NASDAQ : SBUX
Starbucks Corporation — Financial statements
Consumer Discretionary · Restaurants · United States
Last price 103.67 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 118.19B
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Financial statements
Starbucks Corporation (SBUX) reported revenue of 37.91B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 35.56B | 35.56B | 35.10B | 34.27B | 33.98B | 30.23B |
| Other Revenue | 2.35B | 2.35B | 2.09B | 1.91B | 2.00B | 2.02B |
| Revenue | 37.91B | 37.91B | 37.18B | 36.18B | 35.98B | 32.25B |
| Cost of Revenue | 29.41B | 29.41B | 28.61B | 26.44B | 26.11B | 23.86B |
| Gross Profit | 8.50B | 8.50B | 8.57B | 9.73B | 9.87B | 8.39B |
| Selling, General & Admin | 2.34B | 2.34B | 2.62B | 2.52B | 2.44B | 2.03B |
| Other Operating Expenses | 539.40M | 539.40M | 584.60M | 565.60M | 539.40M | 461.50M |
| Operating Expenses | 4.37B | 4.37B | 4.89B | 4.60B | 4.34B | 3.94B |
| Operating Income | 4.14B | 4.14B | 3.68B | 5.13B | 5.53B | 4.44B |
| Interest Expense | -531.30M | -531.30M | -542.60M | -562.00M | -550.10M | -482.90M |
| Interest & Investment Income | 145.00M | 145.00M | 110.20M | 125.70M | 93.80M | |
| Earnings From Equity Investments | 294.80M | 294.80M | 247.80M | 301.20M | 298.40M | 234.10M |
| Currency Exchange Gain (Loss) | 3.80M | 200.00K | -3.10M | 99.90M | ||
| Other Non Operating Income (Expenses) | 200.00K | -2.00M | -7.50M | -2.50M | ||
| EBT Excluding Unusual Items | 4.05B | 4.05B | 3.50B | 4.99B | 5.36B | 4.29B |
| Merger & Restructuring Charges | -742.30M | -742.30M | -892.00M | -21.80M | -46.00M | |
| Gain (Loss) on Sale of Investments | -900.00K | -1.20M | -700.00K | -400.00K | ||
| Gain (Loss) on Sale of Assets | 536.30M | 536.30M | 91.30M | |||
| Asset Writedown | -102.20M | -23.30M | -23.20M | -14.30M | ||
| Other Unusual Items | 100.00K | -1.30M | ||||
| Pretax Income | 3.84B | 3.84B | 2.51B | 4.97B | 5.40B | 4.23B |
| Income Tax Expense | 1.31B | 1.31B | 650.60M | 1.21B | 1.28B | 948.50M |
| Earnings From Continuing Operations | 2.53B | 2.53B | 1.86B | 3.76B | 4.12B | 3.28B |
| Minority Interest in Earnings | 600.00K | 600.00K | -300.00K | -1.40M | -200.00K | -1.80M |
| Net Income | 2.53B | 2.53B | 1.86B | 3.76B | 4.12B | 3.28B |
| Net Income to Common | 2.53B | 2.53B | 1.86B | 3.76B | 4.12B | 3.28B |
| Shares Outstanding (Basic) | 1.14B | 1.14B | 1.14B | 1.13B | 1.15B | 1.15B |
| Shares Outstanding (Diluted) | 1.14B | 1.14B | 1.14B | 1.14B | 1.15B | 1.16B |
| EPS (Basic) | 2.21 | 2.21 | 1.63 | 3.32 | 3.60 | 2.85 |
| EPS (Diluted) | 2.21 | 2.21 | 1.63 | 3.31 | 3.58 | 2.83 |
| Free Cash Flow | 3.72B | 3.72B | 2.44B | 3.32B | 3.68B | 2.56B |
| Free Cash Flow Per Share | 3.26 | 3.26 | 2.14 | 2.92 | 3.19 | 2.21 |
| Dividend Per Share | 2.49 | 2.49 | 2.45 | 2.32 | 2.16 | 2.00 |
| Gross Margin | 22.43% | 22.43% | 23.05% | 26.90% | 27.43% | 26.00% |
| Operating Margin | 10.92% | 10.92% | 9.90% | 14.18% | 15.36% | 13.78% |
| Profit Margin | 6.67% | 6.67% | 4.99% | 10.40% | 11.46% | 10.17% |
| Free Cash Flow Margin | 9.83% | 9.83% | 6.57% | 9.17% | 10.22% | 7.93% |
| EBITDA | 5.73B | 5.73B | 5.45B | 6.72B | 6.98B | 5.97B |
| EBITDA Margin | 15.12% | 15.12% | 14.67% | 18.58% | 19.39% | 18.52% |
| D&A For EBITDA | 1.59B | 1.59B | 1.77B | 1.59B | 1.45B | 1.53B |
| EBIT | 4.14B | 4.14B | 3.68B | 5.13B | 5.53B | 4.44B |
| EBIT Margin | 10.92% | 10.92% | 9.90% | 14.18% | 15.36% | 13.78% |
| Effective Tax Rate | 34.23% | 34.23% | 25.95% | 24.29% | 23.64% | 22.41% |
| Revenue as Reported | 37.91B | 37.91B | 37.18B | 36.18B | 35.98B | 32.25B |
| Advertising Expenses | 869.50M | 597.30M | 507.80M | 416.70M |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.68B | 3.68B | 3.22B | 3.29B | 3.55B | 2.82B |
| Short-Term Investments | 184.30M | 184.30M | 247.20M | 257.00M | 401.50M | 364.50M |
| Trading Asset Securities | 400.00K | |||||
| Cash & Short-Term Investments | 3.86B | 3.86B | 3.47B | 3.54B | 3.95B | 3.18B |
| Accounts Receivable | 1.18B | 1.18B | 1.28B | 1.21B | 1.18B | 1.18B |
| Other Receivables | 69.40M | |||||
| Receivables | 1.18B | 1.18B | 1.28B | 1.21B | 1.18B | 1.24B |
| Inventory | 2.24B | 2.24B | 2.19B | 1.78B | 1.81B | 2.18B |
| Prepaid Expenses | 386.30M | 386.30M | 398.50M | 292.00M | 298.30M | 339.20M |
| Restricted Cash | 37.90M | 12.40M | 20.60M | |||
| Other Current Assets | 15.80M | 8.70M | 40.60M | 75.10M | ||
| Total Current Assets | 7.67B | 7.67B | 7.38B | 6.85B | 7.30B | 7.02B |
| Property, Plant & Equipment | 14.80B | 14.80B | 17.81B | 17.95B | 15.80B | 14.58B |
| Long-Term Investments | 2.09B | 2.09B | 713.10M | 739.90M | 687.30M | 590.30M |
| Goodwill | 1.25B | 1.25B | 3.37B | 3.32B | 3.22B | 3.28B |
| Other Intangible Assets | 169.60M | 169.60M | 166.80M | 100.90M | 120.50M | 155.90M |
| Long-Term Deferred Tax Assets | 1.61B | 1.61B | 1.83B | 1.77B | 1.77B | 1.80B |
| Other Long-Term Assets | 791.20M | 791.20M | 752.50M | 617.00M | 546.50M | 554.20M |
| Total Assets | 28.39B | 28.39B | 32.02B | 31.34B | 29.45B | 27.98B |
| Accounts Payable | 1.87B | 1.87B | 1.85B | 1.60B | 1.54B | 1.44B |
| Accrued Expenses | 3.64B | 3.64B | 1.70B | 1.32B | 1.36B | 1.27B |
| Short-Term Debt | 33.50M | 175.00M | ||||
| Current Portion of Long-Term Debt | 1.50B | 1.50B | 1.50B | 1.25B | 1.82B | 1.76B |
| Current Portion of Leases | 1.34B | 1.34B | 1.56B | 1.46B | 1.28B | 1.25B |
| Current Income Taxes Payable | 150.30M | 123.50M | 189.30M | 139.20M | ||
| Current Unearned Revenue | 1.76B | 1.76B | 1.84B | 1.78B | 1.70B | 1.64B |
| Other Current Liabilities | 1.60B | 1.53B | 1.42B | 1.47B | ||
| Total Current Liabilities | 10.11B | 10.11B | 10.21B | 9.07B | 9.35B | 9.15B |
| Long-Term Debt | 11.78B | 11.78B | 14.59B | 14.34B | 13.59B | 13.15B |
| Long-Term Leases | 7.79B | 7.79B | 8.97B | 8.77B | 7.92B | 7.52B |
| Long-Term Unearned Revenue | 5.58B | 5.58B | 5.77B | 5.96B | 6.10B | 6.28B |
| Long-Term Deferred Tax Liabilities | 50.40M | 21.10M | 14.60M | 118.60M | ||
| Other Long-Term Liabilities | 785.00M | 785.00M | 510.40M | 615.90M | 457.80M | 457.90M |
| Total Liabilities | 36.05B | 36.05B | 40.11B | 38.78B | 37.43B | 36.68B |
| Common Stock | 1.10M | 1.10M | 1.10M | 1.10M | 1.10M | 1.10M |
| Additional Paid-In Capital | 1.00B | 1.00B | 634.10M | 322.60M | 38.10M | 205.30M |
| Retained Earnings | -8.58B | -8.58B | -8.27B | -7.34B | -7.26B | -8.45B |
| Comprehensive Income & Other | -86.90M | -86.90M | -459.30M | -428.80M | -778.20M | -463.20M |
| Total Common Equity | -7.67B | -7.67B | -8.10B | -7.45B | -7.99B | -8.71B |
| Minority Interest | 7.30M | 7.30M | 7.40M | 7.30M | 7.00M | 7.90M |
| Shareholders' Equity | -7.66B | -7.66B | -8.09B | -7.44B | -7.99B | -8.70B |
| Total Liabilities & Equity | 28.39B | 28.39B | 32.02B | 31.34B | 29.45B | 27.98B |
| Total Debt | 22.41B | 22.41B | 26.63B | 25.82B | 24.64B | 23.85B |
| Net Cash (Debt) | -18.55B | -18.55B | -23.16B | -22.28B | -20.69B | -20.67B |
| Net Cash Per Share | -16.22 | -16.22 | -20.32 | -19.59 | -17.97 | -17.84 |
| Filing Date Shares Outstanding | 1.14B | 1.14B | 1.14B | 1.13B | 1.14B | 1.15B |
| Total Common Shares Outstanding | 1.14B | 1.14B | 1.14B | 1.13B | 1.14B | 1.15B |
| Working Capital | -2.44B | -2.44B | -2.83B | -2.22B | -2.04B | -2.13B |
| Book Value Per Share | -6.73 | -6.73 | -7.12 | -6.57 | -7.00 | -7.58 |
| Tangible Book Value | -9.09B | -9.09B | -11.63B | -10.87B | -11.33B | -12.15B |
| Tangible Book Value Per Share | -7.97 | -7.97 | -10.23 | -9.59 | -9.92 | -10.58 |
| Land | 54.90M | 56.90M | 46.10M | 46.10M | ||
| Buildings | 673.70M | 684.80M | 666.50M | 555.40M | ||
| Machinery | 5.84B | 5.44B | 4.96B | 5.38B | ||
| Construction In Progress | 334.30M | 750.90M | 607.50M | 558.70M | ||
| Leasehold Improvements | 11.76B | 11.45B | 10.13B | 9.07B |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 2.53B | 2.53B | 1.86B | 3.76B | 4.12B | 3.28B |
| Depreciation & Amortization | 1.59B | 1.59B | 1.77B | 1.59B | 1.45B | 1.53B |
| Loss (Gain) From Sale of Assets | 149.20M | 149.20M | 493.20M | 98.20M | -13.10M | 91.40M |
| Asset Writedown & Restructuring Costs | 341.50M | 23.30M | 23.20M | |||
| Loss (Gain) on Equity Investments | -109.80M | -109.80M | 20.20M | 26.90M | -79.00M | -37.50M |
| Stock-Based Compensation | 368.60M | 368.60M | 318.30M | 308.30M | 302.70M | 271.50M |
| Other Operating Activities | 1.45B | 1.45B | 1.44B | 1.33B | 1.33B | 1.39B |
| Change in Accounts Receivable | -2.60M | -2.60M | -89.70M | 18.40M | -4.10M | -326.10M |
| Change in Inventory | -176.40M | -176.40M | -408.40M | 42.80M | 366.40M | -641.00M |
| Change in Accounts Payable | 224.10M | 224.10M | 261.00M | 28.00M | 100.10M | 345.50M |
| Change in Unearned Revenue | -62.70M | -62.70M | -120.70M | -72.20M | -110.80M | -75.80M |
| Change in Income Taxes | 427.30M | 427.30M | 103.80M | -61.90M | 52.50M | -149.60M |
| Change in Other Net Operating Assets | -1.40B | -1.40B | -1.24B | -1.00B | -1.54B | -1.29B |
| Operating Cash Flow | 4.99B | 4.99B | 4.75B | 6.10B | 6.01B | 4.40B |
| Capital Expenditures | -1.26B | -1.26B | -2.31B | -2.78B | -2.33B | -1.84B |
| Sale of Property, Plant & Equipment | 110.00M | |||||
| Cash Acquisitions | -177.10M | |||||
| Divestitures | 2.54B | 2.54B | 59.30M | |||
| Investment in Securities | 8.20M | 8.20M | 59.30M | 151.00M | 8.90M | -238.00M |
| Other Investing Activities | -176.20M | -176.20M | -62.10M | -72.70M | -56.10M | -126.30M |
| Investing Cash Flow | 1.11B | 1.11B | -2.49B | -2.70B | -2.27B | -2.15B |
| Short-Term Debt Issued | 2.50M | 2.50M | 2.40M | 123.80M | 114.60M | 211.60M |
| Long-Term Debt Issued | 1.75B | 2.00B | 1.50B | 1.50B | ||
| Total Debt Issued | 2.50M | 2.50M | 1.75B | 2.12B | 1.61B | 1.71B |
| Short-Term Debt Repaid | -7.80M | -157.50M | -253.80M | -36.60M | ||
| Long-Term Debt Repaid | -2.82B | -2.82B | -1.25B | -1.83B | -1.00B | -1.00B |
| Total Debt Repaid | -2.82B | -2.82B | -1.26B | -1.98B | -1.25B | -1.04B |
| Net Debt Issued (Repaid) | -2.81B | -2.81B | 493.10M | 136.50M | 358.60M | 673.10M |
| Issuance of Common Stock | 66.40M | 66.40M | 77.00M | 108.00M | 167.40M | 101.60M |
| Repurchase of Common Stock | -73.00M | -73.00M | -87.40M | -1.37B | -1.07B | -4.14B |
| Common Dividends Paid | -2.82B | -2.82B | -2.77B | -2.58B | -2.43B | -2.26B |
| Other Financing Activities | -9.30M | -10.60M | -11.10M | -9.20M | ||
| Financing Cash Flow | -5.64B | -5.64B | -2.30B | -3.72B | -2.99B | -5.64B |
| Foreign Exchange Rate Adjustments | 3.80M | 3.80M | -30.50M | 56.50M | -14.20M | -250.30M |
| Net Cash Flow | 460.10M | 460.10M | -66.40M | -265.30M | 733.10M | -3.64B |
| Free Cash Flow | 3.72B | 3.72B | 2.44B | 3.32B | 3.68B | 2.56B |
| Free Cash Flow Margin | 9.83% | 9.83% | 6.57% | 9.17% | 10.22% | 7.93% |
| Free Cash Flow Per Share | 3.26 | 3.26 | 2.14 | 2.92 | 3.19 | 2.21 |
| Levered Free Cash Flow | 3.19B | 3.19B | 1.92B | 2.16B | 3.26B | 1.81B |
| Unlevered Free Cash Flow | 3.52B | 3.52B | 2.26B | 2.52B | 3.61B | 2.11B |
| Cash Interest Paid | 603.00M | 603.00M | 588.30M | 570.70M | 524.30M | 474.70M |
| Cash Income Tax Paid | 684.00M | 684.00M | 715.60M | 1.37B | 1.29B | 1.16B |
| Change in Working Capital | -992.90M | -992.90M | -1.49B | -1.05B | -1.13B | -2.13B |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 119.03B | 108.12B | 94.79B | 110.33B | 104.54B | 96.68B |
| Enterprise Value | 137.58B | 126.97B | 118.20B | 132.27B | 125.35B | 117.33B |
| Last Close Price | 103.67 | 94.86 | 81.31 | 92.58 | 84.64 | 76.51 |
| PE Ratio | 47.24 | 42.79 | 51.06 | 29.34 | 25.35 | 29.46 |
| Forward PE | 32.50 | 32.36 | 33.81 | 25.46 | 23.27 | 26.92 |
| PS Ratio | 3.12 | 2.85 | 2.55 | 3.05 | 2.91 | 3.00 |
| PB Ratio | -14.11 | -11.72 | -14.83 | -13.09 | -11.11 | |
| P/FCF Ratio | 31.78 | 29.03 | 38.82 | 33.25 | 28.45 | 37.83 |
| P/OCF Ratio | 23.73 | 21.68 | 19.97 | 18.10 | 17.40 | 21.99 |
| PEG Ratio | 2.10 | 1.65 | 7.79 | 2.43 | 1.25 | 2.37 |
| EV/Sales Ratio | 3.61 | 3.35 | 3.18 | 3.66 | 3.48 | 3.64 |
| EV/EBITDA Ratio | 23.88 | 22.14 | 21.67 | 19.67 | 17.97 | 19.64 |
| EV/EBIT Ratio | 33.09 | 30.68 | 32.09 | 25.78 | 22.68 | 26.40 |
| EV/FCF Ratio | 36.76 | 34.09 | 48.40 | 39.86 | 34.11 | 45.91 |
| Debt / Equity Ratio | -2.92 | -2.92 | -3.29 | -3.47 | -3.08 | -2.74 |
| Debt / EBITDA Ratio | 2.55 | 2.55 | 3.02 | 2.64 | 2.50 | 2.76 |
| Debt / FCF Ratio | 6.02 | 6.02 | 10.90 | 7.78 | 6.71 | 9.33 |
| Net Debt / Equity Ratio | -2.42 | -2.42 | -2.86 | -2.99 | -2.59 | -2.38 |
| Net Debt / EBITDA Ratio | 3.23 | 3.23 | 4.25 | 3.31 | 2.96 | 3.46 |
| Net Debt / FCF Ratio | 4.98 | 4.98 | 9.48 | 6.71 | 5.63 | 8.09 |
| Asset Turnover | 1.25 | 1.25 | 1.17 | 1.19 | 1.25 | 1.09 |
| Inventory Turnover | 13.28 | 13.28 | 14.44 | 14.76 | 13.11 | 12.62 |
| Quick Ratio | 0.50 | 0.50 | 0.47 | 0.52 | 0.55 | 0.48 |
| Current Ratio | 0.76 | 0.76 | 0.72 | 0.76 | 0.78 | 0.77 |
| Return on Assets (ROA) | 8.56% | 8.56% | 7.27% | 10.55% | 12.03% | 9.36% |
| Return on Invested Capital (ROIC) | 14.85% | 13.58% | 12.38% | 18.34% | 21.68% | 16.39% |
| Return on Capital Employed (ROCE) | 22.60% | 22.60% | 16.90% | 23.00% | 27.50% | 23.60% |
| Earnings Yield | 2.12% | 2.34% | 1.96% | 3.41% | 3.94% | 3.39% |
| FCF Yield | 3.15% | 3.45% | 2.58% | 3.01% | 3.52% | 2.64% |
| Dividend Yield | 2.41% | 2.63% | 2.94% | 2.38% | 2.36% | 2.38% |
| Payout Ratio | 114.04% | 111.79% | 149.29% | 68.73% | 58.96% | 68.97% |
| Buyback Yield / Dilution | -0.32% | -0.32% | -0.22% | 1.22% | 0.62% | 2.28% |
| Total Shareholder Return | 2.11% | 2.31% | 2.72% | 3.60% | 2.98% | 4.65% |