| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 9.3K | 2.2% | 1.4% |
| Total Income | 9.3K | 2.2% | 1.4% |
| Expenditure | 8.4K | 3.8% | 1.8% |
| PBT | 1.4K | 94.9% | 73.3% |
| Net Profit | 1.0K | 104.6% | 87.2% |
| OPM | 10.52% | 1.83pp | 0.62pp |
| NPM | 11.21% | 5.85pp | 5.31pp |
| EPS | 0.92 | 104.4% | 87.8% |
Starbucks Reports Q3 Fiscal Year 2026 Results
30 Jul 2026 · 30 Jul, 1:43 am
Summary
Starbucks Corporation reported its financial results for the third quarter of fiscal year 2026, with global comparable store sales increasing by 7.9%, driven by higher transactions and average ticket. Consolidated net revenues saw a slight decrease of 1% to $9.3 billion, largely due to the Starbucks China transaction. The company demonstrated significant margin expansion, with GAAP operating margin increasing by 60 basis points to 10.5% and non-GAAP operating margin up by 430 basis points to 14.4%. Earnings per share saw substantial growth, with GAAP EPS rising 86% to $0.91 and non-GAAP EPS up 70% to $0.85. Starbucks also raised its fiscal year 2026 guidance.
Key Highlights
- 1
Global comparable store sales increased 7.9% in Q3 FY26, driven by a 4.2% increase in comparable transactions and a 3.5% increase in average ticket.
- 2
North America comparable store sales increased 8.1%, with U.S. comparable store sales up 7.9%.
- 3
International comparable store sales increased 5.7%.
- 4
Consolidated net revenues decreased 1% to $9.3 billion in Q3 FY26, reflecting the Starbucks China transaction.
- 5
GAAP operating margin expanded 60 basis points year-over-year to 10.5%, while non-GAAP operating margin expanded 430 basis points to 14.4%.
- 6
GAAP earnings per share of $0.91 increased 86% over the prior year, and non-GAAP EPS of $0.85 expanded 70% over the prior year.
- 7
The company raised its Fiscal Year 2026 guidance.
Management Comments
Brian Niccol
Our Back to Starbucks plan was built on the belief that an extraordinary cup of coffee, human connection and customer experience win the day, every day. Our third quarter results are proof they do. We have more work to do, but we're relentlessly focused on reclaiming the third place and becoming the world's greatest customer service company.
Cathy Smith
Our third quarter results reflect the growing durability of our performance across both the top and bottom line, giving us confidence in the trajectory of our business. We are focused on what we can control amid a dynamic operating environment — executing our Back to Starbucks plan with discipline to drive connection, community and long-term value for our customers, partners, and shareholders.
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