Operating lease liabilities
Starbucks Operating lease liabilities decreased by 3.0% to -$446.10M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 37.6%, from -$324.20M to -$446.10M. Over 4 years (FY 2021 to FY 2025), Operating lease liabilities shows relatively stable performance with a 1.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
A decrease indicates the reduction of lease obligations through payments, while an increase reflects new lease commitments.
Detailed definition
Captures the change in the present value of future lease payments for operating assets. This reflects the company's ongo...
Peer comparison
Standard metric for retail companies with large store footprints; reflects the scale of leased versus owned property.
operating_increase_decrease_in_operating_lease_liabilityHistorical Data
| 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 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$353.50M | -$458.30M | -$363.30M | -$403.00M | -$435.10M | -$424.20M | -$281.40M | -$340.40M | -$434.30M | -$387.70M | -$290.50M | -$344.60M | -$414.60M | -$245.20M | -$510.20M | -$324.20M | -$309.60M | -$432.70M | -$433.20M | -$446.10M |
| QoQ Change | — | -29.6% | +20.7% | -10.9% | -8.0% | +2.5% | +33.7% | -21.0% | -27.6% | +10.7% | +25.1% | -18.6% | -20.3% | +40.9% | -108.1% | +36.5% | +4.5% | -39.8% | -0.1% | -3.0% |
| YoY Change | — | — | — | — | -23.1% | +7.4% | +22.5% | +15.5% | +0.2% | +8.6% | -3.2% | -1.2% | +4.5% | +36.8% | -75.6% | +5.9% | +25.3% | -76.5% | +15.1% | -37.6% |
Operating lease liabilities at Other Companies
Frequently Asked Questions
- What is Starbucks's operating lease liabilities?
- Starbucks (SBUX) reported operating lease liabilities of -$446.10M in Q1 2026.
- How has Starbucks's operating lease liabilities changed year-over-year?
- Starbucks's operating lease liabilities decreased by 37.6% year-over-year, from -$324.20M to -$446.10M.
- What is the long-term trend for Starbucks's operating lease liabilities?
- Over 4 years (2021 to 2025), Starbucks's operating lease liabilities has grown at a 1.5% compound annual growth rate (CAGR), from -$1.49B to -$1.58B.
- What does operating lease liabilities mean?
- The change in the company's total obligation for operating leases.