Starbucks (SBUX) Operating Expenses (2009 - 2026)

Starbucks' (SBUX) quarterly Operating Expenses came in at $8.8 billion in Q1 2026, up 6.5% year-on-year from $8.2 billion in Q1 2025, and down 3.64% on a QoQ basis from $9.1 billion in Q4 2025.

Starbucks (SBUX) Operating Expenses (2009 - 2026) Analysis & Trends

Starbucks (SBUX) has 18 years of Operating Expenses data on file, last reported at $8.8 billion in Q1 2026.

  • On a quarterly basis, Operating Expenses rose 6.5% year-over-year to $8.8 billion in Q1 2026; TTM through Mar 2026 was $35.8 billion, a 11.56% increase from a year earlier, with the FY2025 full-year figure at $34.5 billion, up 11.03% from the prior year.
  • Operating Expenses for Q1 2026 stood at $8.8 billion, down from $9.1 billion in the prior quarter.
  • Over the last five years, Operating Expenses for SBUX reached as high as $9.4 billion in Q3 2025 and fell as low as $6.7 billion in Q2 2022.
  • Historically, Operating Expenses has averaged $7.9 billion across 5 years, with a median of $7.7 billion in 2023.
  • Across the five-year window, Operating Expenses retreated 0.04% in 2024 and grew 19.13% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $7.3 billion in 2022, then rose by 9.39% to $8.0 billion in 2023, then increased by 4.09% to $8.3 billion in 2024, then gained by 9.16% to $9.1 billion in 2025, then slipped by 3.64% to $8.8 billion in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $8.8 billion in Q1 2026, $9.1 billion in Q4 2025, and $9.4 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Starbucks 118.28 Bn 116.58 Bn 6.32 Bn 8.75 Bn
2 Yum Brands 41.26 Bn 40.58 Bn 1.38 Bn 1.42 Bn
3 Chipotle Mexican Grill 41.21 Bn 40.34 Bn 2.61 Bn 2.69 Bn
4 Restaurant Brands International 25.26 Bn 24.25 Bn 2.14 Bn 1.66 Bn
5 Darden Restaurants 22.64 Bn 22.40 Bn 3.31 Bn 2.94 Bn
6 Yum China Holdings 15.35 Bn 13.92 Bn 2.31 Bn 2.82 Bn
7 Texas Roadhouse 12.76 Bn 12.54 Bn 1.40 Bn 1.49 Bn
8 Dominos Pizza 11.11 Bn 10.98 Bn 478.23 Mn 115.37 Mn
9 Dutch Bros 8.18 Bn 7.92 Bn 107.48 Mn 430.11 Mn
10 Brinker International 8.13 Bn 8.07 Bn 1.10 Bn 1.30 Bn

Historic Data

Download Data
DateValue
Mar 29, 2026 8.75 Bn
Dec 28, 2025 9.08 Bn
Sep 28, 2025 9.38 Bn
Jun 29, 2025 8.58 Bn
Mar 30, 2025 8.22 Bn
Dec 29, 2024 8.32 Bn
Sep 29, 2024 7.87 Bn
Jun 30, 2024 7.67 Bn
Mar 31, 2024 7.53 Bn
Dec 31, 2023 8.00 Bn
Oct 1, 2023 7.79 Bn
Jul 2, 2023 7.65 Bn
Apr 2, 2023 7.54 Bn
Jan 1, 2023 7.52 Bn
Oct 2, 2022 7.31 Bn
Jul 3, 2022 6.91 Bn
Apr 3, 2022 6.74 Bn
Jan 2, 2022 6.91 Bn
Oct 3, 2021 6.78 Bn
Jun 27, 2021 6.11 Bn