Cheesecake Factory (CAKE) Operating Expenses (2009 - 2026)
Cheesecake Factory's (CAKE) quarterly Operating Expenses came in at $951.0 million in Q2 2026, up 6.74% year-over-year from $891.0 million in Q2 2025, and up 2.95% quarter-over-quarter from $923.8 million in Q1 2026.
Analysis
Cheesecake Factory (CAKE) Operating Expenses (2009 - 2026) Analysis & Trends
Cheesecake Factory has disclosed Operating Expenses across 18 years of filings, most recently posting $951.0 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 6.74% year-over-year to $951.0 million; the TTM figure through Jun 2026 stood at $3.7 billion (up 5.78% YoY), while the FY2025 annual figure was $3.6 billion, up 4.73% from the prior year.
- Operating Expenses came in at $951.0 million for Q2 2026 at Cheesecake Factory, up from $923.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $974.6 million in Q1 2024 to a low of $765.4 million in Q1 2022.
- Average Operating Expenses over 5 years is $860.9 million, with a median of $851.9 million recorded in 2024.
- Year-over-year, Operating Expenses grew 23.73% in 2022 and slipped 10.29% in 2024.
- Over 5 years, Operating Expenses stood at $786.2 million in 2022, then rose by 3.18% to $811.2 million in 2023, then rose by 7.79% to $874.3 million in 2024, then climbed by 6.18% to $928.3 million in 2025, then advanced by 2.45% to $951.0 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $951.0 million in Q2 2026, $923.8 million in Q1 2026, and $928.3 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Darden Restaurants | 24.00 Bn | 23.78 Bn | 3.68 Bn | 3.20 Bn |
| 2 | Texas Roadhouse | 11.89 Bn | 11.69 Bn | 1.44 Bn | 1.54 Bn |
| 3 | Brinker International | 9.37 Bn | 9.26 Bn | 1.14 Bn | 1.37 Bn |
| 4 | Cheesecake Factory | 4.71 Bn | 4.52 Bn | 756.95 Mn | 951.03 Mn |
| 5 | BJs RESTAURANTS | 1.26 Bn | 1.25 Bn | 289.79 Mn | 370.45 Mn |
| 6 | Cracker Barrel Old Country Store | 1.10 Bn | 1.08 Bn | 556.39 Mn | - |
| 7 | Bloomin' Brands | 742.22 Mn | 675.61 Mn | 709.41 Mn | 977.55 Mn |
| 8 | Super Hi International Holding | 708.98 Mn | 437.25 Mn | - | - |
| 9 | Dine Brands Global | 339.60 Mn | 189.30 Mn | 91.20 Mn | 79.50 Mn |
| 10 | Red Robin Gourmet Burgers | 141.67 Mn | 118.82 Mn | 213.56 Mn | 271.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 951.03 Mn |
| Mar 31, 2026 | 923.79 Mn |
| Dec 30, 2025 | 928.32 Mn |
| Sep 30, 2025 | 869.96 Mn |
| Jul 1, 2025 | 891.00 Mn |
| Apr 1, 2025 | 875.24 Mn |
| Dec 31, 2024 | 874.33 Mn |
| Oct 1, 2024 | 831.77 Mn |
| Jul 2, 2024 | 845.35 Mn |
| Apr 2, 2024 | 851.93 Mn |
| Jan 2, 2024 | 974.64 Mn |
| Oct 3, 2023 | 811.18 Mn |
| Jul 4, 2023 | 818.70 Mn |
| Apr 4, 2023 | 832.19 Mn |
| Sep 27, 2022 | 786.21 Mn |
| Jun 28, 2022 | 804.70 Mn |
| Mar 29, 2022 | 765.39 Mn |
| Dec 28, 2021 | 775.71 Mn |
| Sep 28, 2021 | 723.10 Mn |
| Jun 29, 2021 | 727.84 Mn |