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How do fast food chains make money?

Most big fast food brands don't run most of their restaurants. Together, Starbucks, McDonald's, Chipotle, Restaurant Brands International, Yum! Brands, Domino's and Wendy's took in $101 billion in their latest years and kept $15.4 billion in profit, $15.24 of every $100.

From each company's latest Form 10-K. Page updated November 8, 2026.

Most big fast food brands don't run most of their restaurants. Franchisees pay them royalties on sales, rent and ad fees, which is why their profit per $100 is so high. Chipotle and Starbucks run their own U.S. stores instead, so their revenue is the food itself.

CompanyRevenueNet profitKept per $100Biggest line
Starbucks$37.2B$1.9B$4.99North America cafes
McDonald's$26.9B$8.6B$31.85Big international markets
Chipotle$11.9B$1.5B$12.88—
Restaurant Brands International$9.4B$1.1B$11.39—
Yum! Brands$8.2B$1.6B$18.98KFC
Domino's$4.9B$602M$12.18Selling supplies to franchisees
Wendy's$2.2B$165M$7.58—

Where each company's money comes from.

Starbucks
North America cafes$27.4B74% of total
International cafes$7.8B21% of total
Grocery and partners$1.9B5% of total
How Starbucks makes money
McDonald's
Big international markets$13.6B51% of total
United States$10.8B40% of total
Licensed markets$2.4B9% of total
How McDonald's makes money