Earned & Paid
Companies · Restaurants

Starbucks

AdvertiserSBUX

Starbucks spent $870M on advertising and marketing in fiscal 2025, up 45.7% on the year before and +254% since 2019. That's 2.3% of revenue, more than in 2019: leaning in.

$870Mmarketing spend, FY2025
+45.7%vs the year before
2.3%of revenue (+1.4 pts vs 2019)

Marketing spend by year

2012: $182M2013: $206M132014: $199M2015: $228M152016: $249M2017: $283M172018: $260M2019: $246M192020: $259M2021: $305M212022: $417M2023: $508M232024: $597M2025: $870M252.3%

Bars: advertising and marketing expense, $B (10-K). Line: spend as a share of revenue.

What they told investors

“So I think all of that goes together with that great full customer experience, and we're seeing it with the uplifts.”Catherine Smith · 2026 Q3 · transcript
“But we really have just reallocated some of the less effective discounts into far more effective marketing dollars.”management · 2026 Q1 · transcript

What the 10-K says about marketing

Say vs do

We found no statement about the size of Starbucks's marketing budget on its earnings calls or in its 10-Ks, so here is its record against its peers.

What they said

No statement about the size of its marketing budget.

What they did

YearMarketing spendChangeShare of revenue
FY2025$870M+45.7%2.3%
FY2024$597M+17.5%1.6%
FY2023$508M+21.8%1.4%
FY2022$417M+36.7%1.3%
FY2021$305M+17.8%1.1%
FY2020$259M+5.3%1.1%

Against its peers. Compared with the 5 other Restaurants advertisers we track (Chipotle, Yum Brands, Restaurant Brands, Domino's, Wendy's): since 2019 its marketing spend went +254% (peer median +66%); its share of revenue moved +1.4 pts (median +0.1); last year +45.7% (median +9.6%).

In interviews, its leaders made 219 statements about marketing: 19 argued for investing in brand and 1 for cutting.

How we check: a statement gets a verdict only when it's clearly about the size of the whole company's marketing budget over a full fiscal year; we compare it with the advertising and marketing expense in that year's 10-K. Statements about one quarter, one brand or channel, or the mix between brand and performance can't be checked against annual filings.

What they say about media

The marketing channels it talks about using for itself on earnings calls and in its 10-Ks and 10-Qs, since 2019; counts are statements, not spending.

CRM, loyalty & first-party data 23× since 2019Creative campaigns 11× since 2020Experiential & events 3× since 2023Linear TV 2× since 2024AI in marketing 2× since 2021Sponsorships & athletes 1× since 2026Influencers & creators 1× since 2024

What they see in the market

What its leaders and filings say about the ad market: its own ad business, or the channels advertisers use, since 2019; counts are statements, not spending.

CRM, loyalty & first-party data 1× since 2022

In the news

Peers