Domino's Pizza (DPZ) financial statements
Domino's Pizza reported revenue of $4.9B in fiscal 2025, up 8.0% a year over 9 years.
Net income was $602M and the operating margin 19.3%, against 18.4% in 2016.
Free cash flow was $672M, and the company returned $237M in dividends and $358M in net buybacks.
The diluted share count fell 31% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Domino's Pizza's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.5B | $2.8B | $3.4B | $3.6B | $4.1B | $4.4B | $4.5B | $4.5B | $4.7B | $4.9B |
| Cost of revenue | $1.7B | $1.9B | $2.1B | $2.2B | $2.5B | $2.7B | $2.9B | $2.8B | $2.9B | $3.0B |
| Gross profit | $768M | $866M | $1.3B | $1.4B | $1.6B | $1.7B | $1.6B | $1.7B | $1.8B | $2.0B |
| Selling, general and admin | $314M | $345M | $372M | $382M | $407M | $428M | $417M | $435M | $459M | $464M |
| Operating income | $454M | $521M | $572M | $629M | $726M | $780M | $768M | $820M | $879M | $954M |
| Interest expense | $110M | $123M | $146M | $151M | $172M | $192M | $198M | $196M | $196M | $196M |
| Pre-tax income | $345M | $400M | $429M | $483M | $555M | $626M | $573M | $652M | $722M | $770M |
| Income tax | $130M | $122M | $67M | $82M | $64M | $115M | $121M | $133M | $138M | $169M |
| Net income | $215M | $278M | $362M | $401M | $491M | $510M | $452M | $519M | $584M | $602M |
| EPS (diluted) | $4.30 | $5.83 | $8.35 | $9.56 | $12.39 | $13.54 | $12.53 | $14.66 | $16.69 | $17.57 |
| Diluted shares | 50M | 48M | 43M | 42M | 40M | 38M | 36M | 35M | 35M | 34M |
| Gross margin | 31.0% | 31.1% | 37.9% | 38.8% | 38.7% | 38.7% | 36.3% | 38.6% | 39.3% | 40.0% |
| Operating margin | 18.4% | 18.7% | 16.7% | 17.4% | 17.6% | 17.9% | 16.9% | 18.3% | 18.7% | 19.3% |
| Net margin | 8.7% | 10.0% | 10.5% | 11.1% | 11.9% | 11.7% | 10.0% | 11.6% | 12.4% | 12.2% |
Balance sheet
Fiscal years, from Domino's Pizza's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $43M | $36M | $25M | $191M | $169M | $148M | $60M | $114M | $186M | $126M |
| Receivables | $150M | $174M | $190M | $210M | $245M | $255M | $257M | $283M | $309M | $316M |
| Inventory | $40M | $40M | $46M | $53M | $67M | $68M | $82M | $83M | $71M | $79M |
| Total current assets | $496M | $580M | $567M | $788M | $869M | $861M | $791M | $817M | $905M | $894M |
| Property, plant and equipment | $139M | $170M | $235M | $243M | $297M | $324M | $302M | $304M | $301M | $324M |
| Goodwill | $16M | $15M | $15M | $15M | $15M | $15M | $12M | $12M | $12M | $11M |
| Total assets | $716M | $837M | $907M | $1.4B | $1.6B | $1.7B | $1.6B | $1.7B | $1.7B | $1.7B |
| Total current liabilities | $404M | $398M | $380M | $454M | $471M | $591M | $537M | $547M | $1.6B | $542M |
| Long-term debt | $2.1B | $3.1B | $3.5B | $4.1B | $4.1B | $5.0B | $5.0B | $4.9B | $3.8B | $4.8B |
| Total liabilities | $2.6B | $3.6B | $3.9B | $4.8B | $4.9B | $5.9B | $5.8B | $5.7B | $5.7B | $5.6B |
| Shareholders' equity | -$1.9B | -$2.7B | -$3.0B | -$3.4B | -$3.3B | -$4.2B | -$4.2B | -$4.1B | -$4.0B | -$3.9B |
| Net debt | $2.1B | $3.1B | $3.5B | $3.9B | $3.9B | $4.9B | $4.9B | $4.8B | $3.6B | $4.7B |
Cash flow
Fiscal years, from Domino's Pizza's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $292M | $341M | $394M | $497M | $593M | $654M | $475M | $591M | $625M | $792M |
| Capital spending | $59M | $90M | $120M | $86M | $89M | $94M | $87M | $105M | $113M | $121M |
| Free cash flow | $234M | $251M | $274M | $411M | $504M | $560M | $388M | $485M | $512M | $672M |
| Stock-based compensation | $19M | $21M | $23M | $20M | $24M | $29M | $29M | $38M | $43M | $45M |
| Dividends paid | $74M | $84M | $92M | $106M | $122M | $139M | $158M | $170M | $210M | $237M |
| Share buybacks (net) | -$300M | -$1.1B | -$591M | -$699M | -$305M | -$1.3B | -$294M | -$269M | -$330M | -$358M |
| Net borrowing | — | — | — | $675M | $158M | $1.9B | $120M | $15M | $0 | $1.0B |
| Free cash flow margin | 9.5% | 9.0% | 8.0% | 11.4% | 12.2% | 12.9% | 8.6% | 10.8% | 10.9% | 13.6% |
| Dividends per share | $1.48 | $1.77 | $2.13 | $2.52 | $3.08 | $3.70 | $4.36 | $4.80 | $6.00 | $6.92 |
Questions
What was Domino's Pizza's revenue in 2025?
$4.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does Domino's Pizza generate?
$672M in fiscal 2025 (operating cash flow minus capital spending).
From Domino's Pizza's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.