Starbucks (SBUX) Operating Expenses (2009 - 2026)
Starbucks (SBUX) reported Operating Expenses of $8.8 billion for Q1 2026, up 6.5% year-over-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) has 18 years of Operating Expenses data on file, last reported at $8.8 billion in Q1 2026.
- Quarterly Operating Expenses rose 6.5% year-over-year to $8.8 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $35.8 billion (up 11.56% YoY) and the FY2025 annual result came in at $34.5 billion, up 11.03% from the prior year.
- Operating Expenses eased to $8.8 billion in Q1 2026 per SBUX's latest filing, from $9.1 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $9.4 billion in Q3 2025 and bottomed at $6.7 billion in Q2 2022.
- The 5-year median for Operating Expenses is $7.7 billion (2023), against an average of $7.9 billion.
- The widest annual swing landed in 2024, when Operating Expenses retreated 0.04%; it then grew 19.13% in 2025.
- Tracing SBUX's Operating Expenses over 5 years: stood at $7.3 billion in 2022, then gained by 9.39% to $8.0 billion in 2023, then rose by 4.09% to $8.3 billion in 2024, then advanced by 9.16% to $9.1 billion in 2025, then dropped by 3.64% to $8.8 billion in 2026.
- Per Business Quant, the three latest SBUX Operating Expenses figures stand at $8.8 billion (Q1 2026), $9.1 billion (Q4 2025), and $9.4 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | 8.75 Bn |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | 1.42 Bn |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | 2.69 Bn |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | 1.66 Bn |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | 2.94 Bn |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | 2.82 Bn |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | 1.49 Bn |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | 111.41 Mn |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | 272.18 Mn |
| 10 | Dutch Bros | 7.47 Bn | 7.43 Bn | 107.48 Mn | 430.11 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Mar 28, 2021 | 5.76 Bn |
| Dec 27, 2020 | 5.92 Bn |
| Sep 27, 2020 | 5.76 Bn |
| Jun 28, 2020 | 4.99 Bn |
| Mar 29, 2020 | 5.58 Bn |
| Dec 29, 2019 | 5.95 Bn |
| Sep 29, 2019 | 5.76 Bn |
| Jun 30, 2019 | 5.78 Bn |
| Mar 31, 2019 | 5.51 Bn |
| Dec 30, 2018 | 5.68 Bn |
| Sep 30, 2018 | 5.43 Bn |
| Jul 1, 2018 | 5.34 Bn |
| Apr 1, 2018 | 5.31 Bn |
| Dec 31, 2017 | 5.05 Bn |
| Oct 1, 2017 | 4.80 Bn |
| Jul 2, 2017 | 4.72 Bn |
| Apr 2, 2017 | 4.44 Bn |
| Jan 1, 2017 | 4.68 Bn |
| Oct 2, 2016 | 4.59 Bn |
| Jun 26, 2016 | 4.30 Bn |
| Mar 27, 2016 | 4.19 Bn |
| Dec 27, 2015 | 4.38 Bn |
| Sep 27, 2015 | 4.03 Bn |
| Jun 28, 2015 | 4.00 Bn |
| Mar 29, 2015 | 3.84 Bn |
| Dec 28, 2014 | 3.94 Bn |
| Sep 28, 2014 | 3.41 Bn |
| Jun 29, 2014 | 3.46 Bn |
| Mar 30, 2014 | 3.29 Bn |
| Dec 29, 2013 | 3.48 Bn |
| Sep 29, 2013 | 5.99 Bn |
| Jun 30, 2013 | 3.18 Bn |
| Mar 31, 2013 | 3.06 Bn |
| Dec 30, 2012 | 3.22 Bn |
| Sep 30, 2012 | 2.88 Bn |
| Jul 1, 2012 | 2.86 Bn |
| Apr 1, 2012 | 2.82 Bn |
| Jan 1, 2012 | 2.92 Bn |
| Oct 2, 2011 | 2.67 Bn |
| Jul 3, 2011 | 2.57 Bn |
| Apr 3, 2011 | 2.45 Bn |
| Jan 2, 2011 | 2.48 Bn |
| Oct 3, 2010 | 2.49 Bn |
| Jun 27, 2010 | 2.32 Bn |
| Mar 28, 2010 | 2.23 Bn |
| Dec 27, 2009 | 2.40 Bn |
| Sep 27, 2009 | 2.27 Bn |
| Jun 28, 2009 | 2.23 Bn |
| Mar 29, 2009 | 2.32 Bn |