Starbucks (SBUX) is trading down at $93.47 (-2.75%) on NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Consumer Discretionary sector.
Current price targets from 2 firms average $120 — 28% above the current $93.5. Each is tracked to its date and scored the same way a member's call is.
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
| FY2016Oct 2016 | FY2017Oct 2017 | FY2018Sep 2018 | FY2019Sep 2019 | FY2020Sep 2020 | FY2021Oct 2021 | FY2022Oct 2022 | FY2023Oct 2023 | FY2024Sep 2024 | FY2025Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $21.3B | $22.4B | $24.7B | $26.5B | $23.5B | $29.1B | $32.3B | $36.0B | $36.2B | $37.2B |
| Growth (year over year) | +11.2% | +5.0% | +10.4% | +7.2% | −11.3% | +23.6% | +11.0% | +11.6% | +0.6% | +2.8% |
| Gross profit | $12.8B | $15.3B | $16.8B | $18.0B | — | — | — | — | — | — |
| Gross margin | 60.1% | 68.4% | 67.9% | 67.8% | — | — | — | — | — | — |
| Operating income | $4.17B | $4.13B | $3.88B | $4.08B | $1.56B | $4.87B | $4.62B | $5.87B | $5.41B | $2.94B |
| Operating margin | 19.6% | 18.5% | 15.7% | 15.4% | 6.6% | 16.8% | 14.3% | 16.3% | 15.0% | 7.9% |
| Net income | $2.82B | $2.88B | $4.52B | $3.60B | $928.3M | $4.20B | $3.28B | $4.12B | $3.76B | $1.86B |
| Net margin | 13.2% | 12.9% | 18.3% | 13.6% | 3.9% | 14.5% | 10.2% | 11.5% | 10.4% | 5.0% |
| EPS (diluted) | $1.90 | $1.97 | $3.24 | $2.92 | $0.79 | $3.54 | $2.83 | $3.58 | $3.31 | $1.63 |
| Balance sheet | ||||||||||
| Cash and equivalents | $2.13B | $2.46B | $8.76B | $2.69B | $4.35B | $6.46B | $2.82B | $3.55B | $3.29B | $3.22B |
| Total assets | $14.3B | $14.4B | $24.2B | $19.2B | $29.4B | $31.4B | $28.0B | $29.4B | $31.3B | $32.0B |
| Total liabilities | $8.42B | $8.91B | $23.0B | $25.5B | $37.2B | $36.7B | $36.7B | $37.4B | $38.8B | $40.1B |
| Long-term debt | $3.19B | $3.93B | $9.09B | $11.2B | $14.7B | $13.6B | $13.1B | $13.5B | $14.3B | $14.6B |
| Shareholders' equity | $5.88B | $5.45B | $1.17B | −$6.23B | −$7.81B | −$5.32B | −$8.71B | −$7.99B | −$7.45B | −$8.10B |
| Cash flow | ||||||||||
| Operating cash flow | $4.70B | $4.25B | $11.9B | $5.05B | $1.60B | $5.99B | $4.40B | $6.01B | $6.10B | $4.75B |
| Capital expenditure | $1.44B | $1.52B | $1.98B | $1.81B | $1.48B | $1.47B | $1.84B | $2.33B | $2.78B | $2.31B |
| Free cash flow | $3.26B | $2.73B | $9.96B | $3.24B | $114.2M | $4.52B | $2.56B | $3.68B | $3.32B | $2.44B |
| Dividends paid | $1.18B | $1.45B | $1.74B | $1.76B | $1.92B | $2.12B | $2.26B | $2.43B | $2.58B | $2.77B |
| Share buybacks | $2.00B | $2.04B | $7.13B | $10.2B | $1.70B | $0 | $4.01B | $984.4M | $1.27B | $0 |
| Q4 FY24†Sep 2024 | Q1 FY25Dec 2024 | Q2 FY25Mar 2025 | Q3 FY25Jun 2025 | Q4 FY25†Sep 2025 | Q1 FY26Dec 2025 | Q2 FY26Mar 2026 | Q3 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $9.07B | $9.40B | $8.76B | $9.46B | $9.57B | $9.92B | $9.53B | $9.32B |
| Growth (year over year) | −3.2% | −0.3% | +2.3% | +3.8% | +5.5% | +5.5% | +8.8% | −1.4% |
| Operating income | $1.31B | $1.12B | $601.0M | $935.6M | $278.3M | $890.8M | $828.1M | $980.4M |
| Operating margin | 14.4% | 11.9% | 6.9% | 9.9% | 2.9% | 9.0% | 8.7% | 10.5% |
| Net income | $909.3M | $780.8M | $384.2M | $558.3M | $133.1M | $293.3M | $510.9M | $1.05B |
| Net margin | 10.0% | 8.3% | 4.4% | 5.9% | 1.4% | 3.0% | 5.4% | 11.2% |
| EPS (diluted) | $0.80 | $0.69 | $0.34 | $0.49 | $0.11 | $0.26 | $0.45 | $0.91 |
| Balance sheet | ||||||||
| Cash and equivalents | $3.29B | $3.67B | $2.67B | $4.17B | $3.22B | $3.41B | $1.53B | $3.45B |
| Total assets | $31.3B | $31.9B | $31.6B | $33.6B | $32.0B | $32.2B | $30.6B | $28.3B |
| Total liabilities | $38.8B | $39.4B | $39.2B | $41.3B | $40.1B | $40.6B | $39.0B | $36.0B |
| Long-term debt | $14.3B | $14.3B | $13.3B | $14.6B | $14.6B | $14.6B | $13.1B | $11.8B |
| Shareholders' equity | −$7.45B | −$7.47B | −$7.62B | −$7.69B | −$8.10B | −$8.39B | −$8.47B | −$7.67B |
| Cash flow | ||||||||
| Operating cash flow | $1.54B | $2.07B | $292.0M | $1.00B | $1.38B | $1.60B | $364.5M | $1.64B |
| Capital expenditure | $798.2M | $692.9M | $589.2M | $567.4M | $456.0M | $323.7M | $272.7M | $291.4M |
| Free cash flow | $737.4M | $1.38B | −$297.2M | $434.3M | $925.8M | $1.27B | $91.8M | $1.35B |
| Dividends paid | $646.0M | $691.9M | $693.0M | $693.2M | $693.3M | $705.1M | $706.3M | $706.6M |
| Share buybacks | $0 | $0 | $0 | $0 | $0 | — | — | — |
From Starbucks's 10-K and 10-Q filings with the SEC; its fiscal year ends in September. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. It was founded in 1971 by Jerry Baldwin, Zev Siegl, and Gordon Bowker at Seattle's Pike Place Market initially as a coffee bean wholesaler. Starbucks was converted into a coffee shop serving espresso-based drinks under the ownership of Howard Schultz, who was chief executive officer from 1986 to 2000 and led the aggressive expansion of the franchise across the West Coast of the United States.