Wendy's (WEN) Shares Outstanding (Diluted) (2010 - 2026)
Wendy's (WEN) reported Shares Outstanding (Diluted) of 191.21 million for Q2 2026, down 0.8% from 192.71 million a year earlier but up 0.2% from the prior quarter.
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Analysis
Wendy's (WEN) Shares Outstanding (Diluted) (2010 - 2026) Analysis & Trends
For FY2025, Wendy's posted Shares Outstanding (Diluted) of 194.03 million, down 5.6% from FY2024.
- Shares Outstanding (Diluted) has declined for three consecutive years, with a four-year compound annual growth rate of -4.0% (FY2021 to FY2025).
- By year, Shares Outstanding (Diluted) came in at 205.61 million in FY2024 (-2.8%), 211.53 million in FY2023 (-2.0%), 215.84 million in FY2022 and 228.01 million in FY2021.
- Five-year quarterly Shares Outstanding (Diluted) spans a low of 190.9 million in Q1 2026 and a high of 215.84 million in Q4 2022.
- Year over year, Shares Outstanding (Diluted) has now declined in each of the last 11 quarters, with an average decline of 4.1% over the last eight quarters.
- Across the past five years, year-over-year decline in Shares Outstanding (Diluted) ran from 0.8% in Q2 2026 to 6.5% in Q2 2025.
- Per Business Quant data, the three quarters before Q2 2026 came in at 190.9 million (Q1 2026), 194.03 million (Q4 2025) and 191.25 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 164.07 Bn | 158.89 Bn | 6.42 Bn | 711.10 Mn |
| 2 | Starbucks | 108.16 Bn | 95.79 Bn | - | 1.14 Bn |
| 3 | Chipotle Mexican Grill | 40.91 Bn | 36.89 Bn | - | 1.28 Bn |
| 4 | Yum Brands | 37.32 Bn | 34.20 Bn | 1.47 Bn | 277.00 Mn |
| 5 | Restaurant Brands International | 24.36 Bn | 21.46 Bn | 1.38 Bn | 460.00 Mn |
| 6 | Darden Restaurants | 22.52 Bn | 21.62 Bn | -113.70 Mn | 116.30 Mn |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 336.00 Mn |
| 8 | Yum China Holdings | 14.14 Bn | 8.50 Bn | 537.00 Mn | 349.00 Mn |
| 9 | Texas Roadhouse | 10.28 Bn | 9.64 Bn | - | 65.92 Mn |
| 10 | Wendy's | 1.19 Bn | -40.70 Mn | 363.30 Mn | 191.21 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 191.21 Mn |
| Mar 29, 2026 | 190.90 Mn |
| Dec 28, 2025 | 194.03 Mn |
| Sep 28, 2025 | 191.25 Mn |
| Jun 29, 2025 | 192.71 Mn |
| Mar 30, 2025 | 201.62 Mn |
| Dec 29, 2024 | 205.61 Mn |
| Sep 29, 2024 | 204.25 Mn |
| Jun 30, 2024 | 206.19 Mn |
| Mar 31, 2024 | 206.97 Mn |
| Dec 31, 2023 | 211.53 Mn |
| Oct 1, 2023 | 210.60 Mn |
| Jul 2, 2023 | 212.93 Mn |
| Apr 2, 2023 | 215.03 Mn |
| Jan 1, 2023 | 215.84 Mn |
| Oct 2, 2022 | 214.60 Mn |
| Jul 3, 2022 | 215.24 Mn |
| Apr 3, 2022 | 218.17 Mn |
| Jan 2, 2022 | 224.41 Mn |
| Oct 3, 2021 | 225.06 Mn |
API Access
Wendy's Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=WEN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=WEN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();