Starbucks (SBUX) Gross Margin (2009 - 2026)

Starbucks (SBUX) has 18 years of Gross Margin data on file, last reported at 98.63% in Q1 2026.

• Gross Margin for Q1 2026 came in at 98.63%, up 2988.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 83.65% (up 1442.0% YoY), and the FY2025 annual result was 68.65%, down 45.0% from the prior year.
• Gross Margin steadied at 98.63% in Q1 2026 per SBUX's latest filing, from 98.68% in the prior quarter.
• Over five years, Gross Margin peaked at 98.74% in Q1 2022 and troughed at 18.6% in Q4 2022.
• A 5-year average of 75.48% and a median of 69.12% in 2024 frame the typical range for Gross Margin.
• The sharpest annual moves came in 2022 and 2023: Gross Margin tumbled 8802 bps in 2022, then soared 8731 bps in 2023.
• A 5-year view of Gross Margin shows it stood at 18.6% in 2022, then surged by 468 bps to 68.38% in 2023, then climbed by 1 bps to 69.21% in 2024, then soared by 43 bps to 98.68% in 2025, then dropped by 0 bps to 98.63% in 2026.
• Business Quant data shows SBUX's Gross Margin at 98.63% in Q1 2026, 98.68% in Q4 2025, and 67.9% in Q3 2025.