Starbucks (SBUX) Operating Margin (2009 - 2026)
Starbucks' (SBUX) quarterly Operating Margin came in at 10.52% in Q2 2026, up 62.0% year-over-year from 6.49% in Q2 2025, and up 21.04% quarter-over-quarter from 8.69% in Q1 2026.
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Analysis
Starbucks (SBUX) Operating Margin (2009 - 2026) Analysis & Trends
Starbucks (SBUX) has reported Operating Margin for 18 consecutive years, with 10.52% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin rose 62.0% year-over-year to 10.52% in Q2 2026; TTM through Jun 2026 was 7.77%, a 304.0% decrease from a year earlier, with the FY2025 full-year figure at 7.9%, down 705.0% from the prior year.
- Operating Margin was 10.52% for Q2 2026 at Starbucks, up from 8.69% in the prior quarter.
- Over five years, Operating Margin peaked at 18.2% in Q4 2023 and troughed at 2.91% in Q3 2025.
- A 5-year average of 12.72% and a median of 14.21% in 2022 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin soared 399 bps in 2023 and slumped 1150 bps in 2025, its largest moves.
- Over 5 years, Operating Margin stood at 14.21% in 2022, then climbed by 11 bps to 15.76% in 2023, then declined by 24 bps to 11.94% in 2024, then dropped by 25 bps to 8.98% in 2025, then gained by 17 bps to 10.52% in 2026.
- The last three Operating Margin figures came in at 10.52% (Q2 2026), 8.69% (Q1 2026), and 8.98% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 168.67 Bn | 167.85 Bn | 6.42 Bn | 47.02% |
| 2 | Starbucks | 107.32 Bn | 103.72 Bn | 6.49 Bn | 10.52% |
| 3 | Chipotle Mexican Grill | 41.40 Bn | 40.73 Bn | 2.35 Bn | 15.70% |
| 4 | Yum Brands | 38.39 Bn | 37.72 Bn | 1.47 Bn | 30.20% |
| 5 | Restaurant Brands International | 25.02 Bn | 25.51 Bn | 1.89 Bn | 28.41% |
| 6 | Darden Restaurants | 24.39 Bn | 24.17 Bn | 3.68 Bn | 13.90% |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 15.95 Bn | 1.89 Bn | 28.41% |
| 8 | Yum China Holdings | 14.09 Bn | 13.41 Bn | 2.22 Bn | 11.09% |
| 9 | Texas Roadhouse | 10.81 Bn | 10.63 Bn | 1.44 Bn | 8.50% |
| 10 | Dominos Pizza | 9.81 Bn | 9.60 Bn | 478.23 Mn | 19.43% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 10.52% |
| Mar 29, 2026 | 8.69% |
| Dec 28, 2025 | 8.98% |
| Sep 28, 2025 | 2.91% |
| Jun 29, 2025 | 9.89% |
| Mar 30, 2025 | 6.86% |
| Dec 29, 2024 | 11.94% |
| Sep 29, 2024 | 14.40% |
| Jun 30, 2024 | 16.65% |
| Mar 31, 2024 | 12.83% |
| Dec 31, 2023 | 15.76% |
| Oct 1, 2023 | 18.20% |
| Jul 2, 2023 | 17.28% |
| Apr 2, 2023 | 15.22% |
| Jan 1, 2023 | 14.38% |
| Oct 2, 2022 | 14.21% |
| Jul 3, 2022 | 15.90% |
| Apr 3, 2022 | 12.43% |
| Jan 2, 2022 | 14.63% |
| Oct 3, 2021 | 18.19% |
API Access
Starbucks Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=SBUX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "SBUX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=SBUX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();