Domino’s Pizza (DPZ) Q4 2025 Financial Results Summary

Release Date: February 23, 2026

Domino’s Pizza, Inc. (Nasdaq: DPZ), the largest pizza company in the world, announced its fourth quarter and fiscal year 2025 financial results. Below are the significant highlights:

Financial Overview

• Global Retail Sales
  • Fourth Quarter: $6,296.5 million, a 4.9% increase compared to Q4 2024.
  • Fiscal Year: $20,126.8 million, a 5.4% increase compared to fiscal 2024.
• U.S. Same Store Sales Growth
  • Fourth Quarter: 3.7% growth, compared to 0.4% growth in Q4 2024.
  • Fiscal Year: 3.0% growth, compared to 3.2% growth in fiscal 2024.
• International Same Store Sales Growth (excluding foreign currency impact)
  • Fourth Quarter: 0.7%, down from 2.7% in Q4 2024.
  • Fiscal Year: 1.9%, compared to 1.6% growth in fiscal 2024.
• Global Net Store Growth
  • Fourth Quarter: 392 new stores opened.
  • Fiscal Year: 776 new stores opened.

Operational Highlights

• Income from Operations
  • Fourth Quarter: $295.7 million, an 8.0% increase compared to $273.7 million in Q4 2024.
  • Fiscal Year: $954.0 million, an 8.5% increase compared to $879.0 million in fiscal 2024.
• Net Income
  • Fourth Quarter: $181.6 million, a 7.2% increase from $169.4 million in Q4 2024.
  • Fiscal Year: $601.7 million, a 3.0% increase over $584.2 million in fiscal 2024.
• Diluted Earnings Per Share (EPS)
  • Fourth Quarter: $5.35, a 9.4% increase from $4.89 in Q4 2024.
  • Fiscal Year: $17.57, a 5.3% increase over $16.69 in fiscal 2024.
• Leverage Ratio
  • Current Ratio: 4.4x compared to 4.9x in the previous year.
• Cash Flows
  • Net Cash Provided by Operating Activities: $792.1 million, a 26.8% increase from $624.9 million in the previous year.
  • Free Cash Flow: $671.5 million, up 31.2% from $512.0 million in fiscal 2024.

Store Count

• Store Count at December 28, 2025
  • U.S. Company-owned: 262
  • U.S. Franchise: 6,924
  • Total U.S. Stores: 7,186
  • International Stores: 14,956
  • Total Global Stores: 22,142

Dividend and Share Repurchase Activities

• Quarterly Dividend
  • The Board of Directors approved a 15% increase in quarterly dividend to $1.99 per share.
• Share Repurchase Activity
  • In Q4 2025, the company repurchased and retired 188,526 shares of common stock for $80.0 million.
  • Throughout fiscal 2025, 785,280 shares were repurchased for a total of $354.7 million.

Additional Insights

• Growth Strategy: Domino’s continued to execute its “Hungry for MORE” strategy, showcasing successful sales increases and store profitability.
• Franchise Business: The robust financial performance benefited franchisee profits significantly, highlighting effective operational strategies.
• Future Outlook: Management anticipates that Domino’s will continue to capture increased market share in the U.S. QSR pizza category, driving further sales and profitability.

This financial summary reflects the operational health and strategic direction of Domino’s Pizza, presenting both current performance metrics and insights into anticipated future growth.

Here are the extracted tables from the press release:

Domino’s Pizza, Inc. and Subsidiaries Condensed Consolidated Statements of Income (Unaudited)

(In thousands, except share and per share data)

Note: All amounts are in thousands.

	Fiscal Quarter Ended	% of Total		% of Total
	December 28, 2025	Revenues	December 29, 2024	Revenues
Revenues:
U.S. Company-owned stores	$108,350		$119,812
U.S. franchise royalties and fees	$212,698		$196,025
Supply chain	$935,584		$876,009
International franchise royalties and fees	$107,432		$98,396
U.S. franchise advertising	$171,676		$153,672
Total revenues	$1,535,740	100.0 %	$1,443,914	100.0 %
Cost of sales:
U.S. Company-owned stores	$97,404		$101,264
Supply chain	$828,795		$776,796
Total cost of sales	$926,199	60.3 %	$878,060	60.8 %
Gross margin	$609,541	39.7 %	$565,854	39.2 %
General and administrative	$142,343	9.2 %	$138,530	9.6 %
U.S. franchise advertising	$171,676	11.2 %	$153,672	10.6 %
Refranchising gain	$(145)	0.0 %	–	–
Income from operations	$295,667	19.3 %	$273,652	19.0 %
Other (expense) income	$(7,580)	(0.5 %)	$3,193	0.2 %
Interest expense, net	$(57,681)	(3.8 %)	$(55,852)	(3.9 %)
Income before provision for income taxes	$230,406	15.0 %	$220,993	15.3 %
Provision for income taxes	$48,763	3.2 %	$51,549	3.6 %
Net income	$181,643	11.8 %	$169,444	11.7 %
Earnings per share:
Common stock – diluted	$5.35		$4.89
Weighted average diluted shares	33,958,449		34,655,676

Domino’s Pizza, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Unaudited)

(In thousands)

Note: All amounts are in thousands.

	December 28, 2025	December 29, 2024
Assets
Current assets:
Cash and cash equivalents	$125,675	$186,126
Restricted cash and cash equivalents	$216,110	$195,370
Accounts receivable, net	$315,958	$309,104
Inventories	$79,189	$70,919
Prepaid expenses and other	$39,767	$40,363
Advertising fund assets, restricted	$117,502	$103,396
Total current assets	$894,201	$905,278
Property, plant and equipment, net	$324,022	$301,179
Operating lease right-of-use assets	$219,485	$210,302
Investment in DPC Dash	$36,070	$82,699
Other assets	$242,681	$237,555
Total assets	$1,716,459	$1,737,013
Liabilities and stockholders’ deficit
Current liabilities:
Current portion of long-term debt	$6,131	$1,149,679
Accounts payable	$135,029	$85,898
Operating lease liabilities	$47,553	$39,920
Advertising fund liabilities	$115,412	$101,567
Other accrued liabilities	$237,496	$235,398
Total current liabilities	$541,621	$1,612,462
Long-term liabilities:
Long-term debt, less current portion	$4,810,683	$3,825,659
Operating lease liabilities	$183,917	$181,983
Other accrued liabilities	$81,380	$79,200
Total long-term liabilities	$5,075,980	$4,086,842
Total stockholders’ deficit	$(3,901,142)	$(3,962,291)
Total liabilities and stockholders’	$1,716,459	$1,737,013
deficit