Arcos Dorados Holdings Inc. income statement

In fiscal 2025, Arcos Dorados Holdings Inc. reported revenue of $4.68bn, up 4.7% on the year before, operating income of $364m (a 7.8% margin) and net income of $212m, or $1.01 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Arcos Dorados Holdings Inc.: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	2,665	3,018	3,658	3,797	4,033	3,651	3,053	2,929	3,320	3,082	2,959	1,984	2,660	3,619	4,332	4,470	4,678
Cost of revenue	—	—	—	—	—	—	—	—	—	68	61	44	51	68	83	84	90
Gross profit	—	—	—	—	—	—	—	—	—	3,014	2,898	1,941	2,609	3,551	4,249	4,386	4,589
General and administrative	190	254	335	315	318	272	271	221	245	229	213	171	211	239	285	280	313
Operating income	207	205	251	237	229	71	93	179	273	123	160	−67	140	264	314	325	364
Interest expense	52	42	61	54	88	73	64	67	68	53	52	33	50	44	32	47	14
Income before tax	99	110	160	161	97	−77	−29	139	183	85	119	−132	78	226	278	259	341
Income tax	19	3	45	46	43	32	23	60	53	48	39	18	32	85	96	110	129
Net income	80	106	116	114	54	−109	−52	79	129	37	80	−149	45	140	181	149	212
Diluted EPS	$0.33	$0.44	$0.54	$0.55	$0.26	−$0.52	−$0.25	$0.37	$0.61	$0.18	$0.38	−$0.72	$0.22	$0.67	$0.86	$0.71	$1.01
Diluted shares (average)	—	242m	216m	210m	210m	210m	211m	211m	212m	210m	208m	209m	211m	211m	211m	211m	211m
EBITDA	261	265	320	329	343	188	204	272	372	229	283	60	260	384	463	502	562

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Arcos Dorados Holdings Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Arcos Dorados Holdings Inc.