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Starbucks SBUX Channel Development — Operating Income (Loss)

Other segment segments

North America
$1.01B+9.8%
Corporate and Other
-$587.5M-23.9%
International
$252.8M-7.3%

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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$120.67B+19.1%
Enterprise value$139.65B+11.7%
P/E60.9×+22.4×
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:OperatingIncomeLoss.

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
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
Interest expense(134.6)
Earnings before income taxes$1,419.3

Item 1.Financial Statements

FAQ

What is Starbucks's channel development — operating income (loss)?
Starbucks (SBUX) reported channel development — operating income (loss) of $306.2M in Q2 2026.
How has Starbucks's channel development — operating income (loss) changed year-over-year?
Starbucks's channel development — operating income (loss) increased by 40.2% year-over-year, from $218.4M to $306.2M.
What is the long-term trend for Starbucks's channel development — operating income (loss)?
Over 4 years (2021 to 2025), Starbucks's channel development — operating income (loss) has grown at a 2.9% compound annual growth rate (CAGR), from $789.2M to $885.2M.
What does channel development — operating income (loss) mean?
This metric measures the profitability of the Channel Development segment after deducting all operating expenses from segment revenue. It serves as the primary indicator of the segment's ability to generate profit from its packaged goods and beverage distribution activities.

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