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Company file · DPZ

Domino's

Domino's' revenue rose 5.0% in FY2025, to $4.9B, and net income rose 3.0% to $602M

Revenue rose 5.0% to $4.9B in FY2025, from $4.7B in FY2024. Net income rose 3.0% to $602M. Supply Chain was the largest segment, at 61% of revenue.

Prepared from SEC filings · Latest annual report: 10-K for FY2025 (filed Feb 23, 2026) · Latest quarter: 10-Q for the quarter ended Sep 6, 2026 (filed Oct 13, 2026) · Data pulled Nov 11, 2026

Key facts

In fiscal 2025, which ended Dec 28, 2025, Domino's (Nasdaq: DPZ) took in $4.9B of revenue (up 5.0% on fiscal 2024); net income was $602M (up 3.0%). The most recent quarter, ended Sep 6, 2026, brought revenue of $1.2B, up 3.4% year over year, with net income of $152M. Supply Chain was the biggest single line by segment: 61% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Feb 23, 2026) and 10-Q for the quarter ended Sep 6, 2026 (filed Oct 13, 2026).

Revenue$4.9BFY2025 · +5.0% vs FY2024
Net income$602MFY2025 · +3.0% vs FY2024
Operating cash flow$792MFY2025 · +26.8% vs FY2024
Cash & equivalents$229Mat Sep 6, 2026 · +82.2% vs FY2025 end
Diluted shares34MFY2025 avg · −2.2% vs FY2024
Revenue and net income, three fiscal yearsBy fiscal year, $bn
RevenueNet income
Revenue and net income by fiscal yearRevenue FY2023: $4.5B4.5Net income FY2023: $519M0.52FY2023Revenue FY2024: $4.7B4.7Net income FY2024: $584M0.58FY2024Revenue FY2025: $4.9B4.9Net income FY2025: $602M0.60FY2025Data: Ticker Sage, from SEC EDGAR · tickersage.com

Source: 10-K FY2025, filed Feb 23, 2026

Quarterly revenue: fiscal 2026 vs a year earlierFiscal Q1–Q3, $bn (each quarter from that quarter's 10-Q)
FY2025FY2026
Quarterly revenue, fiscal 2026 vs 2025FY2025 Q1: $1.1B1.1FY2026 Q1: $1.2B1.2Q1FY2025 Q2: $1.1B1.1FY2026 Q2: $1.2B1.2Q2FY2025 Q3: $1.1B1.1FY2026 Q3: $1.2B1.2Q3Data: Ticker Sage, from SEC EDGAR · tickersage.com

Source: 10-Q filed Apr 27, 2026 · 10-Q filed Jul 20, 2026 · 10-Q filed Oct 13, 2026

How it makes money

FY2025 total by categorySupply Chain: $3.0B (61%)US Stores: $1.6B (33%)International Franchise: $339M (7%)$4.9BFY2025 totalData: Ticker Sage, from SEC EDGARtickersage.com

By segment, FY2025

  • LineAmountSharevs FY2024
  • Supply Chain$3.0B61%+5.1%
  • US Stores$1.6B33%+4.5%
  • International Franchise$339M7%+6.3%

Source: 10-K FY2025, XBRL breakdown

By segment in FY2025: Supply Chain (61%), US Stores (33%) and International Franchise (7%), as shares of total revenue. Total revenue was $4.9B.

By segment: three-year mixShare of the total each fiscal year
Supply ChainUS StoresInternational Franchise

Source: 10-K FY2025

Learn more: Revenue vs. net income · Gross, operating and net margin

What changed last quarter

How the quarter compared with a year earlier

Comparing Q3 2026 (Jun to Aug 2026) compared with Q3 2025 (Jun to Aug 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q3 2026Q3 2025

Company

Revenue
$1.2B Q3 2026
$1.1B Q3 2025
3.4% increase
Net income
$152M Q3 2026
$139M Q3 2025
9.2% increase

Source: Domino's 10-Q for the quarter ended Sep 6, 2026, filed Oct 13, 2026

By segment

Supply Chain
$746M Q3 2026
$697M Q3 2025
7.1% increase
US Stores
$356M Q3 2026
$372M Q3 2025
4.3% decrease
International Franchise
$84M Q3 2026
$79M Q3 2025
6.6% increase

Source: Domino's 10-Q for the quarter ended Sep 6, 2026, filed Oct 13, 2026

  • Cash & equivalents $229M at Sep 6, 2026, vs $126M at FY2025 end.
  • Operating cash flow, first 8 months of fiscal 2026: $521M vs $552M a year earlier.

The bull case and the bear case

The bull case

  • Revenue rose 5.0% in FY2025 to $4.9B, from $4.7B a year earlier. 10-K, FY2025
  • Net income rose 3.0% in FY2025 to $602M, from $584M. 10-K, FY2025
  • Operating cash flow rose 26.8% in FY2025 to $792M. 10-K, FY2025
  • Diluted shares fell 2.2% in FY2025, so each share represents a larger slice of profit. 10-K, FY2025

The bear case

  • The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include consumer spending; competition; costs. 10-K, Item 1A

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

Domino's is in the restaurants industry, part of the consumer discretionary sector. The SEC files it under Wholesale-Groceries & Related Products.

Domino's reports 3 segments: Supply Chain, US Stores and International Franchise.

Its latest fiscal year, FY2025, ended Dec 28, 2025.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the restaurants industry. They are not a summary of Domino's’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

  1. Consumer spendingShoppers cut back on non-essentials when budgets are tight.
  2. CompetitionRivals, online sellers and changing tastes pressure prices and traffic.
  3. CostsWages, freight and product costs can squeeze margins.
  4. Supply chain and tariffsImported goods make it sensitive to trade policy and shipping disruptions.
  5. Brand and reputationProduct problems or public criticism can hurt demand.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$FY2023FY2024FY2025
Revenue$4.5B$4.7B$4.9B
Net income$519M$584M$602M
Operating cash flow$591M$625M$792M
Cash & equivalents (year end)$114M$186M$126M
Diluted shares35M35M34M
  • Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
  • Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
  • Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
  • Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
  • Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator

Explainers for this page

Plain-English guides to terms this file uses, with real numbers from filings.

About these numbers

    What we left out

    • Total debt: the debt lines in the company's filing data don't add up to the total it tags itself, so it isn't shown.

    Recent filings

    FormFiledPeriod
    10-QOct 13, 2026Sep 6, 2026
    10-QJul 20, 2026Jun 14, 2026
    10-QApr 27, 2026Mar 22, 2026
    DEF 14AMar 10, 2026Mar 9, 2026
    10-KFeb 23, 2026Dec 28, 2025

    Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

    Common questions about Domino's

    How does Domino's make money?

    In fiscal 2025, revenue totaled $4.9B. By segment in FY2025: Supply Chain (61%), US Stores (33%) and International Franchise (7%), as shares of total revenue. Total revenue was $4.9B. Source: 10-K for fiscal 2025, filed Feb 23, 2026.

    What was Domino's's revenue in fiscal 2025?

    Revenue came to $4.9B in the year ended Dec 28, 2025. Going back two years, it was $4.5B in fiscal 2023 and $4.7B in fiscal 2024, so the latest year was up 5.0%. Source: 10-K for fiscal 2025, filed Feb 23, 2026.

    Is Domino's profitable?

    Yes, by US accounting rules (GAAP): net income was $602M in fiscal 2025, up 3.0% from $584M a year earlier. For the quarter ended Sep 6, 2026, net income was $152M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Feb 23, 2026.

    What did Domino's report in its latest quarterly filing?

    The 10-Q for the quarter ended Sep 6, 2026 shows revenue of $1.2B, against $1.1B in the same quarter a year before (up 3.4%), and net income of $152M, against $139M (up 9.2%). Source: 10-Q for the quarter ended Sep 6, 2026, filed Oct 13, 2026.

    What are the main risks Domino's faces?

    Domino's's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Feb 23, 2026. Risks that are common among companies in the restaurants industry include Consumer spending; competition; costs; supply chain and tariffs; brand and reputation. The first: Shoppers cut back on non-essentials when budgets are tight. Source: 10-K, Item 1A Risk Factors.

    Where do these Domino's numbers come from?

    Two filings Domino's made with the SEC: its fiscal 2025 10-K, filed Feb 23, 2026, and its 10-Q for the quarter ended Sep 6, 2026, filed Oct 13, 2026. The figures are taken from the XBRL data the SEC publishes, and every one links back to its source. Methodology explains how fiscal years and missing numbers are handled.

    Tracked funds that report owning Domino's

    • Renaissance Technologies: 140,166 shares, reported value $41.5M at Jun 30, 2026 (−60.1% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 13, 2026.
    • Citadel Advisors: 56,759 shares, reported value $16.8M at Jun 30, 2026 (+108.9% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
    • Millennium Management: 35,162 shares, reported value $10.4M at Jun 30, 2026 (−87.2% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
    • Bridgewater Associates: 8,398 shares, reported value $2.5M at Jun 30, 2026 (−26.4% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
    • Two Sigma Investments: 7,040 shares, reported value $2.1M at Jun 30, 2026 (−93.7% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
    • Markel Group: 5,500 shares, reported value $1.6M at Sep 30, 2026 (same number of shares as in the filing for Jun 30, 2026). Form 13F filed Oct 30, 2026.

    From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.

    Disclosures

    Editor holdings in DPZ
    The editor holds no position in Domino's (DPZ). As of Nov 11, 2026.
    Trading rule
    The editor does not buy or sell DPZ from 3 days before to 3 days after this page is published or substantively updated.
    Compensation
    Nobody paid for this page. No affiliate links on this page.
    Sources
    The company's SEC filings, linked next to each number or, for charts, in the source line under them.
    Last updated
    Nov 10, 2026

    General education, the same for every reader. Not a recommendation to buy, sell or hold DPZ, and it doesn't consider your situation.

    Compare with peers

    CompanyFiscal yearRevenueRevenue growthNet income
    Domino'sDPZFY2025$4.9B+5.0%$602M
    McDonald'sMCDFY2025$26.9B+3.7%$8.6B
    StarbucksSBUXFY2025$37.2B+2.8%$1.9B
    Yum! BrandsYUMFY2025$8.2B+8.8%$1.6B
    Chipotle Mexican GrillCMGFY2025$11.9B+5.4%$1.5B

    Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.

    More company files

    New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.