6,102 5,964 5,773
Noncurrent Deferred & Payable Income Tax Liabilities		 - - 751 1,431 1,371 907 738 611 514 656 578
Other Noncurrent Operating Liabilities		 601 690 - - 0.00 7,662 7,738 7,515 7,925 8,772 8,972
Total Equity & Noncontrolling Interests		 5,820 5,891 5,457 1,176 -6,231 -7,799 -5,315 -8,699 -7,988 -7,442 -8,089
Total Preferred & Common Equity		 5,818 5,884 5,450 1,170 -6,232 -7,805 -5,321 -8,707 -7,995 -7,449 -8,097
Total Common Equity		 5,818 5,884 5,450 1,170 -6,232 -7,805 -5,321 -8,707 -7,995 -7,449 -8,097
Common Stock		 43 43 43 42 42 375 847 206 39 324 635
Retained Earnings		 5,975 5,950 5,563 1,457 -5,771 -7,816 -6,316 -8,450 -7,256 -7,344 -8,273
Accumulated Other Comprehensive Income / (Loss)		 -199 -108 -156 -330 -503 -365 147 -463 -778 -429 -459
Noncontrolling Interest		 1.80 6.70 6.90 6.30 1.20 5.70 6.70 7.90 7.00 7.30 7.40

Quarterly Balance Sheets for Starbucks

This table presents Starbucks' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 10/1/2023 12/31/2023 3/31/2024 6/30/2024 9/29/2024 12/29/2024 3/30/2025 6/29/2025 12/28/2025 3/29/2026 6/28/2026
Total Assets		 29,446 29,180 29,363 30,112 31,339 31,893 31,633 33,649 32,228 30,558 28,295
Total Current Assets		 7,303 6,570 6,465 6,808 6,847 7,285 6,714 8,422 12,023 10,559 7,534
Restricted Cash		 3,552 3,000 2,764 - 3,286 3,671 2,671 4,173 - 1,532 3,450
Short-Term Investments		 402 383 363 212 257 286 340 333 185 168 161
Accounts Receivable		 1,184 1,165 1,110 1,146 1,214 1,242 1,155 1,243 1,219 1,289 1,304
Inventories, net		 1,806 1,646 1,744 1,855 1,777 1,732 2,047 2,259 2,114 2,158 2,209
Prepaid Expenses		 360 375 484 416 313 354 500 414 374 369 411
Plant, Property, & Equipment, net		 7,387 7,612 7,817 8,080 8,666 8,684 8,820 8,894 7,400 7,189 6,992
Total Noncurrent Assets		 14,755 14,999 15,081 15,224 15,826 15,925 16,099 16,334 12,806 12,810 13,769
Long-Term Investments		 687 641 721 731 740 677 689 718 720 789 2,013
Goodwill		 3,218 3,303 3,229 3,184 3,316 3,288 3,325 3,385 1,311 1,295 1,239
Intangible Assets		 121 116 111 106 101 171 169 170 167 176 172
Noncurrent Deferred & Refundable Income Taxes		 1,770 1,769 1,747 1,702 1,767 1,723 1,736 1,806 1,601 1,542 1,506
Other Noncurrent Operating Assets		 8,959 9,170 9,274 9,502 9,903 10,067 10,180 10,256 9,007 9,007 8,838
Total Liabilities & Shareholders' Equity		 29,446 29,180 29,363 30,112 31,339 31,893 31,633 33,649 32,228 30,558 28,295
Total Liabilities		 37,433 37,789 37,805 38,049 38,781 39,358 39,249 41,328 40,610 39,015 35,962
Total Current Liabilities		 9,345 9,396 7,529 7,650 9,070 9,725 10,429 11,142 11,487 11,449 9,917
Short-Term Debt		 1,852 1,450 42 23 1,249 1,249 2,248 2,748 1,500 1,998 1,498
Accounts Payable		 1,544 1,461 1,487 1,586 1,596 1,778 1,914 1,888 1,682 1,674 1,777
Accrued Expenses		 2,145 2,327 2,016 2,082 2,195 2,212 2,037 2,246 2,334 2,168 2,689
Current Deferred Revenue		 1,700 2,200 1,872 1,831 1,781 2,253 1,920 1,911 2,122 1,829 1,818
Current Employee Benefit Liabilities		 828 649 705 708 787 780 833 853 751 794 863
Other Current Liabilities		 1,275 1,309 1,407 1,419 1,463 1,453 1,478 1,496 1,343 1,301 1,271
Total Noncurrent Liabilities		 28,088 28,393 30,277 30,400 29,711 29,632 28,819 30,186 29,123 27,566 26,045
Long-Term Debt		 13,548 13,565 15,548 15,551 14,320 14,312 13,324 14,571 14,581 13,084 11,780
Noncurrent Deferred Revenue		 6,102 6,129 6,058 6,011 5,964 5,941 5,871 5,826 5,748 5,679 5,633
Noncurrent Deferred & Payable Income Tax Liabilities		 514 560 490 539 656 522 664 718 - 795 748
Other Noncurrent Operating Liabilities		 7,925 8,139 8,180 8,298 8,772 8,857 8,960 9,071 8,794 8,008 7,884
Total Equity & Noncontrolling Interests		 -7,988 -8,609 -8,442 -7,937 -7,442 -7,465 -7,615 -7,679 -8,381 -8,458 -7,667
Total Preferred & Common Equity		 -7,995 -8,616 -8,449 -7,945 -7,449 -7,472 -7,623 -7,686 -8,389 -8,465 -7,674
Total Common Equity		 -7,995 -8,616 -8,449 -7,945 -7,449 -7,472 -7,623 -7,686 -8,389 -8,465 -7,674
Common Stock		 39 39 143 224 324 368 472 550 723 833 916
Retained Earnings		 -7,256 -8,098 -7,971 -7,562 -7,344 -7,256 -7,566 -7,701 -8,685 -8,881 -8,543
Accumulated Other Comprehensive Income / (Loss)		 -778 -558 -622 -608 -429 -584 -529 -535 -426 -417 -48
Noncontrolling Interest		 7.00 7.10 7.20 8.00 7.30 7.10 7.10 7.40 7.40 7.40 7.20

Annual Metrics And Ratios for Starbucks

This table displays calculated financial ratios and metrics derived from Starbucks' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/27/2015 10/2/2016 10/1/2017 9/30/2018 9/29/2019 9/27/2020 10/3/2021 10/2/2022 10/1/2023 9/29/2024 9/28/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 16.51% 11.24% 5.02% 10.42% 7.24% -11.28% 23.57% 10.98% 11.55% 0.56% 2.79%
EBITDA Growth		 28.62% 5.73% -5.83% 44.06% -12.95% -50.16% 80.49% 22.25% 19.10% -4.37% -32.75%
EBIT Growth		 29.55% 4.65% -8.15% 50.10% -18.38% -66.78% 156.62% 15.23% 27.13% -7.87% -45.71%
NOPAT Growth		 26.26% 10.02% -10.70% 21.36% 8.13% -62.21% 208.03% -12.43% 25.12% -8.65% -46.89%
Net Income Growth		 33.45% 2.16% 2.34% 56.61% -20.44% -74.28% 354.23% -43.66% 25.62% -8.79% -50.65%
EPS Growth		 34.81% 4.40% 3.68% 64.47% -9.88% -72.95% 348.10% -40.11% 26.50% -7.54% -50.76%
Operating Cash Flow Growth		 516.83% 25.31% -9.50% 180.77% -57.72% -68.34% 274.83% -26.58% 36.65% 1.45% -22.12%
Free Cash Flow Firm Growth		 304.44% 129.04% -14.55% 200.23% -63.39% -115.35% 1,246.92% -72.17% 36.23% -29.43% -26.79%
Invested Capital Growth		 26.84% -2.97% -0.73% -81.04% 45.29% 106.80% -34.00% 20.57% 7.76% 38.68% -0.99%
Revenue Q/Q Growth		 3.98% 3.88% -0.06% 2.51% 1.70% -2.26% 7.17% 1.67% 2.74% -0.82% 1.35%
EBITDA Q/Q Growth		 3.37% 5.79% -9.15% 8.14% 48.98% -15.75% 2.47% -9.43% 7.75% -5.08% -17.14%
EBIT Q/Q Growth		 2.95% 6.73% -11.59% 8.64% 74.09% -29.80% 1.50% -5.85% 9.53% -6.87% -25.94%
NOPAT Q/Q Growth		 6.52% 4.00% -12.85% -14.32% 50.52% -27.89% 21.50% -11.54% 8.52% -7.04% -26.33%
Net Income Q/Q Growth		 2.42% 5.58% -0.43% -0.73% 1.30% -30.69% 48.50% -21.25% 9.00% -7.60% -29.49%
EPS Q/Q Growth		 1.11% 4.40% -1.50% 1.57% 2.46% -28.18% 46.89% -40.11% 8.81% -7.28% -29.74%
Operating Cash Flow Q/Q Growth		 6.50% 10.88% -7.37% 159.68% -59.21% -2.59% 8.22% -8.74% 16.37% -6.29% -3.14%
Free Cash Flow Firm Q/Q Growth		 17.32% 10.78% -17.10% 704.46% -68.85% -114.09% 11.53% -8.10% 9.21% -18.76% 7.94%
Invested Capital Q/Q Growth		 1.04% -2.08% 0.61% -86.94% 8.40% -3.87% 1.78% -1.88% -2.07% 9.36% -13.84%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 31.12% 31.63% 30.53% 29.60% 28.25% 21.51% 28.87% 51.91% 27.37% 26.84% 22.77%
EBITDA Margin		 25.70% 24.43% 21.91% 28.58% 23.20% 13.03% 19.04% 38.12% 20.35% 19.35% 12.66%
Operating Margin		 18.79% 19.57% 16.72% 15.71% 15.38% 6.64% 16.77% 14.32% 16.32% 14.95% 7.90%
EBIT Margin		 20.83% 19.60% 17.14% 23.30% 17.73% 6.64% 13.79% 14.32% 16.32% 14.95% 7.90%
Profit (Net Income) Margin		 14.40% 13.22% 12.89% 18.28% 13.56% 3.93% 14.45% 10.18% 11.47% 10.40% 4.99%
Tax Burden Percent		 70.70% 67.14% 66.82% 78.17% 80.48% 79.41% 78.41% 77.59% 76.36% 75.71% 74.05%
Interest Burden Percent		 97.78% 100.51% 112.53% 100.37% 95.01% 74.56% 133.67% 183.29% 92.01% 91.88% 85.38%
Effective Tax Rate		 29.30% 32.86% 33.18% 21.83% 19.52% 20.59% 21.59% 22.41% 23.64% 24.29% 25.95%
Return on Invested Capital (ROIC)		 48.32% 48.26% 43.91% 89.93% 248.77% 51.73% 142.41% 152.29% 167.78% 123.80% 56.86%
ROIC Less NNEP Spread (ROIC-NNEP)		 -28.31% 13.32% 1,803.88% 2,609.18% 256.90% 48.38% 146.52% 149.09% 164.53% 120.78% 54.12%
Return on Net Nonoperating Assets (RNNOA)		 1.42% -0.12% 6.93% 46.30% -390.99% -64.91% -206.46% -398.31% -217.22% -172.57% -80.77%
Return on Equity (ROE)		 49.75% 48.14% 50.85% 136.23% -142.21% -13.18% -64.06% -46.86% -49.44% -48.77% -23.91%
Cash Return on Invested Capital (CROIC)		 24.66% 51.27% 44.65% 226.19% 211.85% -17.89% 183.37% 267.28% 160.31% 91.39% 57.86%
Operating Return on Assets (OROA)		 34.46% 31.26% 26.76% 29.90% 21.67% 6.43% 13.19% 15.56% 20.45% 17.80% 9.27%
Return on Assets (ROA)		 23.82% 21.09% 20.12% 23.46% 16.57% 3.81% 13.82% 22.12% 14.37% 12.38% 5.86%
Return on Common Equity (ROCE)		 49.73% 48.11% 50.78% 135.96% -142.42% -13.19% -64.12% -46.91% -49.48% -48.81% -23.93%
Return on Equity Simple (ROE_SIMPLE)		 47.43% 47.91% 52.93% 386.32% -57.68% -11.85% -78.94% -37.71% -51.59% -50.51% 0.00%
Net Operating Profit after Tax (NOPAT)		 2,546 2,801 2,501 3,035 3,282 1,240 3,820 3,583 4,483 4,095 2,175
NOPAT Margin		 13.29% 13.14% 11.17% 12.28% 12.38% 5.27% 13.15% 11.11% 12.46% 11.32% 5.85%
Net Nonoperating Expense Percent (NNEP)		 76.63% 34.94% -1,759.97% -2,519.25% -8.12% 3.35% -4.11% 6.40% 3.25% 3.02% 2.74%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - - 27.23%
Cost of Revenue to Revenue		 68.88% 68.37% 69.47% 70.40% 71.75% 78.49% 71.13% 74.04% 72.63% 73.16% 77.23%
SG&A Expenses to Revenue		 8.97% 8.95% 8.61% 9.16% 8.28% 8.97% 7.89% 7.73% 8.29% 8.54% 8.61%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 12.33% 13.55% 13.81% 13.89% 12.86% 14.87% 12.11% 11.64% 11.05% 11.89% 14.87%
Earnings before Interest and Taxes (EBIT)		 3,992 4,177 3,837 5,759 4,701 1,562 4,008 4,618 5,871 5,409 2,937
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 4,925 5,207 4,904 7,065 6,150 3,065 5,532 6,147 7,321 7,001 4,708
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 12.30 11.37 12.21 57.55 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 19.23 18.34 19.18 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 3.73 3.14 2.97 2.72 3.57 3.83 4.26 2.83 2.82 3.03 2.53
Price to Earnings (P/E)		 25.96 23.75 23.06 14.90 26.29 96.95 29.45 56.91 24.57 29.16 50.69
Dividend Yield		 1.33% 1.75% 2.17% 2.53% 1.82% 2.13% 1.72% 4.92% 3.00% 2.36% 2.95%
Earnings Yield		 3.85% 4.21% 4.34% 6.71% 3.80% 1.03% 3.40% 7.17% 4.07% 3.43% 1.97%
Enterprise Value to Invested Capital (EV/IC)		 12.16 11.68 11.76 62.48 65.53 31.26 61.46 81.39 40.44 31.47 27.86
Enterprise Value to Revenue (EV/Rev)		 3.74 3.13 2.98 2.72 3.86 4.30 4.51 6.49 3.12 3.34 2.85
Enterprise Value to EBITDA (EV/EBITDA)		 14.55 12.82 13.61 9.51 16.65 32.97 23.70 34.05 15.31 17.27 22.52
Enterprise Value to EBIT (EV/EBIT)		 17.95 15.98 17.40 11.67 21.79 64.70 32.72 45.33 19.09 22.36 36.10
Enterprise Value to NOPAT (EV/NOPAT)		 28.14 23.83 26.69 22.14 31.21 81.47 34.32 28.61 25.01 29.54 48.75
Enterprise Value to Operating Cash Flow (EV/OCF)		 19.11 14.21 15.70 5.63 20.29 63.23 21.89 23.31 18.66 19.84 22.33
Enterprise Value to Free Cash Flow (EV/FCFF)		 55.14 22.43 26.25 8.80 36.65 0.00 26.65 32.60 26.17 40.01 47.91
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.40 0.61 0.72 8.03 -1.79 -2.10 -2.75 -1.73 -1.93 -2.09 -1.99
Long-Term Debt to Equity		 0.40 0.54 0.72 7.73 -1.79 -1.88 -2.56 -3.02 -1.70 -1.92 -1.80
Financial Leverage		 -0.05 -0.01 0.00 0.02 -1.52 -1.34 -1.41 -1.34 -1.32 -1.43 -1.49
Leverage Ratio		 2.09 2.28 2.53 5.81 -8.58 -3.46 -4.63 -8.47 -3.44 -3.94 -4.08
Compound Leverage Factor		 2.04 2.29 2.84 5.83 -8.15 -2.58 -6.19 -3.88 -3.17 -3.62 -3.48
Debt to Total Capital		 28.74% 37.83% 41.88% 88.92% 226.24% 191.23% 157.14% 237.09% 207.77% 191.57% 201.30%
Short-Term Debt to Total Capital		 0.00% 4.22% 0.00% 3.30% 0.00% 19.75% 10.74% 30.32% 24.99% 15.37% 18.77%
Long-Term Debt to Total Capital		 28.74% 33.61% 41.88% 85.63% 226.24% 171.48% 146.40% 206.77% 182.78% 176.20% 182.53%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.02% 0.07% 0.07% 0.06% 0.02% 0.07% 0.07% 0.25% 0.09% 0.09% 0.09%
Common Equity to Total Capital		 71.24% 62.09% 58.04% 11.02% -126.26% -91.30% -57.21% -274.43% -107.86% -91.66% -101.39%
Debt to EBITDA		 0.48 0.69 0.80 1.34 1.82 5.33 2.64 4.89 2.10 2.22 3.41
Net Debt to EBITDA		 0.01 -0.03 0.04 -0.01 1.27 3.60 1.35 3.67 1.47 1.61 2.53
Long-Term Debt to EBITDA		 0.48 0.61 0.80 1.29 1.82 4.78 2.46 4.27 1.85 2.05 3.10
Debt to NOPAT		 0.92 1.28 1.57 3.11 3.40 13.18 3.83 4.20 3.44 3.80 7.39
Net Debt to NOPAT		 0.03 -0.06 0.09 -0.03 2.37 8.89 1.95 6.29 2.40 2.76 5.47
Long-Term Debt to NOPAT		 0.92 1.14 1.57 2.99 3.40 11.82 3.56 3.66 3.02 3.50 6.70
Altman Z-Score		 9.82 7.82 7.55 3.99 3.96 2.08 3.15 5.42 3.08 3.01 2.40
Noncontrolling Interest Sharing Ratio		 0.03% 0.07% 0.12% 0.20% -0.15% -0.05% -0.09% -0.10% -0.09% -0.09% -0.09%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.09 1.05 1.25 2.20 0.92 1.06 1.20 1.53 0.78 0.76 0.72
Quick Ratio		 0.64 0.67 0.84 1.69 0.59 0.75 0.14 0.34 0.17 0.16 0.15
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1,299 2,976 2,543 7,635 2,795 -429 4,919 3,144 4,283 3,023 2,213
Operating Cash Flow to CapEx		 287.57% 326.18% 279.83% 604.02% 279.36% 107.70% 451.39% 497.24% 270.53% 220.28% 206.02%
Free Cash Flow to Firm to Interest Expense		 9.87 36.60 27.49 44.83 8.44 -0.98 10.47 13.02 7.79 5.38 4.08
Operating Cash Flow to Interest Expense		 28.49 57.78 45.97 70.10 15.25 3.66 12.75 9.11 10.92 10.85 8.75
Operating Cash Flow Less CapEx to Interest Expense		 18.58 40.07 29.54 58.49 9.79 0.26 9.92 10.89 6.89 5.92 4.50
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.65 1.60 1.56 1.28 1.22 0.97 0.96 2.17 1.25 1.19 1.17
Accounts Receivable Turnover		 28.39 28.65 27.31 31.62 33.72 26.69 31.88 30.49 30.49 30.17 29.85
Inventory Turnover		 11.01 10.86 11.34 12.59 12.98 11.98 13.10 12.63 13.12 14.77 14.49
Fixed Asset Turnover		 5.04 4.94 4.74 4.56 4.29 3.71 4.61 9.98 5.16 4.51 4.33
Accounts Payable Turnover		 21.67 20.60 20.56 17.74 16.06 16.88 18.71 36.00 17.50 16.86 16.66
Days Sales Outstanding (DSO)		 12.86 12.74 13.36 11.54 10.82 13.68 11.45 11.97 11.97 12.10 12.23
Days Inventory Outstanding (DIO)		 33.15 33.62 32.18 28.99 28.11 30.46 27.86 28.89 27.82 24.71 25.18
Days Payable Outstanding (DPO)		 16.84 17.72 17.76 20.57 22.73 21.63 19.51 40.55 20.85 21.65 21.91
Cash Conversion Cycle (CCC)		 29.16 28.64 27.79 19.96 16.21 22.51 19.80 20.59 18.94 15.16 15.50
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 5,891 5,717 5,675 1,076 1,563 3,232 2,133 2,572 2,772 3,844 3,806
Invested Capital Turnover		 3.64 3.67 3.93 7.32 20.09 9.81 10.83 13.71 13.46 10.94 9.72
Increase / (Decrease) in Invested Capital		 1,247 -175 -42 -4,599 487 1,669 -1,099 439 200 1,072 -38
Enterprise Value (EV)		 71,645 66,755 66,758 67,214 102,420 101,036 131,109 209,324 112,093 120,943 106,012
Market Capitalization		 71,572 66,923 66,533 67,308 94,625 89,999 123,655 186,767 101,326 109,650 94,110
Book Value per Share		 $3.92 $4.01 $3.77 $0.87 ($5.21) ($6.68) ($4.51) ($7.59) ($6.98) ($6.57) ($7.12)
Tangible Book Value per Share		 $2.51 $2.49 $2.40 ($2.53) ($8.78) ($10.23) ($7.93) ($10.59) ($9.89) ($9.59) ($10.23)
Total Capital		 8,167 9,476 9,390 10,616 4,936 8,549 9,301 6,345 7,412 8,127 7,986
Total Debt		 2,348 3,585 3,933 9,440 11,167 16,348 14,616 15,044 15,400 15,568 16,075
Total Long-Term Debt		 2,348 3,185 3,933 9,090 11,167 14,660 13,617 13,120 13,548 14,320 14,576
Net Debt		 72 -174 218 -100 7,794 11,031 7,448 11,271 10,759 11,285 11,895
Capital Expenditures (CapEx)		 1,304 1,440 1,519 1,976 1,807 1,484 1,327 1,769 2,221 2,767 2,304
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1,289 -1,652 -1,628 -1,778 -3,272 -2,484 -4,014 -3,392 -4,143 -4,517 -4,796
Debt-free Net Working Capital (DFNWC)		 323 611 1,063 7,160 -515 2,148 2,604 -209 -190 -974 -1,329
Net Working Capital (NWC)		 323 211 1,063 6,810 -515 460 1,605 -2,133 -2,042 -2,223 -2,828
Net Nonoperating Expense (NNE)		 -214 -18 -384 -1,483 -313 316 -380 299 358 333 318
Net Nonoperating Obligations (NNO)		 72 -174 218 -100 7,794 11,031 7,448 11,271 10,759 11,285 11,895
Total Depreciation and Amortization (D&A)		 934 1,030 1,067 1,306 1,449 1,503 1,524 1,529 1,450 1,592 1,772
Debt-free, Cash-free Net Working Capital to Revenue		 -6.72% -7.75% -7.27% -7.19% -12.34% -10.56% -13.81% -21.04% -11.52% -12.49% -12.90%
Debt-free Net Working Capital to Revenue		 1.69% 2.87% 4.75% 28.96% -1.94% 9.13% 8.96% -1.30% -0.53% -2.69% -3.57%
Net Working Capital to Revenue		 1.69% 0.99% 4.75% 27.55% -1.94% 1.95% 5.52% -13.23% -5.68% -6.14% -7.61%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.84 $1.91 $1.99 $3.27 $2.95 $0.79 $3.57 $2.85 $3.60 $3.32 $1.63
Adjusted Weighted Average Basic Shares Outstanding		 1.50B 1.47B 1.45B 1.38B 1.22B 1.17B 1.18B 1.15B 1.15B 1.13B 1.14B
Adjusted Diluted Earnings per Share		 $1.82 $1.90 $1.97 $3.24 $2.92 $0.79 $3.54 $2.83 $3.58 $3.31 $1.63
Adjusted Weighted Average Diluted Shares Outstanding		 1.51B 1.49B 1.46B 1.39B 1.23B 1.18B 1.19B 1.16B 1.15B 1.14B 1.14B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 1.48B 1.46B 1.42B 1.24B 1.18B 1.17B 1.17B 1.15B 1.14B 1.13B 1.14B
Normalized Net Operating Profit after Tax (NOPAT)		 2,546 2,801 2,604 3,211 3,391 1,462 3,954 3,618 4,430 4,095 2,835
Normalized NOPAT Margin		 13.29% 13.14% 11.63% 12.99% 12.79% 6.21% 13.61% 11.22% 12.31% 11.32% 7.62%
Pre Tax Income Margin		 20.37% 19.70% 19.29% 23.38% 16.85% 4.95% 18.43% 26.24% 15.02% 13.74% 6.74%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 30.33 51.38 41.48 33.82 14.20 3.57 8.53 9.56 10.67 9.62 5.41
NOPAT to Interest Expense		 19.34 34.45 27.04 17.82 9.92 2.84 8.13 7.42 8.15 7.29 4.01
EBIT Less CapEx to Interest Expense		 20.42 33.67 25.05 22.21 8.74 0.18 5.71 5.90 6.63 4.70 1.17
NOPAT Less CapEx to Interest Expense		 9.44 16.74 10.61 6.22 4.46 -0.56 5.31 3.76 4.11 2.36 -0.24
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 46.73% 41.79% 50.28% 38.59% 49.00% 208.01% 50.45% 68.93% 58.96% 68.71% 149.26%
Augmented Payout Ratio		 98.78% 112.58% 121.08% 196.48% 333.38% 391.74% 50.45% 191.15% 82.82% 102.38% 149.26%

Quarterly Metrics And Ratios for Starbucks

This table displays calculated financial ratios and metrics derived from Starbucks' official financial filings.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/29/2024 12/29/2024 3/30/2025 6/29/2025 9/28/2025 12/28/2025 3/29/2026 6/28/2026
DEI Shares Outstanding		 - - - - - - - - - 1,139,300,000.00 1,139,700,000.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 1,139,300,000.00 1,139,700,000.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.45 0.92
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 8.16% -1.80% -0.59% -3.20% -0.29% 2.32% 3.75% 5.46% 5.50% 8.79% -1.41%
EBITDA Growth		 17.18% -11.58% -1.21% -17.98% -16.89% -30.83% -28.12% -57.02% -14.88% 19.37% 37.79%
EBIT Growth		 18.54% -17.22% -4.19% -23.40% -24.49% -45.31% -38.35% -78.71% -20.58% 43.44% 62.11%
NOPAT Growth		 16.86% -14.19% -7.64% -23.74% -22.34% -46.25% -44.07% -77.30% -60.14% 31.55% 13.12%
Net Income Growth		 19.78% -14.95% -7.55% -25.39% -23.77% -50.28% -47.10% -85.36% -62.45% 32.99% 87.09%
EPS Growth		 21.62% -13.92% -6.06% -24.53% -23.33% -50.00% -47.31% -86.25% -62.32% 32.35% 85.71%
Operating Cash Flow Growth		 49.63% 112.80% -74.00% -21.05% -13.08% -42.29% -40.02% -10.02% -22.89% 24.83% 63.91%
Free Cash Flow Firm Growth		 214.96% -37.99% -55.55% -106.88% -121.21% -203.47% -157.83% 447.04% 1,610.45% 843.81% 2,052.35%
Invested Capital Growth		 1.99% 12.87% 24.19% 38.68% 45.38% 28.96% 25.66% -0.99% -87.92% -81.75% -100.27%
Revenue Q/Q Growth		 0.55% -9.15% 6.43% -0.44% 3.57% -6.77% 7.93% 1.20% 3.62% -3.87% -2.19%
EBITDA Q/Q Growth		 -10.23% -19.88% 28.49% -11.25% -9.04% -33.31% 33.51% -46.93% 80.13% -11.81% 63.43%
EBIT Q/Q Growth		 -12.95% -26.02% 38.09% -13.87% -14.18% -46.42% 55.67% -70.25% 220.09% -12.74% 95.12%
NOPAT Q/Q Growth		 -15.52% -22.47% 33.36% -12.70% -13.97% -46.34% 38.79% -64.58% 51.09% 59.68% 32.36%
Net Income Q/Q Growth		 -15.98% -24.59% 36.66% -13.83% -14.16% -50.81% 45.40% -76.15% 120.12% 74.22% 104.56%
EPS Q/Q Growth		 -15.09% -24.44% 36.76% -13.98% -13.75% -50.72% 44.12% -77.55% 136.36% 73.08% 102.22%
Operating Cash Flow Q/Q Growth		 22.57% -78.77% 230.06% -8.05% 34.93% -85.91% 243.05% 37.95% 15.62% -77.19% 350.45%
Free Cash Flow Firm Q/Q Growth		 -4.47% -54.66% -4.80% -116.69% -194.42% -121.19% 46.80% 200.16% 1,181.44% 18.85% 27.98%
Invested Capital Q/Q Growth		 -14.06% 38.55% 6.50% 9.36% -9.90% 22.89% 3.78% -13.84% -89.00% 85.59% -101.55%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 27.51% 25.58% 27.91% 26.25% 24.49% 21.09% 22.80% 22.60% 21.07% 20.09% 24.64%
EBITDA Margin		 19.84% 17.50% 21.12% 18.83% 16.53% 11.83% 14.63% 7.67% 13.34% 12.24% 20.45%
Operating Margin		 15.76% 12.83% 16.65% 14.40% 11.94% 6.86% 9.89% 2.91% 8.98% 8.16% 10.52%
EBIT Margin		 15.76% 12.83% 16.65% 14.40% 11.94% 6.86% 9.89% 2.91% 8.98% 8.16% 16.27%
Profit (Net Income) Margin		 10.87% 9.02% 11.58% 10.03% 8.31% 4.38% 5.91% 1.39% 2.96% 5.36% 11.21%
Tax Burden Percent		 74.28% 77.84% 75.18% 76.20% 76.39% 76.50% 68.20% 81.22% 38.34% 70.16% 73.62%
Interest Burden Percent		 92.84% 90.31% 92.54% 91.34% 91.14% 83.54% 87.53% 58.93% 85.86% 93.67% 93.58%
Effective Tax Rate		 25.72% 22.16% 24.82% 23.80% 23.61% 23.50% 31.80% 18.78% 61.66% 29.84% 26.38%
Return on Invested Capital (ROIC)		 182.07% 117.26% 143.92% 120.05% 112.77% 50.48% 62.43% 22.97% 66.91% 87.47% 134.77%
ROIC Less NNEP Spread (ROIC-NNEP)		 181.59% 116.54% 143.16% 119.26% 112.08% 49.84% 61.75% 22.16% 66.42% 87.15% 138.05%
Return on Net Nonoperating Assets (RNNOA)		 -346.83% -159.36% -198.96% -170.40% -152.84% -73.30% -93.12% -33.08% -82.69% -114.43% -177.67%
Return on Equity (ROE)		 -164.76% -42.10% -55.05% -50.35% -40.06% -22.81% -30.69% -10.12% -15.78% -26.96% -42.90%
Cash Return on Invested Capital (CROIC)		 194.81% 226.45% 117.27% 91.39% 94.70% 66.10% 51.69% 57.86% 241.71% 208.88% 0.00%
Operating Return on Assets (OROA)		 20.13% 16.17% 20.64% 17.14% 14.13% 8.18% 11.39% 3.41% 10.57% 10.09% 20.14%
Return on Assets (ROA)		 13.88% 11.37% 14.36% 11.93% 9.84% 5.22% 6.80% 1.63% 3.48% 6.63% 13.87%
Return on Common Equity (ROCE)		 -164.90% -42.14% -55.10% -50.40% -40.10% -22.83% -30.72% -10.13% -15.79% -26.98% -42.94%
Return on Equity Simple (ROE_SIMPLE)		 -49.84% -49.21% -51.25% 0.00% -47.10% -41.07% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 1,103 855 1,141 996 857 460 638 226 342 545 722
NOPAT Margin		 11.71% 9.99% 12.52% 10.98% 9.12% 5.25% 6.75% 2.36% 3.44% 5.72% 7.74%
Net Nonoperating Expense Percent (NNEP)		 0.48% 0.72% 0.75% 0.78% 0.69% 0.64% 0.68% 0.80% 0.49% 0.33% -3.27%
Return On Investment Capital (ROIC_SIMPLE)		 17.22% - - - 10.58% 5.78% 6.62% 2.83% 4.44% 8.23% 12.86%
Cost of Revenue to Revenue		 72.49% 74.42% 72.09% 73.75% 75.51% 78.91% 77.20% 77.40% 78.93% 79.92% 75.36%
SG&A Expenses to Revenue		 8.47% 9.20% 7.90% 8.63% 8.71% 8.80% 8.76% 8.19% 7.77% 7.85% 7.84%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 11.75% 12.74% 11.26% 11.84% 12.55% 14.23% 12.90% 19.69% 12.70% 11.93% 14.12%
Earnings before Interest and Taxes (EBIT)		 1,485 1,099 1,518 1,307 1,122 601 936 278 891 777 1,517
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,870 1,498 1,925 1,708 1,554 1,036 1,384 734 1,323 1,167 1,906
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 2.92 2.79 2.40 3.03 2.89 3.05 2.85 2.53 2.57 2.57 3.11
Price to Earnings (P/E)		 24.96 24.55 21.53 29.16 29.74 35.48 39.76 50.69 70.67 66.13 60.13
Dividend Yield		 2.31% 2.44% 2.89% 2.36% 2.51% 2.41% 2.61% 2.95% 2.88% 2.83% 2.36%
Earnings Yield		 4.01% 4.07% 4.64% 3.43% 3.36% 2.82% 2.52% 1.97% 1.42% 1.51% 1.66%
Enterprise Value to Invested Capital (EV/IC)		 49.61 34.49 28.20 31.47 33.36 28.88 26.44 27.86 259.29 143.56 0.00
Enterprise Value to Revenue (EV/Rev)		 3.22 3.12 2.72 3.34 3.20 3.38 3.18 2.85 2.88 2.90 3.31
Enterprise Value to EBITDA (EV/EBITDA)		 15.56 15.38 13.44 17.27 17.28 19.75 20.55 22.52 24.24 23.90 27.27
Enterprise Value to EBIT (EV/EBIT)		 19.36 19.38 17.06 22.36 22.90 27.03 29.45 36.10 40.11 37.91 42.49
Enterprise Value to NOPAT (EV/NOPAT)		 25.46 25.30 22.50 29.54 30.02 35.59 39.56 48.75 65.91 62.75 65.95
Enterprise Value to Operating Cash Flow (EV/OCF)		 17.38 10.11 15.24 19.84 19.97 22.06 23.83 22.33 25.39 25.66 25.45
Enterprise Value to Free Cash Flow (EV/FCFF)		 25.72 16.15 26.64 40.01 41.74 49.21 56.96 47.91 23.13 21.21 19.97
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 -1.74 -1.85 -1.96 -2.09 -2.08 -2.04 -2.26 -1.99 -1.92 -1.78 -1.73
Long-Term Debt to Equity		 -1.58 -1.84 -1.96 -1.92 -1.92 -1.75 -1.90 -1.80 -1.74 -1.55 -1.54
Financial Leverage		 -1.91 -1.37 -1.39 -1.43 -1.36 -1.47 -1.51 -1.49 -1.25 -1.31 -1.29
Leverage Ratio		 -3.32 -3.42 -3.61 -3.94 -3.80 -3.80 -4.08 -4.08 -4.05 -3.87 -4.04
Compound Leverage Factor		 -3.09 -3.09 -3.35 -3.60 -3.46 -3.17 -3.57 -2.40 -3.47 -3.62 -3.78
Debt to Total Capital		 234.38% 218.12% 203.93% 191.57% 192.19% 195.71% 179.65% 201.30% 208.86% 227.68% 236.63%
Short-Term Debt to Total Capital		 22.64% 0.59% 0.30% 15.37% 15.43% 28.25% 28.51% 18.77% 19.48% 30.16% 26.70%
Long-Term Debt to Total Capital		 211.74% 217.53% 203.63% 176.20% 176.76% 167.46% 151.14% 182.53% 189.38% 197.52% 209.93%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.11% 0.10% 0.10% 0.09% 0.09% 0.09% 0.08% 0.09% 0.10% 0.11% 0.13%
Common Equity to Total Capital		 -134.49% -118.22% -104.04% -91.66% -92.28% -95.80% -79.73% -101.39% -108.96% -127.79% -136.76%
Debt to EBITDA		 1.98 2.11 2.11 2.22 2.33 2.50 3.05 3.41 3.59 3.23 2.85
Net Debt to EBITDA		 1.45 1.59 1.55 1.61 1.63 1.91 2.13 2.53 2.63 2.70 1.65
Long-Term Debt to EBITDA		 1.79 2.10 2.11 2.05 2.14 2.14 2.56 3.10 3.26 2.80 2.53
Debt to NOPAT		 3.23 3.46 3.54 3.80 4.04 4.51 5.87 7.39 9.77 8.49 6.90
Net Debt to NOPAT		 2.37 2.61 2.60 2.76 2.84 3.44 4.10 5.47 7.14 7.09 3.98
Long-Term Debt to NOPAT		 2.92 3.46 3.53 3.50 3.72 3.86 4.94 6.70 8.86 7.36 6.12
Altman Z-Score		 2.62 2.56 2.37 2.58 2.43 2.43 2.28 2.13 2.33 2.42 3.00
Noncontrolling Interest Sharing Ratio		 -0.09% -0.09% -0.09% -0.09% -0.09% -0.09% -0.10% -0.09% -0.09% -0.09% -0.10%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.70 0.86 0.89 0.76 0.75 0.64 0.76 0.72 1.05 0.92 0.76
Quick Ratio		 0.16 0.20 0.59 0.16 0.16 0.14 0.14 0.15 0.42 0.13 0.15
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1,057 479 456 -76 -224 -496 -264 264 3,386 4,024 5,150
Operating Cash Flow to CapEx		 400.05% 76.77% 230.58% 194.90% 299.03% 49.56% 176.54% 303.76% 493.57% 133.66% 563.45%
Free Cash Flow to Firm to Interest Expense		 7.54 3.41 3.23 -0.54 -1.76 -3.90 -1.85 1.81 24.36 29.38 38.27
Operating Cash Flow to Interest Expense		 17.02 3.60 11.82 10.97 16.29 2.29 7.04 9.48 11.49 2.66 12.20
Operating Cash Flow Less CapEx to Interest Expense		 12.76 -1.09 6.69 5.34 10.84 -2.33 3.05 6.36 9.17 0.67 10.03
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.28 1.26 1.24 1.19 1.18 1.19 1.15 1.17 1.18 1.24 1.24
Accounts Receivable Turnover		 31.52 31.82 31.91 30.17 30.04 32.09 30.72 29.85 30.64 31.49 30.11
Inventory Turnover		 14.18 14.11 13.76 14.77 15.83 14.39 13.61 14.49 15.31 14.34 13.37
Fixed Asset Turnover		 5.13 4.99 4.82 4.51 4.44 4.37 4.32 4.33 4.69 4.81 4.83
Accounts Payable Turnover		 18.86 18.09 17.11 16.86 16.51 16.04 16.12 16.66 17.02 16.81 16.30
Days Sales Outstanding (DSO)		 11.58 11.47 11.44 12.10 12.15 11.37 11.88 12.23 11.91 11.59 12.12
Days Inventory Outstanding (DIO)		 25.73 25.87 26.53 24.71 23.06 25.37 26.81 25.18 23.84 25.45 27.29
Days Payable Outstanding (DPO)		 19.35 20.18 21.34 21.65 22.11 22.76 22.64 21.91 21.44 21.72 22.39
Cash Conversion Cycle (CCC)		 17.96 17.16 16.63 15.16 13.10 13.98 16.05 15.50 14.30 15.33 17.03
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,382 3,300 3,515 3,844 3,463 4,256 4,417 3,806 419 777 -12
Invested Capital Turnover		 15.55 11.74 11.50 10.94 12.37 9.62 9.25 9.72 19.43 15.29 17.41
Increase / (Decrease) in Invested Capital		 46 376 685 1,072 1,081 956 902 -38 -3,045 -3,479 -4,429
Enterprise Value (EV)		 118,172 113,825 99,111 120,943 115,528 122,890 116,777 106,012 108,514 111,502 126,875
Market Capitalization		 107,174 102,076 87,651 109,650 104,593 111,012 104,674 94,110 96,744 98,903 119,213
Book Value per Share		 ($7.58) ($7.46) ($7.01) ($6.57) ($6.59) ($6.71) ($6.76) ($7.12) ($7.38) ($7.43) ($6.73)
Tangible Book Value per Share		 ($10.59) ($10.41) ($9.92) ($9.59) ($9.64) ($9.79) ($9.89) ($10.23) ($8.68) ($8.72) ($7.97)
Total Capital		 6,406 7,147 7,637 8,127 8,097 7,956 9,641 7,986 7,699 6,624 5,612
Total Debt		 15,015 15,590 15,575 15,568 15,561 15,572 17,319 16,075 16,080 15,082 13,279
Total Long-Term Debt		 13,565 15,548 15,551 14,320 14,312 13,324 14,571 14,576 14,581 13,084 11,780
Net Debt		 10,991 11,742 11,452 11,285 10,928 11,871 12,095 11,895 11,762 12,592 7,655
Capital Expenditures (CapEx)		 596 659 724 788 693 589 567 455 324 273 291
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -4,759 -4,148 -4,210 -4,517 -5,149 -4,479 -4,479 -4,796 -1,563 -593 -4,495
Debt-free Net Working Capital (DFNWC)		 -1,376 -1,022 -819 -974 -1,191 -1,468 27 -1,329 2,036 1,108 -884
Net Working Capital (NWC)		 -2,826 -1,064 -842 -2,223 -2,441 -3,716 -2,721 -2,828 536 -890 -2,383
Net Nonoperating Expense (NNE)		 79 83 85 86 76 76 80 93 48 35 -323
Net Nonoperating Obligations (NNO)		 10,991 11,742 11,452 11,285 10,928 11,871 12,095 11,895 8,800 9,234 7,655
Total Depreciation and Amortization (D&A)		 384 399 407 401 432 435 448 456 432 389 390
Debt-free, Cash-free Net Working Capital to Revenue		 -12.97% -11.36% -11.54% -12.49% -14.24% -12.32% -12.21% -12.90% -4.15% -1.54% -11.72%
Debt-free Net Working Capital to Revenue		 -3.75% -2.80% -2.24% -2.69% -3.30% -4.04% 0.07% -3.57% 5.40% 2.88% -2.31%
Net Working Capital to Revenue		 -7.70% -2.91% -2.31% -6.14% -6.75% -10.22% -7.42% -7.61% 1.42% -2.31% -6.21%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.90 $0.68 $0.93 $0.81 $0.69 $0.34 $0.49 $0.11 $0.26 $0.45 $0.92
Adjusted Weighted Average Basic Shares Outstanding		 1.14B 1.13B 1.13B 1.13B 1.13B 1.14B 1.14B 1.14B 1.14B 1.14B 1.14B
Adjusted Diluted Earnings per Share		 $0.90 $0.68 $0.93 $0.80 $0.69 $0.34 $0.49 $0.11 $0.26 $0.45 $0.91
Adjusted Weighted Average Diluted Shares Outstanding		 1.14B 1.14B 1.14B 1.14B 1.14B 1.14B 1.14B 1.14B 1.14B 1.14B 1.14B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 1.13B 1.13B 1.13B 1.13B 1.14B 1.14B 1.14B 1.14B 1.14B 1.14B 1.14B
Normalized Net Operating Profit after Tax (NOPAT)		 1,103 855 1,141 996 857 549 652 839 685 563 945
Normalized NOPAT Margin		 11.71% 9.99% 12.52% 10.98% 9.12% 6.26% 6.90% 8.77% 6.91% 5.91% 10.13%
Pre Tax Income Margin		 14.63% 11.59% 15.41% 13.16% 10.88% 5.73% 8.66% 1.71% 7.71% 7.64% 15.22%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 10.60 7.82 10.74 9.34 8.82 4.72 6.57 1.91 6.41 5.67 11.27
NOPAT to Interest Expense		 7.88 6.08 8.07 7.11 6.74 3.61 4.48 1.55 2.46 3.98 5.36
EBIT Less CapEx to Interest Expense		 6.35 3.13 5.61 3.71 3.37 0.09 2.59 -1.21 4.08 3.68 9.10
NOPAT Less CapEx to Interest Expense		 3.62 1.40 2.95 1.49 1.29 -1.02 0.50 -1.57 0.13 1.99 3.20
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 57.56% 60.31% 62.53% 68.71% 74.71% 85.50% 103.45% 149.26% 203.40% 187.06% 141.83%
Augmented Payout Ratio		 105.53% 102.92% 100.64% 102.38% 74.71% 85.50% 103.45% 149.26% 203.40% 187.06% 141.83%

Financials Breakdown Chart

Key Financial Trends

Starbucks’ latest results show a company still generating solid revenue and earnings, but with weaker cash conversion and a heavily leveraged balance sheet. For Q2 2026, revenue rose to $9.53 billion and net income was $510.8 million, but operating cash flow was only $364.5 million after a large drag from working capital. Compared with the prior year, profitability has improved in some periods, but liquidity and balance-sheet flexibility remain key watch items.

  • Revenue remains large and stable, with Q2 2026 sales of $9.53 billion and Q1 2026 sales of $9.92 billion, showing the business is still scaling at a very high base.
  • The company continued to post positive earnings in every quarter shown, including $510.8 million in Q2 2026 and $293.2 million in Q1 2026.
  • Gross profit stayed healthy in Q2 2026 at $1.91 billion, indicating Starbucks is still able to preserve meaningful margin after product and store costs.
  • Cash flow from operations was positive in both Q1 and Q2 2026, suggesting the core business still generates cash despite near-term pressure.
  • Short-term investments and cash balances provide some cushion, with Q2 2026 current assets of $10.56 billion and Q1 2026 current assets of $12.02 billion.
  • Earnings per share were modest but positive in the latest quarters, at $0.45 in Q2 2026 and $0.26 in Q1 2026, reflecting slower profit growth than revenue growth.
  • The company continues to invest in its store base, with capital spending of $272.7 million in Q2 2026 and $323.7 million in Q1 2026.
  • Debt repayments were meaningful in recent quarters, including $1.0 billion in Q2 2026, which may help manage leverage over time.
  • Operating cash flow weakened sharply in Q2 2026 to $364.5 million from $1.60 billion in Q1 2026, driven by a large negative working-capital swing of $1.28 billion.
  • Starbucks ended Q2 2026 with negative common equity of $8.47 billion, a sign that liabilities materially exceed book equity.
  • Total liabilities were very high at $39.02 billion in Q2 2026 versus $30.56 billion in assets, leaving the balance sheet highly leveraged.
  • Long-term debt remained elevated at $13.08 billion in Q2 2026, while total current liabilities of $11.45 billion also create near-term obligations.
  • Free cash flow appears pressured by dividends and capital spending; in Q2 2026, dividends paid were $706.3 million versus operating cash flow of only $364.5 million.
  • Recent quarterly trends show some volatility in profitability and cash generation, including Q4 2025 operating income of only $278.3 million before rebounding in Q1 2026.

Bottom line: Starbucks still looks like a profitable, cash-generating consumer brand, but investors should pay close attention to the company’s weak working-capital trends, high debt load, and negative equity position. The core business remains intact, yet the balance sheet leaves less room for error if operating momentum slows.

08/15/26 06:43 AM ETAI Generated. May Contain Errors.

Starbucks Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Starbucks' fiscal year ends in September. Their fiscal year 2025 ended on September 28, 2025.

In the past 10 years, Starbucks' net income has ranged from $924.70 million in 2020 to $4.52 billion in 2018, and is currently $1.86 billion as of their latest financial filing in 2025. See where experts think Starbucks is headed by visiting Starbucks' forecast page.

Starbucks' total operating income in 2025 was $2.94 billion, based on the following breakdown:
  • Total Gross Profit: $8.47 billion
  • Total Operating Expenses: $5.53 billion

Over the last 10 years, Starbucks' total revenue changed from $19.16 billion in 2015 to $37.18 billion in 2025, a change of 94.0%.

Starbucks' total liabilities were at $40.11 billion at the end of 2025, a 3.4% increase from 2024, and a 508.0% increase since 2015.

Over the last 10 years, Starbucks' book value per share changed from 3.92 in 2015 to -7.12 in 2025, a change of -281.7%.


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Financial statements for NASDAQ:SBUX last updated on 7/29/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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