Starbucks (SBUX) Net Margin (2009 - 2026)
Starbucks (SBUX) posted quarterly Net Margin of 11.21% for Q2 2026, up 530.0% year-over-year from 1.78% in Q2 2025, and up 109.14% quarter-over-quarter from 5.36% in Q1 2026.
Starbucks (SBUX) Net Margin (2009 - 2026) Analysis & Trends
Starbucks (SBUX) has reported Net Margin for 18 consecutive years, with 11.21% the latest figure, recorded in Q2 2026.
- In Q2 2026, Net Margin rose 530.0% year-over-year to 11.21%; the TTM figure through Jun 2026 stood at 5.17% (down 201.0% YoY), while the FY2025 annual figure was 4.99%, down 541.0% from the prior year.
- Net Margin grew to 11.21% in Q2 2026 per SBUX's latest filing, from 5.36% 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.
- Historically, Net Margin has averaged 8.81% across 5 years, with a median of 10.02% in 2024.
- Annual changes were most pronounced in 2022 — Net Margin tumbled 1122 bps — and 2026, when it soared 530 bps.
- Starbucks' Net Margin stood at 10.44% in 2022, then increased by 4 bps to 10.87% in 2023, then slipped by 24 bps to 8.31% in 2024, then sank by 64 bps to 2.96% in 2025, then soared by 279 bps to 11.21% in 2026.
- Business Quant data shows SBUX's Net Margin at 11.21% in Q2 2026, 5.36% in Q1 2026, and 2.96% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn | 33.27% |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn | 11.21% |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn | 12.05% |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn | 39.33% |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn | 20.12% |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn | -0.08% |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 26.39% |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn | 8.35% |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn | 7.26% |
| 10 | Dominos Pizza | 11.46 Bn | 11.32 Bn | 478.23 Mn | 11.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 28, 2026 | 11.21% |
| 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% |