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Starbucks Corp. (NASDAQ:SBUX)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Starbucks Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Jun 28, 2026 Mar 29, 2026 Dec 28, 2025 Sep 28, 2025 Jun 29, 2025 Mar 30, 2025 Dec 29, 2024 Sep 29, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Oct 1, 2023 Jul 2, 2023 Apr 2, 2023 Jan 1, 2023 Oct 2, 2022 Jul 3, 2022 Apr 3, 2022 Jan 2, 2022 Oct 3, 2021 Jun 27, 2021 Mar 28, 2021 Dec 27, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019
Accounts payable 6.28 5.48 5.22 5.79 5.61 6.05 5.57 5.09 5.27 5.07 5.01 5.24 5.23 5.01 4.77 5.15 5.29 4.58 4.47 3.86 3.82 3.64 3.51 3.40 2.95 3.63 3.91
Accrued liabilities 9.50 7.09 7.24 7.37 6.67 6.44 6.94 7.00 6.91 6.87 7.97 7.28 7.17 6.89 7.40 7.64 7.35 7.21 8.48 7.39 6.77 6.66 5.89 4.29 5.50 5.92 11.00
Accrued payroll and benefits 3.05 2.60 2.33 3.42 2.53 2.63 2.45 2.51 2.35 2.40 2.22 2.81 2.63 2.48 2.35 2.72 2.51 2.29 2.30 2.46 2.51 2.28 2.29 2.37 2.24 2.17 2.09
Current portion of operating lease liability 4.49 4.26 4.17 4.89 4.45 4.67 4.56 4.67 4.71 4.79 4.49 4.33 4.40 4.44 4.45 4.45 4.31 4.26 4.35 3.99 4.44 4.57 4.23 4.25 4.25 4.56 4.58
Stored value card liability and current portion of deferred revenue 6.43 5.98 6.58 5.75 5.68 6.07 7.07 5.68 6.08 6.38 7.54 5.77 6.12 6.28 7.56 5.87 6.12 6.14 7.18 5.08 5.52 5.72 6.24 4.96 5.02 5.23 6.11
Short-term debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.08 0.14 1.20 0.11 0.12 0.18 0.00 0.63 0.71 0.00 0.69 0.00 0.00 0.06 1.64 1.49 3.21 4.03 1.80
Current portion of long-term debt 5.30 6.54 4.65 4.68 8.17 7.11 3.92 3.99 0.00 0.00 3.77 6.18 6.39 6.60 6.19 6.25 3.55 6.89 3.47 3.18 3.39 0.00 2.50 4.26 4.29 4.55 1.80
Liabilities held for sale 0.00 5.52 5.44 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Current liabilities 35.05% 37.47% 35.64% 31.89% 33.11% 32.97% 30.49% 28.94% 25.40% 25.64% 32.20% 31.74% 32.07% 31.88% 32.72% 32.71% 29.84% 31.37% 30.94% 25.97% 26.46% 22.93% 26.31% 25.01% 27.46% 30.08% 31.28%
Long-term debt, excluding current portion 41.63 42.82 45.24 45.52 43.30 42.12 44.88 45.69 51.65 52.95 46.49 46.01 47.14 47.34 46.63 46.89 49.48 48.29 47.12 43.38 46.20 51.57 48.96 49.91 50.26 42.43 38.42
Operating lease liability, excluding current portion 27.86 26.21 24.97 28.02 26.96 28.32 27.77 27.99 27.56 27.86 27.89 26.91 26.77 27.10 27.02 26.86 26.83 26.42 26.73 24.65 25.78 26.71 25.88 26.08 26.26 27.84 27.81
Deferred revenue 19.91 18.58 17.84 18.03 17.31 18.56 18.63 19.03 19.96 20.63 21.00 20.72 21.41 21.67 22.17 22.44 22.49 21.99 22.36 20.59 22.02 23.02 22.02 22.46 22.80 24.33 24.34
Other long-term liabilities 2.64 2.60 2.32 1.80 2.13 2.10 1.64 2.09 1.79 1.67 1.92 1.74 1.64 1.71 2.13 2.18 2.11 2.11 2.15 2.35 2.59 2.73 3.21 3.09 2.82 2.73 2.53
Long-term liabilities 92.05% 90.21% 90.36% 93.38% 89.71% 91.10% 92.91% 94.80% 100.96% 103.11% 97.30% 95.39% 96.96% 97.82% 97.95% 98.38% 100.91% 98.82% 98.37% 90.96% 96.59% 104.03% 100.07% 101.54% 102.14% 97.33% 93.09%
Total liabilities 127.10% 127.68% 126.01% 125.26% 122.82% 124.07% 123.41% 123.75% 126.36% 128.75% 129.50% 127.13% 129.03% 129.71% 130.67% 131.09% 130.75% 130.19% 129.31% 116.93% 123.05% 126.96% 126.37% 126.55% 129.60% 127.41% 124.37%
Common stock; $0.001 par value 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 3.23 2.72 2.24 1.98 1.63 1.49 1.15 1.03 0.74 0.48 0.13 0.13 0.13 0.13 0.24 0.73 0.42 0.14 0.14 2.70 2.47 2.10 1.63 1.27 0.40 0.15 0.15
Retained deficit -30.19 -29.06 -26.95 -25.84 -22.88 -23.92 -22.75 -23.43 -25.11 -27.15 -27.75 -24.64 -26.49 -28.05 -29.03 -30.20 -30.97 -31.25 -30.36 -20.12 -25.45 -28.64 -27.54 -26.61 -28.17 -25.66 -23.13
Accumulated other comprehensive income (loss) -0.17 -1.37 -1.32 -1.43 -1.59 -1.67 -1.83 -1.37 -2.02 -2.12 -1.91 -2.64 -2.71 -1.82 -1.91 -1.66 -0.23 0.90 0.88 0.47 -0.10 -0.45 -0.49 -1.24 -1.82 -1.90 -1.40
Shareholders’ deficit -27.12% -27.70% -26.03% -25.29% -22.84% -24.10% -23.43% -23.77% -26.39% -28.78% -29.53% -27.15% -29.06% -29.74% -30.70% -31.12% -30.78% -30.21% -29.33% -16.95% -23.07% -26.98% -26.39% -26.57% -29.59% -27.40% -24.38%
Noncontrolling interests 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.02 0.02 0.02 0.02 0.03 0.03 0.03 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.02 -0.01 -0.01 0.00
Total deficit -27.10% -27.68% -26.01% -25.26% -22.82% -24.07% -23.41% -23.75% -26.36% -28.75% -29.50% -27.13% -29.03% -29.71% -30.67% -31.09% -30.75% -30.19% -29.31% -16.93% -23.05% -26.96% -26.37% -26.55% -29.60% -27.41% -24.37%
Total liabilities and deficit 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2026-06-28), 10-Q (reporting date: 2026-03-29), 10-Q (reporting date: 2025-12-28), 10-K (reporting date: 2025-09-28), 10-Q (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-K (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-K (reporting date: 2023-10-01), 10-Q (reporting date: 2023-07-02), 10-Q (reporting date: 2023-04-02), 10-Q (reporting date: 2023-01-01), 10-K (reporting date: 2022-10-02), 10-Q (reporting date: 2022-07-03), 10-Q (reporting date: 2022-04-03), 10-Q (reporting date: 2022-01-02), 10-K (reporting date: 2021-10-03), 10-Q (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27), 10-K (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-Q (reporting date: 2019-12-29).

The capital structure is characterized by a persistent shareholders' deficit and a total liability ratio consistently exceeding 100% of the total liabilities and deficit. This indicates that the entity operates with negative equity throughout the observed period, with total liabilities ranging from a low of approximately 116.93% in October 2021 to a peak of 131.09% in October 2022.

Long-Term Liability Trends
Long-term debt, excluding the current portion, represents a primary component of the financing strategy, fluctuating between 38.42% and 52.95%. A significant increase was observed between March 2021 and March 2024, where the ratio peaked at 52.95% before stabilizing in the 41% to 45% range toward 2026. Operating lease liabilities have remained relatively stable, generally oscillating between 24% and 28%, reflecting a consistent commitment to leased assets.
Current Liability Dynamics
Current liabilities have shown a general upward trend in the latter half of the period, rising from a low of 22.93% in March 2021 to 35.05% by June 2026. Within this category, accounts payable increased from 3.91% in December 2019 to 6.28% by June 2026. Stored value card liabilities and deferred revenue exhibit noticeable seasonality, with peaks frequently occurring in December and January, suggesting a correlation with end-of-year consumer spending and gift card activations.
Equity and Deficit Analysis
A sustained retained deficit is observed, with values ranging from -20.12% to -31.25%. The shareholders' deficit remained deeply negative throughout the timeline, peaking at -31.12% in October 2022. While there was a period of relative improvement between June 2021 and October 2021—where the deficit narrowed to -16.95%—the trend subsequently returned to a wider deficit, ending at -27.12% in June 2026.
Other Liability Observations
Deferred revenue has experienced a gradual long-term decline, moving from 24.34% in December 2019 to 19.91% by June 2026. Additionally, liabilities held for sale appeared late in the timeline, recording values between 5.44% and 5.52% in late 2025, indicating a strategic shift or divestiture of certain assets.

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