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How Starbucks (SBUX) makes money
Starbucks (SBUX) made $9.1B of revenue in the fourth quarter fiscal 2026 (Q4 FY26), -4% from a year earlier. Company-operated coffeehouses brought in $7.4B (81%); Licensed coffeehouses brought in $1.2B (13%); Other brought in $516M (6%). Of every dollar of revenue, 11¢ was left as operating profit, 7¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q4 FY26
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Company-operated coffeehouses | $7.4B | 81.3% | — | -5% |
| Licensed coffeehouses | $1.2B | 13.1% | — | +9% |
| Other | $516M | 5.6% | — | -16% |
Where each dollar of revenue goes
| Line | Q4 FY26 | % of revenue |
|---|---|---|
| Revenue | $9.1B | 100.0% |
| Operating profit | $992M | 10.8% |
| Income tax | $252M | 2.8% |
| Net earnings | $677M | 7.4% |
| Operating cash flow | $1.4B | 15.1% |
| Free cash flow | $1.0B | 11.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q4 FY26 | $9.1B | -4% |
| Q3 FY26 | $9.3B | -1% |
| Q2 FY26 | $9.5B | +9% |
| Q1 FY26 | $9.9B | +6% |
| Q4 FY25 | $9.6B | +6% |
| Q3 FY25 | $9.5B | +4% |
| Q2 FY25 | $8.8B | +2% |
From Starbucks' 8-K filed Oct 29, 2026 (on EDGAR).
Questions
How does Starbucks make money?
Starbucks (SBUX) made $9.1B of revenue in the fourth quarter fiscal 2026 (Q4 FY26), -4% from a year earlier. Company-operated coffeehouses brought in $7.4B (81%); Licensed coffeehouses brought in $1.2B (13%); Other brought in $516M (6%). Of every dollar of revenue, 11¢ was left as operating profit, 7¢ was left as net earnings.
What is Starbucks' biggest business?
Company-operated coffeehouses: $7.4B in the fourth quarter fiscal 2026, 81% of revenue, -5% from a year earlier.
What is Starbucks' profit margin?
Net earnings were $677M, 7.4% of revenue, in the fourth quarter fiscal 2026; the operating margin was 10.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.