Specialty coffee roaster, marketer, and retailer operating cafes, packaged coffee products, and beverage platforms worldwide.MoreShow less
Profile & Fundamentals
Starbucks (SBUX.NASDAQ) Profile & Fundamentals
Review Starbucks reported earnings, valuation, balance sheet and ownership, with source tables and separate AI assessments.
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Company and Market Context
Starbucks: Company Profile & Ownership
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee internationally. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee, tea, and other beverages, roasted whole beans and ground coffees, complementary food, packaged coffees, single-serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items. The company also licenses its trademarks through licensed stores, and grocery and foodservice accounts. The company offers its products under the Starbucks Coffee, Teavana, Seattle's Best Coffee, Ethos, and Starbucks Reserve brands. Starbucks Corporation was founded in 1971 and is based in Seattle, Washington.
Company profile record
Starbucks Corporation
Common Stock · Consumer Discretionary · Restaurants
Company
- Company / asset
- Starbucks Corporation
- Security type
- Common Stock
- Sector
- Consumer Discretionary
- Industry
- Restaurants
- HQ
- 🇺🇸 United States
- Head office
- 2401 Utah Avenue South, Seattle, WA, United States, 98134
Leadership & scale
- Chief executive
- Mr. Brian R. Niccol
- CEO year born
- 1974
- Full-time employees
- 381K
- Fiscal year end
- September
- IPO date
- 1992-06-26
Fundamentals snapshot
- Market Cap
- USD 120.7B
- P/E
- 47.8x
- Revenue (Q3 26)
- USD 9.1B
- Profit (Q3 26)
- USD 677.2M
- Dividend Yield
- 1.6%
- Revenue (FY 26)
- USD 37.9B
- Shares in public float
- 1.1B
- Insider ownership
- 0.13%
Reporting & identifiers
- Symbol
- SBUX.NASDAQ
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US8552441094
- Asset ID
- equity_ba12ea48-84e6-5905-9adb-4b8ed803cd70
Starbucks: Ownership
Shares Outstanding
Latest: 1.1B | Max: 1.4B | Min: 1.1B
Latest reported ownership snapshot
Float Shares
99.40%
1.1B latest reported shares
Insider Ownership
0.13%
Latest reported insider stake
Short Float
0.04%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 1,434,600,000 |
| 2018-01-01 | 1,253,400,000 |
| 2019-01-01 | 1,191,000,000 |
| 2020-01-01 | 1,183,000,000 |
| 2021-01-01 | 1,176,600,000 |
| 2022-01-01 | 1,152,900,000 |
| 2023-01-01 | 1,140,600,000 |
| 2024-01-01 | 1,138,400,000 |
| 2025-01-01 | 1,141,900,000 |
| 2026-01-01 | 1,144,600,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| Capital Research Global Investors | 109,649,535 | 9.62% | 2026-06-30 |
| Capital World Investors | 91,475,472 | 8.02% | 2026-06-30 |
| BlackRock Inc | 83,222,518 | 7.3% | 2026-06-30 |
| Vanguard Capital Management, LLC | 74,431,675 | 6.53% | 2026-06-30 |
| State Street Corp | 49,260,268 | 4.32% | 2026-06-30 |
| Amvescap Plc. | 38,497,546 | 3.38% | 2026-06-30 |
| Vanguard MStar Total Stk Mkt Idx Invest | 36,187,713 | 3.17% | 2026-09-30 |
| Vanguard Portfolio Management, LLC | 30,105,849 | 2.64% | 2026-06-30 |
| Vanguard 500 Index Investor | 29,938,787 | 2.63% | 2026-09-30 |
| American Funds American Mutual A | 28,924,014 | 2.54% | 2026-09-30 |
| Geode Capital Management, LLC | 28,569,031 | 2.51% | 2026-06-30 |
| FMR Inc | 26,301,027 | 2.31% | 2026-06-30 |
| American Funds American Balanced A | 25,217,947 | 2.21% | 2026-09-30 |
| Invesco QQQ Trust | 23,711,446 | 2.08% | 2026-10-30 |
| American Funds Invmt Co of Amer A | 23,483,952 | 2.06% | 2026-09-30 |
Starbucks: Earnings, Profitability & Valuation
Latest Financials Filed On
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Starbucks' headline financial trajectory shows an operational stabilization following a difficult fiscal 2025, where operating profits dropped significantly due to store congestion, promotional discounting, and restructuring expenses. Recent quarterly results through mid-2026 show headline earnings rebounding, supported by positive domestic customer traffic and the deconsolidation of Chinese company-operated stores into an asset-light joint venture. However, forensic scrutiny reveals that reported profitability was flattered by non-recurring IEEPA customs tariff refunds and one-time transaction gains. Underlying earnings power is improving as customer wait times shorten, but recurring profits face ongoing pressure from baseline store wages and higher coffee procurement costs.
Starbucks' headline financial trajectory shows an operational stabilization following a difficult fiscal 2025, where operating profits dropped significantly due to store congestion, promotional discounting, and restructuring expenses. Recent quarterly results through mid-2026 show headline earnings rebounding, supported by positive domestic customer traffic and the deconsolidation of Chinese company-operated stores into an asset-light joint venture. However, forensic scrutiny reveals that reported profitability was flattered by non-recurring IEEPA customs tariff refunds and one-time transaction gains. Underlying earnings power is improving as customer wait times shorten, but recurring profits face ongoing pressure from baseline store wages and higher coffee procurement costs.
Revenue, Net Income, and Free Cash Flow
Latest: USD 37.9B | Max: USD 37.9B | Min: USD 114.2M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 52x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability margins experienced a sharp decline before bottoming out, with operating margins falling to 9.63% in fiscal 2025 due to barista wage investments, store-level operational friction, and surging green coffee bean prices. Recent quarterly performance indicates that margins have rebounded toward 13% to 14% as menu simplification and improved staffing take hold. Nevertheless, investors must distinguish temporary windfalls from structural progress. One-off customs refunds provided a temporary margin boost that will not repeat in fiscal 2027. While asset-light licensing royalties provide a permanent margin tailwind, higher baseline barista wages will keep terminal operating margins below historical peak levels.
Profitability margins experienced a sharp decline before bottoming out, with operating margins falling to 9.63% in fiscal 2025 due to barista wage investments, store-level operational friction, and surging green coffee bean prices. Recent quarterly performance indicates that margins have rebounded toward 13% to 14% as menu simplification and improved staffing take hold. Nevertheless, investors must distinguish temporary windfalls from structural progress. One-off customs refunds provided a temporary margin boost that will not repeat in fiscal 2027. While asset-light licensing royalties provide a permanent margin tailwind, higher baseline barista wages will keep terminal operating margins below historical peak levels.
Profitability Margins
Latest: 67.7% | Max: 67.7% | Min: 3.9%
Latest Profitability Ratios as of 2026-09-30
Gross Margin
67.7%
Gross profit / revenue
Operating Margin
9.7%
Operating income / revenue
Net Margin
6.7%
Net income / revenue
FCF Margin
9.8%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2017-09-30 | 22,386,800,000 | 2,884,700,000 | 2,654,900,000 |
| 2018-09-30 | 24,719,500,000 | 4,518,300,000 | 9,961,400,000 |
| 2019-09-30 | 26,508,600,000 | 3,599,200,000 | 3,240,400,000 |
| 2020-09-30 | 23,518,000,000 | 928,300,000 | 114,200,000 |
| 2021-09-30 | 29,060,600,000 | 4,199,300,000 | 4,519,100,000 |
| 2022-09-30 | 32,250,300,000 | 3,281,600,000 | 2,556,000,000 |
| 2023-09-30 | 35,975,600,000 | 4,124,500,000 | 3,675,100,000 |
| 2024-09-30 | 36,176,200,000 | 3,760,900,000 | 3,318,100,000 |
| 2025-09-30 | 37,184,400,000 | 1,856,400,000 | 2,442,000,000 |
| 2026-09-30 | 37,910,600,000 | 2,526,700,000 | 3,724,800,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-09-30 | 52 | Trailing four quarters |
| 2024-09-30 | 29.5 | Trailing four quarters |
| 2023-09-30 | 25.2 | Trailing four quarters |
| 2022-09-30 | 29.6 | Annual net income |
| 2021-09-30 | 30.9 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2017-09-30 | 30.53 | 18.47 | 12.89 | 11.86 |
| 2018-09-30 | 29.6 | 15.71 | 18.28 | 40.3 |
| 2019-09-30 | 28.25 | 15.38 | 13.58 | 12.22 |
| 2020-09-30 | 21.51 | 6.64 | 3.95 | 0.49 |
| 2021-09-30 | 28.87 | 16.77 | 14.45 | 15.55 |
| 2022-09-30 | 25.96 | 14.32 | 10.18 | 7.93 |
| 2023-09-30 | 27.37 | 16.32 | 11.46 | 10.22 |
| 2024-09-30 | 26.84 | 14.95 | 10.4 | 9.17 |
| 2025-09-30 | 24.15 | 9.63 | 4.99 | 6.57 |
| 2026-09-30 | 67.73 | 9.74 | 6.66 | 9.83 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Snapshot retrieved 2026-11-05.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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