MARKETS / NYSE / ARCO

NYSE · RETAIL-EATING PLACES · LARGE CAP

Arcos Dorados Holdings Inc. ARCO

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$4.7B

▲ 4.7% YoY

Net income

$212.1M

▲ 42.6% YoY

Free cash flow

$15.0M

In brief

What this company does

Arcos Dorados Holdings Inc. has the exclusive right to own, operate, and grant franchises of McDonald's restaurants in 21 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curaçao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, St. Martin, Trinidad and Tobago, Uruguay, the U.S. Virgin Islands of St. Croix and St. Thomas, and Venezuela. As of December 31, 2025, it operated or franchised 2,520 McDonald's-branded restaurants, representing 5.8% of McDonald's total franchised restaurants worldwide. The company is managed across three geographic divisions: Brazil, NOLAD, and SLAD. Of its restaurants in the Territories, 1,800 (71.4%) were Company-operated and 720 (28.6%) were franchised, as of December 31, 2025. Total revenues for 2025 were $4,678,259 thousand, of which $1,770,301 thousand came from Brazil, $1,266,129 thousand from NOLAD, and $1,641,829 thousand from SLAD. It commenced operations on August 3, 2007, as a result of the Acquisition.

Written from the business description in Arcos Dorados Holdings Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 30 April 2026. Every sentence was checked against that document before publication.

Growth

USD 4.7B

Revenue, FY2025 · full 17-year series below

Revenue $B Net income $B

FY2025 · Revenue 4.7 · Net income 0.2

Compound annual growth

Revenue

+8.9%

+18.7%

+4.4%

+3.0%

Net income

+14.8%

+4.7%

EPS, diluted

+14.7%

+5.7%

Dividend / share

+17.0%

+36.9%

+0.0%

+2.3%

Returned to shareholders

+17.0%

+37.7%

+15.0%

+2.8%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +18.7% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

5 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 7.8% · Net 4.5%

ROE

FY2025 · ROE 33.2%

Gross margin98.1%

Operating margin7.8%

Net margin4.5%

Return on assets6.3%

EBITDAUSD 531.3M

Each USD of equity produced 33 cents of profit this year.

Cash & shareholders

USD 50.6M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 15.0

Net buybacks $M Dividends $M

FY2025 · Dividends 50.6 · Net buybacks —

Dividends paidUSD 50.6M

Net buybacks—

Share of profit23.8%

Consecutive raises—

USD 50.6M in dividends — 24% of the year's profit went back to shareholders.

Total assetsUSD 3.9B

EquityUSD 770.5M

CashUSD 373.4M

Gross debtUSD 1.1B

Net debtUSD 764.2M

Current ratio1.03×

Net debt stands at 99% of equity.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	4.7	4.5	4.3	3.6	2.7	2.0	3.0	3.1	3.3	2.9	3.1	3.7	4.0	3.8	3.7	3.0	2.7
Operating income $B	0.4	0.3	0.3	0.3	0.1	−0.1	0.2	0.1	0.3	0.2	0.1	0.1	0.2	0.2	0.3	0.2	0.2
EBITDA $B	0.5	0.5	0.4	0.4	0.2	0.0	0.3	0.2	0.4	0.3	0.2	0.2	0.3	0.3	0.3	0.3	·
Income tax $B	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	0.2	0.1	0.2	0.1	0.0	−0.1	0.1	0.0	0.1	0.1	−0.1	−0.1	0.1	0.1	0.1	0.1	0.1
Free cash flow $B	0.0	−0.1	0.0	0.1	0.1	−0.1	−0.0	−0.0	0.1	0.1	0.0	0.0	−0.1	−0.1	−0.1	0.1	0.1
EPS, diluted $	1.01	0.71	0.86	0.67	0.22	−0.72	0.38	0.18	0.61	0.37	−0.25	−0.52	0.26	0.55	0.54	0.44	0.33
Dividend / sh $	0.24	0.24	0.19	0.15	·	0.05	0.11	0.10	0.00	0.00	0.24	0.24	0.24	0.24	0.24	0.17	·
Payout %	24	34	22	23	0	−7	28	57	0	0	−24	−46	70	44	49	32	·
ROE %	33.2	29.1	43.2	51.6	21.8	−48.3	19.6	8.3	30.5	24.7	−13.9	−19.0	7.5	16.0	18.8	21.1	17.6
Shares out B	0.21	0.21	0.21	·	0.21	0.21	0.20	0.21	0.21	0.21	0.21	0.21	0.21	0.21	0.21	·	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 65 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 22 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityRetail-Eating Places

Listed onNYSE

Incorporated innot stated in the filings

Fiscal year endsDecember 31

Data on record since2009