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Starbucks SBUX North America — Operating Income (Loss)

Other segment segments

Corporate and Other
-$587.5M-23.9%
Channel Development
$306.2M+40.2%
International
$252.8M-7.3%

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$1.7B+4.6%

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 north america — operating income (loss)?
Starbucks (SBUX) reported north america — operating income (loss) of $1.01B in Q2 2026.
How has Starbucks's north america — operating income (loss) changed year-over-year?
Starbucks's north america — operating income (loss) increased by 9.8% year-over-year, from $918.7M to $1.01B.
What is the long-term trend for Starbucks's north america — operating income (loss)?
Over 4 years (2021 to 2025), Starbucks's north america — operating income (loss) has grown at a -7.2% compound annual growth rate (CAGR), from $4.26B to $3.16B.
What does north america — operating income (loss) mean?
This metric measures the profitability of the North American segment after deducting operating expenses from total segment revenue. It serves as a primary indicator of the core operational health and competitive strength of the domestic business. Investors use this to assess the segment's ability to generate sustainable profit from its core coffee and beverage operations.

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