Starbucks Corporation SBUX

94.86 1.21 1.29% as of 25 Sep
Market cap
$106.5B
P/E
54.5×
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Starbucks Corporation (SBUX) Operating margin

Starbucks Corporation's operating margin over the twelve months to 30 June 2026 was 7.77%, down 0.1 percentage points from fiscal 2025 (7.90%). Over the past ten years it has ranged from 6.64% (fiscal 2020) to 19.6% (fiscal 2016); the current reading is higher than 18% of that period. That is above the Restaurants industry median of 4.30% and above the Consumer Cyclical sector median of 3.34%.

Operating margin, annual

Annual

Period Operating margin Change (points)
FY2025 7.90% (7.05)
FY2024 15.0% (1.37)
FY2023 16.3% 2.00
FY2022 14.3% (2.45)
FY2021 16.8% 10.13
FY2020 6.64% (8.74)
FY2019 15.4% (0.33)
FY2018 15.7% (2.76)
FY2017 18.5% (1.10)
FY2016 19.6% 0.78

Quarterly

Period Operating margin Change (points)
Jun 2026 10.5% 1.83
Mar 2026 8.69% (0.29)
Dec 2025 8.98% 6.07
Sep 2025 2.91% (6.98)
42 more quarters

Against its own ten years

Low 6.64% High 19.6%
Ten-year median 15.7%
Current reading's percentile 18

Operating margin against peers

Company Operating margin
MCD McDonald's Corporation compare 46.2%
YUM Yum! Brands, Inc. compare 31.0%
QSR Restaurant Brands International Inc. compare 26.9%
DPZ Domino's Pizza Inc compare 19.5%
CMG Chipotle Mexican Grill, Inc. compare 14.7%
DRI Darden Restaurants, Inc. compare 12.0%
YUMC Yum China compare 11.1%
SBUX Starbucks Corporation 7.77%
TXRH Texas Roadhouse, Inc. compare 7.75%
Restaurants industry median 4.30%
Consumer Cyclical sector median 3.34%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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