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Operating Margin for Starbucks (SBUX)

As of · Reported

Metric

TTM

9.3%

YoY change

−5.32pp

Trough year (2013)

-2.2%

Peak year (2016)

19.6%

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

Latest: 9.6%

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

Latest: −5.32pp

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

  • 20259.6%-5.32pp
  • 202415.0%-1.37pp
  • 202316.3%+2.00pp
  • 202214.3%-2.45pp
  • 202116.8%+10.12pp
  • 20206.6%-8.74pp
  • 201915.4%-0.33pp
  • 201815.7%-2.76pp
  • 201718.5%-1.10pp
  • 201619.6%+0.78pp
  • 201518.8%+0.06pp
  • 201418.7%+20.92pp
  • 2013-2.2%-17.23pp
  • 201215.0%+0.27pp
  • 201114.8%+1.52pp
  • 201013.3%+7.51pp
  • 20095.7%+0.90pp
  • 20084.9%-6.35pp
  • 200711.2%-0.28pp
  • 200611.5%-0.78pp
  • 200512.3%+0.80pp
  • 200411.5%+1.04pp
  • 200310.4%+0.73pp
  • 20029.7%-0.92pp
  • 200110.6%-0.11pp
  • 200010.7%+1.20pp
  • 19999.5%+0.41pp
  • 19989.1%+0.26pp
  • 19978.8%+0.75pp
  • 19968.1%-0.52pp
  • 19958.6%+0.48pp
  • 19948.1%+0.19pp
  • 19938.0%+1.08pp
  • 19926.9%+1.68pp
  • 19915.2%—

Operating 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 Operating Margin at Starbucks (SBUX)

According to Starbucks's latest reported financial statements, the company's latest reported operating margin is 9.3%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

In 2025, Starbucks (SBUX) operating margin totalled 9.63% – contracted 5.3 percentage points year-over-year.

The record annual operating margin stands at 19.57%, reached in 2016; the historical low of -2.19% was recorded in 2013.

Starbucks Operating Margin by Year

Starbucks Operating Margin 2025: 9.6%

In 2025, Starbucks reported operating margin of 9.63%, contracted 5.3 percentage points from 2024.

Starbucks Operating Margin 2024: 15.0%

Starbucks operating margin in 2024 was 14.95%, contracted 1.4 percentage points from 2023.

Starbucks Operating Margin 2023: 16.3%

2023's operating margin for Starbucks came in at 16.32%, expanded 2.0 percentage points from 2022.

Starbucks Operating Margin 2022: 14.3%

Starbucks posted operating margin of 14.32% in 2022, contracted 2.4 percentage points from 2021.

Starbucks Operating Margin 2021: 16.8%

Starbucks operating margin in 2021 was 16.77%.

See more financial history for Starbucks (SBUX).

Sector peers by Operating Margin

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

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