Starbucks (SBUX) Operating Margin (2009 - 2025)

Starbucks (SBUX) has 17 years of Operating Margin data on file, last reported at 7.9% in FY2025.

• Operating Margin for Q1 2026 came in at 8.69%, up 183.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 7.62% (down 489.0% YoY), and the FY2025 annual result was 7.9%, down 705.0% from the prior year.
• Operating Margin declined to 7.9% in FY2025 per SBUX's latest filing, from 14.95% in the prior year.
• Over five years, Operating Margin peaked at 16.77% in FY2021 and troughed at 7.9% in FY2025.
• A 5-year average of 14.05% and a median of 14.95% in 2024 frame the typical range for Operating Margin.
• The sharpest annual moves came in 2021 and 2025: Operating Margin jumped 1012 bps in 2021, then slumped 705 bps in 2025.
• A 5-year view of Operating Margin shows it stood at 16.77% in 2021, then fell by 15 bps to 14.32% in 2022, then climbed by 14 bps to 16.32% in 2023, then retreated by 8 bps to 14.95% in 2024, then slumped by 47 bps to 7.9% in 2025.
• Business Quant data shows SBUX's Operating Margin at 7.9% in FY2025, 14.95% in FY2024, and 16.32% in FY2023.