Starbucks (SBUX) Operating Leases (2019 - 2026)

Starbucks (SBUX) reported Operating Leases of $9.3 billion for Q1 2026, down 10.81% year-over-year from $10.4 billion in Q1 2025, and up 15.68% quarter-over-quarter from $8.0 billion in Q4 2025.

Starbucks (SBUX) Operating Leases (2019 - 2026) Analysis & Trends

Starbucks (SBUX) has 8 years of Operating Leases data on file, last reported at $9.3 billion in Q1 2026.

  • Operating Leases for Q1 2026 came in at $9.3 billion, down 10.81% year-over-year; the trailing twelve-month figure through Mar 2026 was $9.3 billion (down 10.81% YoY), and the FY2025 annual result was $9.0 billion, up 2.29% from the prior year.
  • Operating Leases improved to $9.3 billion in Q1 2026 per SBUX's latest filing, from $8.0 billion in the prior quarter.
  • Over five years, Operating Leases peaked at $10.6 billion in Q2 2025 and troughed at $7.5 billion in Q4 2022.
  • A 5-year average of $8.8 billion and a median of $8.8 billion in 2023 frame the typical range for Operating Leases.
  • On a YoY basis, Operating Leases climbed as much as 27.6% in 2025 and fell as far as 21.94% in 2025.
  • A 5-year view of Operating Leases shows it stood at $7.5 billion in 2022, then increased by 25.72% to $9.4 billion in 2023, then increased by 9.12% to $10.3 billion in 2024, then dropped by 21.94% to $8.0 billion in 2025, then increased by 15.68% to $9.3 billion in 2026.
  • Business Quant data shows SBUX's Operating Leases at $9.3 billion in Q1 2026, $8.0 billion in Q4 2025, and $9.0 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Starbucks 114.58 Bn 112.88 Bn 9.40 Bn
2 Chipotle Mexican Grill 42.15 Bn 41.28 Bn 2.61 Bn
3 Yum Brands 42.13 Bn 41.44 Bn 1.38 Bn
4 Restaurant Brands International 25.46 Bn 25.99 Bn 2.14 Bn
5 Darden Restaurants 24.75 Bn 24.51 Bn 3.31 Bn
6 Yum China Holdings 15.17 Bn 13.74 Bn 3.24 Bn
7 Texas Roadhouse 11.72 Bn 11.53 Bn 1.40 Bn
8 Dominos Pizza 10.51 Bn 10.28 Bn 464.51 Mn
9 Cava 10.34 Bn 9.94 Bn 797.57 Mn
10 Dutch Bros 8.99 Bn 8.95 Bn 107.48 Mn

Historic Data

Download Data
DateValue
Mar 29, 2026 9.31 Bn
Dec 28, 2025 8.05 Bn
Sep 28, 2025 8.97 Bn
Jun 29, 2025 10.57 Bn
Mar 30, 2025 10.44 Bn
Dec 29, 2024 10.31 Bn
Sep 29, 2024 8.77 Bn
Jun 30, 2024 8.30 Bn
Mar 31, 2024 8.18 Bn
Dec 31, 2023 9.45 Bn
Oct 1, 2023 7.92 Bn
Jul 2, 2023 7.69 Bn
Apr 2, 2023 9.02 Bn
Jan 1, 2023 8.89 Bn
Oct 2, 2022 7.52 Bn
Jul 3, 2022 7.55 Bn
Apr 3, 2022 8.90 Bn
Jan 2, 2022 7.71 Bn
Oct 3, 2021 7.74 Bn
Jun 27, 2021 7.60 Bn