Cheesecake Factory (CAKE) Operating Expenses (2009 - 2026)

For the trailing twelve months through Jun 30, 2026, Operating Expenses at Cheesecake Factory was $3.67 billion, up 5.8% year-over-year; for FY2025, it was $3.56 billion, up 4.7% from FY2024.

• Annual Operating Expenses shows a five-year compound annual growth rate of 8.9% (FY2020 to FY2025).
• In prior years, Cheesecake Factory's Operating Expenses was $3.4 billion in FY2024 (+2.2%), $3.33 billion in FY2023 and $2.85 billion in FY2021 (+22.1%).
• The Q2 2026 figure stands as the highest quarterly Operating Expenses since Q4 2023.
• On a year-over-year basis, Operating Expenses has increased in each of the last six quarters, with growth averaging 3.0% over the last seven quarters.
• The strongest year-over-year quarter for Operating Expenses in the past five years was Q3 2021, with growth of 30.9%; the weakest was Q4 2024, with a decline of 10.3%.
• According to Business Quant data, Operating Expenses for the three prior quarters was $923.79 million (Q1 2026), $928.32 million (Q4 2025) and $869.96 million (Q3 2025).