Starbucks Corporation (SBUX) Q3 FY2026 Financial Statements: Revenue $9.32B, Net income $1.05B
More for Starbucks: Company index · 10-K and 10-Q summary · 8-K filings and events
PeriodQ3 FY2026
Published
Starbucks Corporation reported $9.32 billion in net revenues for Q3 FY2026, the quarter ended June 28, 2026, down 1.4% from a year earlier, after the conversion of its retail operations in China to a licensed joint venture took its China company-operated store base out of consolidated revenue. Net earnings attributable to Starbucks were $1.05 billion, up 87.2%, and diluted earnings per share were $0.91 against $0.49 a year earlier, but most of that increase came from a $536.3 million pre-tax gain on the China divestiture rather than from trading. Operating income, which excludes that gain, was $980.4 million, up 4.8%, even after absorbing $302.6 million of restructuring and impairment charges against $20.8 million a year earlier, as margin expansion and a fourth consecutive quarter of global comparable store sales growth offset the lost China revenue, and Starbucks raised its fiscal 2026 guidance alongside the results.
| Metric | Amount | vs. year ago |
|---|---|---|
| Revenue | $9,322,700,000 | down 1.4% |
| Net income | $1,045,300,000 | up 87.2% |
| Diluted EPS | $0.91 | up 85.7% |
| Operating income | $980,400,000 | up 4.8% |
| Gain on China divestiture | $536,300,000 | |
| Restructuring and impairments | $302,600,000 | up 1,354.8% |
About this file
| Ticker | SBUX |
|---|---|
| CIK | 0000829224 |
| Company | Starbucks Corporation |
| Business type | consumer retail (specialty coffee retailer and packaged-coffee brand) |
| Schema template | Standard operating company, laid out the way Starbucks reports: net revenues split into company-operated stores, licensed stores and other; the operating expense lines as the statement prints them; operating income, net earnings and per-share amounts. Starbucks does not present a gross profit subtotal, so none is shown. The balance sheet carries cash, debt, total assets and a shareholders' deficit; the cash flow view carries operating cash flow, capital expenditures and free cash flow. Reportable segment results (North America, International, Channel Development, Corporate and Other) and revenue by geography are carried alongside each period, because the divestiture of the China retail business in the third quarter of fiscal 2026 moves the consolidated lines in ways only the segment and geographic splits explain. |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual dollars (not millions); per-share amounts are actual dollars per share and share counts are actual share counts |
SBUX annual income statement, balance sheet and cash flow
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Fiscal year | 2025 | 2024 | 2023 |
| Label | FY2025 | FY2024 | FY2023 |
| Period start | 2024-09-30 | 2023-10-02 | 2022-10-03 |
| Period end | 2025-09-28 | 2024-09-29 | 2023-10-01 |
| Period type | fiscal year | fiscal year | fiscal year |
| Weeks in period | 52 | 52 | 52 |
| Source accession | 0000829224-25-000114 | 0000829224-25-000114 | 0000829224-25-000114 |
| Income statement | |||
| Company operated stores revenue | 30,744,800,000.0 | 29,765,900,000.0 | 29,462,300,000.0 |
| Licensed stores revenue | 4,350,400,000.0 | 4,505,100,000.0 | 4,512,700,000.0 |
| Other revenue | 2,089,200,000.0 | 1,905,200,000.0 | 2,000,600,000.0 |
| Total net revenues | 37,184,400,000.0 | 36,176,200,000.0 | 35,975,600,000.0 |
| Product and distribution costs | 11,658,200,000.0 | 11,180,600,000.0 | 11,409,100,000.0 |
| Store operating expenses | 17,058,900,000.0 | 15,286,500,000.0 | 14,720,300,000.0 |
| Other operating expenses | 584,600,000.0 | 565,600,000.0 | 539,400,000.0 |
| Depreciation and amortization expenses | 1,684,700,000.0 | 1,512,600,000.0 | 1,362,600,000.0 |
| General and administrative expenses | 2,617,200,000.0 | 2,523,300,000.0 | 2,441,300,000.0 |
| Restructuring and impairments | 892,000,000.0 | 0.0 | 21,800,000.0 |
| Total operating expenses | 34,495,600,000.0 | 31,068,600,000.0 | 30,494,500,000.0 |
| Income from equity investees | 247,800,000.0 | 301,200,000.0 | 298,400,000.0 |
| Gain from sale of assets | 0.0 | 0.0 | 91,300,000.0 |
| Operating income | 2,936,600,000.0 | 5,408,800,000.0 | 5,870,800,000.0 |
| Interest income and other net | 113,300,000.0 | 122,800,000.0 | 81,200,000.0 |
| Interest expense | -542,600,000.0 | -562,000,000.0 | -550,100,000.0 |
| Earnings before income taxes | 2,507,300,000.0 | 4,969,600,000.0 | 5,401,900,000.0 |
| Income tax expense | 650,600,000.0 | 1,207,300,000.0 | 1,277,200,000.0 |
| Net earnings including noncontrolling interests | 1,856,700,000.0 | 3,762,300,000.0 | 4,124,700,000.0 |
| Net earnings attributable to noncontrolling interests | 300,000.0 | 1,400,000.0 | 200,000.0 |
| Net earnings attributable to starbucks | 1,856,400,000.0 | 3,760,900,000.0 | 4,124,500,000.0 |
| Basic EPS | 1.63 | 3.32 | 3.6 |
| Diluted EPS | 1.63 | 3.31 | 3.58 |
| Basic shares | 1,136,000,000.0 | 1,133,800,000.0 | 1,146,800,000.0 |
| Diluted shares | 1,139,800,000.0 | 1,137,300,000.0 | 1,151,300,000.0 |
| Balance sheet | |||
| Cash and cash equivalents | 3,219,800,000.0 | 3,286,200,000.0 | |
| Short term investments | 247,200,000.0 | 257,000,000.0 | |
| Accounts receivable net | 1,277,500,000.0 | 1,213,800,000.0 | |
| Inventories | 2,185,600,000.0 | 1,777,300,000.0 | |
| Prepaid expenses and other current assets | 452,200,000.0 | 313,100,000.0 | |
| Total current assets | 7,382,300,000.0 | 6,847,400,000.0 | |
| Long term investments | 246,900,000.0 | 276,000,000.0 | |
| Equity investments | 466,200,000.0 | 463,900,000.0 | |
| Property plant and equipment net | 8,493,500,000.0 | 8,665,500,000.0 | |
| Operating lease right of use asset | 9,315,700,000.0 | 9,286,200,000.0 | |
| Deferred income taxes net | 1,826,900,000.0 | 1,766,700,000.0 | |
| Other long term assets | 752,500,000.0 | 617,000,000.0 | |
| Other intangible assets | 166,800,000.0 | 100,900,000.0 | |
| Goodwill | 3,368,900,000.0 | 3,315,700,000.0 | |
| Total assets | 32,019,700,000.0 | 31,339,300,000.0 | |
| Accounts payable | 1,852,800,000.0 | 1,595,500,000.0 | |
| Accrued liabilities | 2,359,700,000.0 | 2,194,700,000.0 | |
| Accrued payroll and benefits | 1,093,900,000.0 | 786,600,000.0 | |
| Current portion of operating lease liability | 1,564,500,000.0 | 1,463,100,000.0 | |
| Stored value card liability and current deferred revenue | 1,840,600,000.0 | 1,781,200,000.0 | |
| Current portion of long term debt | 1,498,900,000.0 | 1,248,900,000.0 | |
| Total current liabilities | 10,210,400,000.0 | 9,070,000,000.0 | |
| Long term debt | 14,575,900,000.0 | 14,319,500,000.0 | |
| Operating lease liability noncurrent | 8,972,200,000.0 | 8,771,600,000.0 | |
| Deferred revenue noncurrent | 5,772,600,000.0 | 5,963,600,000.0 | |
| Other long term liabilities | 577,800,000.0 | 656,200,000.0 | |
| Total liabilities | 40,108,900,000.0 | 38,780,900,000.0 | |
| Common stock | 1,100,000 | 1,100,000 | |
| Additional paid in capital | 634,100,000.0 | 322,600,000.0 | |
| Retained deficit | -8,272,500,000.0 | -7,343,800,000.0 | |
| Accumulated other comprehensive income loss | -459,300,000.0 | -428,800,000.0 | |
| Total shareholders deficit | -8,096,600,000.0 | -7,448,900,000.0 | |
| Noncontrolling interests | 7,400,000.0 | 7,300,000.0 | |
| Total equity including noncontrolling interests | -8,089,200,000.0 | -7,441,600,000.0 | |
| Total debt | 16,074,800,000.0 | 15,568,400,000.0 | |
| Long lived assets by geography | |||
| United states | 15,952,700,000.0 | 15,878,400,000.0 | |
| China | 4,276,800,000.0 | 4,514,200,000.0 | |
| Other countries | 4,407,900,000.0 | 4,099,300,000.0 | |
| Total | 24,637,400,000.0 | 24,491,900,000.0 | |
| Cash flow | |||
| Depreciation and amortization | 1,771,500,000.0 | 1,592,400,000.0 | 1,450,300,000.0 |
| Stock based compensation | 318,300,000.0 | 308,300,000.0 | 302,700,000.0 |
| Non cash lease costs | 1,513,800,000.0 | 1,314,900,000.0 | 1,365,900,000.0 |
| Loss on disposal impairment and accelerated amortization | 834,700,000.0 | 121,500,000.0 | 101,400,000.0 |
| Operating cash flow | 4,747,500,000.0 | 6,095,600,000.0 | 6,008,700,000.0 |
| Purchases of investments | -333,600,000.0 | -627,500,000.0 | -610,500,000.0 |
| Capex | -2,305,500,000.0 | -2,777,500,000.0 | -2,333,600,000.0 |
| Acquisitions net of cash acquired | -177,100,000.0 | 0.0 | 0.0 |
| Net cash from investing activities | -2,485,400,000.0 | -2,699,200,000.0 | -2,270,800,000.0 |
| Net proceeds from issuance of long term debt | 1,748,500,000.0 | 1,995,300,000.0 | 1,497,800,000.0 |
| Repayments of long term debt | -1,250,000,000.0 | -1,825,100,000.0 | -1,000,000,000.0 |
| Cash dividends paid | -2,771,400,000.0 | -2,585,000,000.0 | -2,431,800,000.0 |
| Repurchase of common stock | 0.0 | -1,266,700,000.0 | -984,400,000.0 |
| Net cash from financing activities | -2,298,000,000.0 | -3,718,200,000.0 | -2,990,600,000.0 |
| Free cash flow | 2,442,000,000.0 | 3,318,100,000.0 | 3,675,100,000.0 |
| Dividends | |||
| Cash dividends declared per share | 2.45 | 2.32 | 2.16 |
| Segment results | |||
| North america | |||
| Total net revenues | 27,373,100,000.0 | 27,009,500,000.0 | 26,569,600,000.0 |
| Operating income | 3,156,700,000.0 | 5,355,300,000.0 | 5,495,700,000.0 |
| International | |||
| Total net revenues | 7,819,900,000.0 | 7,338,900,000.0 | 7,487,600,000.0 |
| Operating income | 950,000,000.0 | 1,045,700,000.0 | 1,230,900,000.0 |
| Channel development | |||
| Total net revenues | 1,871,700,000.0 | 1,769,800,000.0 | 1,893,800,000.0 |
| Operating income | 885,100,000.0 | 925,900,000.0 | 967,600,000.0 |
| Corporate and other | |||
| Total net revenues | 119,700,000.0 | 58,000,000.0 | 24,600,000.0 |
| Operating income | -2,055,200,000.0 | -1,918,100,000.0 | -1,823,400,000.0 |
| Revenue by geography | |||
| United states | 27,124,700,000.0 | 26,707,400,000.0 | 26,398,300,000.0 |
| China | 3,160,800,000.0 | 3,008,200,000.0 | 3,081,500,000.0 |
| Other countries | 6,898,900,000.0 | 6,460,600,000.0 | 6,495,800,000.0 |
| Total | 37,184,400,000.0 | 36,176,200,000.0 | 35,975,600,000.0 |
SBUX quarterly income statement, balance sheet and cash flow
| Q3 FY2026 | Q3 FY2025 | |
|---|---|---|
| Fiscal year | 2026 | 2025 |
| Fiscal quarter | 3 | 3 |
| Label | Q3 FY2026 | Q3 FY2025 |
| Period start | 2026-03-30 | 2025-03-31 |
| Period end | 2026-06-28 | 2025-06-29 |
| Period type | three months | three months |
| Weeks in period | 13 | 13 |
| Source accession | 0000829224-26-000130 | 0000829224-26-000130 |
| Income statement | ||
| Company operated stores revenue | 7,506,100,000.0 | 7,812,500,000.0 |
| Licensed stores revenue | 1,200,800,000.0 | 1,105,600,000.0 |
| Other revenue | 615,800,000.0 | 537,900,000.0 |
| Total net revenues | 9,322,700,000.0 | 9,456,000,000.0 |
| Product and distribution costs | 2,828,600,000.0 | 2,955,500,000.0 |
| Store operating expenses | 4,197,400,000.0 | 4,344,800,000.0 |
| Other operating expenses | 131,900,000.0 | 151,600,000.0 |
| Depreciation and amortization expenses | 361,600,000.0 | 427,600,000.0 |
| General and administrative expenses | 598,800,000.0 | 677,200,000.0 |
| Restructuring and impairments | 302,600,000.0 | 20,800,000.0 |
| Total operating expenses | 8,420,900,000.0 | 8,577,500,000.0 |
| Income from equity investees | 78,600,000.0 | 57,100,000.0 |
| Operating income | 980,400,000.0 | 935,600,000.0 |
| Interest income and other net | 37,200,000.0 | 25,600,000.0 |
| Interest expense | -134,600,000.0 | -142,300,000.0 |
| Earnings before income taxes | 1,419,300,000.0 | 818,900,000.0 |
| Income tax expense | 374,400,000.0 | 260,400,000.0 |
| Net earnings including noncontrolling interests | 1,044,900,000.0 | 558,500,000.0 |
| Net earnings attributable to noncontrolling interests | -400,000.0 | 200,000.0 |
| Net earnings attributable to starbucks | 1,045,300,000.0 | 558,300,000.0 |
| Net gain from divestiture of certain operations | 536,300,000.0 | 0.0 |
| Basic EPS | 0.92 | 0.49 |
| Diluted EPS | 0.91 | 0.49 |
| Basic shares | 1,139,600,000.0 | 1,136,400,000.0 |
| Diluted shares | 1,143,800,000.0 | 1,139,800,000.0 |
| Balance sheet | ||
| Cash and cash equivalents | 3,449,800,000.0 | |
| Short term investments | 160,500,000.0 | |
| Accounts receivable net | 1,304,200,000.0 | |
| Inventories | 2,208,900,000.0 | |
| Prepaid expenses and other current assets | 410,800,000.0 | |
| Total current assets | 7,534,200,000.0 | |
| Long term investments | 313,200,000.0 | |
| Equity investments | 1,700,000,000.0 | |
| Property plant and equipment net | 6,991,800,000.0 | |
| Operating lease right of use asset | 7,980,800,000.0 | |
| Deferred income taxes net | 1,506,400,000.0 | |
| Other long term assets | 857,200,000.0 | |
| Other intangible assets | 172,300,000.0 | |
| Goodwill | 1,238,800,000.0 | |
| Total assets | 28,294,700,000.0 | |
| Accounts payable | 1,777,200,000.0 | |
| Accrued liabilities | 2,688,600,000.0 | |
| Accrued payroll and benefits | 863,300,000.0 | |
| Current portion of operating lease liability | 1,271,300,000.0 | |
| Stored value card liability and current deferred revenue | 1,818,100,000.0 | |
| Current portion of long term debt | 1,498,400,000.0 | |
| Total current liabilities | 9,916,900,000.0 | |
| Long term debt | 11,780,200,000.0 | |
| Operating lease liability noncurrent | 7,884,200,000.0 | |
| Deferred revenue noncurrent | 5,632,500,000.0 | |
| Other long term liabilities | 748,000,000.0 | |
| Total liabilities | 35,961,800,000.0 | |
| Common stock | 1,100,000 | |
| Additional paid in capital | 915,000,000.0 | |
| Retained deficit | -8,542,500,000.0 | |
| Accumulated other comprehensive income loss | -47,900,000.0 | |
| Total shareholders deficit | -7,674,300,000.0 | |
| Noncontrolling interests | 7,200,000.0 | |
| Total equity including noncontrolling interests | -7,667,100,000.0 | |
| Total debt | 13,278,600,000.0 | |
| Long lived assets by geography | ||
| United states | 15,348,100,000.0 | |
| China | 172,600,000.0 | |
| Other countries | 5,239,800,000.0 | |
| Total | 20,760,500,000.0 | |
| Dividends | ||
| Cash dividends declared per share | 0.62 | 0.61 |
| Segment results | ||
| North america | ||
| Total net revenues | 7,395,100,000.0 | 6,927,000,000.0 |
| Operating income | 1,008,900,000.0 | 918,700,000.0 |
| International | ||
| Total net revenues | 1,322,600,000.0 | 2,010,700,000.0 |
| Operating income | 252,800,000.0 | 272,700,000.0 |
| Channel development | ||
| Total net revenues | 587,900,000.0 | 483,800,000.0 |
| Operating income | 306,200,000.0 | 218,400,000.0 |
| Corporate and other | ||
| Total net revenues | 17,100,000.0 | 34,500,000.0 |
| Operating income | -587,500,000.0 | -474,200,000.0 |
| Revenue by geography | ||
| United states | 7,381,500,000.0 | 6,860,100,000.0 |
| China | 68,700,000.0 | 807,200,000.0 |
| Other countries | 1,872,500,000.0 | 1,788,700,000.0 |
| Total | 9,322,700,000.0 | 9,456,000,000.0 |
SBUX year-to-date income statement and cash flow
| Three quarters ended Jun 28, 2026 (FY2026 year to date) | |
|---|---|
| Label | Three quarters ended Jun 28, 2026 (FY2026 year to date) |
| Period start | 2025-09-29 |
| Period end | 2026-06-28 |
| Period type | nine months (three fiscal quarters, 39 weeks) |
| Weeks in period | 39 |
| Source accession | 0000829224-26-000130 |
| Income statement | |
| Company operated stores revenue | 23,510,600,000.0 |
| Licensed stores revenue | 3,419,600,000.0 |
| Other revenue | 1,839,100,000.0 |
| Total net revenues | 28,769,300,000.0 |
| Product and distribution costs | 9,310,700,000.0 |
| Store operating expenses | 13,158,300,000.0 |
| Other operating expenses | 393,600,000.0 |
| Depreciation and amortization expenses | 1,125,800,000.0 |
| General and administrative expenses | 1,855,700,000.0 |
| Restructuring and impairments | 415,800,000.0 |
| Total operating expenses | 26,259,900,000.0 |
| Income from equity investees | 189,900,000.0 |
| Operating income | 2,699,300,000.0 |
| Interest income and other net | 87,300,000.0 |
| Interest expense | -410,600,000.0 |
| Earnings before income taxes | 2,912,300,000.0 |
| Income tax expense | 1,063,300,000.0 |
| Net earnings including noncontrolling interests | 1,849,000,000.0 |
| Net earnings attributable to noncontrolling interests | -600,000.0 |
| Net earnings attributable to starbucks | 1,849,600,000.0 |
| Net gain from divestiture of certain operations | 536,300,000.0 |
| Basic EPS | 1.62 |
| Diluted EPS | 1.62 |
| Basic shares | 1,139,000,000.0 |
| Diluted shares | 1,143,000,000.0 |
| Cash flow | |
| Depreciation and amortization | 1,210,800,000.0 |
| Stock based compensation | 290,400,000.0 |
| Non cash lease costs | 1,008,100,000.0 |
| Loss on disposal impairment and accelerated amortization | 398,200,000.0 |
| Operating cash flow | 3,604,100,000.0 |
| Purchases of investments | -133,600,000.0 |
| Capex | -887,800,000.0 |
| Acquisitions net of cash acquired | 0.0 |
| Net proceeds from divestiture of certain operations | 2,544,200,000.0 |
| Net cash from investing activities | 1,570,400,000.0 |
| Net proceeds from issuance of long term debt | 0.0 |
| Repayments of long term debt | -2,815,900,000.0 |
| Cash dividends paid | -2,118,000,000.0 |
| Net cash from financing activities | -4,944,200,000.0 |
| Free cash flow | 2,716,300,000.0 |
| Dividends | |
| Cash dividends declared per share | 1.86 |
| Segment results | |
| North america | |
| Total net revenues | 21,569,400,000.0 |
| Operating income | 2,555,800,000.0 |
| International | |
| Total net revenues | 5,438,600,000.0 |
| Operating income | 934,200,000.0 |
| Channel development | |
| Total net revenues | 1,678,400,000.0 |
| Operating income | 751,900,000.0 |
| Corporate and other | |
| Total net revenues | 82,900,000.0 |
| Operating income | -1,542,600,000.0 |
| Revenue by geography | |
| United states | 21,555,800,000.0 |
| China | 1,713,500,000.0 |
| Other countries | 5,500,000,000.0 |
| Total | 28,769,300,000.0 |
SBUX trailing twelve month income statement and cash flow
| Trailing twelve months ended Jun 28, 2026 | |
|---|---|
| Label | Trailing twelve months ended Jun 28, 2026 |
| Period start | 2025-06-30 |
| Period end | 2026-06-28 |
| Period type | trailing twelve months (52 weeks) |
| Weeks in period | 52 |
| Derived | yes |
| Source accession | 0000829224-26-000130 |
| Derived from accessions | 0000829224-25-000114; 0000829224-26-000130 |
| Income statement | |
| Company operated stores revenue | 31,372,500,000.0 |
| Licensed stores revenue | 4,512,700,000.0 |
| Other revenue | 2,453,100,000.0 |
| Total net revenues | 38,338,300,000.0 |
| Product and distribution costs | 12,382,100,000.0 |
| Store operating expenses | 17,493,300,000.0 |
| Other operating expenses | 535,400,000.0 |
| Depreciation and amortization expenses | 1,556,500,000.0 |
| General and administrative expenses | 2,497,700,000.0 |
| Restructuring and impairments | 1,170,800,000.0 |
| Total operating expenses | 35,635,800,000.0 |
| Income from equity investees | 275,000,000.0 |
| Operating income | 2,977,500,000.0 |
| Interest income and other net | 118,800,000.0 |
| Interest expense | -556,400,000.0 |
| Earnings before income taxes | 3,076,200,000.0 |
| Income tax expense | 1,094,000,000.0 |
| Net earnings including noncontrolling interests | 1,982,200,000.0 |
| Net earnings attributable to noncontrolling interests | -600,000.0 |
| Net earnings attributable to starbucks | 1,982,800,000.0 |
| Net gain from divestiture of certain operations | 536,300,000.0 |
| Basic shares | 1,138,475,000.0 |
| Diluted shares | 1,142,500,000.0 |
| Basic EPS | 1.74 |
| Diluted EPS | 1.74 |
| Cash flow | |
| Depreciation and amortization | 1,666,800,000.0 |
| Stock based compensation | 364,400,000.0 |
| Non cash lease costs | 1,417,000,000.0 |
| Loss on disposal impairment and accelerated amortization | 1,089,900,000.0 |
| Operating cash flow | 4,985,900,000.0 |
| Purchases of investments | -169,000,000.0 |
| Capex | -1,343,800,000.0 |
| Acquisitions net of cash acquired | 0.0 |
| Net cash from investing activities | 1,179,900,000.0 |
| Net proceeds from issuance of long term debt | 0.0 |
| Repayments of long term debt | -4,065,900,000.0 |
| Cash dividends paid | -2,811,300,000.0 |
| Net cash from financing activities | -6,877,000,000.0 |
| Net proceeds from divestiture of certain operations | 2,544,200,000.0 |
| Free cash flow | 3,642,100,000.0 |
| Dividends | |
| Cash dividends declared per share | 2.48 |
Adjustments
| Value | |
|---|---|
| Splits applied | none |
| ADR ratio | n/a |
| FX | none applied; Starbucks reports in U.S. dollars and every figure here is taken from a U.S.-dollar statement |
| Note | Starbucks has had no stock split in the period covered by these filings and is not an ADR, so no per-share adjustment was needed. |
Source filings
| Role | Current | Form | Fiscal year | Fiscal period | Tag | Period end | Filed | Accession | Url | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| annual | no | 10-K | 2025 | FY | FY25 | 2025-09-28 | 2025-11-14 | 0000829224-25-000114 | https://www.sec.gov/Archives/edgar/data/829224/000082922425000114/0000829224-25-000114-index.htm | reported |
| quarterly | yes | 10-Q | 2026 | Q3 | FY26Q3 | 2026-06-28 | 2026-07-29 | 0000829224-26-000130 | https://www.sec.gov/Archives/edgar/data/829224/000082922426000130/0000829224-26-000130-index.htm | facts |
Prior year to date
| Three quarters ended Jun 29, 2025 (FY2025 year to date) | |
|---|---|
| Label | Three quarters ended Jun 29, 2025 (FY2025 year to date) |
| Period start | 2024-09-30 |
| Period end | 2025-06-29 |
| Period type | nine months (three fiscal quarters, 39 weeks) |
| Weeks in period | 39 |
| Source accession | 0000829224-26-000130 |
| Income statement | |
| Company operated stores revenue | 22,882,900,000.0 |
| Licensed stores revenue | 3,257,300,000.0 |
| Other revenue | 1,475,200,000.0 |
| Total net revenues | 27,615,400,000.0 |
| Product and distribution costs | 8,586,800,000.0 |
| Store operating expenses | 12,723,900,000.0 |
| Other operating expenses | 442,800,000.0 |
| Depreciation and amortization expenses | 1,254,000,000.0 |
| General and administrative expenses | 1,975,200,000.0 |
| Restructuring and impairments | 137,000,000.0 |
| Total operating expenses | 25,119,700,000.0 |
| Income from equity investees | 162,700,000.0 |
| Operating income | 2,658,400,000.0 |
| Interest income and other net | 81,800,000.0 |
| Interest expense | -396,800,000.0 |
| Earnings before income taxes | 2,343,400,000.0 |
| Income tax expense | 619,900,000.0 |
| Net earnings including noncontrolling interests | 1,723,500,000.0 |
| Net earnings attributable to noncontrolling interests | 300,000.0 |
| Net earnings attributable to starbucks | 1,723,200,000.0 |
| Net gain from divestiture of certain operations | 0.0 |
| Basic EPS | 1.52 |
| Diluted EPS | 1.51 |
| Basic shares | 1,135,700,000.0 |
| Diluted shares | 1,139,400,000.0 |
| Cash flow | |
| Depreciation and amortization | 1,315,500,000.0 |
| Stock based compensation | 244,300,000.0 |
| Non cash lease costs | 1,104,900,000.0 |
| Loss on disposal impairment and accelerated amortization | 143,000,000.0 |
| Operating cash flow | 3,365,700,000.0 |
| Purchases of investments | -298,200,000.0 |
| Capex | -1,849,500,000.0 |
| Acquisitions net of cash acquired | -177,100,000.0 |
| Net proceeds from divestiture of certain operations | 0.0 |
| Net cash from investing activities | -2,094,900,000.0 |
| Net proceeds from issuance of long term debt | 1,748,500,000.0 |
| Repayments of long term debt | 0.0 |
| Cash dividends paid | -2,078,100,000.0 |
| Net cash from financing activities | -365,200,000.0 |
| Free cash flow | 1,516,200,000.0 |
| Dividends | |
| Cash dividends declared per share | 1.83 |
| Segment results | |
| North america | |
| Total net revenues | 20,471,700,000.0 |
| Operating income | 2,848,300,000.0 |
| International | |
| Total net revenues | 5,749,100,000.0 |
| Operating income | 726,900,000.0 |
| Channel development | |
| Total net revenues | 1,329,000,000.0 |
| Operating income | 619,800,000.0 |
| Corporate and other | |
| Total net revenues | 65,600,000.0 |
| Operating income | -1,536,600,000.0 |
| Revenue by geography | |
| United states | 20,244,900,000.0 |
| China | 2,316,100,000.0 |
| Other countries | 5,054,400,000.0 |
| Total | 27,615,400,000.0 |
Notes
- Every figure comes from one of two filings: the fiscal 2025 Form 10-K (accession 0000829224-25-000114, filed November 14, 2025) and the third-quarter fiscal 2026 Form 10-Q (accession 0000829224-26-000130, filed July 29, 2026). Each period below names the filing it was read from.
- Those two filings print exactly these periods, and this record holds exactly them: fiscal 2025, 2024 and 2023 on the annual income statement and cash flow statement; fiscal 2025 and 2024 on the annual balance sheet; the third quarter of fiscal 2026 and the third quarter of fiscal 2025; and the three quarters ended June 28, 2026 and June 29, 2025. Fiscal 2023 therefore carries no balance sheet, the 10-K does not print one for that year.
- Statements are printed in millions and are restated here in actual dollars; per-share amounts and share counts are left as actual dollars per share and actual shares. Share counts are weighted averages for the period, as the earnings statement reports them.
- Starbucks does not present a gross profit line, so none appears here. The cost lines are carried as the statement prints them, product and distribution costs, store operating expenses, other operating expenses, depreciation and amortization, general and administrative expenses, and restructuring and impairments.
- Starbucks reports a shareholders' deficit rather than positive equity, the result of years in which dividends and share repurchases exceeded retained earnings. The field named total_equity_including_noncontrolling_interests is the balance sheet's own 'Total deficit' line and is negative; total assets still equal total liabilities plus that figure.
- Total debt is the current portion of long-term debt plus long-term debt, as the balance sheet presents them. Free cash flow is operating cash flow less additions to property, plant and equipment; Starbucks does not publish a free cash flow figure itself.
- On March 30, 2026, the first day of the third quarter of fiscal 2026, Starbucks completed the divestiture of its retail operations in China. Boyu Capital acquired a 60% interest at a cash-free, debt-free enterprise value of approximately $4 billion; Starbucks received total consideration of $3.1 billion including its share of debt issued by the newly formed joint venture, and retained a 40% interest of roughly $1.2 billion accounted for under the equity method. Starbucks derecognized $3.4 billion of net assets and reclassified $282.8 million of cumulative translation losses and $99.7 million of net investment hedge losses out of accumulated other comprehensive income, producing a pre-tax gain of $536.3 million shown on its own line in the third quarter. Incremental income tax on the gain is approximately $198.6 million in total, of which roughly $147.8 million was recognized in the third quarter. 7,991 company-operated stores were converted to licensed stores inside the International segment.
- The divestiture is why several lines move sharply between the balance sheet at September 28, 2025 and the one at June 28, 2026: goodwill falls from $3.37 billion to $1.24 billion, property, plant and equipment from $8.49 billion to $6.99 billion, and long-lived assets in China from $4.28 billion to $0.17 billion, while equity investments rise from $466 million to $1.70 billion as the retained 40% stake is recorded. Proceeds of $2,544.2 million appear in investing activities for the three quarters, and $2,815.9 million of long-term debt was repaid in the same period.
- The 10-Q's cash flow statement is presented for the three quarters ended June 28, 2026 and June 29, 2025 only, there is no three-month column, and the quarter's earnings release prints the same three-quarter statement. Discrete third-quarter operating cash flow, capital expenditure and free cash flow figures are therefore not published by Starbucks and are not carried in the quarterly entries here. Those figures are available for the cumulative year-to-date periods, the trailing twelve months and each fiscal year.
- The trailing-twelve-months view is derived, not filed: it is fiscal 2025 plus the three quarters ended June 28, 2026 less the three quarters ended June 29, 2025, so it covers the 52 weeks from June 30, 2025 to June 28, 2026. Its weighted-average share counts are time-weighted the same way (the fiscal 2025 average plus 39/52 of the change between the two 39-week averages), and its per-share amounts are computed from those derived figures rather than read off a filing.
- Quarter and year-to-date entries are discrete and cumulative periods respectively and are kept apart: the quarterly list holds only three-month periods, and the 39-week cumulative columns the 10-Q prints are carried in the year_to_date and prior_year_to_date blocks.
- Cash dividends declared per share are taken from the consolidated statements of equity: $2.45 in fiscal 2025, $2.32 in fiscal 2024 and $2.16 in fiscal 2023; $0.62 in the third quarter of fiscal 2026 against $0.61 a year earlier. Starbucks repurchased no common stock in fiscal 2025 or in the first three quarters of fiscal 2026, after $1,266.7 million of repurchases in fiscal 2024.
- Restructuring and impairments are a material and recurring line in these periods. Fiscal 2025 carried $892.0 million under the 'Back to Starbucks' plan, including 627 store closures; the third quarter of fiscal 2026 carried $302.6 million and the first three quarters $415.8 million.
- Segment results and revenue by geography are the disaggregations Starbucks itself reports. Segment operating income is measured before items reported below operating income, so the segment figures sum to consolidated operating income but not to earnings before income taxes.
- Starbucks uses a 52/53-week fiscal calendar ending on the Sunday closest to September 30. Every fiscal year shown here is 52 weeks, every quarter 13 weeks and every year-to-date period 39 weeks; the weeks_in_period field on each entry states this. Period start dates are the day after the prior period's close and are corroborated by the opening balance dates printed in the consolidated statements of equity.
Uncertainties
- No discrete third-quarter cash flow figures are reported. Neither the 10-Q nor the quarter's earnings release prints a three-month cash flow column, so quarterly operating cash flow, capital expenditure and free cash flow are absent from this record rather than estimated.
- The trailing-twelve-months figures are arithmetic, not filed. Totals are exact sums of filed columns, but the weighted-average share counts are time-weighted estimates and the trailing per-share amounts derived from them are therefore approximate to about a cent.
- The $536.3 million divestiture gain and the roughly $147.8 million of incremental tax recognized against it fall entirely in the third quarter of fiscal 2026, so that quarter's net earnings, effective tax rate and per-share figures are not comparable with the prior-year quarter on an underlying basis. Starbucks publishes non-GAAP measures that exclude these items; only the figures as reported under U.S. GAAP are carried here.
- Fiscal 2023 carries an income statement and cash flow statement but no balance sheet, because the fiscal 2025 10-K presents only two years of balance sheet. Balance-sheet comparisons involving fiscal 2023 cannot be made from this record.
- The June 28, 2026 balance sheet is unaudited, as are all the third-quarter figures; the fiscal 2025, 2024 and 2023 figures are audited.
Company details
| Value | |
|---|---|
| Name | Starbucks Corp |
| Ticker | SBUX |
| CIK | 0000829224 |
| Exchange | Nasdaq |
| State | Washington |
| Incorporation | Washington |
| SIC | 5810 |
| Office | Trade & Services |
| Industry | Retail-Eating & Drinking Places |
Fiscal period
| FY2026 | |
|---|---|
| Fiscal year | 2026 |
| Fiscal period | Q3 |
| Tag | FY26Q3 |
| Period end | 2026-06-28 |
| Form | 10-Q |
| Accession | 0000829224-26-000130 |
| Fiscal year end | 0928 |
| Source | facts |
FAQ · Starbucks financial statements
How much revenue did Starbucks report in Q3 FY2026?
Starbucks reported $9.32 billion in total net revenues for Q3 FY2026, the quarter ended June 28, 2026. That is down 1.4% from $9.46 billion in the same quarter a year earlier.
Why did Starbucks revenue fall in Q3 FY2026?
Starbucks net revenues of $9.32 billion for Q3 FY2026 were down 1.4% from $9.46 billion a year earlier primarily because the company converted its retail operations in China to a licensed joint venture, moving those company-operated stores off its own revenue line and onto product and royalty revenue from the licensee. Comparable store sales grew in the quarter, and operating income rose to $980.4 million.
What was Starbucks net income and EPS in Q3 FY2026?
Starbucks reported net earnings attributable to Starbucks of $1.05 billion for Q3 FY2026, up 87.2% from $558.3 million a year earlier, and diluted earnings per share of $0.91 against $0.49.
How much of Starbucks profit came from the China divestiture?
Starbucks recorded a $536.3 million pre-tax gain on the divestiture of its retail operations in China in Q3 FY2026, the single largest reason net earnings attributable to Starbucks of $1.05 billion were up 87.2%. Excluding the gain, operating income was $980.4 million, up 4.8% from $935.6 million, and that figure was struck after $302.6 million of restructuring and impairment charges against $20.8 million a year earlier.
Where can I get Starbucks Corporation (SBUX) financial data in machine-readable form?
Ticker Scout publishes Starbucks Corporation's financial statements as JSON at https://tickerscout.ai/sbux/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/sbux/narrative.md and https://tickerscout.ai/sbux/events.md. Starbucks Corporation's SEC CIK is 0000829224. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does Starbucks Corporation (SBUX) next file with the SEC?
Starbucks Corporation (SBUX) is expected to file its next Form 10-K with the SEC on or around November 13, 2026. That date is a projection rather than a company-announced date: it is derived from Starbucks Corporation's own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q3 FY2026, the period ended 2026-06-28, SEC accession 0000829224-26-000130.
Related companies
How this page was built
This page was built from two of Starbucks Corporation's own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names five such gaps.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
Published by Ticker Scout, an independent publisher of company filings data. About Ticker Scout · Disclaimer
Built from Starbucks Corporation's SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.