Starbucks (SBUX) Revenue — Quarter Ended Jun 29, 2025
Revenue increased compared to the prior quarter and the same quarter last year. The growth was supported by higher company-operated store revenue, while licensed store revenue declined.
Key takeaway
Quarter ended Jun 29, 2025 · FY2025 Q3
Revenue increased compared to the prior quarter and the same quarter last year. The growth was supported by higher company-operated store revenue, while licensed store revenue declined.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.5B
Revenue reported for this quarter.
Quarter-over-quarter
+7.9%
Change from the immediately preceding quarter.
Year-over-year
+3.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$36.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 29, 2024 | $9.1B | -3.2% |
| Dec 29, 2024 | $9.4B | -0.3% |
| Mar 30, 2025 | $8.8B | +2.3% |
| Jun 29, 2025 | $9.5B | +3.8% |
Revenue performance
Total net revenues rose from the immediately preceding quarter and from the same quarter one year earlier. Company-operated stores contributed the largest share of revenue, with an increase, while licensed stores saw a slight decrease.
Quarterly comparison
Compared to the prior quarter, revenue improved. Versus the same quarter a year ago, revenue also increased, though the pace of growth was slower than the sequential change.
What to watch
Operating income declined despite higher revenue, as total operating expenses grew faster than net revenues.