Starbucks Corp Subsidiaries: 6 by Jurisdiction (SBUX) | Sharpnel
STARBUCKS CORP (SBUX)
Nasdaq · Common Stock · Retail-Eating & Drinking Places
One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.
American multinational coffee company
Corporate structure
6 entities across 5 jurisdictions, 1 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2025-11-14 — see the exhibit.
Which other public companies file entities in the same places:
Subsidiaries of STARBUCKS CORP as disclosed in its SEC filing
Entity
Jurisdiction
Note
SBI Nevada, Inc.
Nevada
Shanghai Starbucks Coffee Enterprise Co., Ltd.
China
Starbucks Coffee (Cayman) Holdings Ltd.
Cayman Islands
offshore centre
Starbucks Coffee International, Inc.
Washington
Starbucks EMEA Holdings Ltd
United Kingdom
Starbucks International (Holdings) Ltd
United Kingdom
Financial health
Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.
Piotroski F-score
5 / 8
PASSReturn on assets positiveROA 5.8%
PASSOperating cash flow positiveOCF 4.7B
FAILReturn on assets improving12.0% → 5.8%
PASSCash flow exceeds earningsOCF 4.7B vs NI 1.9B
PASSLong-term debt ratio falling45.7% → 45.5% of assets
Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.
Six-year record
Year
Revenue
Net income
Free cash flow
Gross margin
Shares
FY2020
$23.5B
$928.3M
$114.2M
—
1,181,800,000
FY2021
$29.1B
$4.2B
$4.5B
—
1,185,500,000
FY2022
$32.3B
$3.3B
$2.6B
—
1,158,500,000
FY2023
$36.0B
$4.1B
$3.7B
—
1,151,300,000
FY2024
$36.2B
$3.8B
$3.3B
—
1,137,300,000
FY2025
Ownership flow
16 institutions tracked — 10 added, 5 reduced, 1 opened a new position. Index money added 5,741,536 shares while active managers cut 14,300,112.
Institutional holders of STARBUCKS CORP and their share-count change
Manager
Kind
Shares
Change
Value
Capital World Investors
Active fund
91,475,472
−11,840,157
$9.3B
MORGAN STANLEY
Active fund
19,928,895
−4,934,815
$2.0B
BlackRock, Inc.
Index
83,222,518
+3,658,187
$8.5B
STATE STREET CORP
Index
49,260,268
Capital returned
What the company actually paid out and bought back, as reported — the record behind any yield figure.
Dividend per share
2026Q2
$0.62
2026Q1
$0.62
2025Q4
$0.62
2025Q3
$0.62
2025Q2
$0.61
2025Q1
$0.61
Identity
CIK
0000829224
FIGI
BBG000CTQBF3
SIC
5810 · Retail-Eating & Drinking Places
Incorporated
WA
Headquarters
SEATTLE, WA
Employees
383,000 (2021)
Founded
1971-03-30
Ownership
Institutional
87.1%
Institutions
2,981
Insiders
0.1%
Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.
Questions about STARBUCKS CORP
How many subsidiaries does STARBUCKS CORP file with the SEC?
6, listed in its most recent exhibit 21. They are incorporated across 5 jurisdictions, led by Nevada, China, Cayman Islands. 1 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is STARBUCKS CORP financially healthy?
STARBUCKS CORP scores 5 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the grey zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of STARBUCKS CORP?
Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are Capital World Investors (trimming), BlackRock, Inc. (adding), STATE STREET CORP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.
This page is one panel of the terminal
The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.
Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.
Cash conversion
255.7%
Share count change
0.2%
$37.2B
$1.9B
$2.4B
—
1,139,800,000
+1,530,497
$5.0B
WELLINGTON MANAGEMENT GROUP LLP
Active fund
5,059,540
+1,077,415
$517.0M
PRICE T ROWE ASSOCIATES INC /MD/
Active fund
3,088,443
+737,507
$315.6M
CITADEL ADVISORS LLC
Hedge fund
7,572,918
+592,813
$773.9M
GEODE CAPITAL MANAGEMENT, LLC
Index
28,569,031
+552,852
$2.9B
FMR LLC
Active fund
26,301,027
+536,502
$2.7B
JPMORGAN CHASE & CO
Active fund
7,760,008
−426,942
$807.5M
BANK OF AMERICA CORP /DE/
Active fund
15,473,992
−287,363
$1.6B
Point72 Asset Management, L.P.
Hedge fund
1,158,700
+246,200
$118.4M
BAILLIE GIFFORD & CO
Value
548,926
−76,649
$56.1M
AQR CAPITAL MANAGEMENT LLC
Hedge fund
240,509
+74,634
$24.6M
Bridgewater Associates, LP
Hedge fund
66,482
+743
$6.8M
NORGES BANK holds a position with no prior filing to compare against, so its change is unknown rather than zero — and it is left out of the totals above.
From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.