OpenNashEarnings

Restaurants · Nasdaq: SBUX

Starbucks earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends September · next results expected around 27 Jan 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q4 FY2026

Starbucks reported Q4 consolidated net revenues down 4% to $9.1 billion, global comparable coffeehouse sales up 7.2%, GAAP EPS of $0.59 (up 392%) and non-GAAP EPS of $0.80 (up 54%).

Starbucks closed fiscal 2026 with global comparable coffeehouse sales up 7.2% in Q4, its fifth straight quarter of comp growth. Net revenues fell 4% to $9.1 billion because China retail moved to a licensed joint venture. Non-GAAP operating margin rose to 14.0% from 9.4%, and non-GAAP EPS reached $0.80. North America drove the gain, with U.S. comps up 7.7%. About 250 weaker North America stores were closed in September.

Read the Q4 FY2026 summary →Q4 FY2026 slides (PDF) ↗Official transcript (PDF) ↗

Quarters

KPI history

Revenue$9.3B−1.4% y/yQ3 FY26
Q4 FY24: $9.1B (worked out from the annual figure)Q4 24$9.1BQ1 FY25: $9.4BQ1 25$9.4BQ2 FY25: $8.8BQ2 25$8.8BQ3 FY25: $9.5BQ3 25$9.5BQ4 FY25: $9.6B (worked out from the annual figure)Q4 25$9.6BQ1 FY26: $9.9BQ1 26$9.9BQ2 FY26: $9.5BQ2 26$9.5BQ3 FY26: $9.3BQ3 26$9.3B

Fourth quarter worked out from the annual figure.

Data
Q4 FY24$9.1B *
Q1 FY25$9.4B
Q2 FY25$8.8B
Q3 FY25$9.5B
Q4 FY25$9.6B *
Q1 FY26$9.9B
Q2 FY26$9.5B
Q3 FY26$9.3B
Diluted EPS (GAAP)$0.91+85.7% y/yQ3 FY26
Q1 FY25: $0.69Q1 25$0.69Q2 FY25: $0.34Q2 25$0.34Q3 FY25: $0.49Q3 25$0.49Q1 FY26: $0.26Q1 26$0.26Q2 FY26: $0.45Q2 26$0.45Q3 FY26: $0.91Q3 26$0.91
Data
Q1 FY25$0.69
Q2 FY25$0.34
Q3 FY25$0.49
Q1 FY26$0.26
Q2 FY26$0.45
Q3 FY26$0.91

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin10.5%+0.6 pts y/yQ3 FY26
Q4 FY24: 14.4%Q4 2414.4%Q1 FY25: 11.9%Q1 2511.9%Q2 FY25: 6.9%Q2 256.9%Q3 FY25: 9.9%Q3 259.9%Q4 FY25: 2.9%Q4 252.9%Q1 FY26: 9.0%Q1 269.0%Q2 FY26: 8.7%Q2 268.7%Q3 FY26: 10.5%Q3 2610.5%
Data
Q4 FY2414.4%
Q1 FY2511.9%
Q2 FY256.9%
Q3 FY259.9%
Q4 FY252.9%
Q1 FY269.0%
Q2 FY268.7%
Q3 FY2610.5%
Free cash flow$1.4B+211.0% y/yQ3 FY26
Q4 FY24: $737.4MQ4 24$737.4MQ1 FY25: $1.4BQ1 25$1.4BQ2 FY25: -$297.2MQ2 25-$297.2MQ3 FY25: $434.3MQ3 25$434.3MQ4 FY25: $925.8MQ4 25$925.8MQ1 FY26: $1.3BQ1 26$1.3BQ2 FY26: $91.8MQ2 26$91.8MQ3 FY26: $1.4BQ3 26$1.4B
Data
Q4 FY24$737.4M
Q1 FY25$1.4B
Q2 FY25-$297.2M
Q3 FY25$434.3M
Q4 FY25$925.8M
Q1 FY26$1.3B
Q2 FY26$91.8M
Q3 FY26$1.4B

Operating cash flow minus capital expenditure, from cash flow statements.

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue$9.1Bd$9.4B$8.8B$9.5B$9.6Bd$9.9B$9.5B$9.3B
Operating income$1.3Bd$1.1B$601.0M$935.6M$278.2Md$890.8M$828.1M$980.4M
Operating margin14.4%11.9%6.9%9.9%2.9%9.0%8.7%10.5%
Net income$909.2Md$780.8M$384.2M$558.3M$133.2Md$293.3M$510.9M$1.0B
Diluted EPS—$0.69$0.34$0.49—$0.26$0.45$0.91
Operating cash flow$1.5Bd$2.1B$292.0Md$1.0Bd$1.4Bd$1.6B$364.5Md$1.6Bd
Capital expenditure$798.2Md$692.9M$589.2Md$567.4Md$456.0Md$323.7M$272.7Md$291.4Md
Free cash flow$737.4M$1.4B-$297.2M$434.3M$925.8M$1.3B$91.8M$1.4B

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings