Domino's Pizza, Inc. (NASDAQ: DPZ) is a quick service restaurant company that franchises and operates pizza delivery and carry-out stores. It makes money primarily through royalties charged to franchisees as a percentage of their sales, fees, and by selling food and other products to franchisees through company-operated supply chain operations in the U.S. and Canada. A smaller portion of revenue comes from company-owned stores in the U.S. In international markets, Domino's grants geographic rights to master franchisees, who sub-franchise and supply their territories. The model is described in the 10-K (filed 2026-02-23) as asset-light, generating consistent royalty and supply chain cash flows, with the company historically returning cash to shareholders through dividends and share repurchases. Domino's is incorporated in Delaware and trades on the Nasdaq exchange.

Revenue model

Franchise royalties (ongoing percent-of-sales fees for use of the Domino's brand), franchise fees, supply chain product sales to franchisees (primarily U.S. and Canada), and company-owned store sales. International revenue flows through master franchise agreements. Per the 10-K filed 2026-02-23.

Products and services

Pizza and complementary menu items sold through franchised and company-owned stores. Supply chain operations distribute food and other products to franchisees. The Domino's Pizza brand is licensed to franchisees and master franchisees.

Customers and end markets

Primary customers are franchisees and master franchisees who pay royalties and purchase food through supply chain operations. End consumers purchase pizza and complementary items for delivery or carry-out through the quick service restaurant channel.

Value-chain role

Franchisor and brand licensor. Also operates as a supply chain intermediary selling food products to franchisees. Runs a small number of company-owned stores.

Geographic exposure

U.S. and Canada (company-operated supply chain). International markets served through master franchisee agreements granting geographic development rights.

Source: SEC 10-K, filed 2026-02-23

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