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How Starbucks (SBUX) makes money: Q3 2026 revenue breakdown
US GAAP · $M · vs Q3 2025 · reported 07/29/2026
Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. · Wikipedia
More about the company
It was founded in 1971 by Jerry Baldwin, Zev Siegl, and Gordon Bowker at Seattle's Pike Place Market initially as a coffee bean wholesaler. Starbucks was converted into a coffee shop serving espresso-based drinks under the ownership of Howard Schultz, who was chief executive officer from 1986 to 2000 and led the aggressive expansion of the franchise across the West Coast of the United States.
Key growth driver: North America — the fastest-growing revenue line: $7,395, +7% y/y. · by the Q3 2026 report
How does Starbucks make money?
Starbucks brought in $9.32 billion of revenue in Q3 2026, down 1.4% year over year. The largest source was North America: $7.40 billion, or 79% of the total, followed by International ($1.32B, 14%) and Channel Development ($588M, 6%). Net income for the quarter was $1.04 billion, up 87% year over year.
Revenue by source, Q3 2026
- North America$7.40B · 79% · +7%
- International$1.32B · 14% · −34%
- Channel Development$588M · 6% · +22%
- Corporate & Other$17.1M · 0.2% · −50%
Shares of $9.32B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
When is SBUX’s next earnings date?
Wednesday, November 4, 2026estimated
Starbucks (SBUX) has not confirmed the date yet; Nov 4, 2026 is an estimate based on the company's past reporting schedule and may move once the date is announced. Consensus EPS forecast: $0.72 (9 analysts), vs $0.52 in the same quarter last year.
What time does SBUX report? Usually after market close: the last 4 results releases reached the SEC at 4:06 pm, 4:06 pm, 7:46 am, 4:08 pm ET.
Last report: Jul 29, 2026 (Q3 2026) — broken down in the Sankey chart below. Dates and consensus: Nasdaq / Zacks Investment Research; companies do reschedule. Who else reports this week →
All figures in $M.
Revenue
$9,323
−1.4%
Operating income
$980
+4.8%
margin 10.5% (+60bps)
Net income
$1,045
+87%
EPS diluted $0.91 (+86%)
Verdict: a messy but fundamentally healthy quarter — GAAP net income surged 87% almost entirely on a one-time $536M China divestiture gain, while underlying operating income grew a modest 5% as strong 7.9% U.S. comparable sales growth offset the loss of China company-operated revenue and elevated restructuring charges.
OCF $3.6B (9 months) · no share buybacks, 29.8M shares remain authorized · quarterly dividend $0.62/share (~$707M) · FY26 capex expected below FY25
Source and notation
* marks non-cash / ≈ estimated. Source: Starbucks Corporation press release / 10-Q (SEC EDGAR).
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
SBUX earnings history: past report dates
| Jul 29, 2026 Wed | 4:06 pmafter market close | Jun 28, 2026 | $9.3B−1% y/y | $0.91+86% y/y |
| Apr 28, 2026 Tue | 4:06 pmafter market close | Mar 29, 2026 | $9.5B+9% y/y | $0.45+32% y/y |
| Jan 28, 2026 Wed | 7:46 ambefore market open | Dec 28, 2025 | $9.9B+6% y/y | $0.26−62% y/y |
| Oct 29, 2025 Wed | 4:08 pmafter market close | Sep 28, 2025 | ≈$9.6B+5% y/y | ≈$0.11−86% y/y |
| Jul 29, 2025 Tue | 4:06 pmafter market close | Jun 29, 2025 | $9.5B+4% y/y | $0.49−47% y/y |
| Apr 29, 2025 Tue | 4:07 pmafter market close | Mar 30, 2025 | $8.8B+2% y/y | $0.34−50% y/y |
| Jan 28, 2025 Tue | 4:08 pmafter market close | Dec 29, 2024 | $9.4B−0% y/y | $0.69−23% y/y |
| Oct 22, 2024 Tue | 4:06 pmafter market close | Sep 29, 2024 | ≈$9.1B−3% y/y | ≈$0.80−25% y/y |
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Starbucks: 5-year financials
| FY2025 | 37,184 | 2,937 | 1,856 | 2,442 | 2,771 |
| FY2024 | 36,176 | 5,409 | 3,761 | 3,318 | 2,585 |
| FY2023 | 35,976 | 5,871 | 4,125 | 3,675 | 2,432 |
| FY2022 | 32,250 | 4,618 | 3,282 | 2,556 | 2,263 |
| FY2021 | 29,061 | 4,872 | 4,199 | 4,519 | 2,119 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP); the company’s fiscal year doesn’t match the calendar year so years follow the company’s own labels.
How we calculate
Figures are the annual report lines as filed, no adjustments. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing.
Corporate governance
2/2good
How the company treats minority shareholders: 2 — well, 0 — systematically poorly.
More
- Nov 2025FY2025 10-K: one class of common stock, 1,137.1M shares as of November 7, 2025. sec.gov ↗
- Nov 2025Diluted weighted average shares −3.6% over FY2020–FY2025; SBC $318M — 0.9% of revenue. data.sec.gov ↗
- Nov 2025Declared dividend rose from $2.00 (FY2022) to $2.45 per share (FY2025). data.sec.gov ↗
- Nov 2025Note 16 of the 10-K: proceedings relate to employment and labor union matters; no material cases, including shareholder suits. sec.gov ↗
Scoring: 2.0 with no deductions = 2.0 (single share class, diluted shares −3.6% over 5 years, dividend never cut and rising, no shareholder lawsuits or SEC cases)
- Share classes
- One class of common stock (Nasdaq: SBUX), one vote per share.
- Dilution
- Diluted shares −3.6% over FY2020–FY2025; SBC 0.9% of revenue.
- Disclosure
- Full reporting, no violations.
- Dividends
- Dividend not cut even in 2020; raised every year ($2.00 FY2022 → $2.45 FY2025); buybacks were paused (FY2021, FY2025) — not a policy breach.
- Lawsuits & regulators
- Note 16 of the 10-K: employment and union matters; the company is “not a party to any material proceedings”; no shareholder lawsuits or SEC cases.
- Related parties
- No material related-party transactions.
How the score works · checked as of Sep 2026
Starbucks (SBUX) earnings: FAQ
How does Starbucks make money?
Starbucks brought in $9.32 billion of revenue in Q3 2026, down 1.4% year over year. The largest source was North America: $7.40 billion, or 79% of the total, followed by International ($1.32B, 14%) and Channel Development ($588M, 6%). Net income for the quarter was $1.04 billion, up 87% year over year.
When is SBUX's next earnings date?
Starbucks (SBUX) has not confirmed the date yet; Nov 4, 2026 is an estimate based on its past reporting schedule.
What time does SBUX report earnings?
Starbucks usually reports after market close: its latest results release was filed with the SEC at 4:06 pm ET on Jul 29, 2026.
When did SBUX last report earnings?
Starbucks reported Q3 2026 results on Jul 29, 2026.
What is the EPS estimate for SBUX's next earnings?
The consensus EPS forecast is $0.72 (9 analysts), vs $0.52 in the same quarter last year.
Where can I find Starbucks's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to SBUX's filings; this page breaks the latest report down in a Sankey chart.
What was SBUX's net income in Q3 2026?
Starbucks reported net income of $1,045M for Q3 2026 (+87% year over year), under US GAAP.
Does Starbucks pay dividends?
Yes. In fiscal 2025, Starbucks paid $2,771M in dividends on its common stock, per its 10-K. Earlier years are in the five-year table above.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report. Figures checked against the filing on 08/25/2026. How we make the breakdowns · Report an error
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