Starbucks Corporation (SBUX) Income Statement
SBUX FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsSBUX revenue and net income
Where SBUX's revenue goes
FY2025Each bar shows an amount and its share of revenue. SBUX kept 5.0% of revenue as net income.
SBUX profit margins
SBUX growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +2.8% | +4.9% | +9.6% | +6.9% |
| Gross profit | −7.5% | +2.4% | +12.2% | +4.2% |
| Operating income | −33.8% | −8.1% | +18.1% | −0.1% |
| Net income | −50.6% | −17.3% | +14.9% | −3.9% |
| EPS (diluted) | −36.0% | −10.5% | +12.8% | +2.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SBUX quarterly EPS vs estimates
Starbucks beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: October 29, 2026 (estimate $0.72).
SBUX income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $37.18B | $36.18B | $35.98B | $32.25B | $29.06B | $23.52B | $26.51B | $24.72B | $22.39B | $21.32B |
| Cost of revenue | $28.20B | $26.47B | $26.13B | $23.88B | $20.67B | $18.46B | $19.02B | $17.40B | $15.55B | $14.57B |
| Gross profit | $8.98B | $9.71B | $9.85B | $8.37B | $8.39B | $5.06B | $7.49B | $7.32B | $6.83B | $6.74B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $2.62B | $2.52B | $2.44B | $2.03B | $1.93B | $1.68B | $1.82B | $1.71B | $1.41B | $1.41B |
| Total operating expenses | $5.40B | $4.30B | $3.98B | $3.75B | $3.52B | $3.50B | $3.41B | $3.43B | $2.70B | $2.57B |
| Operating income | $3.58B | $5.41B | $5.87B | $4.62B | $4.87B | $1.56B | $4.08B | $3.88B | $4.13B | $4.17B |
| Interest income | $113.3M | $122.8M | $81.2M | $97.0M | $90.1M | $39.7M | $96.5M | $191.4M | $275.3M | $108.0M |
| Interest expense | $542.6M | $562.0M | $550.1M | $482.9M | $469.8M | $437.0M | $331.0M | $170.3M | $92.5M | $81.3M |
| Income before taxes | $3.15B | $4.97B | $5.40B | $4.23B | $5.36B | $1.16B | $4.47B | $5.78B | $4.32B | $4.20B |
| Income taxes | $1.29B | $1.21B | $1.28B | $948.5M | $1.16B | $239.7M | $871.6M | $1.26B | $1.43B | $1.38B |
| Net income | $1.86B | $3.76B | $4.12B | $3.28B | $4.20B | $928.3M | $3.60B | $4.52B | $2.88B | $2.82B |
| EBITDA | $5.47B | $7.12B | $7.40B | $6.24B | $7.35B | $3.10B | $6.25B | $7.26B | $5.48B | $5.31B |
| EPS (diluted) | $2.12 | $3.31 | $3.55 | $2.96 | $3.24 | $1.16 | $2.83 | $2.35 | $2.07 | $1.90 |
| Gross margin | 24.2% | 26.8% | 27.4% | 26.0% | 28.9% | 21.5% | 28.2% | 29.6% | 30.5% | 31.6% |
| Operating margin | 9.6% | 15.0% | 16.3% | 14.3% | 16.8% | 6.6% | 15.4% | 15.7% | 18.5% | 19.6% |
| Net margin | 5.0% | 10.4% | 11.5% | 10.2% | 14.5% | 3.9% | 13.6% | 18.3% | 12.9% | 13.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.32B | $9.53B | $9.91B | $9.57B | $9.46B | $8.76B | $9.40B | $9.07B | $9.11B | $8.56B | $9.43B | $9.37B |
| Cost of revenue | $2.83B | $7.62B | $8.36B | $7.36B | $7.30B | $6.91B | $7.10B | $6.69B | $6.57B | $6.37B | $6.83B | $6.65B |
| Gross profit | $6.49B | $1.91B | $1.55B | $2.21B | $2.16B | $1.85B | $2.30B | $2.38B | $2.54B | $2.19B | $2.59B | $2.72B |
| Sales, general & admin | $598.8M | $618.1M | $638.8M | $642.0M | $677.2M | $632.3M | $665.8M | $644.7M | $576.0M | $654.6M | $648.0M | $635.7M |
| Total operating expenses | $5.51B | $1.14B | $638.8M | $1.26B | $1.22B | $1.25B | $1.18B | $1.07B | $1.03B | $1.09B | $1.11B | $1.01B |
| Operating income | $980.4M | $777.3M | $909.8M | $948.0M | $935.6M | $601.0M | $1.12B | $1.31B | $1.52B | $1.10B | $1.49B | $1.71B |
| Interest income | $37.2M | $37.0M | $13.0M | $31.5M | $25.6M | $28.4M | $27.8M | $26.8M | $28.1M | $34.1M | $33.8M | $30.1M |
| Interest expense | $134.6M | $137.0M | $165.0M | $145.8M | $142.3M | $127.3M | $127.2M | $140.0M | $141.3M | $140.6M | $140.1M | $143.2M |
| Income before taxes | $1.42B | $728.1M | $764.8M | $833.7M | $818.9M | $502.1M | $1.02B | $1.19B | $1.40B | $992.4M | $1.38B | $1.59B |
| Income taxes | $374.4M | $217.3M | $471.6M | $700.6M | $260.4M | $118.0M | $241.4M | $284.1M | $348.6M | $219.9M | $354.7M | $373.8M |
| Net income | $1.05B | $510.9M | $293.3M | $133.1M | $558.3M | $384.2M | $780.8M | $909.2M | $1.05B | $772.4M | $1.02B | $1.22B |
| EBITDA | $1.94B | $1.21B | $1.36B | $1.41B | $1.41B | $1.06B | $1.58B | $1.74B | $1.95B | $1.53B | $1.90B | $2.11B |
| EPS (diluted) | $0.85 | $0.50 | $0.56 | $0.52 | $0.50 | $0.41 | $0.69 | $0.80 | $0.93 | $0.68 | $0.90 | $1.06 |
| Gross margin | 69.7% | 20.1% | 15.6% | 23.1% | 22.8% | 21.1% | 24.5% | 26.2% | 27.9% | 25.6% | 27.5% | 29.0% |
| Operating margin | 10.5% | 8.2% | 9.2% | 9.9% | 9.9% | 6.9% | 11.9% | 14.4% | 16.7% | 12.8% | 15.8% | 18.2% |
| Net margin | 11.2% | 5.4% | 3.0% | 1.4% | 5.9% | 4.4% | 8.3% | 10.0% | 11.6% | 9.0% | 10.9% | 13.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SBUX's financial statements (latest annual report filed November 14, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SBUX financial results
In fiscal year 2025 (ended September 30, 2025), Starbucks reported revenue of $37.2 billion, up 2.8% from the year before. It had net income of $1.9 billion (down 50.6%), a net profit margin of 5.0%. Diluted earnings per share came to $2.12. Over five years revenue grew at an average rate of 9.6% a year.
See the SBUX stock overview for the latest quote and news, or the SBUX chart for price history and technical indicators.
SBUX income statement FAQ
What is Starbucks's annual revenue?
Starbucks reported total revenue of $37.2 billion for fiscal year 2025, which ended on September 30, 2025. That was up 2.8% from $36.2 billion the previous year.
Is Starbucks profitable?
Yes. Starbucks reported net income of $1.9 billion in fiscal 2025, a net profit margin of 5.0%; its operating margin was 9.6%.
What is Starbucks's gross margin?
Starbucks's gross margin was 24.2% in fiscal 2025: for every $100 of revenue, Starbucks kept $24 after the direct cost of its products and services.
How fast is Starbucks growing?
Revenue grew 9.6% a year on average over the last five fiscal years, from $23.5 billion to $37.2 billion.
What are Starbucks's earnings per share?
Starbucks earned $2.12 per diluted share in fiscal 2025, compared with $3.31 a year earlier.
When will Starbucks report its next earnings?
Starbucks is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does Starbucks's fiscal year end?
Starbucks's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 14, 2025.