# Panda Express - QSR Chain Profile

> Source: https://qsr.pro/chains/panda-express
> Publisher: QSR Pro
> Last content update: 2026-07-03T16:41:58.665264+00:00


American Chinese fast-food chain

American Chinese fast-food chain

## Chain facts

- Founded: 1983
- Headquarters: Rosemead, California
- Segment: fast_casual

## Recorded metrics

- 2019 us unit count: 1878 — QSR Pro estimates
- 2020 us unit count: 1929 — QSR Pro estimates
- 2021 us unit count: 1994 — QSR Pro estimates
- 2022 us unit count: 2045 — QSR Pro estimates
- 2023 us unit count: 2148 — QSR Pro estimates
- 2024 royalty rate: 5 — QSR Pro estimates
- 2024 system sales: 5000000000 — Industry estimates
- 2024 auv: 2500000 — Industry analysis
- 2024 us unit count: 2218 — QSR Pro estimates
- 2024 initial investment min: 465000 — QSR Pro estimates
- 2024 initial investment max: 1209000 — QSR Pro estimates
- 2024 unit count: 2400 — Company reports
- 2025 digital sales pct: 30 — QSR Pro estimates
- 2025 us unit count: 2376 — QSR Pro estimates
- 2025 global unit count: 2400 — QSR Pro estimates
- 2025 franchised pct: 2 — QSR Pro estimates