Starbucks
Operates and licenses coffeehouses and sells packaged coffee through retail partners.
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Profile
Sells coffee, tea, food, and merchandise through company-operated and licensed coffeehouses, while Channel Development distributes packaged and ready-to-drink products through partners. North America supplies most revenue, and China retail now operates through a licensed joint venture.
Roasts and sells coffee, handcrafted beverages, tea, food, and merchandise through company-operated and licensed coffeehouses. Reporting spans North America, International, and Channel Development; the latter takes packaged coffee, single-serve products, foodservice offerings, and ready-to-drink beverages beyond the store network through partners including Nestlé and PepsiCo.
Combines high-traffic retail locations with standardized service, digital ordering, stored-value cards, and Rewards. The Back to Starbucks reset is investing in staffing, order flow, coffeehouse experience, and a more selective store portfolio.
Most revenue still comes from North America, making U.S. store traffic and execution central to results. International expansion depends partly on licensees; China retail now operates through a Boyu Capital joint venture, while the brand and intellectual property remain owned and licensed by Starbucks.
Company facts
Key statistics
Year to date +28.4% · Average volume (30d) 7.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Target |
|---|---|---|---|---|---|
| Aug 18, 2026 | Needham | Target | $120 | ||
| Aug 3, 2026 | Morgan Stanley | Downgrade | Overweight | Underweight | |
| Aug 3, 2026 | Bernstein | Downgrade | Outperform | Market Perform | |
| Aug 3, 2026 | Cowen & Co. | Initiate | Buy | ||
| Aug 3, 2026 | Guggenheim | Initiate | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q3 FY26 | $0.66 | $0.85 | +28.8% | $9.17B | $9.32B | +1.6% | +1.64% |
| Apr 28, 2026Q2 FY26 | $0.43 | $0.50 | +17.6% | $9.17B | $9.53B | +4.0% | +8.45% |
| Jan 28, 2026Q1 FY26 | $0.59 | $0.56 | −4.4% | $9.65B | $9.92B | +2.7% | −1.35% |
| Oct 29, 2025Q4 FY25 | $0.56 | $0.52 | −6.5% | $9.33B | $9.57B | +2.6% | −1.21% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $8.76B | $9.46B | $9.57B | $9.91B | $9.53B | $9.32B | |
| Gross profit | $1.85B | $2.16B | $2.21B | $1.55B | $1.91B | $6.49B | |
| Operating income | $601.0M | $935.6M | $948.0M | $909.8M | $777.3M | $980.4M | |
| Net income | $384.2M | $558.3M | $133.1M | $293.3M | $510.9M | $1.05B | |
| Diluted EPS | $0.34 | $0.49 | $0.12 | $0.26 | $0.45 | $0.91 | |
| Gross margin | 21.1% | 22.8% | 23.1% | 15.6% | 20.1% | 69.7% | |
| Operating margin | 6.9% | 9.9% | 9.9% | 9.2% | 8.2% | 10.5% |
Fiscal years (4-quarter sums)FY21 $29.06B · FY22 $32.25B · FY23 $35.98B · FY24 $36.18B · FY25 $37.18B
Revenue by product · Q3 FY26
Revenue by geography · Q3 FY26
Balance sheet, Jun 28, 2026Cash & short-term investments $3.61B · Total debt $22.43B · Total assets $28.29B · Shareholders' equity −$7.67B
Dividends
Raised for 14 straight years — most recently to $0.62 from $0.61 in Nov 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2026 | Aug 14 | Aug 28 | $0.62 | |
| May 15, 2026 | May 15 | May 29 | $0.62 | |
| Feb 13, 2026 | Feb 13 | Feb 27 | $0.62 | |
| Nov 14, 2025 | Nov 14 | Nov 28 | $0.62 | raised from $0.61 |
| Aug 15, 2025 | Aug 15 | Aug 29 | $0.61 | |
| May 16, 2025 | May 16 | May 30 | $0.61 | |
| Feb 14, 2025 | Feb 14 | Feb 28 | $0.61 | |
| Nov 15, 2024 | Nov 15 | Nov 29 | $0.61 | raised from $0.57 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 1.14B · Float 1.14B · 99.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Capital Research Global Investors | 109.65M | 9.62% | 13F | Aug 12, 2026 |
| Capital World Investors | 91.48M | 8.02% | 13F | Aug 12, 2026 |
| BlackRock, Inc. | 83.22M | 7.30% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 74.43M | 6.53% | 13F | Aug 13, 2026 |
| State Street Corp | 49.26M | 4.32% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 5, 2026 | Brady Brewer | officer: ceo, International | −2,229 | $105.99 |
| Jul 6, 2026 | Brady Brewer | officer: ceo, International | −2,229 | $104.00 |
| Jun 11, 2026 | Brady Brewer | officer: ceo, International | −588 | $100.00 |
| Jun 5, 2026 | Brady Brewer | officer: ceo, International | −1,641 | $94.33 |
| May 5, 2026 | Brady Brewer | officer: ceo, International | −2,229 | $104.81 |
Peers
- McDonald's
McCafé deploys coffee across 40,000 global QSR locations at value price points.
- Dutch Bros
Drive-thru specialty coffee chain taking US market share with cold drinks.
- Restaurant Brands International
Tim Hortons leads Canadian everyday coffee, Starbucks second-largest market.
- Keurig Dr Pepper
Keurig platform owner where Starbucks K-Cups compete for at-home shelf.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Starbucks | $108.15 | +0.30% | $122.95B | 62.0 | 36.0 | 3.2 | −1.4% |
| McDonald's | $265.11 | +0.04% | $188.28B | 21.5 | 20.0 | 6.8 | +3.7% |
| Dutch Bros | $50.04 | +0.27% | $8.62B | 69.3 | 45.4 | 4.6 | +32.5% |
| Restaurant Brands International | $78.50 | +0.29% | $27.15B | 23.1 | 18.5 | 2.8 | +4.6% |
| Keurig Dr Pepper | $32.50 | +1.03% | $43.78B | 32.4 | 13.1 | 2.2 | +75.6% |
| Median | 27.7 | 19.2 | 3.7 | +18.5% |