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Starbucks SBUX Channel Development — Total Costs & Expenses

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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$120.84B+19.5%
Enterprise value$139.82B+12.0%
P/E61×+22.5×
P/S3.2×+0.4×

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:CostsAndExpenses.

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

Filed
Jul 29, 2026, 5:17 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0000829224-26-000130
Quarter Ended / June 28, 2026North AmericaInternationalChannel DevelopmentCorporate and OtherTotal
Depreciation and amortization expenses298.333.130.2361.6
General and administrative expenses95.939.10.8463.0598.8
Restructuring and impairments174.341.1(0.2)87.4302.6
Total operating expenses6,386.21,092.6337.5604.68,420.9
Income from equity method investees22.855.878.6
Operating income/(loss)$1,008.9$252.8$306.2$(587.5)$980.4
Net gain resulting from divestiture of certain operations536.3
Interest income and other, net37.2

Item 1.Financial Statements

FAQ

What is Starbucks's channel development — total costs & expenses?
Starbucks (SBUX) reported channel development — total costs & expenses of $337.5M in Q2 2026.
How has Starbucks's channel development — total costs & expenses changed year-over-year?
Starbucks's channel development — total costs & expenses increased by 4.2% year-over-year, from $323.8M to $337.5M.
What is the long-term trend for Starbucks's channel development — total costs & expenses?
Over 2 years (2023 to 2025), Starbucks's channel development — total costs & expenses has grown at a -3.0% compound annual growth rate (CAGR), from $1.31B to $1.24B.
What does channel development — total costs & expenses mean?
This metric aggregates all operating costs incurred by the Channel Development segment, including cost of goods sold, marketing, and administrative expenses. It reflects the total investment required to produce and distribute packaged coffee and ready-to-drink beverages through retail and wholesale channels.

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