Edwyn
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $29,061 | $32,250 | $35,976 | $36,176 | $37,184 |
| Gross Profit | $4,487 | $4,384 | $5,481 | $5,108 | $2,689 |
| Operating Income | $4,872 | $4,618 | $5,871 | $5,409 | $2,937 |
| Net Income | $4,199 | $3,282 | $4,125 | $3,761 | $1,856 |
Over the five-year period, Starbucks’ revenue shows a steady upward trend from approximately $29.06 billion in 2021 to $37.18 billion in 2025. The company posted particularly strong revenue growth in 2022 and 2023—rising by roughly 11% each year—which reflects robust consumer demand and effective market penetration in its core segments. Despite this revenue growth, the gross profit, operating income, and net income metrics reveal a more mixed performance. After a slight drop in gross profit from $4.49 billion in 2021 to $4.38 billion in 2022, 2023 witnessed a substantial rebound to $5.48 billion, suggesting possible improvements in operational efficiency or pricing strategy. However, 2024 saw a decrease to $5.11 billion, and by 2025, gross profit plunged sharply to $2.69 billion—a decline exceeding 47% from the previous year. The operating income and net income figures follow similar trends. Operating income increased modestly from $4.87 billion in 2021 to a peak of $5.87 billion in 2023 before receding to $2.94 billion in 2025, while net income peaked at $4.12 billion in 2023 before falling to $1.86 billion in 2025. The significant year-over-year declines observed in 2025 across these profitability metrics—exceeding 20% compared to prior periods—could reflect rising operational costs, margin compression due to competitive pressures, or changes in cost structures that might have affected product mix or supply chain efficiencies. Overall, while Starbucks shows strong revenue momentum and resilience in top-line growth, the declining profitability margins in the later years call for cautious monitoring to ensure sustained financial health and long-term sustainability in a competitive industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.