Filing Flows › Starbucks (SBUX) › Q3 FY26 › vs Q3 FY25
Starbucks (SBUX) Q3 FY26 vs Q3 FY25 (year over year)
Starbucks's revenue fell $133M (-1%) from $9.5B in Q3 FY25 to $9.3B in Q3 FY26. The biggest changes: Beverage (1) −$308M (-5%); Other (3) +$98.9M (+5%); Food (2) +$75.8M (+4%). Operating margin 10.5% against 9.9% (+0.6 pts).
Starbucks, Q3 FY26: revenue $9.3B (-1% year over year), operating margin 10.5%, net earnings $1.0B, operating cash flow $1.6B. The chart draws each line against Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Operating margin | 10.5% | 9.9% | +0.6 pts |
| Net margin | 11.2% | 5.9% | +5.3 pts |
| Free cash flow margin | 14.5% | 4.6% | +9.9 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Beverage (1) | $5.4B | $5.8B | −$308M | -5% |
| Other (3) | $2.0B | $1.9B | $98.9M | +5% |
| Food (2) | $1.9B | $1.8B | $75.8M | +4% |
| Revenue | $9.3B | $9.5B | −$133M | -1% |
| Other income, net | $439M | −$117M | $556M | — |
| Operating profit | $980M | $936M | $44.8M | +5% |
| Costs & expenses | $8.3B | $8.5B | −$178M | -2% |
| Pre-tax earnings | $1.4B | $819M | $600M | +73% |
| General & admin | $599M | $677M | −$78.4M | -12% |
| Other operating costs | $7.7B | $7.8B | −$99.7M | -1% |
| Net earnings | $1.0B | $558M | $486M | +87% |
| Income tax | $374M | $260M | $114M | +44% |
| Depreciation & amortization | $390M | $448M | −$58.3M | -13% |
| Share-based compensation | $71.1M | $66.0M | $5.1M | +8% |
| Working capital & other | $136M | −$70.8M | $207M | — |
| Operating cash flow | $1.6B | $1.0B | $640M | +64% |
| Free cash flow (OCF − capex) | $1.4B | $434M | $916M | +211% |
| Capital expenditures | $291M | $567M | −$276M | -49% |
Questions
How much did Starbucks's revenue grow year over year in Q3 FY26?
Starbucks's revenue fell $133M (-1%) from $9.5B in Q3 FY25 to $9.3B in Q3 FY26.
What drove Starbucks's revenue change in Q3 FY26?
Beverage (1) −$308M (-5%); Other (3) +$98.9M (+5%); Food (2) +$75.8M (+4%).