Domino's Pizza (DPZ) Q4 FY2025 earnings: revenue $1.5 billion, up 6.4% on the year

Domino's Pizza, Inc. (DPZ) reported revenue of $1.5 billion for Q4 FY2025, the quarter ended 28 December 2025, up 6.4% on the same quarter a year earlier. Net income was $182 million, up 7.2% on the year, and diluted earnings per share $5.35. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2026.

Revenue

$1.5 billion

+6.4% on the year · +33.9% on the quarter

Q1 FY2024Q4 FY2025

Operating margin

19.3%

19.0% a year earlier

Q1 FY2024Q4 FY2025

Net income

$182 million

+7.2% on the year · +30.4% on the quarter

Q1 FY2024Q4 FY2025

Diluted EPS

$5.35

+9.4% on the year · +31.1% on the quarter

Q1 FY2024Q4 FY2025

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 raised.

Income from operations rose 8.0%: Income from operations was $295.7 million, up 8.0%, or 7.3% excluding a $1.9 million favorable currency effect on international royalties. Fiscal 2025 income from operations rose 8.5% to $954.0 million.
U.S. same store sales up 3.7%: U.S. same store sales grew 3.7% in the quarter, with company-owned stores up 2.7% and franchise stores up 3.7%. Fiscal 2025 U.S. same store sales grew 3.0%.
International same store sales up 0.7%: International same store sales grew 0.7% excluding currency in the quarter, after 2.7% a year earlier. Fiscal 2025 international growth was 1.9%.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Revenue	1,536	1,147	1,444	+33.9%	+6.4%
Cost of revenue	926	687	878	+34.8%	+5.5%
Gross profit	610	460	566	+32.5%	+7.7%
Gross margin	39.7%	40.1%	39.2%
Operating income	296	223	274	+32.5%	+8.0%
Operating margin	19.3%	19.5%	19.0%
Interest expense	60.7	45.0	60.6	+34.9%	+0.2%
Pre-tax income	230	179	221	+28.6%	+4.3%
Income tax	48.8	39.9	51.5	+22.3%	-5.4%
Effective tax rate	21.2%	22.3%	23.3%
Net income	182	139	169	+30.4%	+7.2%
Net margin	11.8%	12.1%	11.7%
Diluted EPS	$5.35	$4.08	$4.89	+31.1%	+9.4%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Operating cash flow	240	185	178	+29.3%	+34.7%
Capital expenditure	63.9	21.4	42.1	+198.1%	+51.8%
Free cash flow	176	164	136	+7.3%	+29.4%
Free cash flow margin	11.5%	14.3%	9.4%
Cash from investing	-64.1	-20.9	40.7
Cash from financing	-194	-297	-219
Depreciation and amortisation	27.7	20.4	26.8	+35.7%	+3.5%
Share-based compensation	13.0	10.3	11.7	+25.5%	+10.6%
Buybacks	80.0	74.7	115	+7.2%	-30.2%
Dividends paid	117	59.2	104	+98.1%	+12.9%
Dividend per share	n/a	$1.74	n/a
Diluted shares, weighted	34m	34m	35m	-0.6%	-2.0%
Shares outstanding at period end	34m	34m	34m	-0.5%	-1.9%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Shareholders' equity	-3,901	-3,962	-3,962
Debt	4,817	4,810	4,975	+0.1%	-3.2%
Operating lease liabilities	184	191	182	-3.6%	+1.1%
Finance lease liabilities	56.0	n/a	61.2		-8.5%
Other liabilities	561	621	481	-9.7%	+16.7%
Total liabilities and equity	1,716	1,660	1,737	+3.4%	-1.2%
Fixed assets	324	291	301	+11.5%	+7.6%
Goodwill	10.7	10.8	11.6	-0.4%	-7.4%
Investments	25.0	23.7	20.6	+5.5%	+21.0%
Cash and equivalents	126	140	186	-10.1%	-32.5%
Receivables	316	277	309	+14.0%	+2.2%
Inventory	79.2	71.2	70.9	+11.3%	+11.7%
Other assets	836	847	837	-1.3%	-0.2%
Total assets	1,716	1,660	1,737	+3.4%	-1.2%

Questions

What was Domino's Pizza's revenue in Q4 FY2025?

Domino's Pizza (DPZ) reported revenue of $1.5 billion for Q4 FY2025, the quarter ended 28 December 2025, up 6.4% on the same quarter a year earlier.

How much did Domino's Pizza earn in Q4 FY2025?

Net income for Q4 FY2025 was $182 million, up 7.2% on the year, and diluted earnings per share $5.35.

When did Domino's Pizza report Q4 FY2025 results?

Domino's Pizza filed its 10-K for the year that ended with the quarter on 23 February 2026; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	1,343	1,011	1,065	1,069	1,392	1,024	1,025	1,027	1,403	1,085	1,098	1,080	1,444	1,112	1,145	1,147	1,536	1,151	1,194	1,186
Cost of revenue	837	643	679	687	880	639	620	629	864	663	661	656	878	669	684	687	926	686	716	709
Gross profit	506	369	386	382	512	386	405	398	539	422	437	424	566	443	461	460	610	465	478	476
Gross margin	38%	36%	36%	36%	37%	38%	39%	39%	38%	39%	40%	39%	39%	40%	40%	40%	40%	40%	40%	40%
Operating income	223	165	178	176	249	177	195	189	257	210	196	199	274	210	225	223	296	230	232	242
Operating margin	17%	16%	17%	17%	18%	17%	19%	18%	18%	19%	18%	18%	19%	19%	20%	19%	19%	20%	19%	20%
Interest expense	61.0	46.9	44.9	45.4	61.1	46.5	44.9	44.8	60.2	45.8	44.7	44.7	60.6	45.6	44.6	45.0	60.7	46.2	46.1	46.2
Pre-tax income	196	118	133	132	190	133	138	176	205	150	167	185	221	192	168	179	230	181	175	195
Tax rate	21%	23%	23%	24%	17%	21%	21%	16%	23%	16%	15%	20%	23%	22%	22%	22%	21%	23%	23%	22%
Net income	156	91.0	102	101	158	105	109	148	157	126	142	147	169	150	131	139	182	140	136	152
Net margin	12%	9%	10%	9%	11%	10%	11%	14%	11%	12%	13%	14%	12%	13%	11%	12%	12%	12%	11%	13%
Diluted EPS	$4.24	$2.50	$2.82	$2.79	$4.43	$2.93	$3.08	$4.18	$4.48	$3.58	$4.03	$4.19	$4.89	$4.33	$3.81	$4.08	$5.35	$4.13	$4.07	$4.60
Operating cash flow	170	78.8	74.6	177	145	115	128	180	169	123	151	173	178	179	188	185	240	162	191	168
Capital expenditure	43.5	12.5	20.2	17.8	36.7	19.0	18.9	21.3	46.1	20.2	23.5	27.1	42.1	14.7	20.5	21.4	63.9	15.0	24.0	21.8
Free cash flow	126	66.3	54.4	159	108	95.7	109	159	123	103	127	146	136	164	167	164	176	147	167	146
Buybacks	216	47.7	50.0	196	0.0	30.1	90.8	90.0	58.2	25.0	0.0	190	115	50.0	153	74.7	80.0	75.1	160	73.6
Dividends paid	68.2	0.1	39.6	40.0	77.8	0.1	42.8	42.6	84.2	0.3	52.8	52.9	104	0.6	59.6	59.2	117	1.5	66.8	66.1
Shares outstanding	36m	36m	36m	35m	35m	35m	35m	35m	35m	35m	35m	35m	34m	34m	34m	34m	34m	33m	33m	33m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 28 December 2025, filed 23 February 2026: the filing.