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Dominos Pizza cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$146M in Q3 2026 · $636M over twelve months

Operating cash flow$168M
Capital spending−$21.8M
Free cash flow+$146M
Cash / net income1.1×
Cash conversion cycle15 days

Analysis

In Q3 2026, Dominos Pizza generated $168M of operating cash flow and spent $21.8M on capital projects, leaving free cash flow of $146M.

Over the twelve months to Sep 6, 2026, operating cash flow was $760M; the largest uses were buybacks ($388M), dividends ($252M), capital spending ($125M); besides operations, cash came from asset & business sales ($27.7M), shares issued ($15.1M); the cash balance rose by $16.6M.

Operating cash flow was $168M against net income of $152M — 1.1× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$20.7M, stock-based pay +$9.7M, deferred taxes +$6.9M.

Its cash conversion cycle was 15 days (receivables 21 + inventory 10 − payables 16).

Free cash flow

Dominos Pizza: free cash flow by quarterDominos Pizza: free cash flow by quarter$127MQ2 2024$146MQ3 2024$164MQ1 2025$167MQ2 2025$164MQ3 2025$147MQ1 2026$167MQ2 2026$146MQ3 2026
Operating cash flow less capital spending.
Dominos Pizza: operating cash flow against capital spendingDominos Pizza: operating cash flow against capital spendingOperating cash flowCapital spending$151M$23.5MQ2 2024$173M$27.1MQ3 2024$179M$14.7MQ1 2025$188M$20.5MQ2 2025$185M$21.4MQ3 2025$162M$15.0MQ1 2026$191M$24.0MQ2 2026$168M$21.8MQ3 2026
Latest (Q3 2026): Operating cash flow $168M, Capital spending $21.8M.

Capital allocation, year by year

Dominos Pizza: where the cash came from (up) and went (down), by fiscal yearDominos Pizza: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksDividendsFY2021: Operating cash flow $654MFY2021: Net borrowing $937MFY2021: Shares issued $19.7MFY2021: Asset sales $16KFY2021: Capital spending −$94.2MFY2021: Buybacks −$1.3BFY2021: Dividends −$139M$1.6BFY2021FY2022: Operating cash flow $475MFY2022: Net borrowing −$59.9MFY2022: Shares issued $3.3MFY2022: Asset sales $41.1MFY2022: Capital spending −$87.2MFY2022: Buybacks −$294MFY2022: Dividends −$158M$520MFY2022FY2023: Operating cash flow $591MFY2023: Net borrowing −$40.8MFY2023: Shares issued $8.7MFY2023: Asset sales $161KFY2023: Capital spending −$105MFY2023: Buybacks −$269MFY2023: Dividends −$170M$600MFY2023FY2024: Operating cash flow $625MFY2024: Net borrowing −$17.6MFY2024: Shares issued $36.0MFY2024: Asset sales $74KFY2024: Capital spending −$113MFY2024: Buybacks −$330MFY2024: Dividends −$210M$661MFY2024FY2025: Operating cash flow $792MFY2025: Net borrowing −$154MFY2025: Shares issued $18.8MFY2025: Asset sales $8.6MFY2025: Capital spending −$121MFY2025: Buybacks −$358MFY2025: Dividends −$237M$819MFY2025
Over these 5 years operating cash flow totalled $3.1B; the largest uses were buybacks ($2.6B) and dividends ($914M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$126M
Debt$14.6M
Net cash$111M
Due within a year$6.1M

Dominos Pizza funds itself: free cash flow was $636M over the last twelve months, and $126M of cash and investments stands against $14.6M of debt ($6.1M due within a year, 20.5× covered by cash).

Dominos Pizza: debt maturities by year (FY2025)Dominos Pizza: debt maturities by year (FY2025)$6.1MYear 1$1.3BYear 2$831MYear 3$653MYear 4$505MYear 5$1.5BAfter year 5
Principal due in each year as disclosed in the annual report, against $126M of cash and investments now.

Where the cash came from and went

Dominos Pizza: sources (+) and uses (−) of cash, Q3 2026Dominos Pizza: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$168MBuybacks−$73.6MDividends−$66.1MCapital spending−$21.8MCash drawn (+) / kept (−)−$21.6MAsset & business sales$12.4MShares issued$6.2MNet borrowing (+) / repaid (−)−$2.5MTaxes on employees’ shares−$1.3MExchange rates$482KOther investing−$135K
Dominos Pizza: sources (+) and uses (−) of cash, TTM to Q3 2026Dominos Pizza: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$760MBuybacks−$388MDividends−$252MCapital spending−$125MAsset & business sales$27.7MCash drawn (+) / kept (−)−$16.6MShares issued$15.1MTaxes on employees’ shares−$14.7MNet borrowing (+) / repaid (−)−$5.9MOther investing−$1.3MOther financing−$152KExchange rates−$43K

From profit to cash

Dominos Pizza: net income to operating cash flow, Q3 2026Dominos Pizza: net income to operating cash flow, Q3 2026Net income$152MDepreciation & amortization$20.7MStock-based pay$9.7MDeferred taxes$6.9MGains on disposals$685KOther operating capital−$3.9MOperating cash flow$168M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202621101615
Q2 20262181515
Q1 20262391616
Q3 20252191514
Q2 20252291615
Q1 20252391319
Q3 20242291317
Q2 20242291417

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$168M−$21.8M−$73.6M−$66.1M−$2.5M$6.2M−$21.6M$146M
Q2 2026$191M−$24.0M−$160M−$66.8M−$1.4M$1.1M$52.6M$167M
Q1 2026$162M−$15.0M−$75.1M−$1.5M−$1.7M$1.9M−$65.4M$147M
Q3 2025$185M−$21.4M−$74.7M−$59.2M−$1.1B$563K$133M$164M
Q2 2025$188M−$20.5M−$153M−$59.6M−$1.2M$4.8M−$10.7M$167M
Q1 2025$179M−$14.7M−$50.0M−$617K−$1.3M$7.5M−$112M$164M
Q3 2024$173M−$27.1M−$190M−$52.9M−$1.2M$3.2M$96.1M$146M
Q2 2024$151M−$23.5M—−$52.8M−$1.2M$20.7M−$91.0M$127M

Dominos Pizza: income statement and cash flow

Dominos Pizza, Q3 2026: revenue $1.2B (+3% year over year), operating margin 20.4%. The chart follows the revenue to costs, profit and cash.

Dominos Pizza: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.