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

Cheesecake Factory has disclosed Operating Expenses across 18 years of filings, most recently posting $923.8 million for Q1 2026.

• Operating Expenses for Q1 2026 came in at $923.8 million, up 5.55% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.6 billion (up 5.44% YoY), and the FY2025 annual result 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.
• The 5-year median for Operating Expenses is $848.6 million (2024), against an average of $855.3 million.
• Across the five-year window, Operating Expenses climbed 23.73% in 2022 and decreased 10.29% in 2024, its largest moves.
• Cheesecake Factory's 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 retreated by 0.49% to $923.8 million in 2026.
• The last three Operating Expenses figures came in at $923.8 million (Q1 2026), $928.3 million (Q4 2025), and $870.0 million (Q3 2025), per Business Quant data.