As of Q1'26 (2025-12-28), Starbucks reported an operating income of USD 830.2M, reflecting a year-over-year decline of -22.8%. This latest figure marks a partial recovery from the previous quarter's low of USD 193.1M, but remains significantly below the peak of USD 1.59B observed in Q4'23. Over the period from Q2'23 to Q1'26, Starbucks' operating income displayed notable volatility. After strong growth through 2023, peaking at USD 1.59B in Q4'23, the company experienced a downward trend throughout 2024 and 2025, with several quarters of double-digit negative year-over-year growth—most sharply in Q4'25 at -83.96%. The recent uptick in Q1'26 suggests some stabilization, but overall, the trend indicates sustained pressure on operational profitability compared to prior highs.