STARBUCKS CORP (SBUX) closed fiscal year 2025 with a gross margin of 22.8 % and a net margin of 5.0 %.
STARBUCKS CORP (SBUX) closed fiscal year 2025 with a gross margin of 22.8 % and a net margin of 5.0 %. The same year shows an EBITDA margin of 12.7 % and an EBIT margin of 7.9 %. The free cash flow margin was 6.6 %. Against the previous year the gross margin moved −4.1 pp and the net margin −5.4 pp. Across the period the gross margin ranges between 22.8 % in 2025 and 68.4 % in 2017. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: September
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 57.51 % | 55.26 % | 55.75 % | 58.75 % | 57.99 % | 56.29 % | 57.14 % | 58.30 % | 59.36 % | 60.08 % | 68.44 % | 67.92 % | 67.83 % | — | — | 25.96 % | 27.37 % | 26.84 % | 22.77 % |
| EBITDA margin (%) | 16.42 % | 10.68 % | 11.51 % | 18.31 % | 19.47 % | 19.38 % | 2.22 % | 23.28 % | 23.66 % | 24.40 % | 23.24 % | 20.99 % | 20.85 % | 13.03 % | 22.01 % | 19.06 % | 20.35 % | 19.35 % | 12.66 % |
| EBIT margin (%) | 11.20 % | 4.85 % | 5.75 % | 13.26 % | 14.77 % | 15.02 % | -2.19 % | 18.73 % | 18.79 % | 19.57 % | 18.47 % | 15.71 % | 15.38 % | 6.64 % | 16.77 % | 14.32 % | 16.32 % | 14.95 % | 7.90 % |
| Net margin (%) | 7.15 % | 3.04 % | 4.00 % | 8.83 % | 10.65 % | 10.40 % | 0.06 % | 12.57 % | 14.39 % | 13.22 % | 12.89 % | 18.28 % | 13.58 % | 3.95 % | 14.45 % | 10.18 % | 11.46 % | 10.40 % | 4.99 % |
| FCF margin (%) | 2.67 % | 2.64 % | 9.65 % | 11.76 % | 9.23 % | 6.72 % | 11.80 % | -3.36 % | 12.76 % | 15.28 % | 12.21 % | 40.30 % | 12.22 % | 0.49 % | 15.55 % | 7.93 % | 10.22 % | 9.17 % | 6.57 % |
