SBUX Starbucks margins

Relative Growth: Rel. Growth: 50

Relative Strength: Rel. Strength: 54

Relative Valuation: Rel. Valuation: 27

Relative Profitability: Rel. Profitability: 41

Gross margin

67.7%

Operating margin

EBITDA margin

13.8%

Net margin

5.2%

The Starbucks reports a gross margin of 67.7%, an operating margin of 7%, an EBITDA margin of 13.8%, and a net margin of 5.2%. All available margins contracted year over year, led by operating margin with a decline of 3.1 percentage points.

SBUX margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Starbucks's margins averaged 68.57% gross, 11.53% operating, 17.15% EBITDA, and 8.28% net. All four current margins are below their three-year averages.

SBUX margin expansion

Year-over-year margin changes in percentage points

Starbucks's gross margin contracted by 1.2 percentage points, operating margin by 3.1 percentage points, EBITDA margin by 2 percentage points, and net margin by 2 percentage points, led by operating margin with a decline of 3.1 percentage points.

Gross margin expansion

-1.2pp

Operating margin expansion

-3.1pp

EBITDA margin expansion

-2pp

Net margin expansion

-2pp

SBUX Gross margin

Starbucks recorded an average gross margin of 68.57% across the last 3 years. At present, the current gross margin for Starbucks is 67.7%, 0.9 percentage points below its three-year average. The gross margin for Starbucks moved between 67.5% in Mar 2026 and 69.3% in Dec 2024.

SBUX Operating margin

Over the last 3 years, Starbucks recorded an average operating margin of 11.53%. The current operating margin of 7% is 4.5 percentage points below its three-year average. The highest operating margin for Starbucks was 15.8% in Dec 2023, while the lowest was 6.5% in Dec 2025.

SBUX EBITDA margin

The average EBITDA margin for Starbucks was 17.15% during the last 3 years. Starbucks currently reports an EBITDA margin of 13.8%, 3.4 percentage points below its three-year average. The EBITDA margin for Starbucks moved between 12.1% in Dec 2025 and 21% in Dec 2023.

SBUX Net margin

Over the last 3 years, the average net margin for Starbucks was 8.28%. The latest net margin for Starbucks is 5.2%, 3.1 percentage points below its three-year average. Starbucks's net margin ranged from a low of 3.6% in Dec 2025 to a high of 11.7% in Dec 2023.

SBUX margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 67.7%, SBUX is above the Consumer Cyclical sector, the industry and its peers average. Compared to its Consumer Cyclical sector average of 36.3%, Starbucks's gross margin is 87% higher.

SBUX margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Starbucks's gross margin?

The current gross margin for SBUX is 67.7% as of Jun 28, 2026.

What is Starbucks's operating margin?

The current operating margin for SBUX is 7% as of Jun 28, 2026.

What is Starbucks's EBITDA margin?

For the period ending Jun 28, 2026, SBUX recorded an EBITDA margin of 13.8%.

What is Starbucks's net margin?

The current net margin for SBUX is 5.2% as of Jun 28, 2026.

What are the average margins of SBUX?

Starbucks's gross, operating, EBITDA, and net margins averaged 68.6% gross, 11.5% operating, 17.2% EBITDA, and 8.3% net over the last 3 years.

What are the highest historical margins of SBUX?

Over the last 5 years, Starbucks's highest margins were 69.9% gross in Oct 2021, 15.8% operating in Dec 2023, 25.3% EBITDA in Oct 2021, and 14.5% net in Jan 2022.

What are the lowest historical margins of SBUX?

Starbucks's lowest recorded margins during the past 5 years were 67.5% gross in Mar 2026, 6.5% operating in Dec 2025, 12.1% EBITDA in Dec 2025, and 3.6% net in Dec 2025.