What is Starbucks's capex?

Starbucks (SBUX) reported capex of $272.7M in Q1 2026.

How has Starbucks's capex changed year-over-year?

Starbucks's capex decreased by 53.7% year-over-year, from $589.2M to $272.7M.

What is the long-term trend for Starbucks's capex?

Over 4 years (2021 to 2025), Starbucks's capex has grown at a 11.9% compound annual growth rate (CAGR), from $1.47B to $2.31B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Starbucks SBUX CapEx

CapEx at other companies

McDonald'sMCD

$682M+23.8%

EAT

Brinker InternationalEAT

$51.2M-35.7%

Chipotle Mexican GrillCMG

$180.33M+24.5%

Celsius Holdings, Inc.CELH

$7.92M+14.0%

Keurig Dr PepperKDP

$116M-3.3%

Restaurant Brands InternationalQSR

$58M-9.4%

Other financials

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%

Free cash flow$91.8M—

Valuation

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Market cap$117.57B+14.6%

Enterprise value$140.43B+11.3%

P/E78.6×+39.7×

P/S3.1×+0.3×

Profitability

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Gross margin72.3%—

Operating margin7.6%-4.9pp

Net margin3.9%-4.7pp

FCF margin7.1%—

Returns & leverage

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Return on equity136.5%—

Debt / equity7.8×—

Current ratio0.9×+0.3×

Where this comes from

Reported directly by Starbucks in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Starbucks’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Starbucks's capex?: Starbucks (SBUX) reported capex of $272.7M in Q1 2026.
How has Starbucks's capex changed year-over-year?: Starbucks's capex decreased by 53.7% year-over-year, from $589.2M to $272.7M.
What is the long-term trend for Starbucks's capex?: Over 4 years (2021 to 2025), Starbucks's capex has grown at a 11.9% compound annual growth rate (CAGR), from $1.47B to $2.31B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.