Wendy's (WEN) Operating Expenses (2016 - 2025)

Wendy's' Operating Expenses history spans 17 years, with the latest figure at $479.0 million for Q4 2025.

For Q4 2025, Operating Expenses changed 0.15% year-over-year to $479.0 million; the TTM value through Dec 2025 reached $1.8 billion, down 2.22%, while the annual FY2025 figure was $1.8 billion, 2.22% down from the prior year.
Operating Expenses reached $479.0 million in Q4 2025 per WEN's latest filing, up from $457.5 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 $366.6 million in Q3 2021.
Average Operating Expenses over 5 years is $446.8 million, with a median of $450.6 million recorded in 2023.
Peak YoY movement for Operating Expenses: rose 20.43% in 2022, then decreased 25.38% in 2023.
A 5-year view of Operating Expenses shows it stood at $390.1 million in 2021, then grew by 11.38% to $434.4 million in 2022, then increased by 4.51% to $454.0 million in 2023, then grew by 5.34% to $478.3 million in 2024, then grew by 0.15% to $479.0 million in 2025.
Per Business Quant, the three most recent readings for WEN's Operating Expenses are $479.0 million (Q4 2025), $457.5 million (Q3 2025), and $456.7 million (Q2 2025).

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