Starbucks Corporation (SBUX)
Operating profit margin
| Sep 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 5,408,800 | 5,874,400 | 6,103,000 | 5,870,700 | 5,360,000 | 5,071,600 | 4,693,000 | 4,617,700 | 4,904,400 | 5,097,600 | 5,136,300 | 4,872,000 | 3,948,100 | 1,755,500 | 1,255,300 | 1,561,600 | 2,086,600 | 3,911,800 | 4,282,100 | 4,078,000 |
| Revenue (ttm) | US$ in thousands | 36,176,200 | 36,530,200 | 36,687,000 | 35,975,600 | 35,016,200 | 33,998,000 | 32,913,800 | 32,250,300 | 31,982,800 | 31,329,200 | 30,361,600 | 29,060,600 | 27,117,000 | 23,842,600 | 23,170,300 | 23,518,000 | 24,061,900 | 26,662,800 | 26,973,000 | 26,508,600 |
| Operating profit margin | 14.95% | 16.08% | 16.64% | 16.32% | 15.31% | 14.92% | 14.26% | 14.32% | 15.33% | 16.27% | 16.92% | 16.76% | 14.56% | 7.36% | 5.42% | 6.64% | 8.67% | 14.67% | 15.88% | 15.38% |
September 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $5,408,800K ÷ $36,176,200K
= 14.95%
The operating profit margin of Starbucks Corporation has displayed some fluctuations over the period covered. It stood at 14.95% in September 2024, showing a slight decrease compared to the 16.08% reported in March 2024. Prior to this, the operating profit margin experienced a generally upward trend, reaching its peak at 16.92% in March 2022.
During the most recent quarters, there has been a slight decline in the operating profit margin, indicating potential challenges in managing operating expenses or maintaining revenue growth. However, it is worth noting that Starbucks has historically maintained a relatively healthy operating profit margin, with figures ranging from 14% to 16% in recent years.
Further analysis of the company's cost structure and revenue streams may provide insights into the factors influencing the fluctuations in the operating profit margin. Monitoring this metric over subsequent periods will be crucial to assess the company's operational efficiency and profitability.
Peer comparison
Sep 30, 2024
See also:
Starbucks Corporation Operating Profit Margin (Quarterly Data)