SBUX · 10-K · 2026A · Full report

Operating Cash Flow Trends

STARBUCKS CORP · 2026-11-12 · Importance 48 · Surprise 14 · Matches filing data

Cash provided by operating activities increased to $5.0 billion in fiscal 2026 from $4.7 billion in fiscal 2025, mainly due to higher earnings and favorable working-capital changes in income taxes payable and inventories. Investing activities provided $1.1 billion in fiscal 2026, compared with $2.5 billion used in fiscal 2025, primarily reflecting $2.5 billion of China divestiture proceeds and $1.0 billion less capital spending. Financing activities used $5.6 billion, versus $2.3 billion in fiscal 2025, as debt repayments increased to $2.8 billion and no new debt was issued, compared with $1.7 billion of issuance in fiscal 2025. Material cash requirements totaled $30.610 billion, including $10.820 billion of operating lease obligations and $13.384 billion of debt principal payments.

Key facts

• Starbucks’ cash provided by operating activities was $5.0 billion in fiscal 2026, compared with $4.7 billion in fiscal 2025. source
• Starbucks’ investing cash flow change included $2.5 billion in net proceeds from the China retail divestiture and $1.0 billion in lower capital expenditures. source
• Starbucks’ cash used in financing activities was $5.6 billion in fiscal 2026, compared with $2.3 billion in fiscal 2025. source
• Starbucks’ cash provided by investing activities was $1.1 billion in fiscal 2026, compared with cash used of $2.5 billion in fiscal 2025. source

Impact estimates