SuperworthStarbucks profit margin SBUX
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 5.2%
- Operating margin, 12 months
- 7.8%
- Net margin on a year earlier
- −2.0 pts
- Peer median
- 11.4%
Over the twelve months to Jun 28, 2026, Starbucks kept 5.2% of its revenue as net profit, with an operating margin of 7.8% and a gross margin of 67.7%.
Five years earlier its net margin was 10.4%.
The median for 7 restaurant stocks of a similar size is 11.4%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 5.0% | 7.9% | 68.6% |
| FY2024 | 10.4% | 15.0% | 69.1% |
| FY2023 | 11.5% | 16.3% | 68.3% |
| FY2022 | 10.2% | 14.3% | 68.0% |
| FY2021 | 14.5% | 16.8% | 69.9% |
| FY2020 | 3.9% | 6.6% | 67.3% |
| FY2019 | 13.6% | 15.4% | 67.8% |
| FY2018 | 18.3% | 15.7% | 67.9% |
| FY2017 | 12.9% | 18.5% | 59.6% |
| FY2016 | 13.2% | 19.6% | 60.1% |
| FY2015 | 14.4% | 18.8% | 59.4% |
| FY2014 | 12.6% | 18.7% | 58.3% |
| FY2013 | 0.1% | −2.2% | 57.1% |
| FY2012 | 10.4% | 15.0% | 26.8% |
| FY2011 | 10.6% | 14.8% | 27.3% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q3 FY26 | 5.2% | −2.0 pts | 7.8% | |
| Q2 FY26 | 3.9% | −4.7 pts | 7.6% | |
| Q1 FY26 | 3.6% | −6.1 pts | 7.2% | |
| Q4 FY25 | 5.0% | −5.4 pts | 7.9% | |
| Q3 FY25 | 7.2% | −4.0 pts | 10.8% | |
| Q2 FY25 | 8.6% | −2.8 pts | 12.5% | |
| Q1 FY25 | 9.7% | −2.0 pts | 14.0% | |
| Q4 FY24 | 10.4% | −1.1 pts | 15.0% | |
| Q3 FY24 | 11.2% | +0.4 pts | 15.9% | |
| Q2 FY24 | 11.4% | +0.9 pts | 16.1% | |
| Q1 FY24 | 11.7% | +1.6 pts | 16.6% | |
| Q4 FY23 | 11.5% | +1.3 pts | 16.3% |
Against its peers
Companies in Restaurants nearest Starbucks' size, closest first, today.
| Company | Profit margin |
|---|---|
| SBUXStarbucks | 5.2% |
| MCDMcDonald's | 31.7% |
| YUMYum! Brands | 25.4% |
| CMGChipotle Mexican Grill | 11.4% |
| QSRRestaurant Brands International | 13.1% |
| DRIDarden Restaurants | 8.8% |
| YUMCYum China | 7.8% |
| ARMKAramark | 1.9% |
| Peer median | 11.4% |
Where Starbucks ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Starbucks
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.