Starbucks cash flow statement

In fiscal 2025, Starbucks's operations generated $4.75bn of cash; it spent $2.31bn on capital projects, leaving free cash flow of $2.44bn. It returned $2.77bn in dividends.

Cash flow statement

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

Starbucks: cash flow statement, 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 from operations	1.4	1.7	1.6	1.8	2.9	0.6	3.7	4.7	4.3	11.9	5.0	1.6	6.0	4.4	6.0	6.1	4.7	5.0
Depreciation and amortisation	0.6	0.5	0.6	0.6	0.7	0.7	0.9	1.0	1.1	1.3	1.4	1.5	1.5	1.5	1.5	1.6	1.8	1.6
Stock-based pay	0.1	0.1	0.1	0.2	0.1	0.2	0.2	0.2	0.2	0.3	0.3	0.2	0.3	0.3	0.3	0.3	0.3	0.4
Capital spending	0.4	0.4	0.5	0.9	1.2	1.2	1.3	1.4	1.5	2.0	1.8	1.5	1.5	1.8	2.3	2.8	2.3	1.3
Free cash flow	0.9	1.3	1.1	0.9	1.8	−0.6	2.4	3.3	2.7	10.0	3.2	0.1	4.5	2.6	3.7	3.3	2.4	3.6
Free cash flow after stock pay	0.9	1.1	0.9	0.7	1.6	−0.7	2.2	3.0	2.6	9.7	2.9	−0.1	4.2	2.3	3.4	3.0	2.1	3.3
Dividends paid	0.0	0.2	0.4	0.5	0.6	0.8	0.9	1.2	1.5	1.7	1.8	1.9	2.1	2.3	2.4	2.6	2.8	2.8
Share buybacks	0.0	0.3	0.6	0.5	0.6	0.8	1.4	2.0	2.0	7.1	10.2	1.7	0.0	4.0	1.0	1.3	0.0	—
Shares issued	0.1	—	0.3	0.2	0.2	0.1	0.2	0.2	0.2	0.2	0.4	0.3	0.2	0.1	0.2	0.1	0.1	0.1

US$ millions unless shown otherwise. Fiscal quarters.

Starbucks: cash flow statement, 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
Cash from operations	1,536	2,072	292	1,002	1,382	1,598	365	1,642
Depreciation and amortisation	401	432	419	428	456	432	363	362
Stock-based pay	72	101	78	66	74	126	93	71
Capital spending	798	693	589	567	456	324	273	291
Free cash flow	737	1,379	−297	434	926	1,274	92	1,351
Free cash flow after stock pay	666	1,279	−375	368	852	1,148	−1	1,279
Shares issued	29	17	27	15	17	18	19	15

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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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.