Starbucks Revenue & Financials

Starbucks reported $37.184 billion in net revenue for fiscal 2025, the 52 weeks ended September 28, 2025, up 2.8% from $36.176 billion in fiscal 2024. Operating income fell to $2.937 billion from $5.409 billion, and GAAP operating margin declined to 7.9% from 15.0%. Net earnings attributable to Starbucks were $1.856 billion, down from $3.761 billion. The company attributed much of the operating-margin decline to restructuring and store closures, sales deleverage, labor investment and inflation. These are fiscal-year results from its Form 10-K. For the separate 13-week third quarter ended June 28, 2026, Starbucks reported $9.323 billion in net revenue, down 1.4% year over year. Global comparable-store sales increased 7.9%, while GAAP operating margin was 10.5%; the company also reported a 14.4% non-GAAP operating margin. The two margin measures use different definitions and should be labeled when compared. The quarter included a $536.3 million gain from divesting Starbucks retail operations in China. Its $1.045 billion GAAP net earnings therefore include a transaction gain and do not, by themselves, show a matching increase in recurring coffeehouse profit. The China retail business was reported as a company-operated business for the first half of fiscal 2026 and under a joint-venture licensee structure in the second half, which also changes revenue comparability. The annual table below covers complete fiscal years through 2025. The Q3 fiscal 2026 results are a quarterly update, not an audited full-year revenue row. Read Starbucks' Form 10-K and Q3 earnings release in the cited sources for the reporting periods, GAAP figures and non-GAAP reconciliation.