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

Cheesecake Factory's Operating Expenses history runs 18 years deep, the most recent figure standing at $923.8 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 5.55% year-over-year to $923.8 million; the TTM figure through Mar 2026 stood at $3.6 billion (up 5.44% YoY), while the FY2025 annual figure was $3.6 billion, up 4.73% from the prior year.
• Operating Expenses came in at $923.8 million for Q1 2026 at Cheesecake Factory, roughly flat from $928.3 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.
• A 5-year average of $855.3 million and a median of $848.6 million in 2024 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses grew 23.73% in 2022 and slipped 10.29% in 2024, its largest moves.
• Cheesecake Factory's Operating Expenses stood at $786.2 million in 2022, then gained by 3.18% to $811.2 million in 2023, then gained by 7.79% to $874.3 million in 2024, then grew by 6.18% to $928.3 million in 2025, then decreased by 0.49% to $923.8 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $923.8 million, $928.3 million, and $870.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

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