We follow one coffee's money from the farm, across the ocean, through the store and out to the shareholders, using Starbucks' own annual report. In the year beans hit a record, the beans barely moved its costs. The stores took the money.
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| Number | How we got it | Source |
|---|---|---|
| $1.57 | Products and delivery: product and distribution costs $11,658.2M ÷ $37,184.4M × $5 | 10-K FY2025 · statement of earnings |
| $2.29 | The stores: store operating expenses $17,058.9M ÷ $37,184.4M × $5 | 10-K FY2025 · statement of earnings |
| 35¢ | Head office: general and administrative $2,617.2M ÷ $37,184.4M × $5 | 10-K FY2025 · statement of earnings |
| 23¢ | Wear and tear: depreciation and amortization $1,684.7M ÷ $37,184.4M × $5 | 10-K FY2025 · statement of earnings |
| 12¢ | Closing stores: restructuring and impairments $892.0M ÷ $37,184.4M × $5 | 10-K FY2025 · statement of earnings |
| 10¢ | Everything else: other operating expenses $584.6M, less equity investee income $247.8M, plus net interest $429.3M = $766.1M ÷ $37,184.4M × $5 | 10-K FY2025 · statement of earnings |
| 9¢ | Tax: income tax $650.6M ÷ $37,184.4M × $5 | 10-K FY2025 · statement of earnings |
| 25¢ | Starbucks keeps: net earnings $1,856.7M ÷ $37,184.4M × $5 | 10-K FY2025 · statement of earnings |
| 37¢ | cash dividends paid $2,771.4M ÷ $37,184.4M × $5 | Starbucks 10-K, fiscal 2025, statement of cash flows |
| 2.4x | arabica annual average $8.47/kg (2025) ÷ $3.53/kg (2015) | World Bank Commodity Price Data, annual, nominal |
| +3.6 / +0.5 | change in each cost line as a share of total net revenue, FY2024 to FY2025 | Starbucks 10-K, fiscal 2025, MD&A |
