KPIs & Operating Metrics(New)
Growth Metrics

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

Wendy's (WEN) has disclosed Operating Expenses for 17 consecutive years, with $479.0 million as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses changed 0.15% year-over-year to $479.0 million, compared with a TTM value of $1.8 billion through Dec 2025, down 2.22%, and an annual FY2025 reading of $1.8 billion, down 2.22% over the prior year.
  • Operating Expenses was $479.0 million for Q4 2025 at Wendy's, up from $457.5 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $608.5 million in Q1 2023 and bottomed at $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.
  • The sharpest move saw Operating Expenses rose 20.43% in 2022, then decreased 25.38% in 2023.
  • Year by year, Operating Expenses 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.
  • Business Quant data shows Operating Expenses for WEN at $479.0 million in Q4 2025, $457.5 million in Q3 2025, and $456.7 million in Q2 2025.