Starbucks (SBUX) Operating Expenses (2009 - 2026)
Starbucks (SBUX) posted quarterly Operating Expenses of $8.4 billion for Q2 2026, down 1.83% year-over-year from $8.6 billion in Q2 2025, and down 3.81% quarter-over-quarter from $8.8 billion in Q1 2026.
Starbucks (SBUX) Operating Expenses (2009 - 2026) Analysis & Trends
Starbucks (SBUX) has reported Operating Expenses for 18 consecutive years, with $8.4 billion the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses fell 1.83% year-over-year to $8.4 billion; the TTM figure through Jun 2026 stood at $35.6 billion (up 8.02% YoY), while the FY2025 annual figure was $34.5 billion, up 11.03% from the prior year.
- Operating Expenses eased to $8.4 billion in Q2 2026 per SBUX's latest filing, from $8.8 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.
- Historically, Operating Expenses has averaged $7.9 billion across 5 years, with a median of $7.8 billion in 2023.
- Annual changes were most pronounced in 2025 — Operating Expenses rose 19.13% — and 2026, when it declined 1.83%.
- Starbucks' Operating Expenses stood at $7.3 billion in 2022, then grew by 9.39% to $8.0 billion in 2023, then climbed by 4.09% to $8.3 billion in 2024, then increased by 9.16% to $9.1 billion in 2025, then slipped by 7.31% to $8.4 billion in 2026.
- Business Quant data shows SBUX's Operating Expenses at $8.4 billion in Q2 2026, $8.8 billion in Q1 2026, and $9.1 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn | 3.76 Bn |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn | 8.42 Bn |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn | 2.82 Bn |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn | 1.51 Bn |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn | 1.80 Bn |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn | 3.20 Bn |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 1.80 Bn |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn | 2.79 Bn |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn | 1.54 Bn |
| 10 | Dominos Pizza | 11.46 Bn | 11.32 Bn | 478.23 Mn | 115.37 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 28, 2026 | 8.42 Bn |
| 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 |