As of Q1'26 (2025-12-28), Starbucks ( SBUX ) reported net income of USD 293.3M, marking a significant decline from previous quarters. The year-over-year ( YoY ) net income growth rate for this period stands at -62.4%, reflecting continued downward pressure on profitability. From Q2'23 to Q1'26, the net income trend shows a pronounced decline. After peaking at USD 1.22B in Q4'23, net income has steadily decreased, with only brief recoveries, such as in Q3'24 ( USD 1.05B ). The YoY growth rate turned negative starting Q2'24 and has remained deeply negative, reaching a low of -85.3% in Q4'25. This persistent negative trend highlights ongoing challenges impacting Starbucks' earnings performance over the observed period.