Starbucks income statement
In fiscal 2025, Starbucks reported revenue of $37.18bn, up 2.8% on the year before, operating income of $2.94bn (a 7.9% margin) and net income of $1.86bn, or $1.63 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9.8 | 10.7 | 11.7 | 13.3 | 14.9 | 16.4 | 19.2 | 21.3 | 22.4 | 24.7 | 26.5 | 23.5 | 29.1 | 32.3 | 36.0 | 36.2 | 37.2 | 38.3 |
| Cost of revenue | 4.3 | 4.4 | 4.9 | 5.8 | 6.4 | 6.9 | 7.8 | 8.5 | 7.1 | 7.9 | 8.5 | — | — | — | — | — | — | — |
| Gross profit | 5.4 | 6.3 | 6.8 | 7.5 | 8.5 | 9.6 | 11.4 | 12.8 | 15.3 | 16.8 | 18.0 | — | — | — | — | — | — | — |
| General and administrative | 0.5 | 0.7 | 0.7 | 0.8 | 0.9 | 1.0 | 1.2 | 1.4 | 1.4 | 1.7 | 1.8 | 1.7 | 1.9 | 2.0 | 2.4 | 2.5 | 2.6 | 2.5 |
| Operating income | 0.6 | 1.4 | 1.7 | 2.0 | −0.3 | 3.1 | 3.6 | 4.2 | 4.1 | 3.9 | 4.1 | 1.6 | 4.9 | 4.6 | 5.9 | 5.4 | 2.9 | 3.0 |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.4 | 0.5 | 0.5 | 0.6 | 0.6 | 0.5 | 0.6 |
| Income before tax | 0.6 | 1.4 | 1.8 | 2.1 | −0.2 | 3.2 | 3.9 | 4.2 | 4.3 | 5.8 | 4.5 | 1.2 | 5.4 | 4.2 | 5.4 | 5.0 | 2.5 | 3.1 |
| Income tax | 0.2 | 0.5 | 0.6 | 0.7 | −0.2 | 1.1 | 1.1 | 1.4 | 1.4 | 1.3 | 0.9 | 0.2 | 1.2 | 0.9 | 1.3 | 1.2 | 0.7 | 1.1 |
| Net income | 0.4 | 0.9 | 1.2 | 1.4 | 0.0 | 2.1 | 2.8 | 2.8 | 2.9 | 4.5 | 3.6 | 0.9 | 4.2 | 3.3 | 4.1 | 3.8 | 1.9 | 2.0 |
| Diluted EPS | $0.26 | $0.62 | $0.81 | $0.90 | $0.01 | $1.35 | $1.82 | $1.90 | $1.97 | $3.24 | $2.92 | $0.79 | $3.54 | $2.83 | $3.58 | $3.31 | $1.63 | $1.74 |
| Diluted shares (average) | 1,492m | 1,528m | 1,539m | 1,546m | 1,525m | 1,526m | 1,513m | 1,487m | 1,462m | 1,395m | 1,233m | 1,182m | 1,186m | 1,159m | 1,151m | 1,137m | 1,140m | 1,142m |
| EBITDA | 1.1 | 2.0 | 2.3 | 2.6 | 0.3 | 3.8 | 4.5 | 5.2 | 5.2 | 5.2 | 5.5 | 3.1 | 6.4 | 6.1 | 7.3 | 7.0 | 4.7 | 4.6 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9,074 | 9,398 | 8,762 | 9,456 | 9,569 | 9,915 | 9,532 | 9,323 |
| General and administrative | 645 | 666 | 632 | 677 | 642 | 639 | 618 | 599 |
| Operating income | 1,307 | 1,122 | 601 | 936 | 278 | 891 | 828 | 980 |
| Interest expense | 140 | 127 | 127 | 142 | 146 | 139 | 137 | 135 |
| Income before tax | 1,194 | 1,022 | 502 | 819 | 164 | 765 | 728 | 1,419 |
| Income tax | 284 | 241 | 118 | 260 | 31 | 472 | 217 | 374 |
| Net income | 909 | 781 | 384 | 558 | 133 | 293 | 511 | 1,045 |
| Diluted EPS | $0.80 | $0.69 | $0.34 | $0.49 | $0.12 | $0.26 | $0.45 | $0.91 |
| EBITDA | 1,708 | 1,554 | 1,020 | 1,363 | 734 | 1,323 | 1,192 | 1,342 |
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