Subway FDDs
This page lists all 12 available Subway Franchise Disclosure Documents (2015–2026), ready for immediate download after checkout. Franchisors must update their FDD annually, so reviewing several years side by side is the fastest way to spot trends before you commit.
From the 2026 Subway FDD: “®The initial investment necessary to begin operation of a single new Subway franchise ranges from $263,000 to $630,000 ($227,000 to $458,000 for a non-traditional location).”
Available Subway FDDs
Subway
2026 Franchise Disclosure Document (FDD)
April 2026
Subway
2025 Franchise Disclosure Document (FDD)
April 2025
Subway
2024 Franchise Disclosure Document (FDD)
April 2024
Subway
2023 Franchise Disclosure Document (FDD)
April 2023
Subway
2022 Franchise Disclosure Document (FDD)
April 2022
Subway
2021 Franchise Disclosure Document (FDD)
April 2021
Subway
2020 Franchise Disclosure Document (FDD)
May 2020
Subway
2019 Franchise Disclosure Document (FDD)
April 2019
Subway
2018 Franchise Disclosure Document (FDD)
May 2018
Subway
2017 Franchise Disclosure Document (FDD)
April 2017
Subway
2016 Franchise Disclosure Document (FDD)
April 2016
Subway
2015 Franchise Disclosure Document (FDD)
April 2015
Note: Purchased FDDs are delivered as instant PDF downloads. The Document Processing Fee covers acquisition, storage, organization, and digital delivery of the document.