In fiscal 2025, which ended Sep 28, 2025, Starbucks Corporation generated $4.7 billion of cash from operations, down 22.1% from the year before. It spent $2.3 billion on capital expenditures. That left free cash flow of $2.4 billion. The company returned $2.8 billion in dividends to shareholders.
USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.
| Line |
FY 2026
Jun 28, 2026
|
FY 2025
Sep 28, 2025
|
FY 2024
Sep 29, 2024
|
FY 2023
Oct 1, 2023
|
FY 2022
Oct 2, 2022
|
FY 2021
Oct 3, 2021
|
FY 2020
Sep 27, 2020
|
FY 2019
Sep 29, 2019
|
FY 2018
Sep 30, 2018
|
FY 2017
Oct 1, 2017
|
FY 2016
Oct 2, 2016
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | |||||||||||
| Depreciation and amortization |
1,667
-2.9%
|
1,772
+11.2%
|
1,592
+9.8%
|
1,450
-5.2%
|
1,529
+0.3%
|
1,524
+1.4%
|
1,503
+3.7%
|
1,449
+11.0%
|
1,306
+22.4%
|
1,067
+3.6%
|
1,030
+10.3%
|
| Stock-based compensation |
364
+15.3%
|
318
+3.2%
|
308
+1.9%
|
303
+11.5%
|
272
-14.9%
|
319
+28.4%
|
249
-19.3%
|
308
+23.1%
|
250
+42.2%
|
176
-19.3%
|
218
+4.0%
|
| Operating cash flow |
4,986
+1.7%
|
4,748
-22.1%
|
6,096
+1.4%
|
6,009
+36.6%
|
4,397
-26.6%
|
5,989
+274.8%
|
1,598
-68.3%
|
5,047
-57.7%
|
11,938
+180.8%
|
4,252
-9.5%
|
4,698
+25.3%
|
| Investing | |||||||||||
| Capital expenditures |
1,344
-49.2%
|
2,306
-17.0%
|
2,778
+19.0%
|
2,334
+26.7%
|
1,841
+25.3%
|
1,470
-0.9%
|
1,484
-17.9%
|
1,807
-8.6%
|
1,976
+30.1%
|
1,519
+5.5%
|
1,440
+10.5%
|
| Investing cash flow |
1,180
+140.1%
|
-2,485
+7.9%
|
-2,699
-18.9%
|
-2,271
-5.8%
|
-2,146
-571.8%
|
-320
+81.3%
|
-1,712
-69.3%
|
-1,011
+57.2%
|
-2,362
-177.8%
|
-850
+61.8%
|
-2,223
-46.2%
|
| Financing | |||||||||||
| Debt issued |
0
-100.0%
|
1,748
-12.4%
|
1,995
+33.2%
|
1,498
-0.0%
|
1,498
|
0
-100.0%
|
4,728
+136.9%
|
1,996
-64.3%
|
5,584
+644.3%
|
750
-40.2%
|
1,254
+47.8%
|
| Debt repaid |
4,066
|
1,250
-31.5%
|
1,825
+82.5%
|
1,000
+0.0%
|
1,000
-20.0%
|
1,250
|
0
-100.0%
|
350
|
0
-100.0%
|
400
|
0
-100.0%
|
| Short-term debt issued |
2
-68.4%
|
2
-98.1%
|
124
+8.0%
|
115
+213.1%
|
37
-83.0%
|
215
-84.7%
|
1,407
|
—
|
—
|
—
|
—
|
| Short-term debt repaid |
0
-100.0%
|
8
-95.0%
|
158
+99.9%
|
79
+115.3%
|
37
-89.5%
|
350
-63.9%
|
968
|
—
|
—
|
—
|
—
|
| Dividends paid |
2,811
+3.2%
|
2,771
+7.2%
|
2,585
+6.3%
|
2,432
+7.4%
|
2,263
+6.8%
|
2,119
+10.2%
|
1,924
+9.2%
|
1,761
+1.0%
|
1,743
+20.2%
|
1,450
+23.1%
|
1,178
+26.9%
|
| Stock buybacks |
—
|
0
-100.0%
|
1,267
+28.7%
|
984
-75.5%
|
4,013
|
0
-100.0%
|
1,699
-83.4%
|
10,222
+43.3%
|
7,134
+249.3%
|
2,042
+2.4%
|
1,996
+39.0%
|
| Financing cash flow |
-6,877
-581.1%
|
-2,298
+38.2%
|
-3,718
-24.3%
|
-2,991
+47.0%
|
-5,638
-54.4%
|
-3,651
-313.1%
|
1,713
+117.0%
|
-10,057
-210.1%
|
-3,243
-5.3%
|
-3,079
-64.4%
|
-1,873
+17.0%
|
| Change in cash | |||||||||||
| Effect of exchange rate |
—
|
-30
-154.0%
|
56
+497.9%
|
-14
+94.3%
|
-250
|
—
|
—
|
—
|
—
|
—
|
—
|
| Net change in cash |
-723
-172.8%
|
-66
+75.0%
|
-265
-136.2%
|
733
+120.2%
|
-3,637
|
—
|
—
|
—
|
—
|
—
|
—
|
| Free cash flow |
3,642
+61.6%
|
2,442
-26.4%
|
3,318
-9.7%
|
3,675
+43.8%
|
2,556
-43.4%
|
4,519
+3857.2%
|
114
-96.5%
|
3,240
-67.5%
|
9,961
+264.6%
|
2,732
-16.1%
|
3,258
+33.2%
|
| Per share | |||||||||||
| Free cash flow per share |
3.19
+61.1%
|
2.14
-26.6%
|
2.92
-8.6%
|
3.19
+44.7%
|
2.21
-42.1%
|
3.81
+3844.8%
|
0.10
-96.3%
|
2.63
-63.2%
|
7.14
+282.1%
|
1.87
-14.7%
|
2.19
+35.6%
|
| Dividend per share |
2.48
|
2.45
+5.6%
|
2.32
+7.4%
|
2.16
+8.0%
|
2.00
-12.7%
|
2.29
+86.2%
|
1.23
-17.4%
|
1.49
+12.9%
|
1.32
+25.7%
|
1.05
+23.5%
|
0.85
+25.0%
|
| Shareholder returns | |||||||||||
| Returned to shareholders |
2,811
|
2,771
|
3,852
|
3,416
|
6,276
|
2,119
|
3,622
|
11,984
|
8,877
|
3,493
|
3,174
|
| Share of free cash flow |
77.19%
|
113.49%
|
116.08%
|
92.96%
|
245.55%
|
46.89%
|
3,171.98%
|
369.82%
|
89.11%
|
127.83%
|
97.42%
|
| Ratios | |||||||||||
| Free cash flow margin |
9.50%
|
6.57%
|
9.17%
|
10.22%
|
7.93%
|
15.55%
|
0.49%
|
12.22%
|
40.30%
|
12.21%
|
15.28%
|
| Capital expenditures to revenue |
3.51%
|
6.20%
|
7.68%
|
6.49%
|
5.71%
|
5.06%
|
6.31%
|
6.82%
|
8.00%
|
6.79%
|
6.76%
|
| Stock-based compensation to revenue |
0.95%
|
0.86%
|
0.85%
|
0.84%
|
0.84%
|
1.10%
|
1.06%
|
1.16%
|
1.01%
|
0.79%
|
1.02%
|
| Cash conversion |
2.51x
|
2.56x
|
1.62x
|
1.46x
|
1.34x
|
1.43x
|
1.72x
|
1.40x
|
2.64x
|
1.47x
|
1.67x
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. The first column is the trailing twelve months through the latest quarter. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.
Company profile
- Industry
- Retail-Eating & Drinking Places (SIC 5810)
- Listed as
- SBUX (Nasdaq)
- Fiscal year ends
- September 28
- Incorporated in
- WA
- Headquarters
- Seattle, WA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 829224
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.