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

Cheesecake Factory has disclosed Operating Margin across 18 years of filings, most recently posting 7.63% for Q2 2026.

• In Q2 2026, Operating Margin rose 85.0% year-over-year to 7.63%; the TTM figure through Jun 2026 stood at 5.27% (down 11.0% YoY), while the FY2025 annual figure was 4.99%, up 1.0% from the prior year.
• Operating Margin came in at 7.63% for Q2 2026 at Cheesecake Factory, up from 5.62% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 7.63% in Q2 2026 to a low of 0.28% in Q3 2022.
• Average Operating Margin over 5 years is 4.51%, with a median of 4.41% recorded in 2024.
• Year-over-year, Operating Margin sank 444 bps in 2022 and soared 257 bps in 2023.
• Over 5 years, Operating Margin stood at 0.28% in 2022, then surged by 915 bps to 2.29% in 2023, then jumped by 121 bps to 5.06% in 2024, then tumbled by 32 bps to 3.46% in 2025, then jumped by 121 bps to 7.63% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 7.63% in Q2 2026, 5.62% in Q1 2026, and 3.46% in Q4 2025.