Starbucks annual operating margin
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Starbucks Operating Margin Growth & History (SBUX)
Starbucks's operating margin was 7.90% for fiscal 2025.
View full Starbucks company overviewStarbucks annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-09-28 | 7.90% | −7.05 pp |
| 2024 | 2024-09-29 | 14.95% | −1.37 pp |
| 2023 | 2023-10-01 | 16.32% | +2.00 pp |
| 2022 | 2022-10-02 | 14.32% | −2.45 pp |
| 2021 | 2021-10-03 | 16.77% | +10.12 pp |
| 2020 | 2020-09-27 | 6.64% | −8.74 pp |
| 2019 | 2019-09-29 | 15.38% | −0.33 pp |
| 2018 | 2018-09-30 | 15.71% | −2.76 pp |
| 2017 | 2017-10-01 | 18.47% | −1.10 pp |
| 2016 | 2016-10-02 | 19.57% | +0.78 pp |
| 2015 | 2015-09-27 | 18.79% | +0.06 pp |
| 2014 | 2014-09-28 | 18.73% | +20.92 pp |
| 2013 | 2013-09-29 | −2.19% | −17.20 pp |
| 2012 | 2012-09-30 | 15.02% | +0.25 pp |
| 2011 | 2011-10-02 | 14.77% | +1.52 pp |
| 2010 | 2010-10-03 | 13.26% | +7.51 pp |
| 2009 | 2009-09-27 | 5.75% | +0.90 pp |
| 2008 | 2008-09-28 | 4.85% | −6.34 pp |
| 2007 | 2007-09-30 | 11.20% | — |
Starbucks quarterly operating margin
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Q3.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q3 2026 | 2026-06-28 | 10.52% | +0.62 pp |
| Q2 2026 | 2026-03-29 | 8.69% | +1.83 pp |
| Q1 2026 | 2025-12-28 | 8.98% | −2.95 pp |
| Q4 2025 | 2025-09-28 | 2.91% | −11.50 pp |
| Q3 2025 | 2025-06-29 | 9.89% | −6.76 pp |
| Q2 2025 | 2025-03-30 | 6.86% | −5.97 pp |
| Q1 2025 | 2024-12-29 | 11.94% | −3.82 pp |
| Q4 2024 | 2024-09-29 | 14.40% | −3.80 pp |
| Q3 2024 | 2024-06-30 | 16.65% | −0.63 pp |
| Q2 2024 | 2024-03-31 | 12.83% | −2.39 pp |
| Q1 2024 | 2023-12-31 | 15.76% | +1.38 pp |
| Q4 2023 | 2023-10-01 | 18.20% | +3.99 pp |
| Q3 2023 | 2023-07-02 | 17.28% | +1.38 pp |
| Q2 2023 | 2023-04-02 | 15.22% | +2.80 pp |
| Q1 2023 | 2023-01-01 | 14.38% | −0.25 pp |
| Q4 2022 | 2022-10-02 | 14.21% | −3.99 pp |
| Q3 2022 | 2022-07-03 | 15.90% | −3.96 pp |
| Q2 2022 | 2022-04-03 | 12.43% | −2.38 pp |
| Q1 2022 | 2022-01-02 | 14.63% | +1.10 pp |
| Q4 2021 | 2021-10-03 | 18.20% | +9.19 pp |
| Q3 2021 | 2021-06-27 | 19.86% | +36.53 pp |
| Q2 2021 | 2021-03-28 | 14.81% | +6.68 pp |
| Q1 2021 | 2020-12-27 | 13.53% | −3.65 pp |
| Q4 2020 | 2020-09-27 | 9.00% | −7.05 pp |
| Q3 2020 | 2020-06-28 | −16.67% | −33.11 pp |
| Q2 2020 | 2020-03-29 | 8.13% | −5.47 pp |
| Q1 2020 | 2019-12-29 | 17.19% | +1.87 pp |
| Q4 2019 | 2019-09-29 | 16.05% | +0.88 pp |
| Q3 2019 | 2019-06-30 | 16.43% | −0.02 pp |
| Q2 2019 | 2019-03-31 | 13.60% | +0.79 pp |
| Q1 2019 | 2018-12-30 | 15.31% | −3.06 pp |
| Q4 2018 | 2018-09-30 | 15.17% | −2.77 pp |
| Q3 2018 | 2018-07-01 | 16.45% | −1.99 pp |
| Q2 2018 | 2018-04-01 | 12.81% | −4.86 pp |
| Q1 2018 | 2017-12-31 | 18.38% | −1.38 pp |
| Q4 2017 | 2017-10-01 | 17.94% | −3.55 pp |
| Q3 2017 | 2017-07-02 | 18.44% | −1.07 pp |
| Q2 2017 | 2017-04-02 | 17.67% | +0.36 pp |
| Q1 2017 | 2017-01-01 | 19.76% | +0.07 pp |
| Q4 2016 | 2016-10-02 | 21.49% | +1.77 pp |
| Q3 2016 | 2016-06-26 | 19.52% | +0.29 pp |
| Q2 2016 | 2016-03-27 | 17.31% | +0.27 pp |
| Q1 2016 | 2015-12-27 | 19.69% | +0.63 pp |
| Q4 2015 | 2015-09-27 | 19.72% | −0.73 pp |
| Q3 2015 | 2015-06-28 | 19.23% | +0.73 pp |
| Q2 2015 | 2015-03-29 | 17.04% | +0.41 pp |
| Q1 2015 | 2014-12-28 | 19.06% | −0.13 pp |
| Q4 2014 | 2014-09-28 | 20.45% | +76.28 pp |
| Q3 2014 | 2014-06-29 | 18.50% | +2.03 pp |
| Q2 2014 | 2014-03-30 | 16.63% | +1.30 pp |
| Q1 2014 | 2013-12-29 | 19.19% | +2.56 pp |
| Q4 2013 | 2013-09-29 | −55.83% | −71.27 pp |
| Q3 2013 | 2013-06-30 | 16.47% | +1.59 pp |
| Q2 2013 | 2013-03-31 | 15.33% | +1.86 pp |
| Q1 2013 | 2012-12-30 | 16.62% | +0.44 pp |
| Q4 2012 | 2012-09-30 | 15.44% | +0.65 pp |
| Q3 2012 | 2012-07-01 | 14.88% | +1.16 pp |
| Q2 2012 | 2012-04-01 | 13.47% | −0.03 pp |
| Q1 2012 | 2012-01-01 | 16.18% | −0.83 pp |
| Q4 2011 | 2011-10-02 | 14.79% | +0.72 pp |
| Q3 2011 | 2011-07-03 | 13.72% | +1.17 pp |
| Q2 2011 | 2011-04-03 | 13.50% | +0.10 pp |
| Q1 2011 | 2011-01-02 | 17.01% | +4.06 pp |
| Q4 2010 | 2010-10-03 | 14.07% | +5.84 pp |
| Q3 2010 | 2010-06-27 | 12.55% | +4.06 pp |
| Q2 2010 | 2010-03-28 | 13.41% | +11.65 pp |
| Q1 2010 | 2009-12-27 | 12.95% | +8.45 pp |
| Q4 2009 | 2009-09-27 | 8.23% | +9.07 pp |
| Q3 2009 | 2009-06-28 | 8.49% | — |
| Q2 2009 | 2009-03-29 | 1.75% | — |
| Q1 2009 | 2008-12-28 | 4.50% | — |
| Q3 2008 | 2008-06-29 | −0.84% | — |
Starbucks operating margin trends
Over the last five reported fiscal years, Starbucks's operating margin increased from 6.64% to 7.90%, a change of +1.26 percentage points. The latest reported quarter, Q3 2026, shows 10.52%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Starbucks filings at SEC.gov ↗