NYSE$ARCO
Arcos Dorados Holdings Inc · Q3 2025 earnings
Q3 2025 earnings · · Before market open · Investor relations
Briefing
Arcos Dorados reported strong third quarter results, driven by a significant tax credit in Brazil and solid revenue growth across its divisions.
Arcos Dorados delivered strong Q3 2025 results with a notable surge in net income, primarily supported by a $125M tax credit in Brazil. Revenue climbed to $1.2B and adjusted EBITDA rose significantly year-over-year. Digital channels and loyalty programs continued contributing significantly to performance.
- Net income surged to $150.4M, helped by a $125.2M tax credit in Brazil.
- Total revenue reached $1.2B, up from $1.13B in Q3 2024.
- Digital sales made up 61% of systemwide sales.
- Loyalty program members grew to 23.6 million, up nearly 50% YoY.
Headline financials
Revenue & EPS history
Arcos Dorados · Revenue · Quarterly
$1.19B
Revenue by segment
Arcos Dorados · $1.22B total across 3 segments · Q1 2026
- Brazil$471M—38.8%
- SLAD$422M—34.7%
- NOLAD$323M—26.5%
Forward guidance
Arcos Dorados aims to finish 2025 strongly, focusing on operational efficiency, sustainable growth, and cash generation despite mixed macroeconomic dynamics.
Tailwinds
- Federal tax credit expected to benefit future cash flow starting 2026
- Digital and marketing strategy helping expand market share
- High rate of restaurant modernization (72%)
- 22 new restaurants opened in Q3, including 19 free-standing
- Strong growth in loyalty program across 7 countries
Headwinds
- Food and paper costs remain elevated year-over-year
- Comparable sales growth slowed significantly from prior year (12.7% vs 32.1%)
- Brazil’s comparable sales growth decelerated to 1.0%
- NOLAD operating income declined YoY
- Free cash flow not explicitly reported, suggesting reinvestment or cash strain
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2025
+1.0%
Avg return
Earnings day
-0.3%
Avg return
5 days after
-0.6%
Avg return
30 days after
51%
30 / 59 earnings
Positive
+22.0%
Q4 2016
Best reaction
-19.0%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +12.0% | +8.3% | +5.7% | |
| Q4 2026 | -0.4% | +5.4% | +0.1% | |
| Q3 2025 | +5.3% | +0.4% | +3.7% | |
| Q2 2025 | +9.8% | +6.2% | -2.3% | |
| Q1 2025 | -5.6% | -6.0% | -7.4% | |
| Q4 2024 | +5.4% | +7.9% | -7.4% | |
| Q3 2024 | +4.8% | +4.3% | -6.0% | |
| Q2 2024 | -5.2% | -6.9% | -16.0% | |
| Q1 2024 | -6.7% | -8.3% | -18.7% | |
| Q4 2023 | -1.3% | -8.6% | -7.9% | |
| Q3 2023 | +7.1% | +8.6% | +15.6% | |
| Q2 2023 | -6.6% | -5.8% | -4.0% | |
| Q1 2023 | +8.7% | +7.0% | +8.2% | |
| Q4 2022 | -1.1% | -4.0% | -3.9% | |
| Q3 2022 | +2.9% | -0.3% | +3.3% | |
| Q2 2022 | -6.7% | -5.6% | -4.2% | |
| Q1 2022 | +1.9% | +0.1% | -6.4% | |
| Q4 2021 | +2.9% | +6.7% | +3.5% | |
| Q3 2021 | +10.2% | +8.4% | +12.1% | |
| Q2 2021 | -1.5% | -3.7% | -9.0% | |
| Q1 2021 | -5.6% | -3.2% | -2.1% | |
| Q4 2020 | -2.7% | -2.7% | +3.2% | |
| Q3 2020 | -0.7% | +3.2% | +14.3% | |
| Q2 2020 | -0.4% | -3.3% | -14.0% | |
| Q1 2020 | -10.1% | -4.4% | +21.7% | |
| Q4 2019 | -19.0% | -18.5% | -5.9% | |
| Q3 2019 | +4.4% | +4.6% | +7.6% | |
| Q2 2019 | +2.6% | -8.9% | -13.9% | |
| Q1 2019 | -4.2% | -8.1% | +4.9% | |
| Q4 2018 | -3.3% | -4.0% | -9.0% | |
| Q3 2018 | +4.8% | +6.5% | +12.2% | |
| Q2 2018 | -1.5% | -2.9% | -2.9% | |
| Q1 2018 | +4.9% | -4.3% | -9.3% | |
| Q4 2017 | -0.5% | -7.8% | -3.1% | |
| Q3 2017 | +5.4% | +2.4% | -3.1% | |
| Q2 2017 | -2.2% | +0.5% | +0.0% | |
| Q1 2017 | +7.0% | +5.8% | +4.1% | |
| Q4 2016 | +22.0% | +14.2% | +26.0% | |
| Q3 2016 | -0.8% | +0.0% | -1.7% | |
| Q2 2016 | +8.2% | +6.6% | -11.1% | |
| Q1 2016 | +1.1% | — | — | |
| Q4 2015 | +16.7% | — | — | |
| Q3 2015 | +2.0% | — | — | |
| Q2 2015 | -10.1% | — | — | |
| Q1 2015 | -9.8% | — | — | |
| Q4 2014 | +13.9% | — | — | |
| Q2 2014 | -15.2% | — | — | |
| Q4 2013 | +6.5% | — | — | |
| Q3 2013 | +11.3% | — | — | |
| Q2 2013 | +2.0% | — | — | |
| Q4 2012 | +7.4% | — | — | |
| Q3 2012 | -0.5% | — | — | |
| Q4 2010 | -2.9% | — | — | |
| Q4 2009 | -2.9% | — | — | |
| Q4 2011 | -2.9% | — | — | |
| Q2 2012 | +2.6% | — | — | |
| Q1 2012 | +2.6% | — | — | |
| Q3 2011 | -5.4% | — | — | |
| Q2 2011 | +1.2% | — | — | |
| Q1 2011 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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