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Deferred Revenue | 9 Months Ended
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Jun. 28, 2026
Deferred Revenue [Abstract] |
Revenue from Contract with Customer | Deferred Revenue Our deferred revenue primarily consists of the prepaid royalty from Nestlé, for which we have continuing performance obligations to support the Global Coffee Alliance, our unredeemed stored value card liability, and unredeemed loyalty points (“Stars”) associated with our loyalty program. As of June 28, 2026, the current and long-term deferred revenue related to the Nestlé up-front payment was $177.0 million and $5.5 billion, respectively. As of September 28, 2025, the current and long-term deferred revenue related to the Nestlé up-front payment was $177.0 million and $5.6 billion, respectively. During each of the quarters ended June 28, 2026, and June 29, 2025, we recognized $44.1 million of prepaid royalty revenue related to Nestlé. During each of the three quarters ended June 28, 2026, and June 29, 2025, we recognized $132.3 million of prepaid royalty revenue related to Nestlé. Changes in our deferred revenue balance related to our stored value cards and loyalty program (in millions):
Quarter Ended June 28, 2026 | Total
Stored value cards and loyalty program at March 29, 2026 (2) | $ | 1,753.6 |
Revenue deferred - card activations, card reloads and Stars earned | 3,672.2 |
Revenue recognized - card and Stars redemptions and breakage | (3,678.9) |
Other (1) | (2.8) |
Stored value cards and loyalty program at June 28, 2026 (3) | $ | 1,744.1 |
Quarter Ended June 29, 2025 | Total
Stored value cards and loyalty program at March 30, 2025 | $ | 1,853.2 |
Revenue deferred - card activations, card reloads and Stars earned | 3,764.0 |
Revenue recognized - card and Stars redemptions and breakage | (3,788.2) |
Other (1) | 15.3 |
Stored value cards and loyalty program at June 29, 2025 (3) | $ | 1,844.3 |
Three Quarters Ended June 28, 2026 | Total
Stored value cards and loyalty program at September 28, 2025 | $ | 1,751.7 |
Revenue deferred - card activations, card reloads and Stars earned | 11,603.9 |
Revenue recognized - card and Stars redemptions and breakage | (11,403.3) |
Other(1) | (8.5) |
Divestiture (2) | (199.7) |
Stored value cards and loyalty program at June 28, 2026 (3) | $ | 1,744.1 |
Three Quarters Ended June 29, 2025 | Total
Stored value cards and loyalty program at September 29, 2024 | $ | 1,718.7 |
Revenue deferred - card activations, card reloads and Stars earned | 11,675.2 |
Revenue recognized - card and Stars redemptions and breakage | (11,544.0) |
Other(1) | (5.6) |
Stored value cards and loyalty program at June 29, 2025 (3) | $ | 1,844.3 |
(1)“Other” primarily consists of changes in the stored value cards and loyalty program balances resulting from foreign currency translation. (2)The balance excludes Starbucks retail operations in China that were classified as held for sale in the first quarter of fiscal 2026 and divested in the third quarter of fiscal 2026. (3)As of June 28, 2026 and June 29, 2025, approximately $1.6 billion and $1.7 billion, respectively, of these amounts were current.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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