SBUX · News · 20261030N

Operating Margin Drivers

STARBUCKS CORP · 2026-10-30 · Importance 46 · Surprise 56

Starbucks’ fiscal Q4 operating margin expanded by 460 basis points to 14%. Stronger sales supported the expansion through improved sales leverage, while lower costs from better cost control also contributed. The 14% margin was reported alongside 7.2% global comparable-store sales growth.

Key facts

• Starbucks' operating margin expanded by 460 basis points to 14%. source