Starbucks (SBUX) Gross Margin (2009 - 2026)
Starbucks' (SBUX) quarterly Gross Margin came in at 69.66% in Q2 2026, up 91.0% year-over-year from 36.47% in Q2 2025, and up 5.01% quarter-over-quarter from 66.34% in Q1 2026.
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Starbucks (SBUX) Gross Margin (2009 - 2026) Analysis & Trends
Starbucks (SBUX) has reported Gross Margin for 18 consecutive years, with 69.66% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin rose 91.0% year-over-year to 69.66% in Q2 2026; TTM through Jun 2026 was 67.7%, a 123.0% decrease from a year earlier, with the FY2025 full-year figure at 68.65%, down 45.0% from the prior year.
- Gross Margin was 69.66% for Q2 2026 at Starbucks, up from 66.34% in the prior quarter.
- Over five years, Gross Margin peaked at 69.93% in Q2 2024 and troughed at 66.34% in Q1 2026.
- A 5-year average of 68.37% and a median of 68.61% in 2022 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin slumped 264 bps in 2022 and surged 120 bps in 2024, its largest moves.
- Over 5 years, Gross Margin stood at 67.78% in 2022, then climbed by 1 bps to 68.38% in 2023, then advanced by 1 bps to 69.21% in 2024, then dropped by 3 bps to 66.98% in 2025, then rose by 4 bps to 69.66% in 2026.
- The last three Gross Margin figures came in at 69.66% (Q2 2026), 66.34% (Q1 2026), and 66.98% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 168.67 Bn | 167.85 Bn | 6.42 Bn | 90.42% |
| 2 | Starbucks | 107.32 Bn | 103.72 Bn | 6.49 Bn | 69.66% |
| 3 | Chipotle Mexican Grill | 41.40 Bn | 40.73 Bn | 2.35 Bn | 70.33% |
| 4 | Yum Brands | 38.39 Bn | 37.72 Bn | 1.47 Bn | 67.73% |
| 5 | Restaurant Brands International | 25.02 Bn | 25.51 Bn | 1.89 Bn | 74.80% |
| 6 | Darden Restaurants | 24.39 Bn | 24.17 Bn | 3.68 Bn | 98.84% |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 15.95 Bn | 1.89 Bn | 74.80% |
| 8 | Yum China Holdings | 14.09 Bn | 13.41 Bn | 2.22 Bn | 70.75% |
| 9 | Texas Roadhouse | 10.81 Bn | 10.63 Bn | 1.44 Bn | 85.89% |
| 10 | Dominos Pizza | 9.81 Bn | 9.60 Bn | 478.23 Mn | 40.04% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 69.66% |
| Mar 29, 2026 | 66.34% |
| Dec 28, 2025 | 66.98% |
| 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 | 69.07% |
| Dec 31, 2023 | 68.38% |
| Oct 1, 2023 | 68.71% |
| Jul 2, 2023 | 68.76% |
| Apr 2, 2023 | 67.87% |
| Jan 1, 2023 | 67.75% |
| Oct 2, 2022 | 67.78% |
| Jul 3, 2022 | 67.93% |
| Apr 3, 2022 | 67.71% |
| Jan 2, 2022 | 68.61% |
| Oct 3, 2021 | 69.42% |
API Access
Starbucks Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=SBUX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "SBUX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=SBUX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();