Operating Income for Starbucks (SBUX)
According to Starbucks's latest reported financial statements, the company's current operating income (TTM) is $3.39B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
SBUX
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$3.39B
YoY change
-33.8%
5Y CAGR
+18.1%
Peak year (2023)
$5.87B
Cumulative operating income
$59.85B
Operating Income history chart for Starbucks (SBUX) from 1991 to 2025
Operating Income history table for Starbucks (SBUX) from 1991 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $3.58B | -33.8% | ||
| 2024 | $5.41B | -7.9% | ||
| 2023 | $5.87B | +27.1% | ||
| 2022 | $4.62B | -5.2% | ||
| 2021 | $4.87B | +212.0% | ||
| 2020 | $1.56B | -61.7% | ||
| 2019 | $4.08B | +5.0% | ||
| 2018 | $3.88B | -6.1% | ||
| 2017 | $4.13B | -0.9% | ||
| 2016 | $4.17B | +15.9% | ||
| 2015 | $3.60B | +16.9% | ||
| 2014 | $3.08B | -1046.9% | ||
| 2013 | -$325.40M | -116.3% | ||
| 2012 | $2.00B | +15.6% | ||
| 2011 | $1.73B | +21.8% | ||
| 2010 | $1.42B | +152.6% | ||
| 2009 | $562.00M | +11.5% | ||
| 2008 | $503.90M | -52.2% | ||
| 2007 | $1.05B | +17.9% | ||
| 2006 | $893.95M | +14.5% | ||
| 2005 | $780.62M | +28.7% | ||
| 2004 | $606.59M | +42.8% | ||
| 2003 | $424.71M | +33.3% | ||
| 2002 | $318.73M | +13.4% | ||
| 2001 | $281.09M | +20.9% | ||
| 2000 | $232.55M | +45.4% | ||
| 1999 | $159.90M | +34.1% | ||
| 1998 | $119.20M | +38.1% | ||
| 1997 | $86.30M | +52.7% | ||
| 1996 | $56.50M | +40.9% | ||
| 1995 | $40.10M | +72.8% | ||
| 1994 | $23.20M | +78.5% | ||
| 1993 | $13.00M | +103.1% | ||
| 1992 | $6.40M | +113.3% | ||
| 1991 | $3.00M | — |
Operating Income values are taken from Starbucks's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Starbucks (SBUX) most recent annual operating income stands at $3.58B (2025) – plunged 33.8% year-over-year.
Starbucks operating income has recorded the values shown across consecutive periods, with a +18.1% compound annual growth rate over 2020–2025 (5 years).
Starbucks operating income peaked at $5.87B in 2023; the latest annual figure is $3.58B in 2025 (39.0% below peak).
2023 marks the peak operating income at $5.87B, with the historical low of -$325.40M recorded in 2013.
Within Consumer Cyclical, Starbucks (SBUX) ranks 9th among 8 peers we track. The peer median for operating income is $16.64B.
Starbucks Operating Income by Year
Starbucks Operating Income 2025: $3.58B
Starbucks operating income in 2025 was $3.58B, plunged 33.8% below 2024.
Starbucks Operating Income 2024: $5.41B
Starbucks operating income in 2024 was $5.41B, declined 7.9% below 2023.
Starbucks Operating Income 2023: $5.87B
Starbucks operating income in 2023 was $5.87B, grew 27.1% from 2022. This figure represents the highest annual value in the available history.
Starbucks Operating Income 2022: $4.62B
Starbucks operating income in 2022 was $4.62B, declined 5.2% below 2021.
Starbucks Operating Income 2021: $4.87B
Starbucks operating income in 2021 was $4.87B.
See more financial history for Starbucks (SBUX).
Sector peers — Operating Income
Companies in the same sector as Starbucks, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Alibaba Group Holding Limited (BABA) | $140.91B | Consumer Cyclical |
| PDD Holdings Inc. (PDD) | $92.05B | Consumer Cyclical |
| Amazon.com, Inc. (AMZN) | $79.97B | Consumer Cyclical |
| The Home Depot, Inc. (HD) | $20.89B | Consumer Cyclical |
| McDonald's Corporation (MCD) | $12.39B | Consumer Cyclical |
| Booking Holdings Inc. (BKNG) | $9.28B | Consumer Cyclical |
| The TJX Companies, Inc. (TJX) | $7.18B | Consumer Cyclical |
| Tesla, Inc. (TSLA) | $4.36B | Consumer Cyclical |
Frequently asked questions
What is Starbucks's operating income?
- Latest reported operating income for Starbucks (SBUX) is $3.39B (period ending December 28, 2025).
How has Starbucks operating income changed year-over-year?
- Starbucks (SBUX) operating income changed -33.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Starbucks operating income?
- Starbucks (SBUX) operating income compound annual growth rate is +18.1% over the most recent 5 years available.
When did Starbucks operating income hit its highest annual value?
- Starbucks operating income reached its highest annual value of $5.87B in 2023.
What was Starbucks operating income in 2024?
- Starbucks (SBUX) operating income in 2024 was $5.41B.
What was Starbucks operating income in 2025?
- Starbucks (SBUX) operating income in 2025 was $3.58B.
Metrics overview
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