Wendy's (WEN) Operating Expenses (2009 - 2026)
Wendy's' (WEN) quarterly Operating Expenses came in at $475.7 million in Q1 2026, up 8.03% YoY from $440.3 million in Q1 2025, and down 0.68% on a QoQ basis from $479.0 million in Q4 2025.
Analysis
Wendy's (WEN) Operating Expenses (2009 - 2026) Analysis & Trends
Wendy's (WEN) has 18 years of Operating Expenses data on file, last reported at $475.7 million in Q1 2026.
- Quarterly Operating Expenses rose 8.03% year-over-year to $475.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.9 billion (changed 0.37% YoY) and the FY2025 annual result came in at $1.8 billion, down 2.22% from the prior year.
- Operating Expenses slipped to $475.7 million in Q1 2026, from $479.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $608.5 million in Q1 2023 to a low of $413.8 million in Q2 2022.
- A 5-year average of $463.6 million and a median of $454.0 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses increased 20.43% — and 2023, when it retreated 25.38%.
- Tracing WEN's Operating Expenses over 5 years: stood at $434.4 million in 2022, then rose by 4.51% to $454.0 million in 2023, then increased by 5.34% to $478.3 million in 2024, then advanced by 0.15% to $479.0 million in 2025, then dropped by 0.68% to $475.7 million in 2026.
- The last three Operating Expenses figures came in at $475.7 million (Q1 2026), $479.0 million (Q4 2025), and $457.5 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 181.46 Bn | 180.64 Bn | 6.42 Bn | 3.76 Bn |
| 2 | Starbucks | 119.15 Bn | 115.53 Bn | 6.49 Bn | 8.42 Bn |
| 3 | Chipotle Mexican Grill | 47.22 Bn | 46.55 Bn | 2.35 Bn | 2.82 Bn |
| 4 | Yum Brands | 41.34 Bn | 40.66 Bn | 1.47 Bn | 1.51 Bn |
| 5 | Restaurant Brands International | 27.92 Bn | 26.86 Bn | 1.89 Bn | 1.80 Bn |
| 6 | Darden Restaurants | 25.01 Bn | 24.79 Bn | 3.68 Bn | 3.20 Bn |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 1.80 Bn |
| 8 | Yum China Holdings | 15.19 Bn | 13.80 Bn | 2.22 Bn | 2.79 Bn |
| 9 | Texas Roadhouse | 12.42 Bn | 12.22 Bn | 1.44 Bn | 1.54 Bn |
| 10 | Wendy's | 1.52 Bn | 1.18 Bn | 363.30 Mn | 491.29 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 491.29 Mn |
| Mar 29, 2026 | 475.72 Mn |
| Dec 28, 2025 | 478.96 Mn |
| Sep 28, 2025 | 457.47 Mn |
| Jun 29, 2025 | 456.67 Mn |
| Mar 30, 2025 | 440.35 Mn |
| Dec 29, 2024 | 478.25 Mn |
| Sep 29, 2024 | 472.06 Mn |
| Jun 30, 2024 | 471.22 Mn |
| Mar 31, 2024 | 453.60 Mn |
| Dec 31, 2023 | 454.02 Mn |
| Oct 1, 2023 | 448.95 Mn |
| Jul 2, 2023 | 452.29 Mn |
| Apr 2, 2023 | 444.33 Mn |
| Jan 1, 2023 | 608.46 Mn |
| Oct 2, 2022 | 434.43 Mn |
| Jul 3, 2022 | 441.50 Mn |
| Apr 3, 2022 | 413.76 Mn |
| Oct 3, 2021 | 390.06 Mn |
| Jul 4, 2021 | 366.59 Mn |