SBUX

MKT CAP:$113B

Starbucks Corporation

Market Cap

$113B

Consumer Cyclical·Restaurants·🇺🇸 United States·NASDAQ

Consumer Cyc.·Restaurants·🇺🇸·NASDAQ

Stock Price

$98.98+$15.02 (+17.88%)

Apr 24, 2026

Company Details

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stor...

CEO

Brian R. Niccol

IPO Date

Jun 26, 1992

Website

www.starbucks.com

Key Metrics TTM

Revenue

$37.7B

+4.3% YoY

Net Income

$1.4B

EPS (Diluted)

$1.21

Free Cash Flow

$2.3B

Revenue / Share

$33.01

Gross Margin

20.6%

Operating Margin

9.0%

Net Margin

3.6%

FCF Margin

6.2%

P/S

3.0x

P/E

82.3x

Earnings Reports

Q2 2026

May 5, 2026

PENDING

Q1 2026

Jan 28, 2026

$9.9B+5.4%EPS $0.26

FY 2025

Nov 14, 2025

$37.2B+2.8%EPS $1.63

Q4 2025

Nov 14, 2025

$9.6B+5.5%EPS $0.12

Q3 2025

Jul 29, 2025

$9.5B+3.8%EPS $0.49

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$7.6B	$1.9B	$949M
Q3 22	$8.2B	$2.2B	$1.3B
Q4 22	$8.4B	$2.2B	$1.2B
Q1 23	$8.7B	$2.2B	$1.3B
Q2 23	$8.7B	$2.3B	$1.3B
Q3 23	$9.2B	$2.6B	$1.6B
Q4 23	$9.4B	$2.7B	$1.7B
Q1 24	$9.4B	$2.6B	$1.5B
Q2 24	$8.6B	$2.2B	$1.1B
Q3 24	$9.1B	$2.5B	$1.5B
Q4 24	$9.1B	$2.4B	$1.3B
Q1 25	$9.4B	$2.3B	$1.1B
Q2 25	$8.8B	$1.8B	$601M
Q3 25	$9.5B	$2.2B	$936M
Q4 25	$9.6B	$2.2B	$948M
Q1 26	$9.9B	$1.5B	$910M

Valuation

Quarter	P/S	P/E
Q2 22	3.2x	22.9x
Q3 22	2.8x	21.4x
Q4 22	3.0x	30.0x
Q1 23	3.7x	36.2x
Q2 23	3.5x	33.8x
Q3 23	3.2x	30.0x
Q4 23	2.9x	25.1x
Q1 24	2.9x	24.8x
Q2 24	2.8x	24.9x
Q3 24	2.4x	21.5x
Q4 24	3.1x	29.4x
Q1 25	2.8x	29.3x
Q2 25	3.1x	35.6x
Q3 25	2.8x	39.7x
Q4 25	2.6x	52.6x
Q1 26	2.6x	71.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	$162M	-$293M
Q3 22	$1.3B	$841M
Q4 22	$1.1B	$554M
Q1 23	$1.6B	$1.1B
Q2 23	$768M	$282M
Q3 23	$1.7B	$1.1B
Q4 23	$1.9B	$1.2B
Q1 24	$2.4B	$1.8B
Q2 24	$506M	-$153M
Q3 24	$1.7B	$946M
Q4 24	$1.5B	$737M
Q1 25	$2.1B	$1.4B
Q2 25	$292M	-$297M
Q3 25	$1.0B	$434M
Q4 25	$1.4B	$926M
Q1 26	$1.6B	$1.3B

Capital Expenditures

Quarter	CapEx
Q2 22	$455M
Q3 22	$424M
Q4 22	$546M
Q1 23	$517M
Q2 23	$485M
Q3 23	$632M
Q4 23	$700M
Q1 24	$596M
Q2 24	$659M
Q3 24	$724M
Q4 24	$798M
Q1 25	$693M
Q2 25	$589M
Q3 25	$567M
Q4 25	$456M
Q1 26	$324M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+14.5%	+17.7%
Q3 22	+8.7%	+14.1%
Q4 22	+3.3%	+8.3%
Q1 23	+8.2%	+8.6%
Q2 23	+14.2%	+10.6%
Q3 23	+12.5%	+10.6%
Q4 23	+11.4%	+6.2%
Q1 24	+8.2%	+6.4%
Q2 24	-1.8%	+1.0%
Q3 24	-0.6%	+0.2%
Q4 24	-3.2%	+1.3%
Q1 25	-0.3%	+4.2%
Q2 25	+2.3%	+9.3%
Q3 25	+3.8%	+12.2%
Q4 25	+5.5%	+11.0%
Q1 26	+5.4%	+8.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$53M	0.7%
Q3 22	$57M	0.7%
Q4 22	$65M	0.8%
Q1 23	$85M	1.0%
Q2 23	$74M	0.8%
Q3 23	$69M	0.8%
Q4 23	$74M	0.8%
Q1 24	$95M	1.0%
Q2 24	$78M	0.9%
Q3 24	$64M	0.7%
Q4 24	$72M	0.8%
Q1 25	$101M	1.1%
Q2 25	$78M	0.9%
Q3 25	$66M	0.7%
Q4 25	$0	0.0%
Q1 26	$126M	1.3%

OpEx Breakdown

Quarter	G&A
Q2 22	$482M
Q3 22	$487M
Q4 22	$538M
Q1 23	$581M
Q2 23	$620M
Q3 23	$604M
Q4 23	$636M
Q1 24	$648M
Q2 24	$655M
Q3 24	$576M
Q4 24	$645M
Q1 25	$666M
Q2 25	$632M
Q3 25	$677M
Q4 25	$642M
Q1 26	$639M

Revenue Segments

Quarter	Beverage Member	Food Member	Other Products Member
Q2 22	$4.6B	$1.4B	$1.7B
Q3 22	$4.9B	$1.5B	$1.7B
Q1 23	$5.2B	$1.6B	$2.0B
Q2 23	$5.2B	$1.6B	$1.9B
Q3 23	$5.6B	$1.7B	$1.9B
Q1 24	$5.7B	$1.8B	$2.0B
Q2 24	$5.2B	$1.6B	$1.8B
Q3 24	$5.5B	$1.7B	$1.8B
Q1 25	$5.7B	$1.8B	$1.9B
Q2 25	$5.3B	$1.7B	$1.8B
Q3 25	$5.8B	$1.8B	$1.9B
Q4 25	$5.8B	$1.8B	$2.0B
Q1 26	$5.9B	$1.9B	$2.1B

Revenue by Geography

Quarter	International Segment	United States	China
Q3 23	$2.0B	$6.7B	—
Q1 24	$1.8B	$7.1B	—
Q2 24	$1.8B	$6.4B	—
Q3 24	$1.8B	$6.8B	—
Q1 25	$1.9B	$7.1B	—
Q2 25	$1.9B	$6.5B	—
Q1 26	$1.8B	$7.2B	$836M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$3.9B	$82M	$4.0B
Q3 22	$3.2B	$77M	$3.3B
Q4 22	$2.8B	$365M	$3.2B
Q1 23	$3.2B	$124M	$3.3B
Q2 23	$3.1B	$379M	$3.5B
Q3 23	$3.4B	$263M	$3.6B
Q4 23	$3.6B	$402M	$4.0B
Q1 24	$3.0B	$383M	$3.4B
Q2 24	$2.8B	$363M	$3.1B
Q3 24	$3.2B	$212M	$3.4B
Q4 24	$3.3B	$257M	$3.5B
Q1 25	$3.7B	$286M	$4.0B
Q2 25	$2.7B	$340M	$3.0B
Q3 25	$4.2B	$333M	$4.5B
Q4 25	$3.2B	$247M	$3.5B
Q1 26	$3.4B	$185M	$3.6B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	1.15B	-1.9%	-2.6%
Q3 22	1.15B	-0.3%	-3.0%
Q4 22	1.15B	+0.1%	-3.0%
Q1 23	1.15B	+0.0%	-2.0%
Q2 23	1.15B	-0.0%	-0.1%
Q3 23	1.15B	-0.2%	-0.0%
Q4 23	1.15B	-0.1%	-0.3%
Q1 24	1.14B	-0.8%	-1.1%
Q2 24	1.14B	-0.5%	-1.5%
Q3 24	1.14B	+0.0%	-1.3%
Q4 24	1.14B	+0.1%	-1.1%
Q1 25	1.14B	+0.1%	-0.2%
Q2 25	1.14B	+0.1%	+0.4%
Q3 25	1.14B	-0.0%	+0.4%
Q4 25	1.14B	+0.1%	+0.3%
Q1 26	1.14B	+0.1%	+0.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$19.9K	383K
Q3 22	$21.3K	383K
Q4 22	$22.0K	383K
Q1 23	$21.7K	402K
Q2 23	$21.7K	402K
Q3 23	$22.8K	402K
Q4 23	$23.3K	402K
Q1 24	$24.7K	381K
Q2 24	$22.5K	381K
Q3 24	$23.9K	381K
Q4 24	$25.1K	361K
Q1 25	$26.0K	361K
Q2 25	$24.3K	361K
Q3 25	$26.2K	361K
Q4 25	$25.1K	381K
Q1 26	$26.0K	381K

Revenue / Employee