Starbucks (SBUX) Operating Leases (2019 - 2026)
Starbucks (SBUX) posted quarterly Operating Leases of $9.2 billion for Q2 2026, down 13.36% year-over-year from $10.6 billion in Q2 2025, and down 1.65% quarter-over-quarter from $9.3 billion in Q1 2026.
Starbucks (SBUX) Operating Leases (2019 - 2026) Analysis & Trends
Starbucks (SBUX) has reported Operating Leases for 8 consecutive years, with $9.2 billion the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Leases fell 13.36% year-over-year to $9.2 billion; the TTM figure through Jun 2026 stood at $9.2 billion (down 13.36% YoY), while the FY2025 annual figure was $9.0 billion, up 2.29% from the prior year.
- Operating Leases retreated to $9.2 billion in Q2 2026 per SBUX's latest filing, from $9.3 billion in the prior quarter.
- Across five years, Operating Leases topped out at $10.6 billion in Q2 2025 and bottomed at $7.5 billion in Q4 2022.
- Historically, Operating Leases has averaged $9.2 billion across 5 years, with a median of $9.0 billion in 2023.
- Annual changes were most pronounced in 2024 — Operating Leases grew 10.69% — and 2026, when it retreated 13.36%.
- Starbucks' Operating Leases stood at $7.5 billion in 2022, then rose by 25.72% to $9.4 billion in 2023, then rose by 9.12% to $10.3 billion in 2024, then fell by 8.92% to $9.4 billion in 2025, then declined by 2.5% to $9.2 billion in 2026.
- Business Quant data shows SBUX's Operating Leases at $9.2 billion in Q2 2026, $9.3 billion in Q1 2026, and $9.4 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn |
| 10 | Dominos Pizza | 11.46 Bn | 11.32 Bn | 478.23 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 28, 2026 | 9.16 Bn |
| Mar 29, 2026 | 9.31 Bn |
| Dec 28, 2025 | 9.39 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 | 9.72 Bn |
| Mar 31, 2024 | 9.59 Bn |
| Dec 31, 2023 | 9.45 Bn |
| Oct 1, 2023 | 7.92 Bn |
| Jul 2, 2023 | 8.96 Bn |
| Apr 2, 2023 | 9.02 Bn |
| Jan 1, 2023 | 8.89 Bn |
| Oct 2, 2022 | 7.52 Bn |
| Jul 3, 2022 | 8.77 Bn |
| Apr 3, 2022 | 8.90 Bn |
| Jan 2, 2022 | 8.96 Bn |
| Oct 3, 2021 | 7.74 Bn |