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Starbucks Executive Compensation (FY25)

SBUX · Seattle, WA · Executive and director compensation, fiscal 2022 to 2025

The Starbucks brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Data as of September 7, 2026Latest filing (8-K): March 30, 2026
14 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Starbucks brief$1,500Get the executive brief
396 figures on this page: 385 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Brian Niccol
Median of the other named officers
$9,037,215
6 officers, excluding the chief executive
Latest say-on-pay support
=
March 25, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Brian Niccol: $95,801,676 → $30,992,773 (67.6% lower)
Say-on-pay support: 86.1% → 88.6% (2.5 points higher)
CEO pay ratio: 6,666:1 → 1,794:1 (73.1% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Starbucks' chief executive and what were they paid?
Brian Niccol, chairman and chief executive officer, received $30,992,773 in total compensation for fiscal 2025. Compared with the $95,801,676 reported for fiscal 2024, Niccol's total was 67.6% lower.
What was Starbucks' say-on-pay result?
Shareholders supported the say-on-pay proposal with 88.6% of votes cast for or against in favor at the meeting held March 25, 2026 for fiscal 2025.
Which companies are in Starbucks' peer group?
The disclosed peer group names American Express Company, Mastercard Incorporated, T-Mobile US, Inc. and The Walt Disney Company.
What is Starbucks' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 1,794:1, against median employee compensation of $17,279.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kevin Johnson
former president and chief executive officer
Departed during or after this year
◇—◇———◇◇
Rachel Gonzalez
former executive vice president, general counsel
Departed during or after this year
◇—◇———◇◇
Laxman Narasimhan
chief executive officer-elect
—◇◇———◇◇
John Culver
former group president and chief operating officer
Departed during or after this year
◇—◇———◇◇
Michael Conway
group president, International and Channel Development
◇—◇———◇◇
Rachel Ruggeri
executive vice president and chief financial officer
◇—◇———◇◇
Howard Schultz
interim chief executive officer
Served on an interim basis
◇—————◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Brian Niccol
chairman and chief executive officer
◇◇◇—◇—◇◇
Laxman Narasimhan
former chief executive officer
Departed during or after this year
◇—◇———◇◇
Michael Conway
former chief executive officer, Starbucks North America
Departed during or after this year
◇—◇—◇—◇◇
Rachel Ruggeri
executive vice president, chief financial officer and former interim chief executive officer
Departed during or after this year
Served on an interim basis
◇—◇—◇—◇◇
Brady Brewer
chief executive officer, Starbucks International
◇—◇—◇—◇◇
Bradley E. Lerman
executive vice president, chief legal officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Brian Niccol
chairman and chief executive officer
◇◇◇—◇—◇◇
Cathy Smith
executive vice president chief financial officer
◇◇◇—◇—◇◇
Brady Brewer
chief executive officer, Starbucks International
◇—◇—◇—◇◇
Sara Kelly
executive vice president chief partner officer
◇—◇—◇—◇◇
Mike Grams
executive vice president chief operating officer
◇◇◇—◇—◇◇
Rachel Ruggeri
former executive vice president chief financial officer
Departed during or after this year
◇—◇———◇◇
Val Bauduin
former interim chief financial officer
Departed during or after this year
Served on an interim basis
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Brady BrewerRSU◇——◇——◇
Brady BrewerPSU◇◇◇—◇—◇
Brady BrewerPSU◇◇◇—◇—◇
Brian NiccolRSU◇——◇——◇
Brian NiccolPSU◇◇◇—◇—◇
Brian NiccolPSU◇◇◇—◇—◇
Cathy SmithRSU◇——◇——◇
Cathy SmithPSU◇◇◇—◇—◇
Cathy SmithPSU◇◇◇—◇—◇
Cathy SmithPSU◇◇◇—◇—◇
Cathy SmithRSU◇——◇——◇
Mike GramsRSU◇——◇——◇
Mike GramsPSU◇◇◇—◇—◇
Mike GramsPSU◇◇◇—◇—◇
Rachel RuggeriPSU◇◇◇—◇—◇
Rachel RuggeriRSU◇——◇——◇
Sara KellyRSU◇——◇——◇
Sara KellyPSU◇◇◇—◇—◇
Sara KellyPSU◇◇◇—◇—◇
Val BauduinPSU◇◇◇—◇—◇
Val BauduinRSU◇——◇——◇
Val BauduinPSU◇◇◇—◇—◇
Fiscal 2022, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Brian NiccolPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Sara KellyRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Mike GramsRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Brady BrewerPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Cathy SmithPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Rachel RuggeriPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Val BauduinRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Mike Grams
executive vice president chief operating officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Rachel Ruggeri
former executive vice president chief financial officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Benefits continuation◇
Sara Kelly
executive vice president chief partner officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jørgen Vig Knudstorp
Lead independent director
—◇————◇
Andy Campion
—◇————◇
Beth Ford
—◇————◇
Ritch Allison
—◇————◇
Wei Zhang
—◇————◇
Daniel Servitje
—◇————◇
Mike Sievert
—◇————◇
Neal Mohan
—◇————◇
Marissa Mayer
—◇————◇
Dambisa Moyo
◇◇————◇
Brian Niccol and Mellody Hobson served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Fully-vested RSUs.
Stock ownership guideline: 5x annual retainer ($650,000)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • American Express Company AXP
  • Mastercard Incorporated MA
  • T-Mobile US, Inc. TMUS
  • The Walt Disney Company DIS

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025March 25, 2026=◇◇◇
2024March 12, 2025=◇◇◇
2023March 13, 2024=◇◇◇
2022March 23, 2023=◇◇◇
2021March 16, 2022=◇◇◇
2020March 17, 2021=◇◇◇
2019March 18, 2020=◇◇◇
2018March 20, 2019=◇◇◇
2017March 21, 2018=◇◇◇
2016March 22, 2017=◇◇◇
2015March 23, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Starbucks disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Starbucks sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
396 figures on this page: 385 cited to the filing that reported them, 11 calculated from figures it prints.
385 cited to the filing
11 calculated from the filing

Documents cited

  1. 0000829224-26-000058
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001213900-26-007780
    CEO pay ratio · Compensation Discussion and Analysis · Fiscal year 2025 non-employee director compensation table · Grants of Plan-Based Awards · and 4 more sections
  3. 0000829224-25-000024
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001213900-25-006516
    Summary compensation table
  5. 0000829224-24-000016
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000829224-23-000027
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0000829224-23-000007
    SUMMARY COMPENSATION TABLE
  8. 0000829224-22-000016
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001193125-21-087492
  10. 0000829224-20-000027
  11. 0000829224-19-000014
  12. 0000829224-18-000011
  13. 0000829224-17-000012
  14. 0000829224-16-000055
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Starbucks executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/SBUX (accessed 2026).
Short form: data: Velarion

The Starbucks brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
14 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Starbucks discloses

The companies named in SBUX's own disclosed peer group.

American Express CompanyMastercard IncorporatedT-Mobile US, Inc.The Walt Disney Company

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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