What is Starbucks's EBITDA margin?

Latest reported EBITDA margin for Starbucks (SBUX) is 13.95% as of the trailing twelve months (TTM) ending March 29, 2026.

How has Starbucks EBITDA margin changed year-over-year?

Starbucks (SBUX) EBITDA margin changed −5.2 percentage points year-over-year on the latest annual filing.

When did Starbucks EBITDA margin hit its highest annual value?

Starbucks EBITDA margin reached its highest annual value of 29.35% in 2018.

What was Starbucks EBITDA margin in 2024?

Starbucks (SBUX) EBITDA margin in 2024 was 19.69%.

What was Starbucks EBITDA margin in 2025?

Starbucks (SBUX) EBITDA margin in 2025 was 14.47%.

Starbucks (SBUX) EBITDA Margin — Annual & Quarterly %

TTM

13.9%

YoY change

−5.23pp

Trough year (2013)

3.1%

Peak year (2018)

29.4%

EBITDA Margin history chart for Starbucks (SBUX) from 1991 to 2025

Latest: 14.5%

EBITDA Margin change chart for Starbucks (SBUX) from 1991 to 2025

Latest: −5.23pp

EBITDA Margin history table for Starbucks (SBUX) from 1991 to 2025


2025	14.5%	-5.23pp	Sep 28, 2025	Nov 14, 2025
2024	19.7%	-0.88pp	Sep 30, 2024	Nov 20, 2024
2023	20.6%	+1.21pp	Sep 30, 2023	Nov 17, 2023
2022	19.4%	-5.93pp	Sep 30, 2022	Nov 18, 2022
2021	25.3%	+12.09pp	Sep 30, 2021	Nov 19, 2021
2020	13.2%	-10.36pp	Sep 30, 2020	Nov 12, 2020
2019	23.6%	-5.79pp	Sep 30, 2019	Nov 15, 2019
2018	29.4%	+4.89pp	Sep 30, 2018	Nov 16, 2018
2017	24.5%	-0.45pp	Sep 30, 2017	Nov 17, 2017
2016	24.9%	-0.70pp	Sep 30, 2016	Nov 18, 2016
2015	25.6%	+1.46pp	Sep 30, 2015	Nov 12, 2015
2014	24.2%	+21.10pp	Sep 30, 2014	Nov 14, 2014
2013	3.1%	-17.08pp	Sep 30, 2013	Nov 18, 2013
2012	20.1%	-0.34pp	Sep 30, 2012	Nov 16, 2012
2011	20.5%	+1.69pp	Sep 30, 2011	Nov 18, 2011
2010	18.8%	+6.89pp	Sep 30, 2010	Nov 22, 2010
2009	11.9%	+1.13pp	Sep 30, 2009	Nov 20, 2009
2008	10.8%	-5.66pp	Sep 30, 2008	Nov 24, 2008
2007	16.4%	-0.38pp	Sep 30, 2007	Nov 29, 2007
2006	16.8%	-1.37pp	Sep 30, 2006	Dec 21, 2006
2005	18.2%	+0.57pp	Sep 30, 2005	Dec 16, 2005
2004	17.6%	+0.83pp	Sep 30, 2004	Feb 18, 2005
2003	16.8%	+0.37pp	Sep 30, 2003	Jun 23, 2004
2002	16.4%	-0.88pp	Sep 30, 2002	Feb 12, 2003
2001	17.3%	+0.02pp	Sep 30, 2001	Dec 20, 2001
2000	17.3%	+1.36pp	Sep 30, 2000	Dec 22, 2000
1999	15.9%	+0.63pp	Sep 30, 1999	Dec 23, 1999
1998	15.3%	+0.40pp	Sep 30, 1998	Dec 28, 1998
1997	14.9%	+1.14pp	Sep 30, 1997	Dec 23, 1997
1996	13.7%	-0.21pp	Sep 30, 1996	Apr 24, 1997
1995	14.0%	+1.42pp	Sep 30, 1995	Sep 30, 1995
1994	12.5%	+0.42pp	Sep 30, 1994	Sep 30, 1994
1993	12.1%	+1.37pp	Sep 30, 1993	Sep 30, 1993
1992	10.7%	+0.52pp	Sep 30, 1992	Sep 30, 1992
1991	10.2%	—	Sep 30, 1991	Sep 30, 1991

202514.5%-5.23pp
202419.7%-0.88pp
202320.6%+1.21pp
202219.4%-5.93pp
202125.3%+12.09pp
202013.2%-10.36pp
201923.6%-5.79pp
201829.4%+4.89pp
201724.5%-0.45pp
201624.9%-0.70pp
201525.6%+1.46pp
201424.2%+21.10pp
20133.1%-17.08pp
201220.1%-0.34pp
201120.5%+1.69pp
201018.8%+6.89pp
200911.9%+1.13pp
200810.8%-5.66pp
200716.4%-0.38pp
200616.8%-1.37pp
200518.2%+0.57pp
200417.6%+0.83pp
200316.8%+0.37pp
200216.4%-0.88pp
200117.3%+0.02pp
200017.3%+1.36pp
199915.9%+0.63pp
199815.3%+0.40pp
199714.9%+1.14pp
199613.7%-0.21pp
199514.0%+1.42pp
199412.5%+0.42pp
199312.1%+1.37pp
199210.7%+0.52pp
199110.2%—

EBITDA Margin values are taken from Starbucks's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About EBITDA Margin at Starbucks (SBUX)

According to Starbucks's latest reported financial statements, the company's latest reported EBITDA margin is 13.9%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.

Headline figure above is from the reporting period ending March 29, 2026 (reported April 28, 2026). Chart and table below cover the full reported history back to 1991.

As of the 2025 fiscal year, Starbucks (SBUX) reported EBITDA margin of 14.47% – contracted 5.2 percentage points year-over-year.

The highest annual EBITDA margin of 29.35% was reported in 2018. The lowest in the available history was 3.05% in 2013.

Starbucks EBITDA Margin by Year

Starbucks EBITDA Margin 2025: 14.5%

In 2025, Starbucks reported EBITDA margin of 14.47%, contracted 5.2 percentage points from 2024.

Starbucks EBITDA Margin 2024: 19.7%

Starbucks EBITDA margin in 2024 was 19.69%, contracted 0.9 percentage points from 2023.

Starbucks EBITDA Margin 2023: 20.6%

2023's EBITDA margin for Starbucks came in at 20.58%, expanded 1.2 percentage points from 2022.

Starbucks EBITDA Margin 2022: 19.4%

Starbucks posted EBITDA margin of 19.36% in 2022, contracted 5.9 percentage points from 2021.

Starbucks EBITDA Margin 2021: 25.3%

Starbucks EBITDA margin in 2021 was 25.29%.

See more financial history for Starbucks (SBUX).

Sector peers by EBITDA Margin

Consumer Cyclical peers of Starbucks (SBUX), ranked by their latest EBITDA margin


McDonald's (MCD)	54.4%
Booking Holdings (BKNG)	34.4%
PDD Holdings (PDD)	30.3%
Amazon (AMZN)	23.1%
Alibaba (BABA)	14.1%
TJX Companies (TJX)	14.0%
Home Depot (HD)	13.9%
Tesla (TSLA)	10.7%

Frequently asked questions

Starbucks (SBUX) Key Financials

Charts, filings, and peer comparison for every metric

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation