Starbucks Corporation (SBUX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 9.53B | 9.91B | 9.57B | 9.46B | 8.76B | 9.4B | 9.07B | 9.11B | 8.56B | 9.43B | 9.37B | 9.17B | 8.72B | 8.71B | 8.41B | 8.15B | 7.64B | 8.05B | 8.15B | 7.5B |
| Revenue Growth % | 8.79% | 5.43% | 5.46% | 3.75% | 2.32% | -0.29% | -3.2% | -0.59% | -1.8% | 8.16% | 11.4% | 12.49% | 14.2% | 8.24% | 3.28% | 8.72% | 14.51% | 19.28% | 31.33% | 77.55% |
| Cost of Goods Sold | 7.62B | 8.36B | 7.36B | 7.3B | 6.91B | 7.1B | 6.69B | 6.57B | 6.37B | 6.83B | 6.65B | 6.56B | 6.44B | 6.48B | 6.26B | 5.92B | 5.78B | 5.93B | 5.76B | 5.17B |
| COGS % of Revenue | 79.92% | 84.37% | 76.89% | 77.2% | 78.91% | 75.51% | 73.75% | 72.09% | 74.42% | 72.49% | 70.99% | 71.57% | 73.83% | 74.31% | 74.35% | 72.59% | 75.7% | 73.62% | 70.76% | 69% |
| Gross Profit | 1.91B | 1.55B | 2.21B | 2.16B | 1.85B | 2.3B | 2.38B | 2.54B | 2.19B | 2.59B | 2.72B | 2.61B | 2.28B | 2.24B | 2.16B | 2.23B | 1.86B | 2.12B | 2.38B | 2.32B |
| Gross Margin % | 20.09% | 15.63% | 23.11% | 22.8% | 21.09% | 24.49% | 26.25% | 27.91% | 25.58% | 27.51% | 29.01% | 28.43% | 26.17% | 25.69% | 25.65% | 27.41% | 24.3% | 26.38% | 29.24% | 31% |
| Gross Profit Growth % | 3.59% | -32.7% | -7.14% | -15.26% | -15.62% | -11.26% | -12.41% | -2.4% | -4.03% | 15.85% | 25.98% | 16.67% | 23.02% | 5.41% | -9.39% | -3.86% | 0.15% | 15.85% | 54.38% | 1060.06% |
| Operating Expenses | 1.14B | 638.8M | 1.26B | 1.22B | 1.25B | 1.18B | 1.07B | 1.03B | 1.09B | 1.11B | 1.01B | 1.02B | 954.6M | 985.3M | 963M | 938.5M | 906.2M | 945.7M | 900M | 834.9M |
| OpEx % of Revenue | 11.93% | 6.45% | 13.21% | 12.9% | 14.23% | 12.55% | 11.85% | 11.26% | 12.74% | 11.75% | 10.81% | 11.15% | 10.95% | 11.31% | 11.44% | 11.52% | 11.87% | 11.75% | 11.05% | 11.14% |
| Selling, General & Admin | 618.1M | 638.8M | 642M | 677.2M | 632.3M | 665.8M | 644.7M | 576M | 654.6M | 648M | 635.7M | 604.3M | 620.4M | 580.9M | 538M | 486.7M | 481.5M | 525.8M | 501.2M | 494.9M |
| SG&A % of Revenue | 6.48% | 6.45% | 6.71% | 7.16% | 7.22% | 7.08% | 7.11% | 6.32% | 7.64% | 6.88% | 6.78% | 6.59% | 7.11% | 6.67% | 6.39% | 5.97% | 6.31% | 6.53% | 6.15% | 6.6% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 777.3M | 909.8M | 948M | 935.6M | 601M | 1.12B | 1.31B | 1.52B | 1.1B | 1.49B | 1.71B | 1.58B | 1.33B | 1.25B | 1.2B | 1.3B | 948.9M | 1.18B | 1.48B | 1.49B |
| Operating Margin % | 8.16% | 9.18% | 9.91% | 9.89% | 6.86% | 11.94% | 14.4% | 16.65% | 12.83% | 15.76% | 18.2% | 17.28% | 15.22% | 14.38% | 14.21% | 15.9% | 12.43% | 14.63% | 18.19% | 19.86% |
| Operating Income Growth % | 29.33% | -18.89% | -27.46% | -38.35% | -45.31% | -24.48% | -23.4% | -4.19% | -17.22% | 18.54% | 42.72% | 22.26% | 39.9% | 6.39% | -19.34% | -12.98% | -3.92% | 28.93% | 165.48% | 311.49% |
| EBITDA | 1.14B | 1.34B | 1.38B | 1.38B | 1.04B | 1.55B | 1.71B | 1.92B | 1.5B | 1.87B | 2.08B | 1.95B | 1.69B | 1.6B | 1.56B | 1.69B | 1.34B | 1.56B | 1.86B | 1.86B |
| EBITDA Margin % | 11.97% | 13.54% | 14.41% | 14.63% | 11.83% | 16.53% | 18.83% | 21.12% | 17.5% | 19.84% | 22.22% | 21.25% | 19.43% | 18.31% | 18.49% | 20.7% | 17.55% | 19.43% | 22.83% | 24.84% |
| EBITDA Growth % | 10.07% | -13.66% | -19.29% | -28.12% | -30.83% | -16.89% | -17.98% | -1.21% | -11.58% | 17.18% | 33.86% | 15.51% | 26.42% | 2.01% | -16.35% | -9.41% | -2.32% | 20.15% | 98.41% | 669.77% |
| D&A (Non-Cash Add-back) | 363.4M | 431.9M | 430.8M | 448M | 435.3M | 432.2M | 401.4M | 407.4M | 399.2M | 384.4M | 376.5M | 364.5M | 366.8M | 342.5M | 360.4M | 391.3M | 391.3M | 386.4M | 377.9M | 373.3M |
| EBIT | 821.8M | 929.8M | 979.5M | 961.2M | 629.4M | 1.15B | 1.33B | 1.55B | 1.13B | 1.52B | 1.74B | 1.61B | 1.35B | 1.26B | 1.23B | 1.32B | 995.2M | 1.13B | 2.37B | 1.52B |
| Net Interest Income | -100M | -152M | -114.3M | -116.7M | -98.9M | -99.4M | -113.2M | -113.2M | -106.5M | -106.3M | -113.1M | -119.6M | -117.9M | -118.1M | -94.3M | -103.3M | -72.8M | -115.4M | -99.1M | -77.4M |
| Interest Income | 37M | 13M | 31.5M | 25.6M | 28.4M | 27.8M | 26.8M | 28.1M | 34.1M | 33.8M | 30.1M | 21.3M | 18.4M | 11.6M | 31M | 19.8M | 46.3M | 0 | 21.5M | 36M |
| Interest Expense | 137M | 165M | 145.8M | 142.3M | 127.3M | 127.2M | 140M | 141.3M | 140.6M | 140.1M | 143.2M | 140.9M | 136.3M | 129.7M | 125.3M | 123.1M | 119.1M | 115.4M | 120.6M | 113.4M |
| Other Income/Expense | -49.2M | -145M | -114.3M | -116.7M | -98.9M | -99.4M | -113.2M | -113.2M | -106.5M | -106.3M | -113.1M | -119.6M | -117.9M | -118.1M | -94.3M | -103.3M | -72.8M | -115.4M | 765.4M | -77.4M |
| Pretax Income | 728.1M | 764.8M | 833.7M | 818.9M | 502.1M | 1.02B | 1.19B | 1.4B | 992.4M | 1.38B | 1.59B | 1.46B | 1.21B | 1.14B | 1.1B | 1.19B | 876.1M | 1.06B | 2.25B | 1.41B |
| Pretax Margin % | 7.64% | 7.72% | 8.71% | 8.66% | 5.73% | 10.88% | 13.16% | 15.41% | 11.59% | 14.63% | 17% | 15.97% | 13.87% | 13.03% | 13.09% | 14.63% | 11.47% | 13.2% | 27.59% | 18.83% |
| Income Tax | 217.3M | 471.6M | 700.6M | 260.4M | 118M | 241.4M | 284.1M | 348.6M | 219.9M | 354.7M | 373.8M | 322.4M | 301.3M | 279.8M | 222.6M | 278.5M | 201.1M | 246.3M | 483M | 257.1M |
| Effective Tax Rate % | 29.84% | 61.66% | 84.04% | 31.8% | 23.5% | 23.61% | 23.8% | 24.82% | 22.16% | 25.72% | 23.46% | 22.02% | 24.91% | 24.65% | 20.21% | 23.36% | 22.95% | 23.18% | 21.49% | 18.22% |
| Net Income | 510.9M | 293.3M | 133.1M | 558.3M | 384.2M | 780.8M | 909.2M | 1.05B | 772.4M | 1.02B | 1.22B | 1.14B | 908.3M | 855.2M | 878.3M | 912.9M | 674.5M | 815.9M | 1.76B | 1.15B |
| Net Margin % | 5.36% | 2.96% | 1.39% | 5.9% | 4.38% | 8.31% | 10.02% | 11.57% | 9.02% | 10.87% | 13.01% | 12.45% | 10.42% | 9.81% | 10.44% | 11.2% | 8.83% | 10.13% | 21.66% | 15.39% |
| Net Income Growth % | 32.98% | -62.44% | -85.36% | -47.07% | -50.26% | -23.78% | -25.43% | -7.61% | -14.96% | 19.78% | 38.82% | 25.06% | 34.66% | 4.82% | -50.22% | -20.85% | 2.29% | 31.13% | 349.41% | 270.02% |
| Net Income (Continuing) | 510.9M | 293.2M | 133.1M | 558.5M | 384.1M | 780.9M | 909.6M | 1.06B | 772.5M | 1.02B | 1.22B | 1.14B | 908.3M | 855.2M | 878.5M | 913.7M | 675M | 816.1M | 1.76B | 1.15B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 7.4M | 7.4M | 7.4M | 7.4M | 7.1M | 7.1M | 7.3M | 8M | 7.2M | 7.1M | 7M | 7M | 7.5M | 7.9M | 7.9M | 7.6M | 6.8M | 6.9M | 6.7M | 6.5M |
| EPS (Diluted) | 0.45 | 0.26 | 0.12 | 0.49 | 0.34 | 0.69 | 0.80 | 0.93 | 0.68 | 0.90 | 1.06 | 0.99 | 0.79 | 0.74 | 0.76 | 0.79 | 0.58 | 0.69 | 1.49 | 0.97 |
| EPS Growth % | 32.35% | -62.32% | -85% | -47.31% | -50% | -23.33% | -24.53% | -6.06% | -13.92% | 21.62% | 39.47% | 25.32% | 36.21% | 7.25% | -48.99% | -18.56% | 3.57% | 30.19% | 351.52% | 267.24% |
| EPS (Basic) | 0.45 | 0.26 | 0.12 | 0.49 | 0.34 | 0.69 | 0.80 | 0.93 | 0.68 | 0.90 | 1.07 | 1.00 | 0.79 | 0.74 | 0.77 | 0.80 | 0.59 | 0.70 | 1.50 | 0.98 |
| Diluted Shares Outstanding | 1.14B | 1.14B | 1.14B | 1.14B | 1.14B | 1.14B | 1.14B | 1.14B | 1.14B | 1.14B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.18B | 1.19B | 1.19B |
| Basic Shares Outstanding | 1.14B | 1.14B | 1.14B | 1.14B | 1.14B | 1.13B | 1.14B | 1.13B | 1.13B | 1.14B | 1.14B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.18B | 1.18B |
| Dividend Payout Ratio | 138.25% | 240.4% | 520.89% | 124.16% | 180.37% | 88.61% | 71.05% | 61.2% | 83.56% | 63.27% | 49.78% | 53.2% | 67.06% | 71.13% | 64.01% | 61.55% | 83.5% | 70.6% | 30.08% | 45.97% |