MARKETS / NASDAQ / SBUX

NASDAQ · RETAIL-EATING & DRINKING PLACES · LARGE CAP

Starbucks Corp. SBUX

19 fiscal years on record · USD · FY2025 reported · SEC filings only

3 YEARS OF DIVIDEND GROWTH

Revenue

$37.2B

▲ 2.8% YoY

Net income

$1.9B

▼ 50.6% YoY

Free cash flow

$2.4B

▼ 26.4% YoY

In brief

What this company does

Starbucks purchases and roasts coffees, which it sells together with handcrafted coffee, tea and other beverages and food items through company-operated stores. It also sells coffee and tea products and licenses its trademarks through other channels, such as licensed stores and grocery and foodservice through the Global Coffee Alliance with Nestlé S.A. As of September 28, 2025 it employed approximately 381,000 people worldwide. The company has three reportable operating segments: North America, covering the U.S. and Canada; International, covering China, Japan, Asia Pacific, Europe, the Middle East, Africa, Latin America and the Caribbean; and Channel Development. In fiscal 2025 those segments accounted for 74%, 21% and 5% of total net revenues, respectively. The North America and International segments both include company-operated and licensed stores. The Channel Development segment covers roasted whole bean and ground coffees, Starbucks-branded single-serve products, ready-to-drink beverages such as Frappuccino and Starbucks Doubleshot, foodservice products and other branded products sold outside the company-operated and licensed stores. Starbucks Corporation was formed in 1985.

Written from the business description in STARBUCKS CORP's annual report to the U.S. Securities and Exchange Commission, filed 14 November 2025. Every sentence was checked against that document before publication.

Growth

USD 37.2B

Revenue, FY2025 · full 19-year series below

Revenue $B Net income $B

FY2025 · Revenue 37.2 · Net income 1.9

Compound annual growth

Revenue

+4.9%

+9.6%

+6.9%

+8.7%

Net income

−17.3%

+14.9%

−3.9%

+4.6%

EPS, diluted

−16.8%

+15.6%

−1.1%

Dividend / share

+7.0%

+14.8%

+13.7%

Returned to shareholders

−23.4%

−3.6%

+2.5%

+12.8%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +9.6% a year over five years — but profit grew faster: net income at +14.9%, earnings per share at +15.6%.

The share count fell from 1.17B to 1.14B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

5 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 7.9% · Net 5.0%

ROE

FY2018 · ROE 136.5%

Gross margin—

Operating margin7.9%

Net margin5.0%

Return on assets5.9%

EBITDAUSD 4.7B

Cash & shareholders

USD 2.8B

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 2.4

Net buybacks $B Dividends $B

FY2025 · Dividends 2.8 · Net buybacks -0.1

Dividends paidUSD 2.8B

Net buybacksUSD -77.0M

Share of profit149.3%

Consecutive raises3 years

USD 2.8B in dividends — 149% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 32.0B

EquityUSD -8.1B

CashUSD 3.2B

Gross debtUSD 16.1B

Net debtUSD 12.9B

Current ratio0.72×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 19-year record

19 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue $B	37.2	36.2	36.0	32.3	29.1	23.5	26.5	24.7	22.4	21.3	19.2	16.4	14.9	13.3	11.7	10.7	9.8	10.4	9.4
Operating income $B	2.9	5.4	5.9	4.6	4.9	1.6	4.1	3.9	4.1	4.2	3.6	3.1	−0.3	2.0	1.7	1.4	0.6	0.5	1.1
EBITDA $B	4.7	7.0	7.3	6.1	6.4	3.1	5.5	5.2	5.2	5.2	4.5	3.8	0.3	2.6	2.3	2.0	1.1	1.1	1.5
Income tax $B	0.7	1.2	1.3	0.9	1.2	0.2	0.9	1.3	1.4	1.4	1.1	1.1	−0.2	0.7	0.6	0.5	0.2	0.1	0.4
Net income $B	1.9	3.8	4.1	3.3	4.2	0.9	3.6	4.5	2.9	2.8	2.8	2.1	0.0	1.4	1.2	0.9	0.4	0.3	0.7
Free cash flow $B	2.4	3.3	3.7	2.6	4.5	0.1	3.2	10.0	2.7	3.3	2.4	−0.6	1.8	0.9	1.1	1.3	0.9	0.3	0.3
EPS, diluted $	1.63	3.31	3.58	2.83	3.54	0.79	2.92	3.24	1.97	1.90	1.82	1.35	0.01	1.79	1.62	1.24	0.52	0.43	0.87
Dividend / sh $	2.45	2.32	2.16	2.00	2.29	1.23	1.49	1.32	1.05	0.85	0.68	0.55	0.45	0.72	0.56	0.36	0.00	0.00	·
Payout %	149	69	59	69	50	207	49	39	50	42	34	38	7577	37	31	18	0	0	·
ROE %	·	·	·	·	·	·	·	136.5	50.9	48.2	49.7	42.4	0.2	29.2	30.9	28.1	14.1	13.2	29.4
Shares out B	1.14	1.13	1.14	1.15	1.18	1.17	1.18	1.31	1.43	1.46	1.49	1.50	0.75	0.75	0.74	0.74	0.74	0.74	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

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Provenance

Company facts, as filed

How we verify · 0 failures in 74 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 8 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityRetail-Eating & Drinking Places

Listed onNASDAQ

Incorporated inWashington

Fiscal year endsSeptember 28

Data on record since2007