Name: Starbucks Corp. (NASDAQ:SBUX) | Statement of Comprehensive Income
Creator: Stock Analysis on Net

Statement of Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

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Starbucks Corp., consolidated statement of comprehensive income

US$ in thousands

12 months ended:	Sep 27, 2026	Sep 28, 2025	Sep 29, 2024	Oct 1, 2023	Oct 2, 2022	Oct 3, 2021
Net earnings including noncontrolling interests	2,526,100)	1,856,700)	3,762,300)	4,124,700)	3,283,400)	4,200,300)
Unrealized holding gains (losses) on available-for-sale debt securities, net of tax	(5,300)	1,900)	9,100)	2,500)	(17,200)	(2,700)
Unrealized gains (losses) on cash flow hedging instruments, net of tax	19,700)	62,200)	89,800)	(132,200)	206,700)	240,200)
Unrealized gains (losses) on net investment hedging instruments, net of tax	45,500)	191,300)	41,600)	54,700)	171,100)	47,100)
Translation adjustment and other, net of tax	45,000)	(113,400)	217,100)	(107,200)	(794,700)	190,400)
Reclassification adjustment for net (gains) losses realized in net earnings for available-for-sale securities, hedging instruments, translation adjustment, and other, net of tax	267,500)	(172,500)	(8,200)	(132,800)	(176,300)	36,800)
Other comprehensive income (loss), net of tax	372,400)	(30,500)	349,400)	(315,000)	(610,400)	511,800)
Comprehensive income including noncontrolling interests	2,898,500)	1,826,200)	4,111,700)	3,809,700)	2,673,000)	4,712,100)
Comprehensive (income) loss attributable to noncontrolling interests	100)	(100)	(1,800)	500)	(1,800)	(1,000)
Comprehensive income attributable to Starbucks	2,898,600)	1,826,100)	4,109,900)	3,810,200)	2,671,200)	4,711,100)

Based on: 10-K (reporting date: 2026-09-27), 10-K (reporting date: 2025-09-28), 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03).

Comprehensive income demonstrates significant volatility between 2021 and 2026, characterized by fluctuating net earnings and inconsistent other comprehensive income (OCI) results.

Net Earnings Trends: Net earnings exhibit a non-linear trajectory, starting at 4.2 billion USD in 2021 and reaching a low of 1.86 billion USD in 2025 before recovering to 2.53 billion USD in 2026. This variability suggests periodic fluctuations in operational profitability or the impact of significant non-operational items.
Other Comprehensive Income (OCI) Volatility: OCI reflects substantial instability, alternating between gains and losses. A significant deficit was recorded in 2022 at negative 610.4 million USD, largely driven by a translation adjustment loss of 794.7 million USD. Conversely, 2024 saw a positive OCI of 349.4 million USD, indicating a shift in currency or hedging performance.
Hedging and Translation Adjustments: Cash flow hedging instruments provided positive contributions in most years, with the exception of a 132.2 million USD loss in 2023. Net investment hedging remained consistently positive, peaking at 191.3 million USD in 2025. Translation adjustments served as a primary driver of comprehensive income variance, particularly during the 2022 downturn, where negative adjustments significantly eroded the overall comprehensive income.
Comprehensive Income Analysis: Comprehensive income attributable to Starbucks shows a peak of 4.71 billion USD in 2021, followed by a decline to 2.67 billion USD in 2022. While a recovery trend emerged through 2024, reaching 4.11 billion USD, a sharp contraction occurred in 2025, dropping to 1.83 billion USD, before trending upward again in 2026 to 2.90 billion USD.

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