Wendy's (WEN) Operating Expenses (2009 - 2026)
Wendy's posted quarterly Operating Expenses of $475.7 million for Q1 2026, up 8.03% year-on-year from $440.3 million in Q1 2025, and down 0.68% on a QoQ basis from $479.0 million in Q4 2025.
Wendy's (WEN) has 18 years of Operating Expenses data on file, last reported 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.
- Across five years, Operating Expenses topped out at $608.5 million in Q1 2023 and bottomed at $413.8 million in Q2 2022.
- The 5-year median for Operating Expenses is $454.0 million (2023), against an average of $463.6 million.
- The widest annual swing landed in 2022, when Operating Expenses increased 20.43%; it then retreated 25.38% in 2023.
- A 5-year view of Operating Expenses shows it stood at $434.4 million in 2022, then gained by 4.51% to $454.0 million in 2023, then rose by 5.34% to $478.3 million in 2024, then climbed by 0.15% to $479.0 million in 2025, then declined 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 Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | 8.75 Bn |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | 1.42 Bn |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | 2.69 Bn |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | 1.66 Bn |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | 2.94 Bn |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | 2.82 Bn |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | 1.49 Bn |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | 111.41 Mn |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | 272.18 Mn |
| 10 | Wendy's | 1.49 Bn | 1.19 Bn | 339.59 Mn | 475.72 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Apr 4, 2021 | 377.08 Mn |
| Jan 3, 2021 | 395.75 Mn |
| Sep 27, 2020 | 370.89 Mn |
| Jun 28, 2020 | 341.65 Mn |
| Mar 29, 2020 | 356.23 Mn |
| Dec 29, 2019 | 390.47 Mn |
| Sep 29, 2019 | 358.86 Mn |
| Jun 30, 2019 | 354.78 Mn |
| Mar 31, 2019 | 342.32 Mn |
| Dec 30, 2018 | 352.02 Mn |
| Sep 30, 2018 | 323.20 Mn |
| Jul 1, 2018 | 339.52 Mn |
| Apr 1, 2018 | 325.30 Mn |
| Dec 31, 2017 | 242.66 Mn |
| Oct 1, 2017 | 246.34 Mn |
| Jul 2, 2017 | 294.55 Mn |
| Apr 2, 2017 | 225.10 Mn |
| Jan 1, 2017 | -127.14 Mn |
| Oct 2, 2016 | 257.92 Mn |
| Jul 3, 2016 | 317.07 Mn |
| Apr 3, 2016 | 314.96 Mn |
| Jan 3, 2016 | 5.26 Mn |
| Sep 27, 2015 | 408.69 Mn |
| Jun 28, 2015 | 425.23 Mn |
| Mar 29, 2015 | 413.86 Mn |
| Dec 28, 2014 | 437.40 Mn |
| Sep 28, 2014 | 452.43 Mn |
| Jun 29, 2014 | 444.91 Mn |
| Mar 30, 2014 | 434.18 Mn |
| Dec 29, 2013 | 495.60 Mn |
| Sep 29, 2013 | 613.97 Mn |
| Jun 30, 2013 | 593.55 Mn |
| Mar 31, 2013 | 581.22 Mn |
| Dec 30, 2012 | 597.62 Mn |
| Sep 30, 2012 | 605.13 Mn |
| Jul 1, 2012 | 607.48 Mn |
| Apr 1, 2012 | 572.27 Mn |
| Jan 1, 2012 | 2.28 Bn |
| Oct 2, 2011 | 579.03 Mn |
| Jul 3, 2011 | 575.03 Mn |
| Apr 3, 2011 | 554.45 Mn |
| Oct 3, 2010 | 3.12 Mn |
| Apr 4, 2010 | 811.11 Mn |
| Jan 3, 2010 | -213.18 Mn |
| Sep 27, 2009 | 846.40 Mn |
| Jun 28, 2009 | 856.18 Mn |