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Starbucks (SBUX) Operating Leases (2019 - 2025)

Starbucks (SBUX) has disclosed Operating Leases for 7 consecutive years, with $9.4 billion as the latest value for Q4 2025.

  • Quarterly Operating Leases rose 6.03% to $9.4 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $9.4 billion through Dec 2025, up 6.03% year-over-year, with the annual reading at $9.0 billion for FY2025, 2.29% up from the prior year.
  • Operating Leases for Q4 2025 was $9.4 billion at Starbucks, up from $9.0 billion in the prior quarter.
  • The five-year high for Operating Leases was $10.6 billion in Q2 2025, with the low at $7.5 billion in Q4 2022.
  • Average Operating Leases over 5 years is $8.5 billion, with a median of $8.5 billion recorded in 2024.
  • The sharpest move saw Operating Leases decreased 12.93% in 2023, then increased 27.34% in 2025.
  • Over 5 years, Operating Leases stood at $7.7 billion in 2021, then fell by 2.88% to $7.5 billion in 2022, then grew by 25.72% to $9.4 billion in 2023, then dropped by 6.26% to $8.9 billion in 2024, then grew by 6.03% to $9.4 billion in 2025.
  • According to Business Quant data, Operating Leases over the past three periods came in at $9.4 billion, $9.0 billion, and $10.6 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.