How Niccol was paid
$31M in total for fiscal 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Brian Niccolchairman and chief executive officer | $1,599,998 | $5,000,000 | $19,881,585 | $1,971,000 | $2,540,190 | $30,992,773 |
| Cathy Smithexecutive vice president, chief financial officer | $462,498 | $2,500,000 | $12,459,305 | $328,697 | $15,523 | $15,766,023 |
| Brady Brewerchief executive officer, Starbucks International | $775,008 | $0 | $9,647,346 | $424,313 | $101,144 | $10,947,811 |
| Mike Gramsexecutive vice president, chief operating officer | $457,692 | $500,000 | $7,286,612 | $307,442 | $114,878 | $8,666,624 |
| Sara Kellyexecutive vice president, chief partner officer | $664,424 | $0 | $8,255,917 | $364,298 | $123,167 | $9,407,806 |
| Rachel Ruggeriformer executive vice president, chief financial officer | $494,312 | $0 | $4,366,852 | $0 | $1,921,552 | $6,782,716 |
| Val Bauduininterim chief financial officer | $524,992 | $0 | $1,263,902 | $165,309 | $29,397 | $1,983,600 |
What changed and why
- $31MBrian Niccol received total compensation of $30,992,773 in fiscal 2025 following his appointment.
- $37.2BConsolidated net revenues increased 3% to $37.2 billion year-over-year.
- 7.9%GAAP operating margin contracted to 7.9% and GAAP EPS declined 51% year-over-year.
- 86%Approximately 86% of shareholders voted in favor of the say-on-pay proposal at the 2025 Annual Meeting.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.