Wendy's (WEN) Gross Margin (2009 - 2026)
Wendy's (WEN) posted Gross Margin of 63.67% for Q2 2026, down 1.29 percentage points from 64.97% a year earlier but up 0.86 percentage points from the prior quarter.
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Analysis
Wendy's (WEN) Gross Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 28, 2026, Gross Margin at Wendy's was 63.00%, down 2.13 percentage points year-over-year; for FY2025, it came in at 63.63%, down 1.51 percentage points from FY2024.
- Annual Gross Margin shows a four-year change of -0.90 percentage points (FY2021 to FY2025).
- In prior years, Wendy's' Gross Margin was 65.14% in FY2024 (+1.55 pp), 63.58% in FY2023 (+0.48 pp), 63.10% in FY2022 and 64.53% in FY2021.
- Quarterly Gross Margin has run from a low of 53.00% in Q4 2022 to a high of 65.94% in Q4 2024 over five years.
- On a year-over-year basis, Gross Margin has declined in each of the last six quarters, with an average year-over-year change of -0.54 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q4 2023, with a gain of 10.49 percentage points; the weakest was Q4 2025, with a drop of 3.29 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 62.81% (Q1 2026), 62.65% (Q4 2025) and 62.83% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 165.31 Bn | 160.13 Bn | 6.42 Bn | 90.42% |
| 2 | Starbucks | 108.61 Bn | 96.24 Bn | - | - |
| 3 | Chipotle Mexican Grill | 40.32 Bn | 36.30 Bn | - | - |
| 4 | Yum Brands | 37.73 Bn | 34.61 Bn | 1.47 Bn | 67.73% |
| 5 | Restaurant Brands International | 24.95 Bn | 22.05 Bn | 1.38 Bn | 54.64% |
| 6 | Darden Restaurants | 22.46 Bn | 21.57 Bn | -113.70 Mn | -3.06% |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 54.64% |
| 8 | Yum China Holdings | 14.17 Bn | 8.53 Bn | 537.00 Mn | 17.11% |
| 9 | Texas Roadhouse | 10.39 Bn | 9.75 Bn | - | - |
| 10 | Wendy's | 1.22 Bn | -14.01 Mn | 363.30 Mn | 63.67% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 63.67% |
| Mar 29, 2026 | 62.81% |
| Dec 28, 2025 | 62.65% |
| Sep 28, 2025 | 62.83% |
| Jun 29, 2025 | 64.97% |
| Mar 30, 2025 | 64.05% |
| Dec 29, 2024 | 65.94% |
| Sep 29, 2024 | 65.48% |
| Jun 30, 2024 | 64.98% |
| Mar 31, 2024 | 64.07% |
| Dec 31, 2023 | 63.48% |
| Oct 1, 2023 | 63.76% |
| Jul 2, 2023 | 64.21% |
| Apr 2, 2023 | 62.83% |
| Jan 1, 2023 | 53.00% |
| Oct 2, 2022 | 63.17% |
| Jul 3, 2022 | 63.32% |
| Apr 3, 2022 | 62.13% |
| Oct 3, 2021 | 68.86% |
| Jul 4, 2021 | 68.75% |
API Access
Wendy's Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=WEN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "WEN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=WEN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();