Wendy's (WEN) Tax Rate (2009 - 2026)

Wendy's (WEN) reported Tax Rate of 33.52% for Q1 2026, up 496.0% on a YoY basis from 5.62% in Q1 2025, and up 65.78% quarter-over-quarter from 20.22% in Q4 2025.

Wendy's (WEN) Tax Rate (2009 - 2026) Analysis & Trends

Wendy's has reported Tax Rate for 18 years, with the latest figure at 33.52% in Q1 2026.

  • For the quarter ending Q1 2026, Tax Rate rose 496.0% year-over-year to 33.52%; the trailing twelve-month figure through Mar 2026 stood at 28.06% (down 95.0% YoY), and the FY2025 full-year result was 27.36%, down 130.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 33.52%, up from 20.22% in the prior quarter.
  • The five-year high for Tax Rate was 45.98% in Q1 2023, with the low at 20.22% in Q4 2025.
  • Historically, Tax Rate has averaged 28.7% across 5 years, with a median of 27.39% in 2025.
  • Annual changes were most pronounced in 2022 — Tax Rate surged 772 bps — and 2023, when it plunged 1574 bps.
  • Wendy's' Tax Rate stood at 26.89% in 2022, then gained by 12 bps to 30.24% in 2023, then climbed by 8 bps to 32.61% in 2024, then sank by 38 bps to 20.22% in 2025, then surged by 66 bps to 33.52% in 2026.
  • The last three Tax Rate figures came in at 33.52% (Q1 2026), 20.22% (Q4 2025), and 30.02% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Starbucks 114.58 Bn 112.88 Bn 9.40 Bn 29.84
2 Chipotle Mexican Grill 42.15 Bn 41.28 Bn 2.61 Bn 25.38
3 Yum Brands 42.13 Bn 41.44 Bn 1.38 Bn 16.28
4 Restaurant Brands International 25.46 Bn 25.99 Bn 2.14 Bn 7.87
5 Darden Restaurants 24.75 Bn 24.51 Bn 3.31 Bn 12.95
6 Yum China Holdings 15.17 Bn 13.74 Bn 3.24 Bn 27.21
7 Texas Roadhouse 11.72 Bn 11.53 Bn 1.40 Bn 14.31
8 Dominos Pizza 10.51 Bn 10.28 Bn 464.51 Mn 22.60
9 Cava 10.34 Bn 9.94 Bn 797.57 Mn 19.05
10 Wendy's 1.29 Bn 994.30 Mn 339.59 Mn 33.52

Historic Data

Download Data
DateValue
Mar 29, 2026 33.52%
Mar 29, 2026 33.52%
Dec 28, 2025 20.22%
Dec 28, 2025 20.22%
Sep 28, 2025 30.02%
Sep 28, 2025 30.02%
Jun 29, 2025 27.39%
Jun 29, 2025 27.39%
Mar 30, 2025 28.56%
Mar 30, 2025 28.56%
Dec 29, 2024 32.61%
Dec 29, 2024 32.61%
Sep 29, 2024 27.89%
Sep 29, 2024 27.89%
Jun 30, 2024 26.97%
Jun 30, 2024 26.97%
Mar 31, 2024 26.91%
Mar 31, 2024 26.91%
Dec 31, 2023 30.24%
Dec 31, 2023 30.24%