SBUX · 10-K · 2026A · Full report

Revenue Performance and Mix

STARBUCKS CORP · 2026-11-12 · Importance 45 · Surprise 14

Consolidated net revenues increased 2.0% to $37.911 billion in fiscal 2026 from $37.184 billion in fiscal 2025. Company-operated coffeehouse revenue rose 0.6% to $30.940 billion, licensed coffeehouse revenue increased 6.1% to $4.616 billion, and other revenue grew 12.7% to $2.355 billion. Company-operated revenue benefited from a 6.2% comparable-sales increase, including 3.2% higher transactions and a 3.0% higher average ticket, but was offset by $1.5 billion of lower China retail revenue after the licensed-model conversion. Licensed revenue increased $265 million, including $217 million from existing International licensees and $105 million from the China joint venture, partly offset by $56 million of lower equipment sales.

Key facts

• Fiscal 2026 consolidated net revenues increased 2% to $37.9 billion from $37.2 billion in fiscal 2025. source
• Starbucks’ fiscal 2026 licensed coffeehouse revenue increased $265 million, including $217 million from existing International licensees and $105 million from the new China joint venture, partly offset by $56 million lower equipment sales. source
• Starbucks’ other revenues increased $265 million in fiscal 2026, primarily due to $266 million higher Global Coffee Alliance revenue largely attributable to elevated coffee prices. source