Wingstop (WING) Operating Expenses (2014 - 2026)
Wingstop (WING) posted Operating Expenses of $133.3 million for Q1 2026, up 3.46% on a QoQ basis from $128.9 million in Q4 2025, and little changed year-over-year from $132.8 million in Q1 2025.
Wingstop (WING) Operating Expenses (2014 - 2026) Analysis & Trends
Wingstop's Operating Expenses history runs 13 years deep, the most recent figure standing at $133.3 million for Q1 2026.
- Quarterly Operating Expenses changed 0.36% year-over-year to $133.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $518.0 million (up 5.73% YoY) and the FY2025 annual result came in at $517.6 million, up 12.47% from the prior year.
- Operating Expenses was $133.3 million for Q1 2026 at Wingstop, up from $128.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $133.3 million in Q1 2026 and bottomed at $59.6 million in Q1 2022.
- A 5-year average of $101.4 million and a median of $103.1 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 52.59% — and 2026, when it grew 0.36%.
- Wingstop's Operating Expenses stood at $76.0 million in 2022, then climbed by 27.96% to $97.2 million in 2023, then grew by 23.38% to $120.0 million in 2024, then grew by 7.4% to $128.9 million in 2025, then advanced by 3.46% to $133.3 million in 2026.
- Business Quant data shows WING's Operating Expenses at $133.3 million in Q1 2026, $128.9 million in Q4 2025, and $126.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 117.61 Bn | 115.91 Bn | 6.32 Bn | 8.75 Bn |
| 2 | Chipotle Mexican Grill | 41.20 Bn | 40.33 Bn | 2.61 Bn | 2.69 Bn |
| 3 | Yum Brands | 40.68 Bn | 39.99 Bn | 1.38 Bn | 1.42 Bn |
| 4 | Restaurant Brands International | 25.13 Bn | 25.66 Bn | 2.14 Bn | 1.66 Bn |
| 5 | Darden Restaurants | 22.23 Bn | 21.99 Bn | 3.68 Bn | 3.20 Bn |
| 6 | Yum China Holdings | 15.22 Bn | 14.47 Bn | 2.31 Bn | 2.82 Bn |
| 7 | Texas Roadhouse | 12.56 Bn | 12.37 Bn | 1.40 Bn | 1.49 Bn |
| 8 | Dominos Pizza | 10.74 Bn | 10.60 Bn | 478.23 Mn | 115.37 Mn |
| 9 | Dutch Bros | 8.14 Bn | 8.10 Bn | 107.48 Mn | 430.11 Mn |
| 10 | Wingstop | 3.71 Bn | 3.55 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 |