STARBUCKS CORP SBUX

Consumer discretionary SIC 5810 - Retail-Eating & Drinking Places NAICS Accommodation and Food Services › Food Services and Drinking Places derived Nasdaq

Starbucks is the premier roaster, marketer, and retailer of specialty coffee in the world, operating in 89 markets. Formed in 1985, Starbucks Corporation's common stock trades on the Nasdaq Global Select Market ("Nasdaq") under the symbol "SBUX." We purchase and roast high-quality coffees that we sell, along with handcrafted coffee, tea, and other beverages and a variety of high-quality food items through company-operated stores ("stores" or "coffeehouses"). We also sell a variety of coffee and tea products and license our trademarks through other channels, such as licensed stores as well as grocery and foodservice through our Global Coffee Alliance with Nestlé S.A. ("Nestlé"). In addition to our flagship Starbucks Coffee® brand, we sell goods and services under the following brands: Teavana®, Ethos®, and Starbucks Reserve®.

Last close 100.80 2026-10-23
Market cap $114.91B 2026-06-28 share count
52-week range 77.99 - 110.51

Valuation FY2025 figures against the last close

P/S3.1x
P/E61.8x
P/FCF47.1x
EV/EBITDA27.1x
Dividend yield2.4%
Diluted EPS1.63

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Other Countries
  • China
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 27.1B (72.9%) 73% United States Other Countries, FY2025: 6.9B (18.6%) 19% Other Countries China, FY2025: 3.2B (8.5%) 9% China FY2024 United States, FY2024: 26.7B (73.8%) 74% Other Countries, FY2024: 6.5B (17.9%) 18% China, FY2024: 3B (8.3%) 8% FY2023 United States, FY2023: 26.4B (73.4%) 73% Other Countries, FY2023: 6.5B (18.1%) 18% China, FY2023: 3.1B (8.6%) 9%
Region FY2025FY2024FY2023
United States $27.12B $26.71B $26.40B
Other Countries $6.90B $6.46B $6.50B
China $3.16B $3.01B $3.08B

As the company reported it, from the “Segment Reporting (Information by Geographic Area) (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $37.18B$36.18B$35.98B$32.25B$29.06B$23.52B$26.51B$24.72B$22.39B$21.32B
Cost of revenue ——————$8.53B$7.93B$7.07B$8.51B
Gross profit ——————$17.98B$16.79B$15.32B$12.81B
SG&A $2.62B$2.52B$2.44B$2.03B$1.93B$1.68B$1.82B$1.71B$1.41B$1.41B
Total operating expenses $34.50B$31.07B$30.49B$27.87B$24.57B$22.28B$22.73B$21.14B$18.64B$17.46B
Operating income $2.94B$5.41B$5.87B$4.62B$4.87B$1.56B$4.08B$3.88B$4.13B$4.17B
Interest expense $542.6M$562.0M$550.1M$482.9M$469.8M$437.0M$331.0M$170.3M$92.5M$81.3M
Pre-tax income $2.51B$4.97B$5.40B$4.23B$5.36B$1.16B$4.47B$5.78B$4.32B$4.20B
Income tax $650.6M$1.21B$1.28B$948.5M$1.16B$239.7M$871.6M$1.26B$1.43B$1.38B
Net income $1.86B$3.76B$4.12B$3.28B$4.20B$928.3M$3.60B$4.52B$2.88B$2.82B
EPS, basic 1.633.323.602.853.570.792.953.271.991.91
EPS, diluted 1.633.313.582.833.540.792.923.241.971.90
Shares, diluted (wtd. avg.) 1.14B1.14B1.15B1.16B1.19B1.18B1.23B1.39B1.46B1.49B

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $3.22B$3.29B$3.55B$2.82B$6.46B$4.35B$2.69B$8.76B$2.46B$2.13B
Short-term investments $247.2M$257.0M$401.5M$364.5M$162.2M$281.2M$70.5M$181.5M$228.6M$134.4M
Receivables $1.28B$1.21B$1.18B$1.18B$940.0M$883.4M$879.2M$693.1M$870.4M$768.8M
Inventory $2.19B$1.78B$1.81B$2.18B$1.60B$1.55B$1.53B$1.40B$1.36B$1.38B
Total current assets $7.38B$6.85B$7.30B$7.02B$9.76B$7.81B$5.65B$12.49B$5.28B$4.76B
Property, plant and equipment $8.49B$8.67B$7.39B$6.56B$6.37B$6.24B$6.43B$5.93B$4.92B$4.53B
Goodwill $3.37B$3.32B$3.22B$3.28B$3.68B$3.60B$3.49B$3.54B$1.54B$1.72B
Other intangibles $166.8M$100.9M$120.5M$155.9M$349.9M$552.1M$781.8M$1.04B$441.4M$516.3M
Total assets $32.02B$31.34B$29.45B$27.98B$31.39B$29.37B$19.22B$24.16B$14.37B$14.31B
Accounts payable $1.85B$1.60B$1.54B$1.44B$1.21B$997.9M$1.19B$1.18B$782.5M$730.6M
Short-term debt $1.50B$1.25B$1.82B$1.75B$998.9M$1.25B$0$349.9M$0$399.9M
Total current liabilities $10.21B$9.07B$9.35B$9.15B$8.15B$7.35B$6.17B$5.68B$4.22B$4.55B
Long-term debt $14.58B$14.32B$13.55B$13.12B$13.62B$14.66B$11.17B$9.09B$3.93B$3.19B
Total liabilities $40.11B$38.78B$37.43B$36.68B$36.71B$37.17B$25.45B$22.98B$8.91B$8.42B
Retained earnings -$8.27B-$7.34B-$7.26B-$8.45B-$6.32B-$7.82B-$5.77B$1.46B$5.56B$5.95B
Total equity -$8.10B-$7.45B-$7.99B-$8.70B-$5.31B-$7.80B-$6.23B$1.18B$5.46B$5.89B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $4.75B$6.10B$6.01B$4.40B$5.99B$1.60B$5.05B$11.94B$4.25B$4.70B
Depreciation and amortisation $1.77B$1.59B$1.45B$1.53B$1.52B$1.50B$1.45B$1.31B$1.07B$1.03B
Stock-based compensation $318.3M$308.3M$302.7M$271.5M$319.1M$248.6M$308.0M$250.3M$176.0M$218.1M
Capital expenditure $2.31B$2.78B$2.33B$1.84B$1.47B$1.48B$1.81B$1.98B$1.52B$1.44B
Investing cash flow -$2.49B-$2.70B-$2.27B-$2.15B-$319.5M-$1.71B-$1.01B-$2.36B-$850.0M-$2.22B
Financing cash flow -$2.30B-$3.72B-$2.99B-$5.64B-$3.65B$1.71B-$10.06B-$3.24B-$3.08B-$1.87B
Dividends paid $2.77B$2.58B$2.43B$2.26B$2.12B$1.92B$1.76B$1.74B$1.45B$1.18B
Buybacks $0$1.27B$984.4M$4.01B$0$1.70B$10.22B$7.13B$2.04B$2.00B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000829224-25-000114.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 10B 20B 30B 40B Revenue, FY2016: 21.3B Gross profit, FY2016: 12.8B Net income, FY2016: 2.8B Revenue, FY2017: 22.4B Gross profit, FY2017: 15.3B Net income, FY2017: 2.9B Revenue, FY2018: 24.7B Gross profit, FY2018: 16.8B Net income, FY2018: 4.5B Revenue, FY2019: 26.5B Gross profit, FY2019: 18B Net income, FY2019: 3.6B Revenue, FY2020: 23.5B Net income, FY2020: 928.3M Revenue, FY2021: 29.1B Net income, FY2021: 4.2B Revenue, FY2022: 32.3B Net income, FY2022: 3.3B Revenue, FY2023: 36B Net income, FY2023: 4.1B Revenue, FY2024: 36.2B Net income, FY2024: 3.8B Revenue, FY2025: 37.2B Net income, FY2025: 1.9B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $21.32B $22.39B $24.72B $26.51B $23.52B $29.06B $32.25B $35.98B $36.18B $37.18B
Gross profit $12.81B $15.32B $16.79B $17.98B — — — — — —
Net income $2.82B $2.88B $4.52B $3.60B $928.3M $4.20B $3.28B $4.12B $3.76B $1.86B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
  • Results announced Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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