Starbucks (SBUX) Gross Margin (2009 - 2026)
Starbucks (SBUX) posted quarterly Gross Margin of 69.66% for 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.
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.
- In Q2 2026, Gross Margin rose 91.0% year-over-year to 69.66%; the TTM figure through Jun 2026 stood at 67.7% (down 123.0% YoY), while the FY2025 annual figure was 68.65%, down 45.0% from the prior year.
- Gross Margin advanced to 69.66% in Q2 2026 per SBUX's latest filing, from 66.34% in the prior quarter.
- Across five years, Gross Margin topped out at 69.93% in Q2 2024 and bottomed at 66.34% in Q1 2026.
- Historically, Gross Margin has averaged 68.37% across 5 years, with a median of 68.61% in 2022.
- Annual changes were most pronounced in 2022 — Gross Margin sank 264 bps — and 2024, when it soared 120 bps.
- Starbucks' Gross Margin stood at 67.78% in 2022, then increased by 1 bps to 68.38% in 2023, then grew by 1 bps to 69.21% in 2024, then fell by 3 bps to 66.98% in 2025, then advanced by 4 bps to 69.66% in 2026.
- Business Quant data shows SBUX's Gross Margin at 69.66% in Q2 2026, 66.34% in Q1 2026, and 66.98% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn | 90.42% |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn | 69.66% |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn | 70.33% |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn | 67.73% |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn | 74.80% |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn | 98.84% |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 74.80% |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn | 70.75% |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn | 85.89% |
| 10 | Dominos Pizza | 11.46 Bn | 11.32 Bn | 478.23 Mn | 40.04% |
Historic Data
Download 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% |