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| Date | Value |
|---|---|
| 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 |