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Starbucks SBUX Q2 2026 earnings

Reported April 28, 2026 · After market close

Revenue$9.5BBeat by $362.6M
EPS$0.50Beat by $0.07
Revenue estimate$9.2B
EPS estimate$0.43
“Our second quarter marked the turn in our turnaround as our Back to Starbucks plan drove both top and bottom line growth, This is the Starbucks our customers deserve and the Starbucks we believe will deliver long-term growth and value for our partners and shareholders as we execute consistently, at-scale.”
Brian Niccol

Next report

Oct 28, 2026 (In 2 weeks)
Revenue estimate$9.2B
EPS estimate$0.71

Financials

Q2 2026

Income statement

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Revenue$9.5B+8.8%
Operating income$828.1M+37.8%
Net income$510.9M+33.0%
EPS (diluted)$0.45+32.4%

Balance sheet

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Cash & equivalents$1.5B-42.7%
Total debt$24.4B-6.2%
Total equity-$8.5B-11.1%
Total assets$30.6B-3.4%

Cash flow

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Operating cash flow$364.5M+24.8%
CapEx$272.7M-53.7%
Free cash flow$91.8M—

Valuation & ratios

Valuation

as of 03/29/26
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Market cap$102.07B-8.4%
Enterprise value$124.93B-7.3%
P/E68.2×+32.6×
P/S2.7×-0.4×

Profitability

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Operating margin7.6%-4.9pp
Net margin3.9%-4.7pp
FCF margin7.1%—

Returns & leverage

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Current ratio0.9×+0.3×

Segments

By segment

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North America$6.9B+6.5%
International$2.1B+9.9%
Channel Development$567.8M+38.8%
Corporate and Other$18.8M+46.9%

By product

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Beverage (1)$5.7B+6.9%
Other (3)$2.0B+15.0%
Food (2)$1.8B+8.2%

FAQ

When did Starbucks report Q2 2026 earnings?
Starbucks (SBUX) reported Q2 2026 earnings on April 28, 2026 after market close.
What were Starbucks's Q2 2026 revenue and EPS?
Starbucks reported revenue of $9.5B and eps of $0.50 for Q2 2026.
Did Starbucks beat estimates in Q2 2026?
Revenue beat the consensus estimate of $9.2B by $362.6M. EPS beat the consensus estimate of $0.43 by $0.07.
How did Starbucks's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.8% from $8.8B a year earlier and eps grew 22.0% from $0.41.
Where can I find Starbucks's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000829224-26-000078) and the 10-Q periodic report (0000829224-26-000080) directly on SEC EDGAR. The filing index links above go to sec.gov.