SignalXSignalX

Starbucks (SBUX) Q4 2025 10-Q Quarterly Report

Filed: Jan 28, 2026Period ending Dec 28, 2025
Consumer Discretionary
Retail-Eating & Drinking PlacesSEC EDGAR
Starbucks Overview

Starbucks (SBUX) 10-Q quarterly report for Q4 2025, filed with SEC EDGAR on Jan 28, 2026 for the fiscal period ending Dec 28, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Starbucks Q4 2025 10-Q Analysis

Management Discussion & Analysis

  • • Revenue $9.9B, up 5.5% YoY vs $9.4B; company-operated stores +5.2% ($8.2B vs $7.8B), licensed stores down 0.5% ($1.1B vs $1.1B)
  • • Operating margin 9.0% vs 11.9% YoY, contracting 290 bps due to labor investments and inflationary pressures including coffee prices and tariffs
  • • Best performing segment: International revenue +10% to $2.1B with operating margin expanding 100 bps to 13.7%, driven by sales leverage and lower expenses
  • • Worst performing segment: North America margin contracted 480 bps to 11.9%, operating income down 27% to $867M despite 3% revenue growth to $7.3B
  • • Cash $3.9B vs $3.7B prior quarter, operating cash flow $1.6B vs $2.1B YoY, capex $0.3B down $0.6B; plans to use China joint venture proceeds for debt reduction and growth investments
  • • Management expects macroeconomic pressures easing in H2 FY26, continued execution of “Back to Starbucks” strategy, and transaction close for China JV early 2026

Risk Factors

  • • No new or materially changed risk factors reported since last 10-K
  • • Carried-forward operational risk: exposure to changing consumer preferences and global supply chain disruptions
  • • Carried-forward regulatory risk: compliance with evolving food safety and labor laws across multiple jurisdictions
  • • Carried-forward financial risk: foreign currency fluctuations impacting international revenue and costs
  • • Carried-forward liquidity risk: ongoing debt maturities requiring refinancing and cash flow management

Starbucks Q4 2025 Quarterly Financials
XBRL

Revenue

$9.9B

▲ +5.5% YoY

Net Income

$293M

▼ -62.4% YoY

Net Margin

3.0%

▼ -535bp YoY

Source: XBRL data from Starbucks Q4 2025 10-Q filing on SEC EDGAR. All figures in USD.

Other Starbucks Quarterly Reports

Q2 2025 10-Q
Q1 2025 10-Q

Get deeper insights on Starbucks

Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.