Wendy's (WEN) Rent Expense (2016 - 2025)

Wendy's' Rent Expense history spans 10 years, with the latest figure at $31.5 million for Q4 2025.

For Q4 2025, Rent Expense rose 1.48% year-over-year to $31.5 million; the TTM value through Dec 2025 reached $125.8 million, down 1.31%, while the annual FY2025 figure was $125.8 million, 1.31% down from the prior year.
Rent Expense reached $31.5 million in Q4 2025 per WEN's latest filing, up from $30.9 million in the prior quarter.
In the past five years, Rent Expense ranged from a high of $34.4 million in Q4 2021 to a low of $23.0 million in Q1 2023.
Average Rent Expense over 5 years is $31.4 million, with a median of $31.8 million recorded in 2023.
Peak YoY movement for Rent Expense: dropped 11.15% in 2022, then surged 32.33% in 2023.
A 5-year view of Rent Expense shows it stood at $34.4 million in 2021, then fell by 7.95% to $31.7 million in 2022, then fell by 3.84% to $30.5 million in 2023, then rose by 1.87% to $31.0 million in 2024, then increased by 1.48% to $31.5 million in 2025.
Per Business Quant, the three most recent readings for WEN's Rent Expense are $31.5 million (Q4 2025), $30.9 million (Q3 2025), and $32.6 million (Q2 2025).

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