A prior SEC filing for Starbucks Corp. (SBUX) triggered an update on 15 August 2026, reflecting disclosures through the end of the third fiscal quarter [Brief - 2026-08-15]. That filing captured trailing twelve-month data through 28 June 2026, with no additional briefing announcements noted beyond the quarterly update. The current report is further motivated by material changes in institutional ownership positions disclosed in recent 13F filings.
As of 28 June 2026, Starbucks reported trailing twelve-month revenue of $38.34 billion, representing a year-over-year decline of 1.41%. Net income over the same period was $1.98 billion, with a net margin of 5.17% and an operating margin of 7.77%. EPS grew 85.71% year-over-year on a TTM basis. The company held $3.45 billion in cash against total debt of $13.28 billion. The price-to-earnings ratio stood at 57.35, and market capitalisation was approximately $112.8 billion [SEC 10-Q - SBUX - 2026-06-28].
Insider activity over the past 30 days recorded one transaction, directionally a sale, with a net value of approximately -$235,382 [SEC Form 4 - SBUX - 2026-09]. On the institutional side, four notable firms opened new positions in SBUX during the most recent reporting period: Citadel, Millennium, AQR Capital, and Bridgewater each initiated holdings for the first time as disclosed in their respective 13F filings [SEC 13F - Citadel - Q2 2026] [SEC 13F - Millennium - Q2 2026] [SEC 13F - AQR Capital - Q2 2026] [SEC 13F - Bridgewater - Q2 2026].
The prevailing macro environment shows the 10-year US Treasury yield at 4.83% and the 2-year at 4.39%, producing a normal yield curve spread of 44 basis points [FRED DGS10] [FRED DGS2]. This rate environment is relevant context for a company carrying $13.28 billion in total debt, as financing costs remain elevated relative to the post-financial-crisis period.