KPIs & Operating Metrics(New)
Growth Metrics

Starbucks (SBUX) Operating Margin (2016 - 2026)

Starbucks filings provide 18 years of Operating Margin readings, the most recent being 8.69% for Q1 2026.

  • For the quarter ending Q1 2026, Operating Margin rose 183.0% year-over-year to 8.69%, compared with a TTM value of 7.62% through Mar 2026, down 489.0%, and an annual FY2025 reading of 7.9%, down 705.0% over the prior year.
  • Operating Margin hit 8.69% in Q1 2026 for Starbucks, down from 8.98% in the prior quarter.
  • The five-year high for Operating Margin was 18.2% in Q4 2023, with the low at 2.91% in Q3 2025.
  • Median Operating Margin over the past 5 years was 14.29% (2022), compared with a mean of 12.84%.
  • The sharpest move saw Operating Margin soared 399bps in 2023, then crashed -1150bps in 2025.
  • Year by year, Operating Margin stood at 14.21% in 2022, then increased by 11bps to 15.76% in 2023, then dropped by -24bps to 11.94% in 2024, then fell by -25bps to 8.98% in 2025, then dropped by -3bps to 8.69% in 2026.
  • According to Business Quant data, Operating Margin over the past three periods came in at 8.69%, 8.98%, and 2.91% for Q1 2026, Q4 2025, and Q3 2025 respectively.