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Starbucks SBUX Q1 2026 earnings

Reported January 28, 2026 · Before market open

Revenue$9.9BBeat by $260.9M
EPS$0.56Miss by $0.03
Revenue estimate$9.7B
EPS estimate$0.59

Next report

Oct 28, 2026 (in 2 months)
Revenue estimate$9.2B
EPS estimate$0.71

Financials

Q1 2026

Income statement

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Revenue$9.9B+5.5%
Operating income$890.8M-20.6%
Net income$293.3M-62.4%
EPS (diluted)$0.26-62.3%

Balance sheet

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Cash & equivalents$3.4B-7.0%
Total debt$25.5B-1.5%
Total equity-$8.4B-12.3%
Total assets$32.2B+1.1%

Cash flow

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Operating cash flow$1.6B-22.9%
CapEx$323.7M-53.3%
Free cash flow$1.3B-7.6%

Valuation & ratios

Valuation

as of 12/28/25
See full
Market cap$95.76B-7.4%
Enterprise value$117.81B-6.2%
P/E69.9×+40.5×
P/S2.5×-0.3×

Profitability

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Operating margin7.2%-6.8pp
Net margin3.6%-6.1pp

Returns & leverage

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Current ratio1×+0.3×

Segments

By segment

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North America$7.3B+2.9%
International$2.1B+10.3%
Channel Development$522.7M+19.8%
Corporate and Other$47.0M+157%

By product

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Beverage (1)$5.9B+4.7%
Other (3)$2.1B+8.3%
Food (2)$1.9B+5.1%

FAQ

When did Starbucks report Q1 2026 earnings?
Starbucks (SBUX) reported Q1 2026 earnings on January 28, 2026 before market open.
What were Starbucks's Q1 2026 revenue and EPS?
Starbucks reported revenue of $9.9B and eps of $0.56 for Q1 2026.
Did Starbucks beat estimates in Q1 2026?
Revenue beat the consensus estimate of $9.7B by $260.9M. EPS missed the consensus estimate of $0.59 by $0.03.
How did Starbucks's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 5.5% from $9.4B a year earlier and eps declined 18.8% from $0.69.
Where can I find Starbucks's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000829224-26-000010) and the 10-Q periodic report (0000829224-26-000011) directly on SEC EDGAR. The filing index links above go to sec.gov.