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Starbucks SBUX China — Total net revenues

Other geography segments

United States
$7.38B+7.6%

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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:Revenues.

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
Line itemQuarter Ended / Jun 28, 2026Quarter Ended / Jun 29, 2025Three Quarters Ended / Jun 28, 2026Three Quarters Ended / Jun 29, 2025
Net revenues (1):
United States$7,381.5$6,860.1$21,555.8$20,244.9
China68.7807.21,713.52,316.1
Other countries1,872.51,788.75,500.05,054.4
Total$9,322.7$9,456.0$28,769.3$27,615.4
Jun 28, 2026Sep 28, 2025
Long-lived assets:
United States$15,348.1$15,952.7

Item 1.Financial Statements

FAQ

What is Starbucks's china — total net revenues?
Starbucks (SBUX) reported china — total net revenues of $68.7M in Q2 2026.
How has Starbucks's china — total net revenues changed year-over-year?
Starbucks's china — total net revenues decreased by 91.5% year-over-year, from $807.2M to $68.7M.
What is the long-term trend for Starbucks's china — total net revenues?
Over 4 years (2021 to 2025), Starbucks's china — total net revenues has grown at a -3.7% compound annual growth rate (CAGR), from $3.67B to $3.16B.
What does china — total net revenues mean?
This metric represents the total revenue generated from company-operated stores, licensed stores, and other business activities within the China geographic market. It serves as a key indicator of brand penetration, consumer demand, and operational scale in one of the company's most critical international growth regions. Tracking this figure allows investors to evaluate the performance of the regional business unit independent of global operations.

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