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Starbucks (SBUX) Operating Margin (2016 - 2025)

Starbucks (SBUX) has disclosed Operating Margin for 17 consecutive years, with 8.98% as the latest value for Q4 2025.

  • On a quarterly basis, Operating Margin fell 295.0% to 8.98% in Q4 2025 year-over-year; TTM through Dec 2025 was 7.18%, a 678.0% decrease, with the full-year FY2025 number at 7.9%, down 705.0% from a year prior.
  • Operating Margin was 8.98% for Q4 2025 at Starbucks, up from 2.91% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 19.86% in Q2 2021 to a low of 2.91% in Q3 2025.
  • A 5-year average of 13.77% and a median of 14.52% in 2024 define the central range for Operating Margin.
  • Peak YoY movement for Operating Margin: skyrocketed 3653bps in 2021, then plummeted -1150bps in 2025.
  • Starbucks' Operating Margin stood at 18.19% in 2021, then fell by -22bps to 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.
  • Per Business Quant, the three most recent readings for SBUX's Operating Margin are 8.98% (Q4 2025), 2.91% (Q3 2025), and 9.89% (Q2 2025).