Wendy's (WEN) Operating Expenses (2009 - 2026)

Wendy's has reported Operating Expenses for 18 years, with the latest figure at $475.7 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 8.03% year-over-year to $475.7 million; the trailing twelve-month figure through Mar 2026 stood at $1.9 billion (changed 0.37% YoY), and the FY2025 full-year result was $1.8 billion, down 2.22% from the prior year.
• Operating Expenses for Q1 2026 stood at $475.7 million, down from $479.0 million in the prior quarter.
• The five-year high for Operating Expenses was $608.5 million in Q1 2023, with the low at $413.8 million in Q2 2022.
• Historically, Operating Expenses has averaged $463.6 million across 5 years, with a median of $454.0 million in 2023.
• Annual changes were most pronounced in 2022 — Operating Expenses increased 20.43% — and 2023, when it retreated 25.38%.
• Wendy's' Operating Expenses 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.