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Consumer Discretionary · NASDAQ: DPZ

Domino's: how the business works

Domino's collects royalties from the franchise owners who run 99% of its pizza stores and sells dough and food to those in the U.S. and Canada, with revenue of $4.94 billion in FY2025.

By · Checked against filings: . Editorial policy. Corrections

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Domino's Pizza, Inc. · Ann Arbor, Michigan

Updated for Q3 FY2026 · checked

Revenue, FY2025
$4.94B
Net income, FY2025
$602M
Stores worldwide, Sep 6, 2026
22,706
Stores run by franchisees
99%
Employees, Dec 28, 2025
About 10,200

For learning only. Cityfort is not a registered investment adviser or broker-dealer and does not recommend buying or selling any security. Prices shown are dated and may be out of date.

The short version

Domino's in 5 points

  1. 1 · What it sells

    Domino's franchises Domino's pizza stores, 22,706 at Sep 6, 2026 with 99% run by franchise owners, and sells dough and food to those in the U.S. and Canada, for revenue of $4.94 billion in FY2025.

    More: what it sells

  2. 2 · Who pays it

    In FY2025, franchise owners paid 60.5% of revenue for dough and food, 20.6% as royalties and fees and 11.3% for national advertising, and diners at company-owned stores paid 7.6%.

    More: who pays it

  3. 3 · What it keeps from $100

    Of every $100 that came in during FY2025, Domino's kept $12.1 as net income after $4.0 of interest, and its income from operations was $19.3 per $100 of revenue.

    More: what it keeps from $100

  4. 4 · Where the operating profit comes from

    In FY2025, U.S. stores earned 48.6% of segment income, the supply chain 27.0% and international franchising 24.4%, though international was only 6.9% of revenue.

    More: where the operating profit comes from

  5. 5 · The one thing to watch

    At Sep 6, 2026, $1,319.0 million of notes had a July 2027 anticipated repayment date against $229.0 million of cash, and Domino's says it expects to refinance them.

    More: the one thing to watch

Sources: From Domino's FY2025 10-K, Q3 FY2026 10-Q and Q3 FY2026 earnings release · checked

See the full receipt and the management scorecard below

Sources (3)
Next: Where $100 goes

01Where the money goes · FY2025

Where does $100 of Domino's' money go?

Of every $100 that came in (revenue plus other income), this is where it went.

Domino's · FY2025

Receipt for every $100

Where $100 of Domino's' money went in FY2025
Cost of food and running the supply chain$53.4
National advertising (passed through)$11.3
General and admin costs and other items, net$9.3
Company-owned store costs$6.5
Interest$4.0
Income tax$3.4
Kept as net income$12.1
Total$100

Each line = amount ÷ total money in × 100. Lines may not add to exactly $100 because of rounding.

How this is worked out

Cityfort calculation from FY2025 10-K. Of every $100 that came in during FY2025 (revenue plus $14.9 million of interest income): each line = line ÷ $4,954.9 million × 100. The general and admin line is $464.1 million of costs, less a $4.0 million gain on selling stores, plus a $2.5 million loss on the DPC Dash stake. National advertising is franchisees' money, spent in full.

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Sources (1)
Next: The business in one line

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02The business in one line

What does Domino's do?

Franchise owners pay Domino's for dough and food, royalties on their pizza sales and money for national advertising; most of it goes on the food Domino's resells to them, and $12.1 of every $100 that came in during FY2025 was left as net income.

  • In FY2025 supply chain sales were 60.5% of Domino's revenue but earned 27.0% of segment income; international royalties and fees were 6.9% of revenue and earned 24.4%.
  • U.S. franchisees generally pay a 5.5% royalty and put 6.0% of their sales into a national advertising fund, which Domino's spends in full.
Next: Who pays it

03Who pays it

Who pays Domino's?

  • Franchise owners: dough and food

    61%

    of revenue

    Franchise stores in the U.S. and Canada buying dough, cheese and other food from Domino's supply chain.

  • U.S. franchisees: royalties and fees

    14%

    of revenue

    Generally a 5.5% royalty on the store's sales, plus fees.

  • U.S. franchisees: national advertising

    11%

    of revenue

    6.0% of sales paid into the national advertising fund, spent in full on advertising.

  • Diners at company-owned stores

    8%

    of revenue

    Customers buying pizza at the U.S. stores Domino's runs itself.

  • International master franchisees

    7%

    of revenue

    Royalties and fees from franchisees running 14,956 stores outside the U.S. at Dec 28, 2025.

  • Franchise owners: dough and food61%
  • U.S. franchisees: royalties and fees14%
  • U.S. franchisees: national advertising11%
  • Diners at company-owned stores8%
  • International master franchisees7%

How spread out the customers are

In the U.S., 754 independent franchisees ran 6,924 stores at Dec 28, 2025, about 9 each on average; the largest ran 160. Abroad, the 10 largest markets held about 66% of international stores, several run by the same master franchisee.

Sources (1)
Next: Why it makes money

04Why it makes money

Why does Domino's make money?

Each new franchise store in the U.S. and Canada pays Domino's twice: royalties on its sales and a margin on the dough and food it buys.

Royalties carry few costs: in FY2025 the international franchise segment kept $288.5 million of segment income on $338.7 million of revenue. The supply chain sells far more but keeps less: $320.1 million on $2,989.5 million. More franchise stores raise royalties, and more stores in the U.S. and Canada also raise food sales.

Income from operations per $100 of revenue

$17.9$19.3

FY2021 to FY2025

  1. Franchise owners open new Domino's stores
  2. Each store pays royalties on its sales
  3. U.S. and Canadian stores buy dough and food from Domino's
  4. Royalties and food margins pay for overheads and interest
  5. Cash goes to dividends, buybacks and the brand
  6. More stores and higher sales raise royalties again

↺ Step 6 feeds back into step 1.

Sources (2)
Next: Business segments

05Business segments · FY2025

Which businesses make up Domino's?

  • Supply chain

    61%

    Dough and food sold to stores in the U.S. and Canada. Segment Income (before depreciation) was $320.1 million in FY2025, 27.0% of the total.

    Revenue $3.0B · Operating profit $320M

  • U.S. stores

    33%

    Royalties, fees and advertising money from U.S. franchisees, plus sales at the stores Domino's runs: 7,186 U.S. stores at Dec 28, 2025. Segment Income was $575.3 million, 48.6% of the total.

    Revenue $1.6B · Operating profit $575M

  • International franchise

    7%

    Royalties and fees from master franchisees running 14,956 stores outside the U.S. at Dec 28, 2025. Segment Income was $288.5 million, 24.4% of the total.

    Revenue $339M · Operating profit $289M

How the mix changed

  • Supply chain
  • U.S. stores
  • International franchise

Revenue by segment, FY2021 to FY2025.

US$

See the numbers
How the mix changed (US$)
YearSupply chainU.S. storesInternational franchise
FY2021$2.6B$1.5B$298M
FY2022$2.8B$1.5B$295M
FY2023$2.7B$1.5B$310M
FY2024$2.8B$1.5B$319M
FY2025$3.0B$1.6B$339M
Sources (2)
Next: How has it done

06The numbers · Consolidated · US$

How has Domino's done?

Revenue

$4.9BFY2025

Revenue fell only in FY2023, then rose to $4.94 billion in FY2025; Q4 covers 16 weeks and the other quarters 12, so compare each quarter with the same quarter a year earlier.

US$

See the numbers
Revenue (US$)
PeriodRevenue (US$)
FY2021$4.4B
FY2022$4.5B
FY2023$4.5B
FY2024$4.7B
FY2025$4.9B
Q4 FY2024$1.4B
Q1 FY2025$1.1B
Q2 FY2025$1.1B
Q3 FY2025$1.1B
Q4 FY2025$1.5B
Q1 FY2026$1.2B
Q2 FY2026$1.2B
Q3 FY2026$1.2B

Net profit

$602MFY2025

Net income fell from $511 million in FY2021, which included a $36.8 million investment gain, to $452 million in FY2022, then rose each year to $602 million in FY2025.

US$

See the numbers
Net profit (US$)
PeriodNet profit (US$)EPS ($)
FY2021$511M$13.54
FY2022$452M$12.53
FY2023$519M$14.66
FY2024$584M$16.69
FY2025$602M$17.57
Q4 FY2024$169M$4.89
Q1 FY2025$150M$4.33
Q2 FY2025$131M$3.81
Q3 FY2025$139M$4.08
Q4 FY2025$182M$5.35
Q1 FY2026$140M$4.13
Q2 FY2026$136M$4.07
Q3 FY2026$152M$4.60

Profit kept per $100 of revenue

$12.2FY2025

Income from operations was $19.3 per $100 of revenue in FY2025, up from $17.9 in FY2021; net income was $12.2 per $100.

$ of profit per $100 of revenue (net margin)

See the numbers
Profit kept per $100 of revenue ($ of profit per $100 of revenue (net margin))
YearNet marginEBITDA margin
FY202111.7%19.6%
FY202210.0%18.7%
FY202311.6%20.1%
FY202412.4%20.5%
FY202512.2%21.1%

Free cash flow

$672MFY2025

Free cash flow (cash from operations minus capital expenditures) was $672 million in FY2025, up from $512 million in FY2024, with capital expenditures of $121 million.

US$ · cash from operations minus spending on plants and equipment

See the numbers
Free cash flow (US$ · cash from operations minus spending on plants and equipment)
YearCash from operationsCapital spendingFree cash flow
FY2021$654M$94.2M$560M
FY2022$475M$87.2M$388M
FY2023$591M$105M$486M
FY2024$625M$113M$512M
FY2025$792M$121M$672M
See all yearly numbers
Domino's annual financials, FY2021–FY2025, US$
YearRevenueEBITDANet profitEPS ($)Operating cashCapexFree cash
FY2021$4.4B$853M$511M$13.54$654M$94.2M$560M
FY2022$4.5B$848M$452M$12.53$475M$87.2M$388M
FY2023$4.5B$900M$519M$14.66$591M$105M$486M
FY2024$4.7B$967M$584M$16.69$625M$113M$512M
FY2025$4.9B$1.0B$602M$17.57$792M$121M$672M

EBITDA here = operating income plus depreciation and amortization (from the cash flow statement). Fiscal years are the company's own (Sunday closest to December 31; Q1 to Q3 are 12 weeks and Q4 is typically 16 weeks (16 in FY2025), so FY2025 ended Dec 28, 2025 and Q3 FY2026 ended Sep 6, 2026). Net profit is the share belonging to the company's owners.

Download Domino's's yearly and quarterly numbers (CSV, with source ids)

Learn: Stock-based compensation and dilution: pay that becomes shares

Sources (14)
Next: What they said, and what happened

07Who runs it

Who runs Domino's, and did they deliver?

  • Joseph H. Jordan

    Chief Executive Officer · since 2026

    CEO since Oct 1, 2026. Previously Chief Operating Officer and President of Domino's U.S. from March 2025; with the company since 2011.

  • Russell J. Weiner

    Executive Chairman Designate · since 2026

    CEO from May 2022 to Sep 30, 2026; to become Executive Chairman after the 2027 annual meeting. FY2025 total pay was $10.7 million.

  • David A. Brandon

    Executive Chairman · since 2022

    Chairman since 1999 and Executive Chairman since 2022; retiring at the 2027 annual meeting.

  • Sandeep Reddy

    Chief Financial Officer

    Named executive officer in the 2026 proxy.

  • Corie S. Barry

    Lead Independent Director · since 2026

    Lead Independent Director from Jul 14, 2026; CEO of Best Buy. Two new directors joined on Jul 15, 2026, taking the board from 8 to 10.

What they said, and what happened

1 too early to tell

  1. Said on Oct 13, 2026

    Domino's said in its Q3 FY2026 10-Q that it expects to refinance the 2017 and 2018 notes ($1,319.0 million) before their July 2027 anticipated repayment date.

    What happened

    The notes were still outstanding and classified as due within a year at Sep 6, 2026.

    Too early to tell
Sources (4)
Next: What could go wrong

08What could go wrong

What could go wrong for Domino's?

  • Debt

    Debt due for refinancing in 2027

    Total debt was $4,885.9 million at Sep 6, 2026, against $229.0 million of cash. $1,319.0 million of notes has a July 2027 anticipated repayment date; Domino's says it expects to refinance them. If not, extra interest of at least 5% a year accrues.

    Watch A new securitization or refinancing 8-K before July 2027, and the interest rate on any new notes.

  • Demand

    Slower U.S. same store sales

    U.S. same store sales rose 0.3% in Q3 FY2026, after 5.2% in Q3 FY2025. U.S. retail sales grew 2.1% in the quarter.

    Watch U.S. same store sales in each earnings release.

  • Raw-material prices

    Cheese and food costs, single suppliers

    Cheese is the largest food cost and is priced off the CME cheddar block price. One supplier provides U.S. cheese under an agreement to December 2029, and one supplier provides most U.S. meat toppings to December 2027.

    Watch Supply chain gross margin (12.2% in Q3 FY2026) and the food basket price change in each release.

  • Concentration

    Reliance on franchisees and a few master franchisees

    Franchise owners run 99% of stores. Abroad, the 10 largest markets hold about 66% of international stores, and some master franchisees run several markets, such as Jubilant FoodWorks in India and Turkey.

    Watch International same store sales and net store openings in each release.

  • Competition

    Delivery apps compete for orders

    The FY2025 10-K counts delivery apps among Domino's competitors, while Domino's also sells through Uber and DoorDash marketplaces.

    Watch U.S. same store sales and the 10-K's description of its marketplace agreements.

  • Other

    DPC Dash stake moves net income

    Domino's holds shares in DPC Dash, its China master franchisee, at market valueShare price × number of shares: what all the shares were worth at one dated price. Learn more. Changes in that value were a $20.9 million pre-tax loss in the first three quarters of FY2026, inside net income but not income from operations.

    Watch Other income (expense) in each release.

  • Execution

    New CEO

    Joseph H. Jordan became CEO on Oct 1, 2026, and the Executive Chairman retires at the 2027 annual meeting. The Chief Technology and Data Officer left in August 2026.

    Watch Plans or targets the new CEO states in the Q4 FY2026 release or 10-K.

Sources (6)
Next: Supporters vs. critics

09Both sides

What do supporters and critics point to?

Facts each side points to. We don't say which side is right.

What supporters point to

  • Stores grew from 18,848 at the end of FY2021 to 22,706 at Sep 6, 2026.
  • Income from operations rose every year from $767.9 million in FY2022 to $954.0 million in FY2025.
  • International royalties and fees of $338.7 million produced $288.5 million of segment income in FY2025.
  • The U.S. franchise agreement renewal rate was about 99% in 2025.
  • Supply chain gross margin was 12.2% in Q3 FY2026, up from 11.3% a year earlier.

What critics point to

  • Stockholders' equity was a deficit of $3,955.1 million at Sep 6, 2026, and total debt was $4,885.9 million.
  • $1,319.0 million of notes has a July 2027 anticipated repayment date and was not yet refinanced at Sep 6, 2026.
  • U.S. same store sales rose 0.3% in Q3 FY2026, after 5.2% a year earlier.
  • Diluted EPS rose 29.8% from FY2021 to FY2025 while net income rose 17.9%, because buybacks cut the diluted share count by 9.2%.
  • Changes in the value of the DPC Dash stake were a $20.9 million pre-tax loss in the first three quarters of FY2026.
Next: What to watch next

10What to watch next

What should you watch next at Domino's?

Next event

Q4 FY2026 results

Date not announced yet.

  • Refinancing the 2027 notes

    $1,319.0 million of notes has a July 2027 anticipated repayment date. Domino's said in the Q3 FY2026 10-Q that it expects to refinance them.

  • U.S. same store sales

    They rose 0.3% in Q3 FY2026, after 5.2% a year earlier. Q4 is longer than the other quarters (16 weeks in FY2025), so compare it with Q4 FY2025 (3.7%).

  • The new CEO's first results

    Joseph H. Jordan became CEO on Oct 1, 2026. The Q4 FY2026 release is the first results that include his time as CEO.

Next: Key dates

11Key dates

What are the key dates for Domino's?

Dates as stated in the filings. A date that no filing has given yet shows as not yet stated.
Key dates for Domino's
EventDateSource
Quarterly dividend of $1.99 a share payableDeclared Oct 6, 2026 for shareholders of record on Dec 15, 2026.Q3 FY2026 earnings release (8-K Ex. 99.1, Oct 13, 2026)
Anticipated repayment of $1,319.0 million of 2017 and 2018 notesJuly 2027, as stated in the Q3 FY2026 10-Q; no exact day is given there.Not yet statedForm 10-Q, third quarter fiscal 2026 (12 weeks ended Sep 6, 2026)
2027 annual meetingExpected on or about this date. Russell J. Weiner is to become Executive Chairman after it, and David A. Brandon retires at it.8-K filed Jun 22, 2026: CEO succession (Joseph H. Jordan CEO from Oct 1, 2026; Russell J. Weiner to Executive Chairman; David A. Brandon to retire)

Learn: How to read a proxy statement (DEF 14A): Nvidia's 2026 proxy

Sources (3)
Next: Key facts

12Key facts

Key facts about Domino's

What does Domino's do?
Domino's Pizza, Inc. franchises Domino's pizza delivery and carryout stores and supplies dough and food to those in the U.S. and Canada. It had 22,706 stores in over 90 markets at Sep 6, 2026, 99% run by franchisees, and revenue of $4.94 billion in FY2025 (the 52 weeks to Dec 28, 2025).
How does Domino's make money?
In FY2025 Domino's revenue of $4.94 billion came from selling dough and food to franchise stores (60.5%), U.S. franchise royalties and fees (13.7%), U.S. franchise advertising contributions (11.3%), sales at its own U.S. stores (7.6%) and international royalties and fees (6.9%).
Who are Domino's customers?
Domino's main payers are franchise owners: in FY2025 they paid about 92% of its revenue for food, royalties, fees and advertising. Diners at the 262 U.S. stores Domino's ran itself at Dec 28, 2025 paid 7.6%. In the U.S., 754 independent franchisees ran 6,924 stores.
Is Domino's profitable?
Yes. Domino's had income from operations of $954.0 million and net income of $601.7 million in FY2025, on revenue of $4.94 billion. In Q3 FY2026 (the 12 weeks to Sep 6, 2026) net income was $152.2 million, up from $139.3 million a year earlier.
What is Domino's revenue by segment?
In FY2025 Domino's supply chain segment had revenue of $2,989.5 million (60.5%), U.S. stores $1,611.8 million (32.6%) and international franchise $338.7 million (6.9%). By segment income, U.S. stores earned 48.6%, supply chain 27.0% and international franchise 24.4%.
How much does Domino's earn from selling food to franchisees?
Domino's supply chain sales were $2,989.5 million in FY2025, 60.5% of revenue. After $2,644.8 million of cost of sales, the supply chain gross margin was 11.5%, as stated in the FY2025 10-K; supply chain segment income was $320.1 million.
How much does Domino's earn from royalties?
Domino's earned $677.1 million of U.S. franchise royalties and fees and $338.7 million of international royalties and fees in FY2025, together 20.6% of revenue. The international franchise segment kept $288.5 million of segment income on its $338.7 million of revenue.
How much do Domino's company-owned stores bring in?
Domino's U.S. company-owned stores had revenue of $375.2 million in FY2025, 7.6% of the total, against $321.6 million of store costs. Domino's ran 262 stores itself at Dec 28, 2025 and 187 at Sep 6, 2026, after selling 77 stores to franchisees in Q2 FY2026.
Who owns Domino's?
Domino's Pizza, Inc. has one class of common stock with one vote per share. Filings show FMR LLC with 12.4% (Jun 30, 2026), Soroban Capital Partners with 7.4% and Vanguard Capital Management with 6.86% (Mar 31, 2026), BlackRock with 6.74% (Jun 30, 2025) and Vanguard Portfolio Management with 5.38% (Mar 31, 2026). Berkshire Hathaway reported 0 shares as of Mar 31, 2026, down from 9.96% at Dec 31, 2025.
Why is Domino's stockholders' equity negative?
From FY2021 to FY2025 Domino's spent $2,570.9 million on buybacks and $913.5 million on dividends, more than its $2,667.7 million of net income, partly with borrowed money. Stockholders' equity was a deficit of $3,955.1 million at Sep 6, 2026, and total debt was $4,885.9 million.
Sources (10)
Next: Go deeper

Terms on this page

Each explains the term in plain English, with the same number from other companies on Cityfort.

Go deeper

More detail from the same filings. Open any section.

13What it sells

13What it sells

What does Domino's sell?

Domino's is mainly a pizza franchisor and food supplier. Independent franchise owners run 99% of Domino's stores and pay it royalties on their sales. In the U.S. and Canada, Domino's also makes their dough and delivers their food.

  • Dough and food for franchise stores ($2,989.5M in FY2025)

    Domino's supply chain makes dough and distributes food to stores in the U.S. and Canada. Cheese is the largest food cost, priced off the CME cheddar block price plus a markup.

  • U.S. franchise royalties and fees ($677.1M)

    U.S. franchisees generally pay Domino's a 5.5% royalty on their sales, plus fees.

  • U.S. franchise advertising ($559.5M)

    U.S. franchisees contribute 6.0% of their sales to a national advertising fund that Domino's runs. The money is spent on advertising, so this revenue and its cost are equal.

  • Company-owned stores ($375.2M)

    Pizza sold at the U.S. stores Domino's runs itself: 262 at Dec 28, 2025 and 187 at Sep 6, 2026.

  • International royalties and fees ($338.7M)

    Master franchisees run 15,449 stores outside the U.S. (Sep 6, 2026) and pay Domino's royalties and fees.

What it does

  • Does: Makes dough at 22 U.S. dough manufacturing and supply chain centers and five centers in Canada
  • Does: Collects royalties on franchise stores' sales in the U.S. and over 90 markets abroad
  • Does: Runs the U.S. national advertising fund that franchisees pay into
  • Does: Runs 187 U.S. stores itself (Sep 6, 2026)

What it does not do

  • Does not: Does not count franchisees' pizza sales as revenue: global retail sales were $20.1 billion in FY2025, against Domino's revenue of $4.94 billion
  • Does not: Does not run Domino's stores in India, the U.K., Australia, Japan or Mexico: master franchisees such as Jubilant FoodWorks, Domino's Pizza Group, Domino's Pizza Enterprises and Alsea do, and pay royalties
  • Does not: Does not employ the staff of franchised stores
Sources (2)
14How the money flows

14How the money flows · FY2025

How does money flow through Domino's?

Money in

  • Dough and food sold to franchise stores$3.0B
  • U.S. franchise royalties and fees$677M
  • U.S. franchise advertising contributions$560M
  • Sales at company-owned stores$375M
  • International royalties and fees$339M
  • Interest income$14.9M

The company

Domino's

$5.0B came in

Money out

  • Cost of food and running the supply chain$2.6B
  • National advertising (passed through)$560M
  • General and admin costs and other items, net$463M
  • Company-owned store costs$322M
  • Interest$196M
  • Income tax$169M
  • Net income$602M
  1. Franchise stores paid Domino's $2.99 billion in FY2025 for dough and food, which cost Domino's $2.64 billion to make and deliver.
  2. U.S. franchisees paid $677 million of royalties and fees and $560 million for national advertising; international franchisees paid $339 million.
  3. The stores Domino's runs itself had $375 million of sales, against $322 million of store costs.
  4. Advertising spending matched the $560 million collected, and general and admin costs took $464 million, leaving $954 million of income from operations.
  5. After $196 million of interest expense, $15 million of interest income and $169 million of tax, $602 million was left as net income.
Sources (1)
15What it needs to run

15What it needs to run

What does Domino's need to run?

  • Dough plants and supply chain centers

    22 U.S. dough manufacturing and supply chain centers, two thin-crust plants, one vegetable processing center and five centers in Canada.

  • Cheese and toppings

    Cheese is the largest food cost. One supplier provides U.S. cheese under an agreement to December 2029, and one supplier provides most U.S. meat toppings to December 2027.

  • Franchise owners

    754 independent U.S. franchisees ran 6,924 stores at Dec 28, 2025, and the U.S. franchise agreement renewal rate was about 99% in 2025.

  • Digital ordering

    More than 85% of U.S. retail sales came through digital channels in 2025, according to the FY2025 10-K.

  • People

    About 10,200 employees at Dec 28, 2025: about 6,000 in U.S. stores, 3,200 in the supply chain, 100 international and 900 corporate.

  • Borrowed money

    Total debt was $4,885.9 million at Sep 6, 2026, all of it securitization notes secured by franchise royalties, supply chain income and the brand, plus leases.

Sources (2)
16Competitors and what protects it

16Competitors and what protects it

Who does Domino's compete with?

Domino's FY2025 10-K names other pizza chains and food delivery apps as competitors; Domino's also sells through two of those apps under multinational agreements.

  • Pizza Hut

    Named in Domino's FY2025 10-K as a competitor in pizza delivery and carryout.

  • Papa John's

    Named in Domino's FY2025 10-K as a competitor in pizza delivery and carryout.

  • Little Caesars

    Named in Domino's FY2025 10-K as a competitor in pizza.

  • DoorDash

    NASDAQ: DASH

    Food delivery apps compete for orders, according to the 10-K; Domino's also sells on DoorDash's marketplace under a multinational agreement.

  • Uber

    NYSE: UBER

    Domino's sells through Uber's marketplace under a multinational agreement, while the 10-K counts delivery apps among its competitors.

What protects the business

Each strength is scored 1 (weak) to 5 (strong) for the business, with the reason. It is not a rating of the share.

  • Size of the store network4 of 5

    Domino's had 22,706 stores in over 90 markets at Sep 6, 2026, up from 18,848 at the end of FY2021.

  • Own dough and food supply chain4 of 5

    Domino's runs 22 U.S. dough manufacturing and supply chain centers and five in Canada, which sold $2,989.5 million to stores in FY2025.

  • Franchisee loyalty4 of 5

    The U.S. franchise agreement renewal rate was about 99% in 2025, and U.S. franchisees had been in the system more than 15 years on average.

  • Digital ordering3 of 5

    More than 85% of U.S. retail sales came through digital channels in 2025, according to the FY2025 10-K.

Weak spot

Borrowing secured by its income

Total debt was $4,885.9 million at Sep 6, 2026, secured by royalties and supply chain income, and $1,319.0 million of it has a July 2027 anticipated repayment date.

Sources (4)
17Where growth could come from

17Where growth could come from

Where could Domino's' growth come from?

Domino's earnings releases from Q4 FY2024 to Q3 FY2026 give no numeric outlook for sales, stores or profit.
Management statement, Oct 13, 2026. Reported as a statement, not our forecast.

  • New stores

    Working

    22,706 stores, Sep 6, 2026

    Up from 21,750 a year earlier: net store growth over the four quarters was 956, of which 789 outside the U.S. and 167 in the U.S.

    Status: Working, on track against what the company said.

  • U.S. same store sales

    Mixed

    +0.3%, Q3 FY2026

    Sales at U.S. stores open at least a year (a company measure) rose 5.2% in Q3 FY2025 and 3.7% in Q4 FY2025, then 0.9%, 0.1% and 0.3% in the first three quarters of FY2026.

    Status: Mixed, partly on track.

  • International same store sales

    Mixed

    +0.2% excluding currency, Q3 FY2026

    International same store sales excluding currency effects were −0.4% in Q1 FY2026 and −0.1% in Q2, after 1.9% for FY2025.

    Status: Mixed, partly on track.

  • Supply chain margin

    Working

    12.2% gross margin, Q3 FY2026

    Up from 11.3% a year earlier; Domino's said the gain was primarily due to procurement productivity. Food basket prices to stores rose 2.2%.

    Status: Working, on track against what the company said.

Status compares progress with what the company itself said it would do: Working = on track against what the company said; Mixed = partly on track; Behind = behind the company's own plan; New = recently announced; Early = too early to judge.

Sources (6)
18The company's own measures (non-GAAP)

18The company's own measures · FY2025 and Q3 FY2026

What do Domino's' own measures show?

Sales and leverage measures are Domino's own, shown next to the official (GAAP) number. They are never added together.

  • Official (GAAP): Revenue, FY2025

    $4.9B

    Company's own measure: Global retail sales, FY2025 (Domino's measure)

    $20.1B

    Sales at all Domino's stores worldwide, franchised and company-owned. Franchisees' sales are not Domino's revenue; Domino's earns royalties on them and sells food to some of them.

  • Official (GAAP): Revenue growth, FY2025 (stated in the FY2025 10-K)

    5.0%

    Company's own measure: U.S. same store sales growth, FY2025

    3.0%

    Change in sales at U.S. stores open during both the current and prior periods, franchised and company-owned. Company-owned stores rose 1.5% and franchised stores 3.0%.

  • Official (GAAP): Revenue growth, Q3 FY2026 (stated in the Q3 FY2026 earnings release)

    3.4%

    Company's own measure: U.S. same store sales growth, Q3 FY2026

    0.3%

    Same measure. International same store sales excluding currency effects rose 0.2%.

  • Official (GAAP): Total debt, Sep 6, 2026

    $4.9B

    Company's own measure: Leverage ratio, Sep 6, 2026 (Domino's measure)

    4.2 x

    Securitized fixed-rate notes and variable funding note borrowings ÷ Consolidated Adjusted EBITDAOperating profit before wear-and-tear charges (depreciation and amortization). As a margin: per $100 of sales. for the trailing four quarters ($1,123.4 million, a company measure). Consolidated Adjusted EBITDA is income from operations ($999.8 million for the same four quarters) before depreciation and amortization, stock-based compensationPay given as shares instead of cash, which spreads ownership more thinly. Learn more and gains or losses on selling assets and stores. Domino's said it has historically operated between four and six times.

These are the company's own measures, defined by the company. They are not comparable across companies, and they are not added together. Each sits beside the nearest official (GAAP) figure.

Learn: Non-GAAP measures: what a company's "adjusted" numbers leave out · Stock-based compensation and dilution: pay that becomes shares

Sources (3)
19Financial strength and debt

19Financial strength · Sep 6, 2026

How much debt does Domino's have?

At Sep 6, 2026 Domino's owed $4.9 billion and held $229.0 million of cash; net debt was about 5.9 times its FY2025 cash from operations.
  • Total debt$4.9B
  • Cash and investments$229M
  • Net debt (debt minus cash)$4.7B
  • Net worth (shareholders' money)−$4.0B
Interest cover
4.9×
how many times operating profit covers interest
  • Debt is current and long-term debt as reported at Sep 6, 2026 ($4,885.9 million), including finance leases. Net debt is a Cityfort calculation from the Q3 FY2026 10-Q, and the 5.9 times figure from it and the FY2025 10-K.
  • All borrowing is securitization notes issued by subsidiaries and secured by substantially all revenue-generating assets: franchise royalties, U.S. supply chain income and the brand. The weighted average borrowing rate was 3.8% in 2025.
  • $1,326.8 million is due within a year, including $1,319.0 million of 2017 and 2018 notes with a July 2027 anticipated repayment date. Domino's says it expects to refinance them; if it does not, at least 5% a year of extra interest accrues.
  • Stockholders' equity was negative in every year on this page: a deficit of $3,901.1 million at Dec 28, 2025 and $3,955.1 million at Sep 6, 2026, so debt-to-equity is not shown.
  • Restricted cash of $168.0 million held inside the securitization is not counted as cash here. Interest coverage (FY2025 income from operations ÷ interest expense) is a Cityfort calculation from the FY2025 10-K. The $320 million variable funding note facility was undrawn.
Sources (2)
20Who owns it

20Who owns it · ownership as of Feb 25, 2026

Who owns Domino's?

Domino's has one class of common stock with one vote per share. Directors and executive officers (18 people) held 0.89% at Dec 28, 2025. Berkshire Hathaway, listed in the 2026 proxy with 9.96%, reported 0 shares as of Mar 31, 2026; The Vanguard Group now reports through two separate Vanguard entities, and T. Rowe Price fell to 3.9%.
Officers and directors (as a group), shares
0.9%
Share classes
Domino's share classes: shares outstanding (millions) and votes per share
ClassShares (millions)Votes per shareHeld by% of shares% of votesTraded
Common stock (32,896,056 shares on Oct 6, 2026 (Q3 FY2026 10-Q cover); 33,625,700 on the Feb 25, 2026 record date.)32.91–––Yes
Holders of 5% or more
Domino's holders of 5% or more, from the proxy statement or later Schedule 13G filings; each row shows its own date
HolderSharesVotesAs ofSourceNote
FMR LLC (Fidelity)12.4%–Aug 6, 2026S25Schedule 13G/A, holding as of Jun 30, 2026 (about 4.13 million shares).
Soroban Capital Partners7.4%–May 15, 2026S26Schedule 13G, holding as of Mar 31, 2026 (2,495,194 shares).
Vanguard Capital Management6.9%–Apr 29, 2026S27Schedule 13G, holding as of Mar 31, 2026 (2,309,597 shares). Reported separately from Vanguard Portfolio Management; the two are not added together.
BlackRock6.7%–Mar 10, 2026S17Proxy figure (2,265,195 shares), based on a Schedule 13G/A filed Jul 17, 2025 with data as of Jun 30, 2025.
Vanguard Portfolio Management5.4%–Apr 29, 2026S28Schedule 13G, holding as of Mar 31, 2026 (1,810,656 shares).

From the company's proxy statement (DEF 14A), later Schedule 13G filings and the share counts on its latest annual or quarterly report. Each holder row shows the date of its own filing.

Insider trades · Form 4 data as of Nov 6, 2026

What did Domino's' insiders report trading?

Domino's' insiders made 69 Form 4A filing an insider must make within two business days of buying or selling the company's shares. Learn more filings in the 12 months to Nov 6, 2026.

They reported no purchases and 26 sales (47,087 shares) in the open market or privately (codes P and S).

18 of the 26 sales were on forms with the Rule 10b5-1 plan box checked.

The same filings report 97 other share transactions (F: 46, A: 37, M: 14).

They also report 25 transactions in options, stock units or other derivatives.

Insiders are a company's officers, directors and owners of more than 10% of a class of its shares. Most changes in their holdings must be reported to the SEC on a Form 4 within two business days. Source: SEC Form 4 filings on EDGAR.

P
a purchase in the open market or privately
S
a sale in the open market or privately
A
a grant, award or other acquisition from the company under Rule 16b-3
F
shares withheld or handed over to pay an exercise price or tax when an award is received, exercised or vests
M
exercise or conversion of an option or other derivative, exempt under Rule 16b-3

Code meanings: General Instruction 8 of Form 4 (SEC).

The latest 25 of 123 transactions
Domino's' insider transactions reported on Form 4 in the 12 months to Nov 6, 2026, newest filing first
InsiderTrade dateCodeSharesPriceHeld after10b5-1 boxFiling
JORDAN JOSEPH HUGHDirector, Chief Executive OfficerNov 2, 2026M4,870 A$168.2125,945.268CheckedForm 4, filed Nov 4, 2026
JORDAN JOSEPH HUGHDirector, Chief Executive OfficerNov 2, 2026S4,870 D$316.5021,075.268CheckedForm 4, filed Nov 4, 2026
TRUMBULL KATHERINE EEVP, Chief Marketing OfficerNov 2, 2026F9 D$322.356,154.579Not checkedForm 4, filed Nov 4, 2026
JORDAN JOSEPH HUGHChief Executive OfficerOct 1, 2026A10,170 A$0.0021,075.268Not checkedForm 4, filed Oct 2, 2026
BALSON ANDREWDirectorSep 30, 2026A101 A$0.002,988Not checkedForm 4, filed Oct 2, 2026
GARCIA KELLY EEVP, Chief Tech & Data OfcrJul 22, 2026M8,220 A$300.1617,571.818Not checkedForm 4, filed Jul 23, 2026
GARCIA KELLY EEVP, Chief Tech & Data OfcrJul 22, 2026S3,606 D$320.803813,965.818Not checkedForm 4, filed Jul 23, 2026
GARCIA KELLY EEVP, Chief Tech & Data OfcrJul 22, 2026S3,453 D$322.012310,512.818Not checkedForm 4, filed Jul 23, 2026
GARCIA KELLY EEVP, Chief Tech & Data OfcrJul 22, 2026S1,161 D$322.83739,351.818Not checkedForm 4, filed Jul 23, 2026
GARCIA KELLY EEVP, Chief Tech & Data OfcrJul 22, 2026M1,540 A$212.5210,891.818Not checkedForm 4, filed Jul 23, 2026
GARCIA KELLY EEVP, Chief Tech & Data OfcrJul 22, 2026S1,540 D$322.88029,351.818Not checkedForm 4, filed Jul 23, 2026
GARCIA KELLY EEVP, Chief Tech & Data OfcrJul 22, 2026M1,370 A$283.6810,721.818Not checkedForm 4, filed Jul 23, 2026
GARCIA KELLY EEVP, Chief Tech & Data OfcrJul 22, 2026S1,370 D$322.879,351.818Not checkedForm 4, filed Jul 23, 2026
GARCIA KELLY EEVP, Chief Tech & Data OfcrJul 22, 2026M1,010 A$275.3510,361.818Not checkedForm 4, filed Jul 23, 2026
GARCIA KELLY EEVP, Chief Tech & Data OfcrJul 22, 2026S1,010 D$322.91869,351.818Not checkedForm 4, filed Jul 23, 2026
GARCIA KELLY EEVP, Chief Tech & Data OfcrJul 22, 2026M290 A$275.359,641.818Not checkedForm 4, filed Jul 23, 2026
GARCIA KELLY EEVP, Chief Tech & Data OfcrJul 22, 2026S290 D$323.189,351.818Not checkedForm 4, filed Jul 23, 2026
WEINER RUSSELL JDirector, Chief Executive OfficerJul 17, 2026M10,850 A$136.8954,678.742CheckedForm 4, filed Jul 21, 2026
WEINER RUSSELL JDirector, Chief Executive OfficerJul 17, 2026S10,850 D$330.8343,828.742CheckedForm 4, filed Jul 21, 2026
JORDAN JOSEPH HUGHCOO and President-Domino's USJul 16, 2026M2,350 A$136.8913,255.268CheckedForm 4, filed Jul 20, 2026
JORDAN JOSEPH HUGHCOO and President-Domino's USJul 16, 2026S2,350 D$311.2910,905.268CheckedForm 4, filed Jul 20, 2026
JORDAN JOSEPH HUGHCOO and President-Domino's USJul 16, 2026M3,100 A$136.8914,005.268CheckedForm 4, filed Jul 20, 2026
JORDAN JOSEPH HUGHCOO and President-Domino's USJul 16, 2026S3,100 D$311.2910,905.268CheckedForm 4, filed Jul 20, 2026
Creedon Michael C JrDirectorJul 15, 2026A472 A$0.00472Not checkedForm 4, filed Jul 17, 2026
Olson AnnelieseDirectorJul 15, 2026A472 A$0.00472Not checkedForm 4, filed Jul 17, 2026

Shares: A = acquired, D = disposed of. A price the filing gives only in a footnote shows as “See filing”. The 10b5-1 box is checked when at least one trade on the form was made under a Rule 10b5-1 plan. A Form 4/A replaces the form it amends. See all of Domino's' Form 4 filings on EDGAR.

Learn: How to read a proxy statement (DEF 14A): Nvidia's 2026 proxy · Form 4 insider filings: who files, the codes and the footnotes · Rule 10b5-1 trading plans: how insiders pre-schedule their trades

Sources (6)
21What it does with profit

21What it does with profit

What does Domino's do with its profit?

Dividends are declared per share; payout = dividends declared per share ÷ diluted EPS (Cityfort calculation from FY2025 10-K). The quarterly dividend rose 15% to $1.99 in February 2026. From FY2021 to FY2025 buybacks ($2,570.9 million) and dividends ($913.5 million) added up to more than free cash flow ($2,617.1 million) (Cityfort calculation from the FY2022 and FY2025 10-Ks).

Dividend per share

$6.96FY2025

Dividend paid for each share, by financial year.

$ per share

See the numbers
Dividend per share ($ per share)
YearDividend per shareShare of profit paid out
FY2023$4.8433.0%
FY2024$6.0436.2%
FY2025$6.9639.6%

  • Buyback · Dec 28, 2025

    Bought back 785,280 shares in FY2025 for $354.7 million.

    $355M

  • Buyback · Apr 21, 2026

    Board approved an additional $1.0 billion of buybacks, for $1.29 billion authorized at that time.

    $1.0B

  • Buyback · Sep 6, 2026

    Bought back 848,503 shares in the first three quarters of FY2026 for $304.9 million; $1.15 billion of the authorization remained.

    $305M

Sources (3)
22Governance signals

22Governance signals

What do Domino's' governance filings show?

Auditor
PricewaterhouseCoopers LLP
Auditor changes
None in the period covered
Audit qualifications
None reported
Related-party dealings
This version of the page does not summarize the related-person transactions section of the 2026 proxy. Fees paid to PwC were $2.031 million for 2025, including $1.916 million of audit fees.
Credit rating
S&P Global Ratings (as stated in the Series 2025-1 note purchase agreement) BBB+ for the Series 2025-1 securitization notes; a rating of those notes, not of Domino's Pizza, Inc. (Not stated in the filing), Aug 12, 2025

A credit rating describes the company's ability to repay debt. It is not a rating of the share.

Flags to know about

  • other

    Leadership change

    Joseph H. Jordan became CEO on Oct 1, 2026, succeeding Russell J. Weiner. Executive Chairman David A. Brandon retires at the 2027 annual meeting. The Chief Technology and Data Officer resigned effective Aug 28, 2026.

  • disclosure

    Segment profit measured differently over time

    Domino's changed its segment profit measure for FY2023 and again from Q1 FY2026, when it moved to Segment Adjusted Income from Operations (after segment depreciation) and recast 2025 quarters. Segment profit is not comparable across these breaks.

  • other

    CEO pay ratio

    The 2026 proxy states a CEO pay ratio of 291 to 1. The median employee was a part-time delivery driver paid $36,776.

Sources (6)
23What the market paid

23What the market paid · price as of Nov 5, 2026

What did the market pay for Domino's on Nov 5, 2026?

Price as of Nov 5, 2026 (shown for education; prices change daily).

Price as of Nov 5, 2026: Domino's closed at $341.63 on Nasdaq (Nasdaq historical data). Times 32.9 million shares (Oct 6, 2026) that is a market value of about $11.2 billion (Cityfort calculation from the Nov 5, 2026 closing price and the Q3 FY2026 10-Q cover). P/E is price ÷ earnings per share: 18.8 on diluted EPS of $18.15 for the four quarters to Sep 6, 2026 (Cityfort calculation from the Q4 FY2025 to Q3 FY2026 earnings releases). The declared quarterly dividend of $1.99 adds up to $7.96 a year, 2.3% of that price. Stockholders' equity is negative, so price-to-book is not shown.

Share price
$341.63
Market value (market cap)
$11.2B
P/E
18.8×

More price-based ratios · as of Nov 5, 2026

Each ratio divides a number from the company's filings by the market value or share price on Nov 5, 2026. Prices change daily, so these ratios do too.

Shares used for the market value: 32.9 million ($341.63 × 32.9 million shares ≈ $11.2B). Source: Form 10-Q, third quarter fiscal 2026 (12 weeks ended Sep 6, 2026); 2026 proxy statement (DEF 14A, annual meeting Apr 21, 2026)

Source: DPZ historical daily prices, Nasdaq (close of Nov 5, 2026: $341.63); Form 10-Q, third quarter fiscal 2026 (12 weeks ended Sep 6, 2026); Q3 FY2026 earnings release (8-K Ex. 99.1, Oct 13, 2026) and 3 more

Sources (10)
24How it got here

24How it got here

How did Domino's get here?

  1. 2021

    Milestone

    $1.85 billion securitization and buybacks

    Domino's issued $1.85 billion of securitization notes in FY2021 and bought back $1,320.9 million of its shares that year.

  2. 2022

    Business-model change

    Fewer company-owned stores

    Domino's sold stores to franchisees, booking a $21.2 million gain; its own U.S. stores fell from 375 to 286 during FY2022.

  3. 2025

    Milestone

    Moved from NYSE to Nasdaq

    Domino's moved its stock listing to Nasdaq; the first trading day there was Jan 2, 2025.

  4. 2025

    Milestone

    $1.0 billion refinancing

    In September 2025 Domino's issued $1.0 billion of new notes and used them plus $160 million of cash to repay $742.0 million of 2015 notes and $402.7 million of 2018 notes.

  5. 2026

    Business-model change

    77 more stores sold to franchisees

    In Q2 FY2026 Domino's sold 77 of its U.S. stores in Virginia and Michigan for $19.8 million, cutting its own stores from 262 to 186.

  6. 2026

    Milestone

    New CEO

    Joseph H. Jordan, with Domino's since 2011, became CEO on Oct 1, 2026.

Sources (7)

25Sources and changes

Where every number on this page comes from

Sources (28 documents)
  1. S1Form 10-K, fiscal year 2025 (ended Dec 28, 2025) · Domino's Pizza, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Feb 23, 2026
  2. S4Form 10-K, fiscal year 2022 (ended Jan 1, 2023) · Domino's Pizza, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Feb 23, 2023
  3. S6Form 10-Q, third quarter fiscal 2026 (12 weeks ended Sep 6, 2026) · Domino's Pizza, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Oct 13, 2026
  4. S7Q3 FY2026 earnings release (8-K Ex. 99.1, Oct 13, 2026) · Domino's Pizza, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Oct 13, 2026
  5. S8Q2 FY2026 earnings release (8-K Ex. 99.1, Jul 20, 2026) · Domino's Pizza, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Jul 20, 2026
  6. S9Q1 FY2026 earnings release (8-K Ex. 99.1, Apr 27, 2026) · Domino's Pizza, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Apr 27, 2026
  7. S10Q4 FY2025 earnings release (8-K Ex. 99.1, Feb 23, 2026) · Domino's Pizza, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Feb 23, 2026
  8. S11Q3 FY2025 earnings release (8-K Ex. 99.1, Oct 14, 2025) · Domino's Pizza, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Oct 14, 2025
  9. S12Q2 FY2025 earnings release (8-K Ex. 99.1, Jul 21, 2025) · Domino's Pizza, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Jul 21, 2025
  10. S13Q1 FY2025 earnings release (8-K Ex. 99.1, Apr 28, 2025) · Domino's Pizza, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Apr 28, 2025
  11. S14Q4 FY2024 earnings release (8-K Ex. 99.1, Feb 24, 2025) · Domino's Pizza, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Feb 24, 2025
  12. S15Form 10-Q, second quarter fiscal 2026 (12 weeks ended Jun 14, 2026) · Domino's Pizza, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Jul 20, 2026
  13. S16Form 10-Q, first quarter fiscal 2026 (12 weeks ended Mar 22, 2026) · Domino's Pizza, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Apr 27, 2026
  14. S172026 proxy statement (DEF 14A, annual meeting Apr 21, 2026) · Domino's Pizza, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Mar 10, 2026
  15. S188-K filed Dec 12, 2024: transfer of listing from NYSE to Nasdaq (Ex. 99.1) · Domino's Pizza, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Dec 12, 2024
  16. S198-K filed Sep 8, 2025: 2025 securitization refinancing ($1.0B Series 2025-1 notes, new $320M variable funding notes) · Domino's Pizza, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Sep 8, 2025
  17. S208-K filed Aug 13, 2025: purchase agreement for Series 2025-1 notes (Ex. 99.1; its pricing supplement states the S&P rating BBB+) · Domino's Pizza, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Aug 13, 2025
  18. S218-K filed Jun 22, 2026: CEO succession (Joseph H. Jordan CEO from Oct 1, 2026; Russell J. Weiner to Executive Chairman; David A. Brandon to retire) · Domino's Pizza, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Jun 22, 2026
  19. S228-K filed Jul 14, 2026: two directors appointed, Lead Independent Director named, CTO resignation · Domino's Pizza, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Jul 14, 2026
  20. S24Schedule 13G/A, Berkshire Hathaway Inc. and Warren E. Buffett (0 shares as of Mar 31, 2026) · Berkshire Hathaway Inc. (SEC EDGAR) · Tier 1: company or exchange filing · May 15, 2026
  21. S25Schedule 13G/A, FMR LLC (12.4% as of Jun 30, 2026) · FMR LLC (SEC EDGAR) · Tier 1: company or exchange filing · Aug 6, 2026
  22. S26Schedule 13G, Soroban Capital Partners LP (7.4% as of Mar 31, 2026) · Soroban Capital Partners LP (SEC EDGAR) · Tier 1: company or exchange filing · May 15, 2026
  23. S27Schedule 13G, Vanguard Capital Management (6.86% as of Mar 31, 2026) · Vanguard Capital Management (SEC EDGAR) · Tier 1: company or exchange filing · Apr 29, 2026
  24. S28Schedule 13G, Vanguard Portfolio Management (5.38% as of Mar 31, 2026) · Vanguard Portfolio Management (SEC EDGAR) · Tier 1: company or exchange filing · Apr 29, 2026
  25. S29Schedule 13G/A, T. Rowe Price Investment Management (3.9% as of Jun 30, 2026) · T. Rowe Price Investment Management, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Aug 14, 2026
  26. S30Schedule 13G/A, The Vanguard Group (0 shares as of Mar 13, 2026) · The Vanguard Group (SEC EDGAR) · Tier 1: company or exchange filing · Mar 26, 2026
  27. S31DPZ historical daily prices, Nasdaq (close of Nov 5, 2026: $341.63) · Nasdaq, Inc. · Tier 2: rating agency or regulator · Nov 5, 2026
  28. S32EDGAR XBRL company facts, Domino's Pizza, Inc. (CIK 0001286681) · U.S. Securities and Exchange Commission · Tier 1: company or exchange filing · Nov 6, 2026
Changes to this page (v1 · Nov 6, 2026)
  1. v1 · Nov 6, 2026First version, through Q3 FY2026 (12 weeks ended Sep 6, 2026), from the Oct 13, 2026 release and 10-Q. (first version)

Numbers come only from tier 1 and tier 2 sources. Read how we research.

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Cityfort publishes general educational content that explains how listed companies work. Cityfort is not registered with the US Securities and Exchange Commission or any state securities regulator as an investment adviser, and is not a broker-dealer or a member of FINRA. Cityfort does not provide investment, tax or legal advice, recommendations, ratings, price targets or any opinion on whether to buy, sell or hold any security. Nothing on the site is tailored to any person's circumstances.

All information is taken from publicly available sources, mainly company filings with the SEC, which are listed on each page with dates. We work to keep it accurate and correct errors publicly, but we do not guarantee that it is complete, accurate or up to date. Any market price or price-based ratio shown is dated, may be out of date by the time you read it, and is included only to explain concepts.

Statements by company management, including forward-looking statements and guidance, are reported as the company's statements, with their date and source; they are not our forecasts. Adjusted (non-GAAP) figures are the company's own measures and are shown next to the official (GAAP) figures.