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Starbucks (SBUX) Operating Leases (2019 - 2025)

Starbucks (SBUX) has disclosed Operating Leases for 7 consecutive years, with $8.0 billion as the latest value for Q4 2025.

  • On a quarterly basis, Operating Leases fell 21.94% to $8.0 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $8.0 billion, a 21.94% decrease, with the full-year FY2025 number at $9.0 billion, up 2.29% from a year prior.
  • Operating Leases was $8.0 billion for Q4 2025 at Starbucks, down from $9.0 billion in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $10.6 billion in Q2 2025 to a low of $7.5 billion in Q4 2022.
  • A 5-year average of $8.6 billion and a median of $8.5 billion in 2022 define the central range for Operating Leases.
  • Peak YoY movement for Operating Leases: increased 26.68% in 2024, then dropped 21.94% in 2025.
  • Starbucks' Operating Leases stood at $7.7 billion in 2021, then decreased by 2.88% to $7.5 billion in 2022, then increased by 8.3% to $8.1 billion in 2023, then grew by 26.68% to $10.3 billion in 2024, then decreased by 21.94% to $8.0 billion in 2025.
  • Per Business Quant, the three most recent readings for SBUX's Operating Leases are $8.0 billion (Q4 2025), $9.0 billion (Q3 2025), and $10.6 billion (Q2 2025).