Investing
CapEx
Starbucks CapEx decreased by 15.8% to $272.70M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 53.7%, from $589.20M to $272.70M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 11.9% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
capital_expendituresHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $337.80M | $484.30M | $416.80M | $455.10M | $423.50M | $545.90M | $516.80M | $485.20M | $632.10M | $699.50M | $595.90M | $659.10M | $724.30M | $798.20M | $692.90M | $589.20M | $567.40M | $456.00M | $323.70M | $272.70M |
| QoQ Change | — | +43.4% | -13.9% | +9.2% | -6.9% | +28.9% | -5.3% | -6.1% | +30.3% | +10.7% | -14.8% | +10.6% | +9.9% | +10.2% | -13.2% | -15.0% | -3.7% | -19.6% | -29.0% | -15.8% |
| YoY Change | — | — | — | — | +25.4% | +12.7% | +24.0% | +6.6% | +49.3% | +28.1% | +15.3% | +35.8% | +14.6% | +14.1% | +16.3% | -10.6% | -21.7% | -42.9% | -53.3% | -53.7% |
Range$272.70M – $798.20M
CAGR-4.4%
Avg YoY Growth+3.8%
Median YoY Growth+14.3%
Current Streak6 quarters decline
CapEx at Other Companies
Frequently Asked Questions
- What is Starbucks's capex?
- Starbucks (SBUX) reported capex of $272.70M in Q1 2026.
- How has Starbucks's capex changed year-over-year?
- Starbucks's capex decreased by 53.7% year-over-year, from $589.20M to $272.70M.
- 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?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.