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| Date | Value |
|---|---|
| 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% |