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| 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 |