Starbucks (SBUX) Gross Margin (2009 - 2026)
Starbucks (SBUX) reported Gross Margin of 98.63% for Q1 2026, up 2988.0% year-over-year from 3.19% in Q1 2025, and little changed on a QoQ basis from 98.68% in Q4 2025.
Starbucks (SBUX) has 18 years of Gross Margin data on file, last reported at 98.63% in Q1 2026.
- Quarterly Gross Margin rose 2988.0% year-over-year to 98.63% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 83.65% (up 1442.0% YoY) and the FY2025 annual result came in at 68.65%, down 45.0% from the prior year.
- Gross Margin held at 98.63% in Q1 2026 per SBUX's latest filing, from 98.68% in the prior quarter.
- Across five years, Gross Margin topped out at 98.74% in Q1 2022 and bottomed at 18.6% in Q4 2022.
- The 5-year median for Gross Margin is 69.12% (2024), against an average of 75.48%.
- The widest annual swing landed in 2022, when Gross Margin sank 8802 bps; it then jumped 8731 bps in 2023.
- Tracing SBUX's Gross Margin over 5 years: stood at 18.6% in 2022, then soared by 468 bps to 68.38% in 2023, then gained by 1 bps to 69.21% in 2024, then jumped by 43 bps to 98.68% in 2025, then decreased by 0 bps to 98.63% in 2026.
- Per Business Quant, the three latest SBUX Gross Margin figures stand at 98.63% (Q1 2026), 98.68% (Q4 2025), and 67.9% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | 98.63% |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | 67.12% |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | 84.44% |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | 94.61% |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | 98.82% |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | 99.05% |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | 86.00% |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | 40.37% |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | 290.04% |
| 10 | Dutch Bros | 7.47 Bn | 7.43 Bn | 107.48 Mn | 23.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 29, 2026 | 98.63% |
| Dec 28, 2025 | 98.68% |
| Sep 28, 2025 | 67.90% |
| Jun 29, 2025 | 68.74% |
| Mar 30, 2025 | 68.75% |
| Dec 29, 2024 | 69.21% |
| Sep 29, 2024 | 69.03% |
| Jun 30, 2024 | 69.93% |
| Mar 31, 2024 | 98.45% |
| Dec 31, 2023 | 68.38% |
| Oct 1, 2023 | 68.71% |
| Jul 2, 2023 | 68.76% |
| Apr 2, 2023 | 98.55% |
| Jan 1, 2023 | 67.75% |
| Oct 2, 2022 | -18.60% |
| Jul 3, 2022 | 98.34% |
| Apr 3, 2022 | 98.67% |
| Jan 2, 2022 | 98.74% |
| Oct 3, 2021 | 69.42% |
| Jun 27, 2021 | 99.05% |
| Mar 28, 2021 | 70.12% |
| Dec 27, 2020 | 69.64% |
| Sep 27, 2020 | 68.13% |
| Jun 28, 2020 | 96.84% |
| Mar 29, 2020 | 98.42% |
| Dec 29, 2019 | 68.49% |
| Sep 29, 2019 | -22.24% |
| Jun 30, 2019 | 98.62% |
| Mar 31, 2019 | 98.62% |
| Dec 30, 2018 | 67.20% |
| Sep 30, 2018 | -19.74% |
| Jul 1, 2018 | 97.90% |
| Apr 1, 2018 | 58.31% |
| Dec 31, 2017 | 58.81% |
| Oct 1, 2017 | -16.58% |
| Jul 2, 2017 | 60.27% |
| Apr 2, 2017 | 97.46% |
| Jan 1, 2017 | 97.46% |
| Oct 2, 2016 | 98.67% |
| Jun 26, 2016 | 97.37% |
| Mar 27, 2016 | 59.74% |
| Dec 27, 2015 | 97.28% |
| Sep 27, 2015 | 97.40% |
| Jun 28, 2015 | 59.97% |
| Mar 29, 2015 | 97.07% |
| Dec 28, 2014 | 58.54% |
| Sep 28, 2014 | 97.35% |
| Jun 29, 2014 | 58.80% |
| Mar 30, 2014 | 97.14% |
| Dec 29, 2013 | 57.66% |
| Sep 29, 2013 | 97.33% |
| Jun 30, 2013 | 97.35% |
| Mar 31, 2013 | 97.02% |
| Dec 30, 2012 | 57.27% |
| Sep 30, 2012 | -64.46% |
| Jul 1, 2012 | 95.95% |
| Apr 1, 2012 | 44.00% |
| Jan 1, 2012 | 45.23% |
| Oct 2, 2011 | -52.60% |
| Jul 3, 2011 | 95.86% |
| Apr 3, 2011 | 95.69% |
| Jan 2, 2011 | 51.36% |
| Oct 3, 2010 | 374.77% |
| Jun 27, 2010 | 50.78% |
| Mar 28, 2010 | 97.10% |
| Dec 27, 2009 | 83.27% |
| Sep 27, 2009 | 143.26% |
| Jun 28, 2009 | 48.19% |
| Mar 29, 2009 | 82.77% |