Starbucks (SBUX) Net Margin (2009 - 2026)
Starbucks' Net Margin came in at 11.21% for fiscal Q3 2026 (quarter ended Jun 28, 2026), up 5.31 percentage points from 5.90% a year earlier and up 5.85 percentage points from the prior quarter.
Starbucks (SBUX) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 28, 2026, Starbucks reported Net Margin of 5.17%, down 2.00 percentage points year-over-year; for FY2025 (ended Sep 28, 2025), it came in at 4.99%, down 5.40 percentage points from FY2024.
- Net Margin carries a five-year change of +1.05 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Net Margin was 10.40% in FY2024 (-1.07 pp), 11.46% in FY2023 (+1.29 pp), 10.18% in FY2022 (-4.27 pp) and 14.45% in FY2021 (+10.50 pp).
- The fiscal Q3 2026 figure represents the highest quarterly Net Margin since fiscal Q3 2024.
- Year-over-year, Net Margin increased in two of the last eight quarters, with an average year-over-year change of -2.94 percentage points.
- The fastest year-over-year change in Net Margin over five years came in fiscal Q4 2021 (a gain of 15.33 percentage points), and the weakest in fiscal Q4 2022 (a drop of 11.22 percentage points).
- Business Quant data shows SBUX's Net Margin at 5.36% (Q2 2026), 2.96% (Q1 2026) and 1.39% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 171.89 Bn | 166.71 Bn | 6.42 Bn | 33.27% |
| 2 | Starbucks | 109.83 Bn | 97.45 Bn | - | 11.21% |
| 3 | Yum Brands | 41.48 Bn | 38.36 Bn | 1.47 Bn | 39.33% |
| 4 | Chipotle Mexican Grill | 39.16 Bn | 35.14 Bn | - | 12.05% |
| 5 | Restaurant Brands International | 25.80 Bn | 21.36 Bn | 1.38 Bn | 20.12% |
| 6 | Darden Restaurants | 24.38 Bn | 23.48 Bn | 1.68 Bn | 7.29% |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 26.39% |
| 8 | Yum China Holdings | 15.57 Bn | 9.23 Bn | 537.00 Mn | 7.78% |
| 9 | Texas Roadhouse | 11.21 Bn | 10.55 Bn | - | 7.26% |
| 10 | Luckin Coffee | 10.72 Bn | 9.80 Bn | - | - |
Historic 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 | 5.90% |
| Mar 30, 2025 | 4.39% |
| Dec 29, 2024 | 8.31% |
| Sep 29, 2024 | 10.02% |
| Jun 30, 2024 | 11.57% |
| 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 | 11.20% |
| Apr 3, 2022 | 8.83% |
| Jan 2, 2022 | 10.13% |
| Oct 3, 2021 | 21.66% |
Starbucks Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=SBUX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "SBUX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=SBUX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();