Income StatementBalance SheetCash FlowSegments
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Starbucks Business Segments

Business, geographic, and product segment breakdowns

Starbucks generates $38.5B in annual revenue across 4 key segments: Channel Development ($2.1B), Corporate and Other ($154.4M), International ($8.2B), and North America ($28.0B). The company-wide operating margin is 7.62%. Based on the Q1 2026 filing.

Channel Development (TTM)$2.1BCorporate and Other (TTM)$154.4MInternational (TTM)$8.2BNorth America (TTM)$28.0B
Latest FilingQ1 2026
Report Date2026-04-28
Market Cap$117.51B
P/E Ratio78.57
ROE-18.59%

Products & Services

Concentration Risk, Percentage

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Beverage (1)60.0%60.0%61.0%—60.0%59.0%
Other (3)21.0%21.0%20.0%—21.0%22.0%
Food (2)19.0%19.0%19.0%—19.0%19.0%

Revenue

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Beverage (1)$5.7B$5.3B$5.8B$5.8B$5.9B$5.7B
Other (3)$1.9B$1.8B$1.9B$2.0B$2.1B$2.0B
Food (2)$1.8B$1.7B$1.8B$1.8B$1.9B$1.8B
Company-Operated Stores$7.7B$7.7B$7.7B$7.7B——
Licensed Stores$1.1B$1.1B$1.1B$1.1B——

Deferred Revenue

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Revenue Recognition Period Stored Value Cards and Loyalty Program Breakage$2.2B$1.9B$1.8B$1.8B$2.1B$1.8B

Deferred Revenue, Additions

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Revenue Recognition Period Stored Value Cards and Loyalty Program Breakage$4.4B$3.5B$3.8B$3.6B$4.4B$3.6B

Deferred Revenue, Other

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Revenue Recognition Period Stored Value Cards and Loyalty Program Breakage-$27.1M$6.2M$15.3M-$7.7M-$1.3M-$4.4M

Deferred Revenue, Revenue Recognized, Including Opening Balance Sheet Amounts

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Revenue Recognition Period Stored Value Cards and Loyalty Program Breakage-$3.9B-$3.9B$3.8B$3.7B-$3.8B-$3.9B

Deferred Revenue, Current

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Stored Value Cards and Loyalty Program Breakage in Prior Year$2.1B$1.7B——$1.9B$1.6B

Geographic

Long-lived assets:

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
United States———$16.0B$15.7B$15.6B
China———$4.3B$173.9M$170.6M

Total net revenues

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
United States$7.0B$6.4B——$7.2B$6.9B
China$756.7M$752.1M——$835.6M$809.2M

Long-Lived Assets

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Other countries———$4.4B$4.3B$4.2B

Revenue

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Other countries$1.7B$1.6B——$1.8B$1.8B

Business Segments

Amortization of ROU lease assets and other lease exit costs

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
International$900.0K$900.0K$900.0K$900.0K$41.7M$5.5M
North America$58.9M$58.9M$58.9M$58.9M$7.2M-$2.5M
Channel Development$0.0$0.0$0.0$0.0$0.0$0.0
Corporate and Other$0.0$0.0$0.0$0.0$0.0$0.0

Costs and Expenses

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
North America$5.9B$5.7B——$6.4B$6.2B
International$1.6B$1.6B——$1.8B$1.7B
Corporate and Other$523.0M$570.6M——$521.7M$499.1M
Channel Development$275.2M$274.8M——$367.9M$388.8M

Depreciation, Depletion and Amortization

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
North America$289.0M$299.2M$303.5M$304.7M$298.8M$299.5M
International$89.1M$89.0M$91.4M$94.4M$70.1M$32.6M
Corporate and Other$29.5M$30.7M$32.7M$31.6M$32.0M$31.3M
Channel Development$0.0$0.0$0.0$0.0$0.0$0.0

Disposal and impairment of store assets

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
North America$78.4M$78.4M$78.4M$78.4M$24.8M$14.2M
International$9.8M$9.8M$9.8M$9.8M$0.0$100.0K
Channel Development$0.0$0.0$0.0$0.0$0.0$0.0
Corporate and Other$0.0$0.0$0.0$0.0$0.0$0.0

Disposal Group, Goodwill

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
International————$2.1B$2.1B
Channel Development————$0.0$0.0
Corporate and Other————$0.0$0.0
North America————$0.0$0.0

Employee severance, separation costs, and other

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Corporate and Other$38.6M$38.6M$38.6M$38.6M$4.2M$11.1M
North America$26.0M$26.0M$26.0M$26.0M$8.0M-$6.4M
International$10.0M$10.0M$10.0M$10.0M$1.9M$3.2M
Channel Development$475.0K$475.0K$475.0K$475.0K$300.0K-$100.0K

General and Administrative Expense

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Corporate and Other$474.1M$449.7M——$447.3M$436.0M
North America$97.3M$96.6M——$94.3M$92.4M
International$92.4M$84.8M——$96.0M$89.0M
Channel Development$2.0M$1.2M——$1.2M$700.0K

Goodwill

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
International$2.8B$2.8B$2.9B$2.8B$784.3M$768.6M
North America$489.7M$489.9M$491.1M$490.6M$491.1M$490.8M
Channel Development$34.7M$34.7M$34.7M$34.7M$34.7M$34.7M
Corporate and Other$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M

Goodwill, Other Increase (Decrease)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
International-$134.1M——-$14.9M$14.8M$11.2M
Channel Development$0.0$0.0$0.0$0.0$0.0$0.0
Corporate and Other$0.0$0.0$0.0$0.0$0.0$0.0
North America-$1.8M——-$500.0K$500.0K—

Income (Loss) from Equity Method Investments

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Channel Development$46.9M$59.3M$58.4M$84.8M$61.0M$50.9M
International-$400.0K-$200.0K-$1.3M$0.0-$400.0K-$100.0K
Corporate and Other$0.0$0.0$0.0$0.0$0.0$0.0
North America$0.0$0.0$0.0$0.0$0.0$0.0

Operating Income (Loss)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
North America$1.2B$748.3M$918.7M$308.4M$867.0M$679.9M
Corporate and Other-$504.7M-$557.8M-$474.2M-$518.6M-$474.7M-$480.3M
International$237.1M$217.0M$272.7M$223.1M$282.7M$398.6M
Channel Development$208.0M$193.5M$218.4M$265.3M$215.8M$229.9M

Other Cost and Expense, Operating

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
North America$78.4M$68.6M——$59.8M$56.0M
International$60.7M$55.1M——$56.8M$55.6M
Channel Development$13.4M$15.0M——$13.8M$17.7M
Corporate and Other$0.0$0.0——$800.0K$1.2M

Product and distribution costs

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
North America$2.0B$1.8B——$2.1B$2.1B
International$647.0M$659.8M——$748.1M$749.7M
Channel Development$259.8M$257.7M——$352.6M$370.5M
Corporate and Other$19.4M$13.0M——$37.4M$19.5M

Restructuring and impairments

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Corporate and Other$0.0$77.2M——$4.2M$11.1M
International$0.0$16.8M——$43.6M$8.8M
North America$0.0$21.3M——$40.0M$5.3M
Channel Development$0.0$900.0K——$300.0K-$100.0K

Revenue

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
North America$7.1B$6.5B$6.9B$6.9B$7.3B$6.9B
International$1.9B$1.9B$2.0B$2.1B$2.1B$2.1B
Channel Development$436.3M$409.0M$483.8M$542.7M$522.7M$567.8M
Corporate and Other$18.3M$12.8M$34.5M$54.1M$47.0M$18.8M

Store operating expenses

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
North America$3.5B$3.4B——$3.8B$3.7B
International$744.6M$744.4M——$767.2M$716.7M
Channel Development$0.0$0.0——$0.0$0.0
Corporate and Other$0.0$0.0——$0.0$0.0