Wendy's (WEN) Operating Leases (2019 - 2026)
Wendy's (WEN) recorded Operating Leases of $596.41 million in Q2 2026, down 13.5% from $689.72 million a year earlier and down 4.9% from the prior quarter.
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Analysis
Wendy's (WEN) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Wendy's reported Operating Leases of $660.26 million, down 6.3% from FY2024.
- Annual Operating Leases has declined for three straight years, with a four-year compound annual growth rate of -6.5% (FY2021 to FY2025).
- Across earlier years, Operating Leases came in at $704.33 million in FY2024 (-4.7%), $739.34 million in FY2023 (-6.7%), $792.05 million in FY2022 and $865.33 million in FY2021.
- The Q2 2026 figure is the lowest quarterly Operating Leases in data going back to Q1 2019.
- On a year-over-year basis, Operating Leases has declined for 11 consecutive quarters, with an average decline of 6.6% over the last eight quarters.
- Over the past five years, the year-over-year decline in Operating Leases ranged from 3.4% (Q2 2025) to 13.5% (Q2 2026).
- Per Business Quant, the preceding three quarters came in at $627.21 million (Q1 2026), $660.26 million (Q4 2025) and $679.68 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Mcdonalds | 165.31 Bn | 160.13 Bn | 6.42 Bn |
| 2 | Starbucks | 108.61 Bn | 96.24 Bn | - |
| 3 | Chipotle Mexican Grill | 40.32 Bn | 36.30 Bn | - |
| 4 | Yum Brands | 37.73 Bn | 34.61 Bn | 1.47 Bn |
| 5 | Restaurant Brands International | 24.95 Bn | 22.05 Bn | 1.38 Bn |
| 6 | Darden Restaurants | 22.46 Bn | 21.57 Bn | -113.70 Mn |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn |
| 8 | Yum China Holdings | 14.17 Bn | 8.53 Bn | 537.00 Mn |
| 9 | Texas Roadhouse | 10.39 Bn | 9.75 Bn | - |
| 10 | Wendy's | 1.22 Bn | -14.01 Mn | 363.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 596.41 Mn |
| Mar 29, 2026 | 627.21 Mn |
| Dec 28, 2025 | 660.26 Mn |
| Sep 28, 2025 | 679.68 Mn |
| Jun 29, 2025 | 689.72 Mn |
| Mar 30, 2025 | 683.64 Mn |
| Dec 29, 2024 | 704.33 Mn |
| Sep 29, 2024 | 712.57 Mn |
| Jun 30, 2024 | 714.30 Mn |
| Mar 31, 2024 | 729.09 Mn |
| Dec 31, 2023 | 739.34 Mn |
| Oct 1, 2023 | 753.30 Mn |
| Jul 2, 2023 | 764.63 Mn |
| Apr 2, 2023 | 777.40 Mn |
| Jan 1, 2023 | 792.05 Mn |
| Oct 2, 2022 | 804.63 Mn |
| Jul 3, 2022 | 823.99 Mn |
| Apr 3, 2022 | 833.47 Mn |
| Jan 2, 2022 | 853.33 Mn |
| Oct 3, 2021 | 830.49 Mn |
API Access
Wendy's Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=WEN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "WEN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=WEN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();