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Starbucks SBUX Operating margin

Operating margin at other companies

McDonald's logo
McDonald'sMCD
46.2%+0.4pp
EAT
Brinker InternationalEAT
10.4%+1.8pp
Chipotle Mexican Grill logo
Chipotle Mexican GrillCMG
14.7%-2.0pp
Celsius Holdings, Inc. logo
Celsius Holdings, Inc.CELH
7.7%
Keurig Dr Pepper logo
Keurig Dr PepperKDP
20.8%+3.9pp
Restaurant Brands International logo
Restaurant Brands InternationalQSR
24.7%-1.6pp

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$119.99B+17.6%
Enterprise value$138.97B+10.5%
P/E60.5×+21.8×
P/S3.1×+0.3×

Profitability

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Gross margin72.3%
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

Calculated from Starbucks’s reported figures.

Based on trailing twelve months.

The source filing: Starbucks’s 10-Q, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 5:17 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0000829224-26-000130

FAQ

What is Starbucks's operating margin?
Starbucks (SBUX) reported operating margin of 7.8% in Q2 2026.
How has Starbucks's operating margin changed year-over-year?
Starbucks's operating margin decreased by 28.1% year-over-year, from 10.8% to 7.8%.
What is the long-term trend for Starbucks's operating margin?
Over 4 years (2021 to 2025), Starbucks's operating margin has grown at a -17.2% compound annual growth rate (CAGR), from 16.8% to 7.9%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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