What is Starbucks's deferred revenue?

Starbucks (SBUX) reported deferred revenue of $5.63B in Q2 2026.

How has Starbucks's deferred revenue changed year-over-year?

Starbucks's deferred revenue decreased by 3.3% year-over-year, from $5.83B to $5.63B.

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

Over 4 years (2021 to 2025), Starbucks's deferred revenue has grown at a -2.8% compound annual growth rate (CAGR), from $6.46B to $5.77B.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Starbucks SBUX Deferred Revenue

Deferred Revenue at other companies

EAT

Brinker InternationalEAT

$57M-4.2%

Chipotle Mexican GrillCMG

$218.8M+5.9%

Celsius Holdings, Inc.CELH

$26.87M+182%

Dutch BrosBROS

$56.52M+42.3%

BRCBRCC

$3.29M-13.9%

Restaurant Brands InternationalQSR

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Other financials

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

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Market cap$117.5B+11.2%

Enterprise value$136.49B+5.5%

P/E59.3×+19.1×

P/S3.1×+0.2×

Profitability

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Gross margin72.3%—

Operating margin7.8%-3.0pp

Net margin5.2%-2.0pp

FCF margin9.5%—

Returns & leverage

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Return on equity136.5%—

Debt / equity7.8×—

Current ratio0.8×0.0×

Where this comes from

Reported directly by Starbucks in its filing.

Tagged under the XBRL concept us-gaap:DeferredRevenueNoncurrent.

The official record: Starbucks’s 10-Q, filed July 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Starbucks's deferred revenue?: Starbucks (SBUX) reported deferred revenue of $5.63B in Q2 2026.
How has Starbucks's deferred revenue changed year-over-year?: Starbucks's deferred revenue decreased by 3.3% year-over-year, from $5.83B to $5.63B.
What is the long-term trend for Starbucks's deferred revenue?: Over 4 years (2021 to 2025), Starbucks's deferred revenue has grown at a -2.8% compound annual growth rate (CAGR), from $6.46B to $5.77B.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.