Wingstop (WING) Operating Expenses (2014 - 2026)
Wingstop (WING) reported Operating Expenses of $133.3 million for Q1 2026, little changed on a YoY basis from $132.8 million in Q1 2025, and up 3.46% quarter-over-quarter from $128.9 million in Q4 2025.
Wingstop (WING) Operating Expenses (2014 - 2026) Analysis & Trends
Wingstop has reported Operating Expenses for 13 years, with the latest figure at $133.3 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses changed 0.36% year-over-year to $133.3 million; the trailing twelve-month figure through Mar 2026 stood at $518.0 million (up 5.73% YoY), and the FY2025 full-year result was $517.6 million, up 12.47% from the prior year.
- Operating Expenses for Q1 2026 stood at $133.3 million, up from $128.9 million in the prior quarter.
- The five-year high for Operating Expenses was $133.3 million in Q1 2026, with the low at $59.6 million in Q1 2022.
- Historically, Operating Expenses has averaged $101.4 million across 5 years, with a median of $103.1 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 52.59% — and 2026, when it gained 0.36%.
- Wingstop's Operating Expenses stood at $76.0 million in 2022, then gained by 27.96% to $97.2 million in 2023, then advanced by 23.38% to $120.0 million in 2024, then advanced by 7.4% to $128.9 million in 2025, then rose by 3.46% to $133.3 million in 2026.
- The last three Operating Expenses figures came in at $133.3 million (Q1 2026), $128.9 million (Q4 2025), and $126.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 114.58 Bn | 112.88 Bn | 9.40 Bn | 8.75 Bn |
| 2 | Chipotle Mexican Grill | 42.15 Bn | 41.28 Bn | 2.61 Bn | 2.69 Bn |
| 3 | Yum Brands | 42.13 Bn | 41.44 Bn | 1.38 Bn | 1.42 Bn |
| 4 | Restaurant Brands International | 25.46 Bn | 25.99 Bn | 2.14 Bn | 1.66 Bn |
| 5 | Darden Restaurants | 24.75 Bn | 24.51 Bn | 3.31 Bn | 2.94 Bn |
| 6 | Yum China Holdings | 15.17 Bn | 13.74 Bn | 3.24 Bn | 2.82 Bn |
| 7 | Texas Roadhouse | 11.72 Bn | 11.53 Bn | 1.40 Bn | 1.49 Bn |
| 8 | Dominos Pizza | 10.51 Bn | 10.28 Bn | 464.51 Mn | 111.41 Mn |
| 9 | Cava | 10.34 Bn | 9.94 Bn | 797.57 Mn | 272.18 Mn |
| 10 | Wingstop | 4.45 Bn | 4.30 Bn | 159.01 Mn | 133.32 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 28, 2026 | 133.32 Mn |
| Dec 27, 2025 | 128.86 Mn |
| Sep 27, 2025 | 126.78 Mn |
| Jun 28, 2025 | 129.10 Mn |
| Mar 29, 2025 | 132.83 Mn |
| Dec 28, 2024 | 119.98 Mn |
| Sep 28, 2024 | 122.68 Mn |
| Jun 29, 2024 | 114.48 Mn |
| Mar 30, 2024 | 103.05 Mn |
| Dec 30, 2023 | 97.24 Mn |
| Sep 30, 2023 | 86.45 Mn |
| Jul 1, 2023 | 80.72 Mn |
| Apr 1, 2023 | 83.05 Mn |
| Dec 31, 2022 | 76.00 Mn |
| Sep 24, 2022 | 68.59 Mn |
| Jun 25, 2022 | 61.40 Mn |
| Mar 26, 2022 | 59.60 Mn |
| Dec 25, 2021 | 57.81 Mn |
| Sep 25, 2021 | 44.95 Mn |
| Jun 26, 2021 | 55.10 Mn |