Starbucks (SBUX) Net Margin (2009 - 2026)
Starbucks (SBUX) reported Net Margin of 5.36% for Q1 2026, up 98.0% year-over-year from 2.71% in Q1 2025, and up 81.23% on a QoQ basis from 2.96% in Q4 2025.
Starbucks (SBUX) has 18 years of Net Margin data on file, last reported at 5.36% in Q1 2026.
- Quarterly Net Margin rose 98.0% year-over-year to 5.36% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 3.89% (down 472.0% YoY) and the FY2025 annual result came in at 4.99%, down 541.0% from the prior year.
- Net Margin grew to 5.36% in Q1 2026 per SBUX's latest filing, from 2.96% in the prior quarter.
- Across five years, Net Margin topped out at 13.01% in Q4 2023 and bottomed at 1.39% in Q3 2025.
- The 5-year median for Net Margin is 9.92% (2023), against an average of 8.67%.
- The widest annual swing landed in 2022, when Net Margin sank 1122 bps; it then surged 257 bps in 2023.
- Tracing SBUX's Net Margin over 5 years: stood at 10.44% in 2022, then advanced by 4 bps to 10.87% in 2023, then fell by 24 bps to 8.31% in 2024, then slumped by 64 bps to 2.96% in 2025, then surged by 81 bps to 5.36% in 2026.
- Per Business Quant, the three latest SBUX Net Margin figures stand at 5.36% (Q1 2026), 2.96% (Q4 2025), and 1.39% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | 5.36% |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | 20.98% |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | 9.81% |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | 14.93% |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | -0.11% |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | 10.06% |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | 7.56% |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | 12.15% |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | 1.79% |
| 10 | Dutch Bros | 7.47 Bn | 7.43 Bn | 107.48 Mn | 5.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 29, 2026 | 5.36% |
| Dec 28, 2025 | 2.96% |
| Sep 28, 2025 | 1.39% |
| Jun 29, 2025 | 5.91% |
| Mar 30, 2025 | 4.38% |
| Dec 29, 2024 | 8.31% |
| Sep 29, 2024 | 10.02% |
| Jun 30, 2024 | 11.58% |
| Mar 31, 2024 | 9.02% |
| Dec 31, 2023 | 10.87% |
| Oct 1, 2023 | 13.01% |
| Jul 2, 2023 | 12.45% |
| Apr 2, 2023 | 10.42% |
| Jan 1, 2023 | 9.81% |
| Oct 2, 2022 | 10.44% |
| Jul 3, 2022 | 11.21% |
| Apr 3, 2022 | 8.84% |
| Jan 2, 2022 | 10.14% |
| Oct 3, 2021 | 21.66% |
| Jun 27, 2021 | 15.40% |
| Mar 28, 2021 | 9.89% |
| Dec 27, 2020 | 9.22% |
| Sep 27, 2020 | 6.33% |
| Jun 28, 2020 | -16.06% |
| Mar 29, 2020 | 5.42% |
| Dec 29, 2019 | 12.47% |
| Sep 29, 2019 | 11.89% |
| Jun 30, 2019 | 20.13% |
| Mar 31, 2019 | 10.45% |
| Dec 30, 2018 | 11.46% |
| Sep 30, 2018 | 11.99% |
| Jul 1, 2018 | 13.50% |
| Apr 1, 2018 | 10.94% |
| Dec 31, 2017 | 37.05% |
| Oct 1, 2017 | 13.85% |
| Jul 2, 2017 | 12.21% |
| Apr 2, 2017 | 12.33% |
| Jan 1, 2017 | 13.11% |
| Oct 2, 2016 | 14.04% |
| Jun 26, 2016 | 14.40% |
| Mar 27, 2016 | 11.52% |
| Dec 27, 2015 | 12.80% |
| Sep 27, 2015 | 13.28% |
| Jun 28, 2015 | 12.83% |
| Mar 29, 2015 | 10.86% |
| Dec 28, 2014 | 20.50% |
| Sep 28, 2014 | 14.05% |
| Jun 29, 2014 | 12.34% |
| Mar 30, 2014 | 11.02% |
| Dec 29, 2013 | 12.75% |
| Sep 29, 2013 | -32.52% |
| Jun 30, 2013 | 11.19% |
| Mar 31, 2013 | 11.01% |
| Dec 30, 2012 | 11.40% |
| Sep 30, 2012 | 10.74% |
| Jul 1, 2012 | 12.74% |
| Apr 1, 2012 | 12.30% |
| Jan 1, 2012 | 13.99% |
| Oct 2, 2011 | 11.81% |
| Jul 3, 2011 | 11.57% |
| Apr 3, 2011 | 11.44% |
| Jan 2, 2011 | 14.18% |
| Oct 3, 2010 | 25.45% |
| Jun 27, 2010 | 9.53% |
| Mar 28, 2010 | 10.23% |
| Dec 27, 2009 | 50.81% |
| Sep 27, 2009 | 1.06% |
| Jun 28, 2009 | 6.44% |
| Mar 29, 2009 | 5.95% |