Starbucks (SBUX) FY2024 results: revenue $36.2 billion, up 0.6% on the year
Starbucks Corp. (SBUX) reported revenue of $36.2 billion for fiscal 2024, the year ended 29 September 2024, up 0.6% on the year before. Net income was $3.8 billion, down 8.8%, and diluted earnings per share $3.31. The figures are the company's own, from the 10-K it filed with the SEC on 20 November 2024.
Revenue
$36.2 billion
+0.6% on the year
FY2017FY2024
Operating margin
15.0%
16.3% a year earlier
FY2017FY2024
Net income
$3.8 billion
-8.8% on the year
FY2017FY2024
Diluted EPS
$3.31
-7.5% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
6,096
6,009
4,397
+1.4%
Capital expenditure
2,778
2,334
1,841
+19.0%
Free cash flow
3,318
3,675
2,556
-9.7%
Free cash flow margin
9.2%
10.2%
7.9%
Cash from investing
-2,699
-2,271
-2,146
Cash from financing
-3,718
-2,991
-5,638
Depreciation and amortisation
1,592
1,450
1,529
+9.8%
Share-based compensation
308
303
272
+1.9%
Buybacks
1,267
984
4,013
+28.7%
Dividends paid
2,585
2,432
2,263
+6.3%
Dividend per share
$2.32
$2.16
$2.00
+7.4%
Diluted shares, weighted
1,137m
1,151m
1,158m
-1.2%
Shares outstanding at period end
1,134m
1,143m
1,148m
-0.8%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
-7,449
-7,995
-8,707
Non-controlling interest
7.3
7.0
7.9
+4.3%
Short-term borrowings
0.0
33.5
n/a
Debt
15,568
15,366
15,044
+1.3%
Operating lease liabilities
8,772
7,925
7,515
+10.7%
Other liabilities
14,441
14,109
14,118
+2.4%
Total liabilities and equity
31,339
29,446
27,978
+6.4%
Fixed assets
8,666
7,387
6,560
+17.3%
Goodwill
3,316
3,218
3,284
+3.0%
Intangible assets
101
120
156
-16.3%
Investments
533
649
644
-17.9%
Cash and equivalents
3,286
3,552
2,818
-7.5%
Receivables
1,214
1,184
1,176
+2.5%
Inventory
1,777
1,806
2,177
-1.6%
Other assets
12,447
11,529
11,164
+8.0%
Total assets
31,339
29,446
27,978
+6.4%
10-K for the year ended 29 September 2024, filed 20 November 2024: the filing.