Investing
CapEx
Starbucks CapEx decreased by 53.3% to $323.70M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 53.3%, from $692.90M to $323.70M.
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:
cf_capital_expendituresHistorical Data
5 periods
| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $416.80M | $516.80M | $595.90M | $692.90M | $323.70M |
| QoQ Change | — | +24.0% | +15.3% | +16.3% | -53.3% |
| YoY Change | — | +24.0% | +15.3% | +16.3% | -53.3% |
Range$323.70M – $692.90M
CAGR-22.3%
Avg YoY Growth+0.6%
Median YoY Growth+15.8%
CapEx at Other Companies
Frequently Asked Questions
- What is Starbucks's capex?
- Starbucks (SBUX) reported capex of $323.70M in Q4 2025.
- How has Starbucks's capex changed year-over-year?
- Starbucks's capex decreased by 53.3% year-over-year, from $692.90M to $323.70M.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.