Starbucks balance sheet

At the end of fiscal 2025, Starbucks had total assets of $32.02bn, total liabilities of $40.11bn and shareholders' equity of −$8.10bn. It held $3.22bn in cash against $16.20bn of debt: net debt of $12.98bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Starbucks: balance sheet, annual
Fiscal year	2009Sept 2009	2010Oct 2010	2011Oct 2011	2012Sept 2012	2013Sept 2013	2014Sept 2014	2015Sept 2015	2016Oct 2016	2017Oct 2017	2018Sept 2018	2019Sept 2019	2020Sept 2020	2021Oct 2021	2022Oct 2022	2023Oct 2023	2024Sept 2024	2025Sept 2025	LTMJun 2026
Cash and equivalents	0.6	1.2	1.1	1.2	2.6	1.7	1.5	2.1	2.5	8.8	2.7	4.4	6.5	2.8	3.6	3.3	3.2	3.4
Receivables	0.3	0.3	0.4	0.5	0.6	0.6	0.7	0.8	0.9	0.7	0.9	0.9	0.9	1.2	1.2	1.2	1.3	1.3
Inventory	0.7	0.5	1.0	1.2	1.1	1.1	1.3	1.4	1.4	1.4	1.5	1.6	1.6	2.2	1.8	1.8	2.2	2.2
Total current assets	2.0	2.8	3.8	4.2	5.5	4.2	4.0	4.8	5.3	12.5	5.7	7.8	9.8	7.0	7.3	6.8	7.4	7.5
Goodwill	0.3	0.3	0.3	0.4	0.9	0.9	1.6	1.7	1.5	3.5	3.5	3.6	3.7	3.3	3.2	3.3	3.4	1.2
Total assets	5.6	6.4	7.4	8.2	11.5	10.8	12.4	14.3	14.4	24.2	19.2	29.4	31.4	28.0	29.4	31.3	32.0	28.3
Accounts payable	0.3	0.3	0.5	0.4	0.5	0.5	0.7	0.7	0.8	1.2	1.2	1.0	1.2	1.4	1.5	1.6	1.9	1.8
Deferred revenue (current)	0.4	0.4	0.4	0.5	0.7	0.8	1.0	1.2	1.3	1.2	1.3	1.5	1.6	1.6	1.7	1.8	1.8	1.8
Total current liabilities	1.6	1.8	2.1	2.2	5.4	3.0	3.6	4.5	4.2	5.7	6.2	7.3	8.2	9.2	9.3	9.1	10.2	9.9
Short-term debt	0.0	0.0	—	—	—	0.0	0.0	0.4	0.0	0.3	0.0	1.2	1.0	1.7	1.8	1.2	1.5	1.5
Long-term debt	0.5	0.5	0.5	0.5	1.3	2.0	2.3	3.2	3.9	9.1	11.2	14.7	13.6	13.1	13.5	14.3	14.6	11.8
Total debt	0.5	0.5	0.5	0.5	1.3	2.1	2.4	3.6	4.0	9.5	11.2	16.3	14.7	15.0	15.5	15.7	16.2	13.4
Total liabilities	2.5	2.7	3.0	3.1	7.0	5.5	6.6	8.4	8.9	23.0	25.5	37.2	36.7	36.7	37.4	38.8	40.1	36.0
Shareholders' equity	3.0	3.7	4.4	5.1	4.5	5.3	5.8	5.9	5.5	1.2	−6.2	−7.8	−5.3	−8.7	−8.0	−7.4	−8.1	−7.7
Net debt (negative = net cash)	−0.1	−0.6	−0.6	−0.6	−1.3	0.3	0.8	1.5	1.5	0.8	8.6	12.0	8.3	12.2	12.0	12.4	13.0	9.9
Shares outstanding	1,486m	1,485m	1,490m	1,499m	1,506m	1,499m	1,485m	1,461m	1,432m	1,309m	1,185m	1,173m	1,180m	1,148m	1,143m	1,134m	1,137m	—

US$ billions unless shown otherwise. Fiscal quarters.

Starbucks: balance sheet, quarterly
Quarter	2024 Q4Sept 2024	2025 Q1Dec 2024	2025 Q2Mar 2025	2025 Q3Jun 2025	2025 Q4Sept 2025	2026 Q1Dec 2025	2026 Q2Mar 2026	2026 Q3Jun 2026
Receivables	1.2	1.2	1.2	1.2	1.3	1.2	1.3	1.3
Inventory	1.8	1.7	2.0	2.3	2.2	2.1	2.2	2.2
Total current assets	6.8	7.3	6.7	8.4	7.4	12.0	10.6	7.5
Goodwill	3.3	3.3	3.3	3.4	3.4	1.3	1.3	1.2
Total assets	31.3	31.9	31.6	33.6	32.0	32.2	30.6	28.3
Accounts payable	1.6	1.8	1.9	1.9	1.9	1.7	1.7	1.8
Deferred revenue (current)	1.8	2.3	1.9	1.9	1.8	2.1	1.8	1.8
Total current liabilities	9.1	9.7	10.4	11.1	10.2	11.5	11.4	9.9
Short-term debt	1.2	1.2	2.2	2.7	1.5	1.5	2.0	1.5
Long-term debt	14.3	14.3	13.3	14.6	14.6	14.6	13.1	11.8
Total debt	15.6	15.6	15.6	17.3	16.1	16.1	15.1	13.3
Total liabilities	38.8	39.4	39.2	41.3	40.1	40.6	39.0	36.0
Shareholders' equity	−7.4	−7.5	−7.6	−7.7	−8.1	−8.4	−8.5	−7.7
Shares outstanding	1,134m	—	—	—	1,137m	—	—	—

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

Compare with peers

Head to head: MCD vs SBUX ARMK vs SBUX DRI vs SBUX

More: Restaurants stocks compared, Consumer Discretionary sector, rankings of US companies

Figures from Starbucks's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Starbucks.