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Domino's (DPZ) stock

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NASDAQ: DPZ Nasdaq Restaurants Next results ~January 5, 2027

C+ Fundamentals grade

Domino's is a pizza company operating more than 22,100 stores across over 90 markets worldwide. It sells pizza alongside sides such as bread products, wings, pasta, sandwiches, soft drinks and desserts, with some menu items varying by country. Around 99% of its stores are run by independent franchisees rather than the company itself.

The group earns money mainly through royalties charged to franchisees as a percentage of their sales, plus technology fees. It also supplies food, dough and other products to franchised and company-owned stores in the US and Canada through its own distribution centres, and operates a small number of company-owned stores directly in the US. Internationally, it typically grants rights to master franchisees, who develop a territory and may sub-franchise to local operators.

The business is reported in three segments: US stores, international franchise, and supply chain, with supply chain the largest contributor to consolidated revenue in 2025. Its biggest international markets by store count include India, the UK, China, Mexico and Japan. The company traces its history to 1960, adopted the Domino's name in 1965, and employed around 10,200 people as of December 2025.

Based on Domino's's 10-K filed February 23, 2026.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$270

Cash-flow model

Base case. Range ~$170–$400 across our lower- and higher-growth cases (-0.6%–9.4% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 19% above our base value.

Price used: $320.32, November 2, 2026

Domino's valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Domino's files

Where Domino's stands after its latest 10-Q

Revenue for the twelve months to September 2026 was $5.07bn, up 4.5% on a year earlier, slower than 5.2% a quarter earlier. Free-cash-flow margin held at 12.5%. The diluted share count is down 2.6% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 1 of our 2 financial-health checks. Our cash-flow model value is $333 a share, against a share price of $315. At that price, our model says the market is pricing in about 3.5% a year of cash-flow growth for five years, close to the 3.1% a year revenue growth it has delivered.

Source: 10-Q filed October 13, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 5, 2027 (estimated)

Domino's's trailing-twelve-month revenue grew 4.5% year on year, with a free-cash-flow margin of 12.5%. Where it stands out: net margin of 12.0% ranks 6 of 44 restaurants companies we cover. Where it lags: long-term debt as % of assets of 201.5% ranks 36 of 36 restaurants companies we cover.

Our discounted-cash-flow model values the business at ~$270 per share in the base case (~$170–$400 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Share count shrinking (buybacks): Diluted shares outstanding fell 2.6% year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 2.6% in a year, so each share owns more of the business.

Things to watch

  • Insiders selling. 6 insiders sold $15M of stock over the past 365 days and none bought (58% under pre-set trading plans).
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 201.5% ranks 36 of 36 restaurants companies we cover (median 29.0%).
  • Below peers: days sales outstanding. Days sales outstanding of 21 days ranks 21 of 25 restaurants companies we cover (median 6 days).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 3 of the last four quarters.

Latest results: FY2026 Q3

Filed October 13, 2026
Earnings per share
$4.60 against an average estimate of $4.39: beat by 4.8%
Revenue
$1.19bn, up 3.4% on a year earlier
Share reaction
-4.8% in the first session after the results on October 13, 2026, against -1.1% for the S&P 500
Next report
October 13, 2026; average EPS estimate $6.37

Domino's' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.1%
  • 1 week+1.3%
  • 1 month+6.6%
  • This year-22.6%
  • 1 year-18.7%
  • 5 years-29.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$5.1B
Operating margin
19.7%
Net margin
12.0%
EPS (TTM, diluted)
$18.18

Growth

Revenue growth
+4.5%
Change in growth rate
−0.7 pts
Share count change
−2.6%

Cash

Free cash flow (TTM)
$636M
FCF margin
12.5%
Stock pay % of revenue
0.9%

Earnings

Last results
October 13, 2026
Next results (est.)
January 5, 2027

News & updates

Updated November 1, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Leadership
  3. Insider trade
  4. Results
  5. Insider trade
  6. Insider trade
  7. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Domino's valuation models and calculator

What the price is pricing in

The share price implies about 6.0% a year of cash-flow growth for five years.That is close to the 3.1% a year revenue growth Domino's has delivered.

  • Priced in6.0%
  • Last 12 months4.5%
  • 3 years a year4.3%
  • 5 years a year3.1%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($319.00, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$270
Price used
$319.00close November 3, 2026
Implied change
▼ 15%
Uncertainty
High

How we got here: a discounted-cash-flow model of Domino's's free cash flow after stock-based pay with after-tax interest added back ($731M, FY2026 Q3 TTM), growing 3.8% and 3.4% in the next two years (forecasts, guidance and its record), then back to 4.4% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$170–~$400 ; that spread sets a 35% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Domino's's free cash flow after stock-based pay ( $731M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Domino's as an operating company, with every model that fits that kind of business. Cost of equity 8.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.77 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$270 ~$170–$400 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$350 ~$300–$650 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: book value or earnings not available
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$300 ~$270–$350 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Domino's with Restaurants in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −36%
  • Revenue growth 5 points higher ▲ +47%
  • Free-cash-flow margin 1 point lower ▼ −9%
  • Last year's free-cash-flow margin change, if it persists ▼ −4%
  • Discount rate 1 point higher ▼ −21%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $178$292$443$641$901$1236
8.5% $103$186$294$437$621$859
10% $58$122$206$314$455$636

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$97.89$141.63$169.71$226.42$267.39$353.73$524.92$326.08$393.55$415.59$418.23$317.26
Market value$5.4bn$7.1bn$8.1bn$9.8bn$11.2bn$14.0bn$19.8bn$11.8bn$13.9bn$14.5bn$14.3bn$10.6bn
+ Net debt (− = net cash)$2.1bn$2.1bn$3.1bn$3.5bn$3.9bn−$169m−$148m$5.0bn$4.9bn$4.8bn$4.7bn$4.7bn
Enterprise value$7.5bn$9.2bn$11.2bn$13.3bn$15.1bn$13.9bn$19.6bn$16.7bn$18.8bn$19.3bn$19.0bn$15.3bn
Multiples
Price / sales 2.5x2.9x2.9x2.9x3.1x3.4x4.5x2.6x3.1x3.1x2.9x2.1x
Price / earnings 28.2x32.9x29.1x27.1x28.0x28.5x38.8x26.0x26.8x24.9x23.8x17.5x
Price / free cash flow 23.8x30.2x32.2x35.8x27.2x27.8x35.3x30.3x28.7x28.4x21.3x16.7x
EV / EBITDA 17.2x18.7x19.8x21.3x22.0x17.5x23.0x19.7x20.9x20.0x18.2x14.0x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

84 /100

Strong moat

How hard Domino's's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Net income has been a median 32.2% of total assets over 10 years.

  • Pricing power 13 / 20

    Gross margin has been a median 38.5%, moving by 2.6 percentage points (standard deviation) across 10 years.

  • Durability 15 / 20

    Operating margin has been a median 18.2%; its worst year was 16.5%.

  • Cash conversion 15 / 20

    Free cash flow was positive in 10 of 10 years, at a median 10.8% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 12.8% over five years; stock-based pay has been a median 0.7% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $19.11 +9% $5.2bn +5%
Next $20.69 +8% $5.3bn +2%

Next year's EPS estimate has moved −1.1% in 90 days, across 25 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +0.4% on 90 days ago. In the last 30 days, 4 analysts raised Domino's's forecast and 3 cut it.

Consensus EPS forecast Domino's, last 90 days
$19.00 $19.50 $20.00 $20.50 $21.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $19.04 Current fiscal year, 60 days ago: $19.02 Current fiscal year, 30 days ago: $19.05 Current fiscal year, 7 days ago: $19.12 Current fiscal year, Now: $19.11 $19.11 Next fiscal year, 90 days ago: $20.91 Next fiscal year, 60 days ago: $20.92 Next fiscal year, 30 days ago: $20.91 Next fiscal year, 7 days ago: $20.71 Next fiscal year, Now: $20.69 $20.69

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $19.04$20.91
60 days ago $19.02$20.92
30 days ago $19.05$20.91
7 days ago $19.12$20.71
Now $19.11$20.69

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $4.39 $4.60 +4.8%
Jun 2026 $4.17 $4.07 −2.4%
Mar 2026 $4.27 $4.13 −3.3%
Dec 2025 $5.39 $5.35 −0.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 13, 2026

No numeric guidance in Domino's's latest earnings release (filed October 13, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows Domino's's revenue by +3.8% next year and +3.4% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+3.5%, weight 70%) and the company's own record (+4.4%, weight 30%) . How the weights are set.

Analyst recommendations

30 analysts, Oct 2026
Buy1447%
Hold1550%
Sell13%

Monthly trend

  1. Oct 2026121530
  2. Sep 2026131430
  3. Aug 2026131530
  4. Jul 2026151330

Counts of recommendations published by analysts covering Domino's, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
8.2%
of tradable shares
Days to cover
2.62
at average volume
Short interest, 1 month
−27%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.5%
of shares
Employees
6,200
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −18.7%

$390.02 on October 31, 2025 to $317.26

ThenNowEffect
Revenue (last 12 months) $4.8bn $5.1bn +4.5%
Net margin 12.2% 12.0% −1.1%
P/E multiple 22.8x 17.5x −23.3%
Share count 34m 34m +2.6%

Biggest factor: p/e multiple.

Last 3 years −7.9%

$344.50 on November 3, 2023 to $317.26

ThenNowEffect
Revenue (last 12 months) $4.5bn $5.1bn +13.4%
Net margin 11.6% 12.0% +3.3%
P/E multiple 23.5x 17.5x −25.8%
Share count 36m 34m +6.0%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
DPZ+48%−38%+21%+3%+1%−23%
Industry peers (median)+15%−15%+15%−1%−10%+6%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
DPZ67%42%50%58%42%27%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
DPZ−16%−46%−19%−24%−20%−33%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 48% from December 31, 2021 to May 31, 2023. Getting back needed a 92% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$281.29 – $430.87
From 52-week high
−26.4%
vs 50-day average
+1.3%
vs 200-day average
−6.4%
Volatility (1 year)
31%
Beta vs S&P 500
0.07

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
9 up, 3 down
typical move ±4.8%
After a week
9 up, 3 down
typical move ±4.7%
After a month
4 up, 7 down
typical move ±5.7%
Results releasedNext dayS&P 500 next day5 days21 days
October 13, 2026 −4.8% −1.1% +1.7% —
July 20, 2026 +1.3% +0.7% +6.6% +4.4%
April 27, 2026 −7.4% −0.3% −10.2% −15.3%
February 23, 2026 +7.7% −0.3% +4.4% −5.9%
October 14, 2025 +2.3% +0.3% +2.8% −1.1%
July 21, 2025 +3.2% +0.2% +1.8% −3.3%
April 28, 2025 +1.2% +0.7% −2.0% −0.9%
February 24, 2025 +1.7% −1.0% +4.6% 0.0%
October 10, 2024 +4.0% +0.4% +3.9% +11.3%
July 18, 2024 −14.6% −1.4% −10.2% −6.4%
April 29, 2024 +6.1% −1.2% +4.7% +2.2%
February 26, 2024 +2.9% −0.2% +3.8% +11.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Domino's’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Options look fairly priced

Implied volatility is within its normal range against realised. Selling options earns the usual premium, nothing extra.

  • Implied is 1.15× the last 60 days’ realised volatility , richer than 42% of the 229 stocks we screen today.
  • Puts and calls are priced at about the same implied volatility.
  • Why: implied is not far enough above realised, or not unusual against our coverage.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

DPZ Domino's Grade C+ $320.32

Own 100 shares, sell the $330 call expiring December 18, 2026 (46 days) for $10.20 a share — $1,020 per contract.

Previous session · Bid $10.20, ask $13.30, quoted Mon 2 Nov, 17:21 New York time with DPZ at $320.32. Option prices move with the shares: check the live chain at your broker before trading.

  • If DPZ ends below $330: you keep your shares and the $1,020 — 3.2% extra on the position, 25.3% a year at that pace.
  • If it ends above $330: your shares are sold at $330, a total return of 6.2% including the premium — at or above our value of ~$270.
$2.0k $0 −$6.2k Our value $270 Break-even $310.12 Price $320.32
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$1,020
Annualised
25.3%
Break-even
$310.12
Max gain
$1,988
Chance of selling
~45%

Collar

Own the shares, buy the $320 put and sell the $330 call, both expiring December 18, 2026 (46 days).

  • Net cost of $5.00 a share ($500 per contract of 100 shares).
  • Worst case at expiry: -1.7%, if the shares fall below $320 (-0.1% from today).
  • Best case at expiry: +1.5%, if the shares rise above $330 (+3.0%); gains beyond that go to the call buyer.

Offered because the shares trade at or above our fair value of $270: a way to hold on with a floor under the price, paid for by giving up upside the model does not expect. Strikes near 25-delta; the put at its ask and the call at its bid. Protection has a cost over time: research on protective puts finds they have usually lowered returns.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Domino's in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Domino's
$4.4B $4.6B $4.8B $5B $5.2B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $4.5B Revenue (TTM), FY24 Q1: $4.5B Revenue (TTM), FY24 Q2: $4.6B Revenue (TTM), FY24 Q3: $4.7B Revenue (TTM), FY24 Q4: $4.7B Revenue (TTM), FY25 Q1: $4.7B Revenue (TTM), FY25 Q2: $4.8B Revenue (TTM), FY25 Q3: $4.8B Revenue (TTM), FY25 Q4: $4.9B Revenue (TTM), FY26 Q1: $5B Revenue (TTM), FY26 Q2: $5B Revenue (TTM), FY26 Q3: $5.1B $5.1B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $4.5B
FY24 Q1 $4.5B
FY24 Q2 $4.6B
FY24 Q3 $4.7B
FY24 Q4 $4.7B
FY25 Q1 $4.7B
FY25 Q2 $4.8B
FY25 Q3 $4.8B
FY25 Q4 $4.9B
FY26 Q1 $5B
FY26 Q2 $5B
FY26 Q3 $5.1B
Revenue growth, TTM YoY Domino's
-2% 0% 2% 4% 6% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -1.3% Revenue growth, TTM YoY, FY24 Q1: -0.2% Revenue growth, TTM YoY, FY24 Q2: 2.3% Revenue growth, TTM YoY, FY24 Q3: 4.4% Revenue growth, TTM YoY, FY24 Q4: 5.1% Revenue growth, TTM YoY, FY25 Q1: 4.3% Revenue growth, TTM YoY, FY25 Q2: 3.7% Revenue growth, TTM YoY, FY25 Q3: 3.9% Revenue growth, TTM YoY, FY25 Q4: 5.0% Revenue growth, TTM YoY, FY26 Q1: 5.2% Revenue growth, TTM YoY, FY26 Q2: 5.2% Revenue growth, TTM YoY, FY26 Q3: 4.5% 4.5%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -1.3%
FY24 Q1 -0.2%
FY24 Q2 2.3%
FY24 Q3 4.4%
FY24 Q4 5.1%
FY25 Q1 4.3%
FY25 Q2 3.7%
FY25 Q3 3.9%
FY25 Q4 5.0%
FY26 Q1 5.2%
FY26 Q2 5.2%
FY26 Q3 4.5%
Operating margin (TTM) Domino's
18% 18.5% 19% 19.5% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 18.3% Operating margin (TTM), FY24 Q1: 18.8% Operating margin (TTM), FY24 Q2: 18.5% Operating margin (TTM), FY24 Q3: 18.5% Operating margin (TTM), FY24 Q4: 18.7% Operating margin (TTM), FY25 Q1: 18.6% Operating margin (TTM), FY25 Q2: 19.0% Operating margin (TTM), FY25 Q3: 19.2% Operating margin (TTM), FY25 Q4: 19.3% Operating margin (TTM), FY26 Q1: 19.6% Operating margin (TTM), FY26 Q2: 19.5% Operating margin (TTM), FY26 Q3: 19.7% 19.7%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 18.3%
FY24 Q1 18.8%
FY24 Q2 18.5%
FY24 Q3 18.5%
FY24 Q4 18.7%
FY25 Q1 18.6%
FY25 Q2 19.0%
FY25 Q3 19.2%
FY25 Q4 19.3%
FY26 Q1 19.6%
FY26 Q2 19.5%
FY26 Q3 19.7%
FCF margin (TTM) Domino's
10% 11% 12% 13% 14% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 10.8% FCF margin (TTM), FY24 Q1: 10.9% FCF margin (TTM), FY24 Q2: 11.1% FCF margin (TTM), FY24 Q3: 10.7% FCF margin (TTM), FY24 Q4: 10.9% FCF margin (TTM), FY25 Q1: 12.1% FCF margin (TTM), FY25 Q2: 12.8% FCF margin (TTM), FY25 Q3: 13.0% FCF margin (TTM), FY25 Q4: 13.6% FCF margin (TTM), FY26 Q1: 13.1% FCF margin (TTM), FY26 Q2: 13.0% FCF margin (TTM), FY26 Q3: 12.5% 12.5%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 10.8%
FY24 Q1 10.9%
FY24 Q2 11.1%
FY24 Q3 10.7%
FY24 Q4 10.9%
FY25 Q1 12.1%
FY25 Q2 12.8%
FY25 Q3 13.0%
FY25 Q4 13.6%
FY26 Q1 13.1%
FY26 Q2 13.0%
FY26 Q3 12.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Domino's took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $4.9B
  2. Cost of revenue $3B · 60.0%
  3. Gross profit $2B · 40.0%
  4. Selling, general and admin $464M · 9.4%
  5. Other operating costs $555M · 11.2%
  6. Operating income $954M · 19.3%
  7. Income tax $169M · 3.4%
  8. Interest and other $184M · 3.7%
  9. Net income $602M · 12.2%

Shares of revenue. Source: Domino's's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

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

Fiscal year 2009 Jan 2010 2010 Jan 2011 2011 Jan 2012 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Jan 2016 2016 Jan 2017 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Jan 2021 2021 Jan 2022 2022 Jan 2023 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 1,404 1,571 1,652 1,678 1,802 1,994 2,217 2,473 2,788 3,433 3,619 4,117 4,357 4,537 4,479 4,706 4,940 5,066
Gross profit 387 439 471 501 549 595 683 768 866 1,303 1,402 1,594 1,688 1,649 1,727 1,849 1,974 2,029
EBITDA 214 252 283 306 340 381 438 492 566 625 689 791 853 848 900 967 1,043 1,089
Operating income 190 228 259 282 314 345 405 454 521 572 629 726 780 768 820 879 954 1,000
Net income 80 88 105 112 143 163 193 215 278 362 401 491 510 452 519 584 602 609
Diluted EPS $1.38 $1.45 $1.71 $1.91 $2.48 $2.86 $3.47 $4.30 $5.83 $8.35 $9.56 $12.39 $13.54 $12.53 $14.66 $16.69 $17.57 $18.18
Growth (year on year)
Revenue — +11.9% +5.2% +1.6% +7.4% +10.6% +11.2% +11.6% +12.8% +23.1% +5.4% +13.8% +5.8% +4.1% −1.3% +5.1% +5.0% +4.5%
EBITDA — +17.9% +12.5% +7.9% +11.2% +12.2% +14.9% +12.4% +14.9% +10.6% +10.2% +14.7% +7.9% −0.6% +6.1% +7.4% +7.9% +6.8%
Operating income — +20.2% +13.8% +8.9% +11.2% +10.1% +17.4% +12.0% +14.8% +9.7% +10.1% +15.3% +7.5% −1.6% +6.7% +7.3% +8.5% +7.3%
Net income — +10.2% +19.8% +6.7% +27.2% +13.7% +18.6% +11.4% +29.5% +30.3% +10.7% +22.6% +3.9% −11.4% +14.8% +12.5% +3.0% +3.4%
Diluted EPS — +5.1% +17.9% +11.7% +29.8% +15.3% +21.3% +23.9% +35.6% +43.2% +14.5% +29.6% +9.3% −7.5% +17.0% +13.8% +5.3% +6.1%
Margins
Gross margin 27.6% 27.9% 28.5% 29.9% 30.5% 29.8% 30.8% 31.0% 31.1% 37.9% 38.8% 38.7% 38.7% 36.3% 38.6% 39.3% 40.0% 40.0%
EBITDA margin 15.2% 16.0% 17.1% 18.2% 18.8% 19.1% 19.8% 19.9% 20.3% 18.2% 19.0% 19.2% 19.6% 18.7% 20.1% 20.5% 21.1% 21.5%
Operating margin 13.5% 14.5% 15.7% 16.8% 17.4% 17.3% 18.3% 18.4% 18.7% 16.7% 17.4% 17.6% 17.9% 16.9% 18.3% 18.7% 19.3% 19.7%
Net margin 5.7% 5.6% 6.4% 6.7% 7.9% 8.2% 8.7% 8.7% 10.0% 10.5% 11.1% 11.9% 11.7% 10.0% 11.6% 12.4% 12.2% 12.0%
Free-cash-flow margin 5.6% 6.6% 7.8% 8.8% 8.5% 6.1% 10.3% 9.5% 9.0% 8.0% 11.4% 12.2% 12.9% 8.6% 10.8% 10.9% 13.6% 12.5%
Cash flow
Cash from operations 101 128 153 176 194 192 292 292 341 394 497 593 654 475 591 625 792 760
Capital spending 23 25 24 29 40 70 63 59 90 120 86 89 94 87 105 113 121 125
Free cash flow 78 103 129 147 154 122 229 234 251 274 411 504 560 388 485 512 672 636
Stock-based pay 17 13 14 18 22 18 18 19 21 23 20 24 29 29 38 43 45 44
Free cash flow after stock pay 61 90 115 129 132 105 211 215 231 251 391 480 531 359 448 469 627 592
Balance sheet
Cash 42 48 50 55 14 31 133 43 36 25 191 169 148 60 114 186 126 229
Total debt 0 1,452 1,451 1,561 1,536 1,501 2,241 2,188 3,154 3,532 4,114 — — 5,022 4,990 4,975 4,817 4,886
Net debt (negative = net cash) −42 1,404 1,401 1,506 1,522 1,470 2,107 2,145 3,118 3,506 3,924 −169 −148 4,962 4,876 4,789 4,691 4,657
Diluted shares 58m 61m 62m 59m 58m 57m 56m 50m 48m 43m 42m 40m 38m 36m 35m 35m 34m 34m
Returned to shareholders
Dividends — — — — 34 53 80 74 84 92 106 122 139 158 170 210 237 252
Buybacks — 5 165 88 97 82 739 300 1,064 591 699 305 1,321 294 269 330 358 388
Total returned — 5 165 88 131 135 819 374 1,149 683 805 427 1,460 451 439 540 595 640

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 4 checks passed · September 6, 2026
What it owns · $1.8bn
Short-term assets $917mLonger-term assets $850m
What it owes, and who funded it · $1.9bn
Short-term liabilities $1.9bnShareholders' equity $-4.0bn
  • Short-term assets cover short-term liabilities $917m of assets due within a year against $1.9bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $229m of cash against $3.6bn of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $760m of operating cash flow against $3.6bn of debt.
  • Operating profit covers interest at least five times over Operating income of $1,000m against $199m of interest.

From Domino's's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$388M
Dividends (TTM)
$252M
Returned to shareholders
101%
of free cash flow
Buybacks, last 3 fiscal years
$956M
Diluted share count
−2.6%
year over year
Total shareholder yield
6.0%
dividends 2.4% + buybacks 3.7% of market value
Dividend payout ratio
41%
of net income paid out
Days sales outstanding
21 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in restaurants
Last 12 months unless stated DPZ ARCO EAT TXRH CAKE BLMN Median
Revenue, last 12 months $5.1bn $4.7bn $5.9bn $6.2bn $4.0bn $4.0bn $1.4bn
Revenue growth, last 12 months 4.5% 4.7% 6.1% 9.9% 7.9% 1.2% 4.6%
Revenue growth, 3-year average 4.3% 5.1% 12.3% 12.7% 5.0% 0.7% 5.1%
Revenue growth, latest quarter 3.4% — 9.4% 11.1% 13.9% 1.3% 4.5%
Gross margin 40.0% 98.1% 73.1% — 75.9% 70.1% 68.6%
Operating margin 19.7% 7.8% 11.0% 7.7% 6.0% 1.2% 4.9%
Operating margin, 3-year average 19.1% 7.1% 9.0% 8.6% 5.1% 3.1% 6.9%
Net margin 12.0% 4.5% 8.4% 6.6% 5.2% 0.7% 2.5%
Cash from operations / revenue 15.0% 6.3% 14.1% 12.9% 9.7% 8.0% 11.9%
Free-cash-flow margin 12.5% 0.3% 10.1% 6.5% 5.5% 3.9% 3.4%
Free-cash-flow margin, 3-year average 12.1% 2.7% 7.8% 6.4% 3.9% 2.5% 2.8%
Stock pay / revenue 0.9% 0.0% 0.5% 0.8% 0.7% 0.3% 0.8%
Change in share count −2.6% 0.0% −4.3% −0.9% 0.6% 1.4% 0.2%

Median of all 44 companies we cover in restaurants. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

44 restaurants companies
Measure Company Peer median Rank
Revenue growth Growth 4.5% 4.7% 23 of 44
Change in growth rate Growth -0.7pp +0.3pp 32 of 44
Gross margin Profitability 40.0% 63.0% 11 of 15
Operating margin Profitability 19.7% 5.2% 6 of 42
Net margin Profitability 12.0% 2.6% 6 of 44
Free-cash-flow margin Cash generation 12.5% 3.6% 6 of 44
Stock pay as % of revenue Cash generation 0.9% 0.8% 23 of 40
Long-term debt as % of assets Balance sheet 201.5% 29.0% 36 of 36
Change in share count Balance sheet -2.6% 0.3% 10 of 42
Days sales outstanding Balance sheet 21 days 6 days 21 of 25

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 28, 2025
Segments
Line of business Revenue Share YoY
Supply Chain $3B 60.5% ▲ 5.1%
US Stores $1.6B 32.6% ▲ 4.5%
International Franchise $339M 6.9% ▲ 6.3%

From Domino's's 10-K filed February 23, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$10.9B
Institutions reporting
727
Shares held vs prior quarter
▲ 2.4%
Positions opened / closed
93 / 152

Top buyers and sellers, Q2 2026: 366 institutions bought and 441 sold ; the biggest buyer was FMR LLC (+1.6M shares) and the biggest seller T. Rowe Price Investment Management, Inc (−581K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
FMR LLC $1.2B 4.1M 11.3% ▲ 61.1%
Soroban Capital Partners LP $787M 2.7M 7.2% ▲ 6.5%
Blackrock, Inc. $716M 2.4M 6.6% ▲ 2.1%
Vanguard Capital Management LLC $617M 2.1M 5.7% ▲ 4.6%
Vanguard Portfolio Management LLC $596M 2.0M 5.5% ▲ 11.7%
Invesco Ltd. $452M 1.5M 4.2% ▲ 22.1%
T. Rowe Price Investment Management, Inc. $387M 1.3M 3.6% ▼ 30.7%
State Street Corp $387M 1.3M 3.6% ▼ 4.5%
Geode Capital Management, LLC $373M 1.2M 3.4% ▲ 18.8%
AQR Capital Management LLC $341M 1.2M 3.1% ▲ 37.3%
Morgan Stanley $284M 960K 2.6% ▲ 24.5%
Norges Bank $246M 832K 2.3% —

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Domino's's complete shareholder register. Values are as reported by the filers ; 6 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $14.7M 25 trades by 6 insiders · 58% under pre-set plans
Net ▼ $14.7M net selling
Insider Date Trade Shares Price Value
Garcia Kelly E EVP, Chief Tech & Data Ofcr July 22, 2026 Sell 290 $323.18 $93,722
Garcia Kelly E EVP, Chief Tech & Data Ofcr July 22, 2026 Sell 1,010 $322.92 $326,148
Garcia Kelly E EVP, Chief Tech & Data Ofcr July 22, 2026 Sell 1,370 $322.87 $442,332
Garcia Kelly E EVP, Chief Tech & Data Ofcr July 22, 2026 Sell 1,540 $322.88 $497,236
Garcia Kelly E EVP, Chief Tech & Data Ofcr July 22, 2026 Sell 1,161 $322.84 $374,814
Garcia Kelly E EVP, Chief Tech & Data Ofcr July 22, 2026 Sell 3,453 $322.01 $1.1M
Garcia Kelly E EVP, Chief Tech & Data Ofcr July 22, 2026 Sell 3,606 $320.80 $1.2M
Weiner Russell J Chief Executive Officer July 17, 2026 Sell pre-set plan 10,850 $330.83 $3.6M
Jordan Joseph Hugh COO and President-Domino's US July 16, 2026 Sell pre-set plan 3,100 $311.29 $964,999
Jordan Joseph Hugh COO and President-Domino's US July 16, 2026 Sell pre-set plan 2,350 $311.29 $731,532
Garcia Kelly E EVP, Chief Tech & Data Ofcr July 9, 2026 Sell pre-set plan 487 $297.01 $144,644
Garcia Kelly E EVP, Chief Tech & Data Ofcr June 11, 2026 Sell pre-set plan 487 $311.74 $151,817

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 28 trades and filings

In the last 12 months, 1 member of Congress disclosed 2 purchases and 2 sales of Domino's shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (full), $1,001 - $15,000, traded September 18, 2026, filed October 12, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded May 15, 2026, filed June 8, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (full), $1,001 - $15,000, traded April 14, 2026, filed May 8, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 5, 2027 estimated from the company's past filing pattern, not announced

  • October 13, 2026
  • July 20, 2026
  • April 27, 2026
  • February 23, 2026
  • October 14, 2025
  • July 21, 2025

Recent SEC filings

Data status

When each part of this page on Domino's was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Domino's in brief

What does Domino's do?
Domino's is a US-listed company in the restaurants industry. Its financial year ends in December.
What is Domino's's stock ticker?
Domino's trades under the ticker DPZ on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Domino's's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Domino's reported revenue of $5.1B, 4.5% higher than a year earlier, according to its SEC filings.
What is Domino's's free cash flow?
Domino's's free-cash-flow margin is 12.5% of revenue over the trailing twelve months, ranking 6 of the 44 restaurants companies we cover.
What is Domino's's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Domino's's free cash flow after stock-based pay gives ~$270 per share in the base case, and ~$170–$400 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Domino's's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are FMR LLC, Soroban Capital Partners LP and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Domino's buying back stock, and does it pay a dividend?
Domino's spent $388M on share repurchases over the trailing twelve months, and its diluted share count fell 2.6% over the year.
What is Domino's's market cap?
On November 2, 2026, Domino's's market capitalisation was about $10.6B, with a price-to-earnings ratio of 17.5 and net debt of $4.7B. Market figures come from third-party market data and may be delayed.
Does Domino's pay a dividend?
Yes: Domino's paid $252M in dividends over the trailing twelve months, a dividend yield of 2.37% and a payout ratio of 41.3%.
Who are Domino's's competitors?
In our Restaurants peer group, the companies closest to Domino's are Arcos Dorados Holdings Inc., Brinker International, Inc, Texas Roadhouse, Inc., Cheesecake Factory Inc and Bloomin' Brands, Inc. The side-by-side comparison below sets their revenue, margins and growth against Domino's's.
Are insiders buying or selling Domino's stock?
Over the last 12 months, Domino's's directors and officers reported 0 open-market purchases and 25 sales on Form 4. The insider trading page charts every trade.
When is Domino's's next earnings date?
Around January 5, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Domino's announces its own schedule.