Company / Operating Margin
Starbucks Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
7.9%
FY2025
5-year range
7.9% / 16.8%
FY2021-FY2025
Trend
-47.2%
vs FY2024
Sector context
#94 of 184
Consumer Discretionary
What the data says
At 7.9%, Starbucks's operating margin ranks #94 of 184 in the Consumer Discretionary sector. Operating Margin has fluctuated over the past 10 years, ranging from 6.6% in FY2020 to 19.6% in FY2016.
Based on SEC 10-K filings.
7.9% in FY2025 with a 5-year CAGR of +1.3%.
Declined from 16.3% to 7.9% over the past 2 years.
Consumer Discretionary sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -6.4pp
- 5-Year Change
- +1.3pp
- 10-Year Change
- -
Sector benchmark
#94 of 184 in Consumer DiscretionaryTop 51% of 184This company 7.9% Sector average 3.4%
▼
+135.4% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 47.2% year-over-year.
- Currently 4.5pp above the Consumer Discretionary sector average.
- Peak operating margin was recorded in FY2016.
- Lowest operating margin in the period was in FY2020.
Company context
Key Data Points
- Altman Z-Score 1.08 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 7.9% | -47.2% |
| FY2024 | 14.9% | -8.4% |
| FY2023 | 16.3% | +14.0% |
| FY2022 | 14.3% | -14.6% |
| FY2021 | 16.8% | +152.6% |
| FY2020 | 6.6% | -56.8% |
| FY2019 | 15.4% | -2.1% |
| FY2018 | 15.7% | -14.9% |
| FY2017 | 18.5% | -5.6% |
| FY2016 | 19.6% | +4.2% |
As of FY2025 · SEC 10-K Annual Filings · Updated Mar 14, 2026