Starbucks (SBUX) Operating Margin (2009 - 2026)

Starbucks (SBUX) has 18 years of Operating Margin data on file, last reported at 8.69% in Q1 2026.

• On a quarterly basis, Operating Margin rose 183.0% year-over-year to 8.69% in Q1 2026; TTM through Mar 2026 was 7.62%, a 489.0% decrease from a year earlier, with the FY2025 full-year figure at 7.9%, down 705.0% from the prior year.
• Operating Margin for Q1 2026 stood at 8.69%, down from 8.98% in the prior quarter.
• Over the last five years, Operating Margin for SBUX reached as high as 18.2% in Q4 2023 and fell as low as 2.91% in Q3 2025.
• Historically, Operating Margin has averaged 12.84% across 5 years, with a median of 14.29% in 2022.
• Across the five-year window, Operating Margin surged 399 bps in 2023 and tumbled 1150 bps in 2025, its largest moves.
• Year by year, Operating Margin stood at 14.21% in 2022, then gained by 11 bps to 15.76% in 2023, then slipped by 24 bps to 11.94% in 2024, then decreased by 25 bps to 8.98% in 2025, then fell by 3 bps to 8.69% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 8.69% in Q1 2026, 8.98% in Q4 2025, and 2.91% in Q3 2025.