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Starbucks SBUX International — Operating Income (Loss)

Other segment segments

North America
$1.01B+9.8%
Corporate and Other
-$587.5M-23.9%
Channel Development
$306.2M+40.2%

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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 international — operating income (loss)?
Starbucks (SBUX) reported international — operating income (loss) of $252.8M in Q2 2026.
How has Starbucks's international — operating income (loss) changed year-over-year?
Starbucks's international — operating income (loss) decreased by 7.3% year-over-year, from $272.7M to $252.8M.
What is the long-term trend for Starbucks's international — operating income (loss)?
Over 4 years (2021 to 2025), Starbucks's international — operating income (loss) has grown at a -6.6% compound annual growth rate (CAGR), from $1.25B to $949.9M.
What does international — operating income (loss) mean?
This metric measures the profitability of the international business segment after deducting operating expenses from segment revenue. It serves as a primary indicator of the operational efficiency and market success of the company's international footprint.

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