Wendy's (WEN) Cost of Revenue (2009 - 2026)
Wendy's (WEN) posted Cost of Revenue of $201.0 million for Q1 2026, down 0.85% on a QoQ basis from $202.8 million in Q4 2025, and up 6.84% year-over-year from $188.2 million in Q1 2025.
Wendy's (WEN) Cost of Revenue (2009 - 2026) Analysis & Trends
Wendy's' Cost of Revenue history runs 18 years deep, the most recent figure standing at $201.0 million for Q1 2026.
- Quarterly Cost of Revenue rose 6.84% year-over-year to $201.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $804.6 million (up 3.25% YoY) and the FY2025 annual result came in at $791.7 million, up 1.09% from the prior year.
- Cost of Revenue was $201.0 million for Q1 2026 at Wendy's, down from $202.8 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $315.7 million in Q1 2023 and bottomed at $185.1 million in Q2 2022.
- A 5-year average of $203.8 million and a median of $197.3 million in 2022 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue soared 33.96% — and 2023, when it tumbled 37.47%.
- Wendy's' Cost of Revenue stood at $196.2 million in 2022, then increased by 0.64% to $197.4 million in 2023, then slipped by 0.94% to $195.6 million in 2024, then advanced by 3.68% to $202.8 million in 2025, then dropped by 0.85% to $201.0 million in 2026.
- Business Quant data shows WEN's Cost of Revenue at $201.0 million in Q1 2026, $202.8 million in Q4 2025, and $204.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 118.45 Bn | 116.75 Bn | 6.32 Bn | 3.21 Bn |
| 2 | Chipotle Mexican Grill | 43.15 Bn | 42.28 Bn | 2.61 Bn | 480.64 Mn |
| 3 | Yum Brands | 41.16 Bn | 40.47 Bn | 1.38 Bn | 677.00 Mn |
| 4 | Restaurant Brands International | 25.91 Bn | 24.90 Bn | 2.14 Bn | 122.00 Mn |
| 5 | Darden Restaurants | 23.64 Bn | 23.42 Bn | 3.68 Bn | 43.20 Mn |
| 6 | Yum China Holdings | 15.80 Bn | 14.37 Bn | 2.31 Bn | 963.00 Mn |
| 7 | Texas Roadhouse | 13.28 Bn | 13.06 Bn | 1.40 Bn | 228.63 Mn |
| 8 | Dominos Pizza | 11.43 Bn | 11.30 Bn | 478.23 Mn | 716.20 Mn |
| 9 | Brinker International | 8.46 Bn | 8.40 Bn | 1.10 Bn | 373.10 Mn |
| 10 | Wendy's | 1.41 Bn | 1.37 Bn | 339.59 Mn | 201.05 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 29, 2026 | 201.05 Mn |
| Mar 29, 2026 | 201.05 Mn |
| Dec 28, 2025 | 202.78 Mn |
| Dec 28, 2025 | 202.78 Mn |
| Sep 28, 2025 | 204.26 Mn |
| Sep 28, 2025 | 204.26 Mn |
| Jun 29, 2025 | 196.52 Mn |
| Jun 29, 2025 | 196.52 Mn |
| Mar 30, 2025 | 188.17 Mn |
| Mar 30, 2025 | 188.17 Mn |
| Dec 29, 2024 | 195.57 Mn |
| Dec 29, 2024 | 195.57 Mn |
| Sep 29, 2024 | 195.64 Mn |
| Sep 29, 2024 | 195.64 Mn |
| Jun 30, 2024 | 199.89 Mn |
| Jun 30, 2024 | 199.89 Mn |
| Mar 31, 2024 | 192.11 Mn |
| Mar 31, 2024 | 192.11 Mn |
| Dec 31, 2023 | 197.43 Mn |
| Dec 31, 2023 | 197.43 Mn |