Wendy's WEN
NASDAQ WEN
$8.03 +0.15 (+1.90%)
As of: Sep 4, 2026 · 3:59 PM EDT

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

Wendy's' (WEN) quarterly Operating Margin came in at 12.01% in Q1 2026, down 387.0% YoY from 4.18% in Q1 2025, and up 1.85% on a QoQ basis from 11.79% in Q4 2025.

Analysis

Wendy's (WEN) Operating Margin (2009 - 2026) Analysis & Trends

Wendy's (WEN) has 18 years of Operating Margin data on file, last reported at 12.01% in Q1 2026.

  • Quarterly Operating Margin fell 387.0% year-over-year to 12.01% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 14.82% (down 188.0% YoY) and the FY2025 annual result came in at 15.78%, down 75.0% from the prior year.
  • Operating Margin grew to 12.01% in Q1 2026, from 11.79% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 19.46% in Q3 2023 to a low of 9.42% in Q1 2023.
  • A 5-year average of 16.0% and a median of 16.71% in 2024 frame the typical range for Operating Margin.
  • Annual changes were most pronounced in 2022 — Operating Margin plunged 779 bps — and 2023, when it soared 661 bps.
  • Tracing WEN's Operating Margin over 5 years: stood at 18.43% in 2022, then retreated by 13 bps to 16.02% in 2023, then grew by 4 bps to 16.72% in 2024, then decreased by 29 bps to 11.79% in 2025, then increased by 2 bps to 12.01% in 2026.
  • The last three Operating Margin figures came in at 12.01% (Q1 2026), 11.79% (Q4 2025), and 16.75% (Q3 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Mcdonalds 181.46 Bn 180.64 Bn 6.42 Bn 47.02%
2 Starbucks 119.15 Bn 115.53 Bn 6.49 Bn 10.52%
3 Chipotle Mexican Grill 47.22 Bn 46.55 Bn 2.35 Bn 15.70%
4 Yum Brands 41.34 Bn 40.66 Bn 1.47 Bn 30.20%
5 Restaurant Brands International 27.92 Bn 26.86 Bn 1.89 Bn 28.41%
6 Darden Restaurants 25.01 Bn 24.79 Bn 3.68 Bn 13.90%
7 Restaurant Brands International Limited Partnership 17.24 Bn 16.18 Bn 1.89 Bn 28.41%
8 Yum China Holdings 15.19 Bn 13.80 Bn 2.22 Bn 11.09%
9 Texas Roadhouse 12.42 Bn 12.22 Bn 1.44 Bn 8.50%
10 Wendy's 1.52 Bn 1.18 Bn 363.30 Mn 13.90%
Historic Data

Historic Data

Download Data
DateValue
Jun 28, 2026 13.90%
Mar 29, 2026 12.01%
Dec 28, 2025 11.79%
Sep 28, 2025 16.75%
Jun 29, 2025 18.59%
Mar 30, 2025 15.88%
Dec 29, 2024 16.72%
Sep 29, 2024 16.71%
Jun 30, 2024 17.44%
Mar 31, 2024 15.18%
Dec 31, 2023 16.02%
Oct 1, 2023 18.45%
Jul 2, 2023 19.46%
Apr 2, 2023 15.98%
Jan 1, 2023 9.42%
Oct 2, 2022 18.43%
Jul 3, 2022 17.90%
Apr 3, 2022 15.32%
Oct 3, 2021 17.05%
Jul 4, 2021 25.69%