Filing Flows › Starbucks (SBUX) › Q4 FY26 › vs Q3 FY26
Starbucks (SBUX) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Starbucks's revenue fell $182M (-2%) from $9.3B in Q3 FY26 to $9.1B in Q4 FY26. Operating margin 10.8% against 10.5% (+0.3 pts).
Starbucks, Q4 FY26: revenue $9.1B (-4% year over year), operating margin 10.8%, net earnings $677M, operating cash flow $1.4B. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Operating margin | 10.8% | 10.5% | +0.3 pts |
| Net margin | 7.4% | 11.2% | -3.8 pts |
| Free cash flow margin | 11.0% | 14.5% | -3.5 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $9.1B | $9.3B | −$182M | -2% |
| Operating profit | $992M | $980M | $11.4M | +1% |
| Costs & expenses | $8.1B | $8.3B | −$193M | -2% |
| Pre-tax earnings | $929M | $1.4B | −$490M | -35% |
| Other expense, net | $62.9M | −$439M | $502M | — |
| General & admin | $517M | $599M | −$81.5M | -14% |
| Other operating costs | $7.6B | $7.7B | −$111M | -1% |
| Net earnings | $677M | $1.0B | −$368M | -35% |
| Income tax | $252M | $374M | −$123M | -33% |
| Depreciation & amortization | $384M | $390M | −$5.5M | -1% |
| Share-based compensation | $78.2M | $71.1M | $7.1M | +10% |
| Working capital & other | $245M | $136M | $108M | +80% |
| Operating cash flow | $1.4B | $1.6B | −$258M | -16% |
| Free cash flow (OCF − capex) | $1.0B | $1.4B | −$342M | -25% |
| Capital expenditures | $376M | $291M | $84.4M | +29% |
Questions
How much did Starbucks's revenue grow quarter over quarter in Q4 FY26?
Starbucks's revenue fell $182M (-2%) from $9.3B in Q3 FY26 to $9.1B in Q4 FY26. Operating margin 10.8% against 10.5% (+0.3 pts).