Wendy's (WEN) Tax Rate (2009 - 2026)
Wendy's' (WEN) quarterly Tax Rate came in at 33.52% in Q1 2026, up 496.0% YoY from 5.62% in Q1 2025, and up 65.78% on a QoQ basis from 20.22% in Q4 2025.
Analysis
Wendy's (WEN) Tax Rate (2009 - 2026) Analysis & Trends
Wendy's (WEN) has 18 years of Tax Rate data on file, last reported at 33.52% in Q1 2026.
- Quarterly Tax Rate rose 496.0% year-over-year to 33.52% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 28.06% (down 95.0% YoY) and the FY2025 annual result came in at 27.36%, down 130.0% from the prior year.
- Tax Rate rose to 33.52% in Q1 2026, from 20.22% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 45.98% in Q1 2023 to a low of 20.22% in Q4 2025.
- A 5-year average of 28.7% and a median of 27.39% in 2025 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2022 — Tax Rate surged 772 bps — and 2023, when it plunged 1574 bps.
- Tracing WEN's Tax Rate over 5 years: 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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 181.46 Bn | 180.64 Bn | 6.42 Bn | 19.55% |
| 2 | Starbucks | 119.15 Bn | 115.53 Bn | 6.49 Bn | 26.38% |
| 3 | Chipotle Mexican Grill | 47.22 Bn | 46.55 Bn | 2.35 Bn | 24.33% |
| 4 | Yum Brands | 41.34 Bn | 40.66 Bn | 1.47 Bn | -60.04% |
| 5 | Restaurant Brands International | 27.92 Bn | 26.86 Bn | 1.89 Bn | -12.33% |
| 6 | Darden Restaurants | 25.01 Bn | 24.79 Bn | 3.68 Bn | 12.41% |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | -12.33% |
| 8 | Yum China Holdings | 15.19 Bn | 13.80 Bn | 2.22 Bn | 25.99% |
| 9 | Texas Roadhouse | 12.42 Bn | 12.22 Bn | 1.44 Bn | 13.53% |
| 10 | Wendy's | 1.52 Bn | 1.18 Bn | 363.30 Mn | 32.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 32.84% |
| Mar 29, 2026 | 33.52% |
| Dec 28, 2025 | 20.22% |
| Sep 28, 2025 | 30.02% |
| Jun 29, 2025 | 27.39% |
| Mar 30, 2025 | 28.56% |
| Dec 29, 2024 | 32.61% |
| Sep 29, 2024 | 27.89% |
| Jun 30, 2024 | 26.97% |
| Mar 31, 2024 | 26.91% |
| Dec 31, 2023 | 30.24% |
| Oct 1, 2023 | 25.54% |
| Jul 2, 2023 | 24.41% |
| Apr 2, 2023 | 27.97% |
| Jan 1, 2023 | 45.98% |
| Oct 2, 2022 | 26.89% |
| Jul 3, 2022 | 26.36% |
| Apr 3, 2022 | 26.42% |
| Oct 3, 2021 | 24.27% |
| Jul 4, 2021 | 18.64% |