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% quarter-over-quarter 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.
- Operating Expenses for Q1 2026 came in at $8.8 billion, up 6.5% year-over-year; the trailing twelve-month figure through Mar 2026 was $35.8 billion (up 11.56% YoY), and the FY2025 annual result was $34.5 billion, up 11.03% from the prior year.
- Operating Expenses slipped to $8.8 billion in Q1 2026 per SBUX's latest filing, from $9.1 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $9.4 billion in Q3 2025 and troughed at $6.7 billion in Q2 2022.
- A 5-year average of $7.9 billion and a median of $7.7 billion in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses slipped 0.04% in 2024, then rose 19.13% in 2025.
- A 5-year view of Operating Expenses shows it stood at $7.3 billion in 2022, then climbed by 9.39% to $8.0 billion in 2023, then advanced by 4.09% to $8.3 billion in 2024, then grew by 9.16% to $9.1 billion in 2025, then fell by 3.64% to $8.8 billion in 2026.
- Business Quant data shows SBUX's Operating Expenses at $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 | 114.58 Bn | 112.88 Bn | 9.40 Bn | 8.75 Bn |
| 2 | Chipotle Mexican Grill | 42.15 Bn | 41.28 Bn | 2.61 Bn | 2.69 Bn |
| 3 | Yum Brands | 42.13 Bn | 41.44 Bn | 1.38 Bn | 1.42 Bn |
| 4 | Restaurant Brands International | 25.46 Bn | 25.99 Bn | 2.14 Bn | 1.66 Bn |
| 5 | Darden Restaurants | 24.75 Bn | 24.51 Bn | 3.31 Bn | 2.94 Bn |
| 6 | Yum China Holdings | 15.17 Bn | 13.74 Bn | 3.24 Bn | 2.82 Bn |
| 7 | Texas Roadhouse | 11.72 Bn | 11.53 Bn | 1.40 Bn | 1.49 Bn |
| 8 | Dominos Pizza | 10.51 Bn | 10.28 Bn | 464.51 Mn | 111.41 Mn |
| 9 | Cava | 10.34 Bn | 9.94 Bn | 797.57 Mn | 272.18 Mn |
| 10 | Dutch Bros | 8.99 Bn | 8.95 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 |