STARBUCKS CORP
For the period ended Sep 28, 2025. Filed Nov 14, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Nov 14, 2025
SBUX$109.95+0.5%Stored close · as of Nov 10, 2026
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Item 15. Exhibits and Financial Statement Schedules
(a) The following documents are filed as a part of this 10-K:
- Financial Statements
The following financial statements are included in Part II, Item 8 of this 10-K:
Consolidated Statements of Equity for the fiscal years ended September 28, 2025, September 29, 2024, and October 1, 2023;
Notes to Consolidated Financial Statements; and
Reports of Independent Registered Public Accounting Firm (PCAOB ID No.34)
- Financial Statement Schedules
Financial statement schedules are omitted because they are not required or are not applicable, or the required information is provided in the consolidated financial statements or notes described in Item 15(a)(1) above.
- Exhibits
| Incorporated by Reference | |||||
|---|---|---|---|---|---|
| ExhibitNumber · Exhibit Description · Form · File No. · Date of Filing · ExhibitNumber · FiledHerewith | |||||
| 2.1 | Transaction Agreement, dated as of May 6, 2018, by and between Starbucks Corporation and Nestlé S.A. | 8-K | 000-20322 | 5/7/2018 | 2.1 |
| 3.1 | Restated Articles of Incorporation of Starbucks Corporation | 10-Q | 000-20322 | 4/28/2015 | 3.1 |
| 3.2 | Amended and Restated Bylaws of Starbucks Corporation (As amended and restated through June 25, 2025) | 8-K | 000-20322 | 6/30/2025 | 3.1 |
| 4.1 | Indenture, dated as of September 15, 2016, by and between Starbucks Corporation and U.S. Bank Trust Company, National Association, as trustee (as successor in interest to U.S. Bank National Association) | S-3ASR | 333-213645 | 9/15/2016 | 4.1 |
| 4.2 | Second Supplemental Indenture, dated as of November 22, 2017, by and between Starbucks Corporation and U.S. Bank National Association, as trustee (3.750% Senior Notes due 2047) | 8-K | 000-20322 | 11/22/2017 | 4.2 |
| 4.3 | Form of 3.750% Senior Notes due December 1, 2047 (included as Exhibit B to Exhibit 4.2) | 8-K | 000-20322 | 11/22/2017 | 4.4 |
| 4.4 | Third Supplemental Indenture, dated as of February 28, 2018, by and between Starbucks Corporation and U.S. Bank National Association, as trustee (3.500% Senior Notes due 2028) | 8-K | 000-20322 | 2/28/2018 | 4.2 |
| 4.5 | Form of 3.500% Senior Notes due March 1, 2028 (included as Exhibit B to Exhibit 4.4) | 8-K | 000-20322 | 2/28/2018 | 4.4 |
| 4.6 | Fourth Supplemental Indenture, dated as of August 10, 2018, by and between Starbucks Corporation and U.S. Bank National Association, as trustee (3.800% Senior Notes due 2025, 4.000% Senior Notes due 2028 and 4.500% Senior Notes due 2048) | 8-K | 000-20322 | 8/10/2018 | 4.2 |
| 4.7 | Form of 4.000% Senior Notes due November 15, 2028 (included as Exhibit B to Exhibit 4.6) | 8-K | 000-20322 | 8/10/2018 | 4.4 |
| 4.8 | Form of 4.500% Senior Notes due November 15, 2048 (included as Exhibit C to Exhibit 4.6) | 8-K | 000-20322 | 8/10/2018 | 4.2 |
| 4.9 | Fifth Supplemental Indenture, dated as of May 13, 2019, by and between Starbucks Corporation and U.S. Bank National Association, as trustee (3.550% Senior Notes due 2029 and 4.450% Senior Notes due 2049) | 8-K | 000-20322 | 5/13/2019 | 4.2 |
| 4.10 | Form of 3.550% Senior Notes due August 15, 2029 (included as Exhibit A to Exhibit 4.9) | 8-K | 000-20322 | 5/13/2019 | 4.3 |
| Incorporated by Reference | |||||
|---|---|---|---|---|---|
| ExhibitNumber · Exhibit Description · Form · File No. · Date of Filing · ExhibitNumber · FiledHerewith | |||||
| 4.11 | Form of 4.450% Senior Notes due August 15, 2049 (included as Exhibit B to Exhibit 4.9) | 8-K | 000-20322 | 5/13/2019 | 4.4 |
| 4.12 | Sixth Supplemental Indenture, dated as of March 12, 2020, by and between Starbucks Corporation and U.S. Bank National Association, as trustee (2.000% Senior Notes due 2027, 2.250% Senior Notes due 2030 and 3.350% Senior Notes due 2050) | 8-K | 000-20322 | 3/12/2020 | 4.2 |
| 4.13 | Form of 2.000% Senior Notes due March 12, 2027 (included as Exhibit A to Exhibit 4.12) | 8-K | 000-20322 | 3/12/2020 | 4.3 |
| 4.14 | Form of 2.250% Senior Notes due March 12, 2030 (included as Exhibit B to Exhibit 4.12) | 8-K | 000-20322 | 3/12/2020 | 4.4 |
| 4.15 | Form of 3.350% Senior Notes due March 12, 2050 (included as Exhibit C to Exhibit 4.12) | 8-K | 000-20322 | 3/12/2020 | 4.5 |
| 4.16 | Seventh Supplemental Indenture, dated as of May 7, 2020, by and between Starbucks Corporation and U.S. Bank National Association, as trustee (2.550% Senior Notes due 2030 and 3.500% Senior Notes due 2050) | 8-K | 000-20322 | 5/7/2020 | 4.2 |
| 4.17 | Form of 2.550% Senior Notes due November 15, 2030 (included as Exhibit B to Exhibit 4.16) | 8-K | 000-20322 | 5/7/2020 | 4.4 |
| 4.18 | Form of 3.500% Senior Notes due November 15, 2050 (included as Exhibit C to Exhibit 4.16) | 8-K | 000-20322 | 5/7/2020 | 4.5 |
| 4.19 | Eighth Supplemental Indenture, dated as of February 14, 2022, by and between Starbucks Corporation and U.S. Bank Trust Company, National Association, as trustee and as successor in interest to U.S. Bank National Association (3.000% Senior Notes due 2032) | 8-K | 000-20322 | 2/14/2022 | 4.2 |
| 4.20 | Form of 3.000% Senior Notes due February 14, 2032 (included as Exhibit B to Exhibit 4.19) | 8-K | 000-20322 | 2/14/2022 | 4.4 |
| 4.21 | Ninth Supplemental Indenture, dated as of February 16, 2023, by and between Starbucks Corporation and U.S. Bank Trust Company, National Association, as trustee and as successor in interest to U.S. Bank National Association (4.750% Senior Notes due 2026 and 4.800% Senior Notes due 2033) | 8-K | 000-20322 | 2/16/2023 | 4.2 |
| Incorporated by Reference | |||||
|---|---|---|---|---|---|
| ExhibitNumber · Exhibit Description · Form · File No. · Date of Filing · ExhibitNumber · FiledHerewith | |||||
| 4.22 | Form of 4.750% Senior Notes due February 15, 2026 (included as Exhibit A to Exhibit 4.21) | 8-K | 000-20322 | 2/16/2023 | 4.3 |
| 4.23 | Form of 4.800% Senior Notes due February 15, 2033 (included as Exhibit B to Exhibit 4.21) | 8-K | 000-20322 | 2/16/2023 | 4.4 |
| 4.24 | Tenth Supplemental Indenture, dated as of February 8, 2024, by and between Starbucks Corporation and U.S. Bank Trust Company, National Association, as trustee and successor in interest to U.S. Bank National Association (4.850% Senior Notes due 2027, 4.900% Senior Notes due 2031 and 5.000% Senior Notes due 2034) | 8-K | 000-20322 | 2/8/2024 | 4.2 |
| 4.25 | Form of 4.850% Senior Notes due February 8, 2027 (included as Exhibit A to Exhibit 4.24) | 8-K | 000-20322 | 2/8/2024 | 4.3 |
| 4.26 | Form of 4.900% Senior Notes due February 15, 2031 (included as Exhibit B to Exhibit 4.24) | 8-K | 000-20322 | 2/8/2024 | 4.4 |
| 4.27 | Form of 5.000% Senior Notes due February 15, 2034 (included as Exhibit C to Exhibit 4.24) | 8-K | 000-20322 | 2/8/2024 | 4.5 |
| 4.28 | Eleventh Supplemental Indenture, dated as of May 8, 2025, by and between Starbucks Corporation and U.S. Bank Trust Company, National Association, as trustee and successor in interest to U.S. Bank National Association | 8-K | 000-20322 | 5/8/2025 | 4.2 |
| 4.29 | Form of 4.500% Senior Notes due May 15, 2028 (included as Exhibit A to Exhibit 4.28) | 8-K | 000-20322 | 5/8/2025 | 4.3 |
| 4.30 | Form of 4.800% Senior Notes due May 15, 2030 (included as Exhibit B to Exhibit 4.28) | 8-K | 000-20322 | 5/8/2025 | 4.4 |
| 4.31 | Form of 5.400% Senior Notes due May 15, 2035 (included as Exhibit C to Exhibit 4.28) | 8-K | 000-20322 | 5/8/2025 | 4.5 |
| 4.32 | Indenture, dated as of August 23, 2007, by and between Starbucks Corporation and Deutsche Bank Trust Company Americas, as trustee | S-3ASR | 333-190955 | 9/3/2013 | 4.1 |
| Incorporated by Reference | |||||
|---|---|---|---|---|---|
| ExhibitNumber · Exhibit Description · Form · File No. · Date of Filing · ExhibitNumber · FiledHerewith | |||||
| 4.33 | Fourth Supplemental Indenture, dated as of June 10, 2015, by and between Starbucks Corporation and Deutsche Bank Trust Company Americas, as trustee (4.300% Senior Notes due June 2045) | 8-K | 000-20322 | 6/10/2015 | 4.2 |
| 4.34 | Form of 4.300% Senior Notes due June 15, 2045 (included as Exhibit B to Exhibit 4.33) | 8-K | 000-20322 | 6/10/2015 | 4.4 |
| 4.35 | Sixth Supplemental Indenture, dated as of May 16, 2016, by and between Starbucks Corporation and Deutsche Bank Trust Company Americas, as trustee (2.450% Senior Notes due June 2026) | 8-K | 000-20322 | 5/16/2016 | 4.4 |
| 4.36 | Form of 2.450% Senior Notes due June 15, 2026 (included as Exhibit A to Exhibit 4.35) | 8-K | 000-20322 | 5/16/2016 | 4.5 |
| 4.37 | Description of Securities | 10-K | 000-20322 | 11/15/2019 | 4.29 |
| 10.1* | Starbucks Corporation Employee Stock Purchase Plan — 1995 as amended and restated on April 9, 2015 to reflect adjustments for the 2-for-1 forward stock split effective on such date | 10-Q | 000-20322 | 8/1/2017 | 10.1 |
| 10.2* | Starbucks Corporation Executive Management Bonus Plan, as amended and restated on January 12, 2022 | 8-K | 000-20322 | 1/14/2022 | 10.1 |
| 10.3* | Starbucks Corporation Management Deferred Compensation Plan, as amended and restated effective January 1, 2011 | 10-Q | 000-20322 | 2/4/2011 | 10.2 |
| 10.4* | Fifth Amendment to Starbucks Corporation Management Deferred Compensation Plan | 10-Q | 000-20322 | 7/28/2020 | 10.1 |
| 10.5* | Starbucks Corporation Deferred Compensation Plan for Non-Employee Directors, as amended and restated effective September 11, 2018 | 10-K | 000-20322 | 11/16/2018 | 10.5 |
| 10.6* | Starbucks Corporation 2005 Long-Term Equity Incentive Plan, as amended and restated effective March 16, 2022 | 10-Q | 000-20322 | 5/3/2022 | 10.1 |
| Incorporated by Reference | |||||
|---|---|---|---|---|---|
| ExhibitNumber · Exhibit Description · Form · File No. · Date of Filing · ExhibitNumber · FiledHerewith | |||||
| 10.7* | 2005 Key Employee Sub-Plan to the Starbucks Corporation 2005 Long-Term Equity Incentive Plan, as amended and restated effective November 15, 2005 | 10-Q | 000-20322 | 2/10/2006 | 10.2 |
| 10.8* | 2005 Non-Employee Director Sub-Plan to the Starbucks Corporation 2005 Long-Term Equity Incentive Plan, as amended and restated effective September 11, 2018 | 10-K | 000-20322 | 11/16/2018 | 10.9 |
| 10.9* | Form of Global Stock Option Grant Agreement for Purchase of Stock under the Key Employee Sub-Plan to the 2005 Long Term Equity Incentive Plan | 10-K | 000-20322 | 11/18/2016 | 10.14 |
| 10.10* | Form of Stock Option Grant Agreement for Purchase of Stock under the 2005 Non-Employee Director Sub-Plan to the Starbucks Corporation 2005 Long-Term Equity Incentive Plan | 10-Q | 000-20322 | 4/26/2016 | 10.2 |
| 10.11 | Credit Agreement, dated June 13, 2025, among Starbucks Corporation, Bank of America, N.A., in its capacity as Administrative Agent, Swing Line Lender and L/C Issuer, Wells Fargo Bank, N.A., Citibank, N.A., Morgan Stanley Bank, N.A. and U.S. Bank National Association, as L/C Issuers, and the other Lenders from time to time a party thereto | 8-K | 000-20322 | 6/16/2025 | 10.1 |
| Incorporated by Reference | |||||
|---|---|---|---|---|---|
| ExhibitNumber · Exhibit Description · Form · File No. · Date of Filing · ExhibitNumber · FiledHerewith | |||||
| 10.12 | Form of Commercial Paper Dealer Agreement between Starbucks Corporation, as Issuer, and the Dealer | 8-K | 000-20322 | 7/29/2016 | 10.1 |
| 10.13* | Form of Global Key Employee Restricted Stock Unit Grant Agreement - No Retirement Vesting (Effective November 2020) | 10-K | 000-20322 | 11/12/2020 | 10.23 |
| 10.14* | Form of Global Key Employee Restricted Stock Unit Grant Agreement - Retirement Vesting (Effective November 2020) | 10-K | 000-20322 | 11/12/2020 | 10.24 |
| 10.15* | Form of Global Key Employee Stock Option Grant Agreement for Purchase of Stock under the 2005 Long-Term Equity Incentive Plan | 10-K | 000-20322 | 11/17/2017 | 10.25 |
| 10.16* | Starbucks Corporation Global Key Employee Restricted Stock Unit Grant Agreement (Promotion - Time-Based -No Retirement Vesting) (Effective August 2022) | 10-K | 000-20322 | 11/18/2022 | 10.23 |
| 10.17* | Starbucks Corporation Key Employee Restricted Stock Unit Grant Agreement (New Hire - Time-Based - No Retirement Vesting) (Effective August 2022) | 10-K | 000-20322 | 11/18/2022 | 10.24 |
| 10.18* | Starbucks Corporation Global Key Employee Restricted Stock Unit Grant Agreement (Annual - Time-Based - Retirement Vesting) (Effective August 2022) | 10-K | 000-20322 | 11/18/2022 | 10.25 |
| 10.19* | Starbucks Corporation Global Key Employee Restricted Stock Unit Grant Agreement (Annual - Performance Based - Retirement Vesting) (Effective August 2022) | 10-K | 000-20322 | 11/18/2022 | 10.26 |
| 10.20* | Starbucks Corporation Executive Severance and Change in Control Plan effective August 31, 2022 and amended on March 22, 2023 | 8-K | 000-20322 | 3/28/2023 | 10.10 |
| Incorporated by Reference | ||||||
|---|---|---|---|---|---|---|
| ExhibitNumber | Exhibit Description | Form | File No. | Date of Filing | ExhibitNumber | FiledHerewith |
| 10.21* | Starbucks Corporation Global Key Employee Restricted Stock Unit Grant Agreement (Performance-Based) (Effective November 2023) | 10-K | 000-20322 | 11/17/2023 | 10.29 | |
| 10.22* | Starbucks Corporation Global Key Employee Restricted Stock Unit Grant Agreement (Time-Based) (Effective November 2023) | 10-K | 000-20322 | 11/17/2023 | 10.30 | |
| 10.23* | Starbucks Corporation Global Key Employee Restricted Stock Unit Grant Agreement (Promotion and New Hire) (Effective November 2023) | 10-K | 000-20322 | 11/17/2023 | 10.31 | |
| 10.24* | Offer Letter, dated August 11, 2024, by and between Starbucks Corporation and Brian R. Niccol | 8-K | 000-20322 | 8/14/2024 | 10.1 | |
| 10.25* | Letter Agreement Amending Offer Letter, dated November 19, 2024, by and between Starbucks Corporation and Brian R. Niccol | 8-K | 000-20322 | 11/21/2024 | 10.1 | |
| 10.26* | Offer Letter, dated February 27, 2025, by and between Starbucks Corporation and Cathy Smith | 8-K | 000-20322 | 3/4/2025 | 10.1 | |
| 10.27* | Starbucks Corporation Global Key Employee Restricted Stock Unit Grant Agreement (Performance-Based) (Effective November 2024) | 10-K | 000-20322 | 11/20/2024 | 10.33 | |
| 10.28* | Starbucks Corporation Global Key Employee Restricted Stock Unit Grant Agreement (Time-Based) (Effective November 2024) | 10-K | 000-20322 | 11/20/2024 | 10.34 | |
| 10.29* | Starbucks Corporation Global Key Employee Restricted Stock Unit Grant Agreement (Promotion) (Effective November 2024) | 10-K | 000-20322 | 11/20/2024 | 10.35 | |
| 10.30* | Starbucks Corporation Global Key Employee Restricted Stock Unit Grant Agreement (Performance Based – Retirement Vesting) (Effective November 2025) | — | — | — | — | X |
| 10.31* | Starbucks Corporation Global Key Employee Restricted Stock Unit Grant Agreement (Performance Based – No Retirement Vesting) (Effective November 2025) | — | — | — | — | X |
| 10.32* | Starbucks Corporation Global Key Employee Restricted Stock Unit Grant Agreement (Time Based – Retirement Vesting) (Effective November 2025) | — | — | — | — | X |
| 10.33* | Starbucks Corporation Global Key Employee Restricted Stock Unit Grant Agreement (Time Based – No Retirement Vesting) (Effective November 2025) | — | — | — | — | X |
| Incorporated by Reference | ||||||
|---|---|---|---|---|---|---|
| ExhibitNumber | Exhibit Description | Form | File No. | Date of Filing | ExhibitNumber | FiledHerewith |
| 19.1 | Starbucks Corporation Insider Trading Policy | — | — | — | — | X |
| 21 | Subsidiaries of Starbucks Corporation | — | — | — | — | X |
| 23 | Consent of Independent Registered Public Accounting Firm | — | — | — | — | X |
| 31.1 | Certification of Principal Executive Officer Pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, As Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | — | — | — | — | X |
| 31.2 | Certification of Principal Financial Officer Pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, As Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | — | — | — | — | X |
| 32** | Certifications of Principal Executive Officer and Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | — | — | — | — | |
| 97 | Starbucks Corporation Recovery of Incentive Compensation Policy | 10-K | 000-20322 | 11/17/2023 | 97 | |
| 101 | The following financial statements from the Company’s 10-K for the fiscal year ended September 28, 2025, formatted in iXBRL: (i) Consolidated Statements of Earnings, (ii) Consolidated Statements of Comprehensive Income, (iii) Consolidated Balance Sheets, (iv) Consolidated Statements of Cash Flows, (v) Consolidated Statements of Equity, and (vi) Notes to Consolidated Financial Statements | — | — | — | — | X |
| 104 | Cover Page Interactive Data File (formatted in iXBRL and contained in Exhibit 101) | |||||
- Denotes a management contract or compensatory plan or arrangement.
** Furnished herewith.
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