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Starbucks SBUX Q3 2026 earnings

Reported July 29, 2026 · Before market open

Revenue$9.3BBeat by $148.2M
Adjusted EPS$0.85Beat by $0.20
Revenue estimate$9.2B
EPS estimate$0.65

Next report

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

Financials

Q3 2026

Income statement

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Revenue$9.3B-1.4%
Operating income$980.4M+4.8%
Net income$1.0B+87.2%
EPS (diluted)$0.91+85.7%

Balance sheet

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Cash & equivalents$3.4B-17.3%
Total debt$22.4B-19.6%
Total equity-$7.7B+0.2%
Total assets$28.3B-15.9%

Cash flow

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Operating cash flow$1.6B+63.9%
CapEx$291.4M-48.6%
Free cash flow$1.4B+211%

Valuation & ratios

Valuation

as of 08/27/26
See full
Market cap$123.68B+24.1%
Enterprise value$142.66B+15.7%
P/E62.4×+24.5×
P/S3.2×+0.5×

Profitability

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Operating margin7.8%-3.0pp
Net margin5.2%-2.0pp
FCF margin9.5%—

Returns & leverage

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Current ratio0.8×0.0×

Segments

By segment

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North America$7.4B+6.8%
International$1.3B-34.2%
Channel Development$587.9M+21.5%
Corporate and Other$17.1M-50.4%

By product

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Beverage (1)$5.4B-5.4%
Other (3)$2.0B+5.2%
Food (2)$1.9B+4.2%

By geography

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United States$7.4B+7.6%
China$68.7M-91.5%

FAQ

When did Starbucks report Q3 2026 earnings?
Starbucks (SBUX) reported Q3 2026 earnings on July 29, 2026 before market open.
What were Starbucks's Q3 2026 revenue and EPS?
Starbucks reported revenue of $9.3B and adjusted eps of $0.85 for Q3 2026.
Did Starbucks beat estimates in Q3 2026?
Revenue beat the consensus estimate of $9.2B by $148.2M. EPS beat the consensus estimate of $0.65 by $0.20.
How did Starbucks's Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 1.4% from $9.5B a year earlier.
Where can I find Starbucks's Q3 2026 SEC filings?
You can read the 8-K earnings release (0000829224-26-000129) and the 10-Q periodic report (0000829224-26-000130) directly on SEC EDGAR. The filing index links above go to sec.gov.