Item 5. Market for the Registrant’s Common Equity, Related Shareholder Matters, and Issuer Purchases of Equity Securities

Refer to Part III, Item 12 of this 10-K for information about our equity compensation plans, which is incorporated by reference herein.

SHAREHOLDER INFORMATION

As of November 5, 2026, we had approximately 16,000 shareholders of record. This does not include persons whose stock is in nominee or “street name” accounts through brokers.

MARKET INFORMATION AND DIVIDEND POLICY

Starbucks common stock is traded on Nasdaq, under the symbol “SBUX.”

Future decisions to pay comparable cash dividends to those paid in the past continue to be at the discretion of the Board and will be dependent on our operating performance, financial condition, capital expenditure requirements and other factors that the Board considers relevant.

ISSUER PURCHASES OF EQUITY SECURITIES

Shares under our ongoing share repurchase program, first announced in September 2001 and most recently reauthorized in September 2026, may be repurchased in open market transactions, including pursuant to a trading plan adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or through privately negotiated transactions. The timing, manner, price, and amount of repurchases will be determined at our discretion and the share repurchase program may be suspended, terminated, or modified at any time for any reason. During the fiscal fourth quarter ended September 27, 2026, there was no share repurchase activity. As of September 27, 2026, 29.8 million shares remained available for repurchase under current authorizations.

Performance Comparison Graph

The following graph shall not be deemed “filed” for purposes of section 18 of the Exchange Act, or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing of Starbucks Corporation under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and irrespective of any general incorporation language in any such filing.

The following graph depicts the total return to shareholders from October 3, 2021, through September 27, 2026, relative to the performance of the Standard & Poor’s 500 Index, the Nasdaq Composite Index and the Standard & Poor’s 500 Consumer Discretionary Sector, a peer group that includes Starbucks. All indices shown in the graph have been reset to a base of 100 as of October 3, 2021, and assume an investment of $100 on that date and the reinvestment of dividends paid since that date. The stock price performance shown in the graph is not necessarily indicative of future stock price performance.

			Oct 3, 2021						Oct 2, 2022						Oct 1, 2023						Sep 29, 2024						Sep 28, 2025						Sep 27, 2026
Starbucks Corporation			$	100.00					$	76.28					$	84.38					$	92.28					$	81.08					$	94.60
S&P 500			100.00						84.53						102.80						140.17						164.84						190.78
Nasdaq Composite			100.00						73.75						93.00						128.94						161.71						192.83
S&P Consumer Discretionary			100.00						79.11						90.00						115.25						138.66						131.52