KPIs & Operating Metrics(New)
Growth Metrics

Starbucks (SBUX) Net Margin (2016 - 2025)

Starbucks (SBUX) has disclosed Net Margin for 17 consecutive years, with 2.96% as the latest value for Q4 2025.

  • On a quarterly basis, Net Margin fell 535.0% to 2.96% in Q4 2025 year-over-year; TTM through Dec 2025 was 3.63%, a 610.0% decrease, with the full-year FY2025 number at 4.99%, down 541.0% from a year prior.
  • Net Margin was 2.96% for Q4 2025 at Starbucks, up from 1.39% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 21.66% in Q4 2021 to a low of 1.39% in Q3 2025.
  • A 5-year average of 9.89% and a median of 10.08% in 2022 define the central range for Net Margin.
  • Peak YoY movement for Net Margin: surged 3146bps in 2021, then tumbled -1122bps in 2022.
  • Starbucks' Net Margin stood at 21.66% in 2021, then tumbled by -52bps to 10.44% in 2022, then increased by 4bps to 10.87% in 2023, then fell by -24bps to 8.31% in 2024, then crashed by -64bps to 2.96% in 2025.
  • Per Business Quant, the three most recent readings for SBUX's Net Margin are 2.96% (Q4 2025), 1.39% (Q3 2025), and 5.91% (Q2 2025).