The Wendy's Company (WEN) income statement
NASDAQ · Consumer Cyclical · Restaurants · 14,900 employees · CEO Robert D. Wright
- Price
- $7.21 +0.63%
- Market cap
- $1.37B
- Enterprise value
- $5.11B
- Last report
- Q2 '26 filed 2026-08-07
- Next report
- 2026-11-05 EPS est. $0.09
The Wendy's Company (WEN) reported revenue of $571M for Q2 '26 (+1.7% year on year), operating income of $79.3M (13.9% of revenue) and net income of $32.6M. Over the last four quarters revenue was $2.2B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $551M | $541M | $535M | $571M | $567M | $574M | $523M | $561M | $550M | $543M | $541M | $571M | |
| Cost of revenue | $391M | $485M | $381M | $408M | $411M | $249M | $375M | $394M | $404M | $412M | $402M | $386M | |
| Gross profit | $160M | $55.7M | $154M | $162M | $155M | $325M | $148M | $166M | $145M | $131M | $138M | $185M | |
| General & administrative | $22.8M | -$67.1M | $29.2M | $22.5M | $25.1M | $186M | $29.7M | $22.6M | $57.9M | $67.1M | $32.4M | $66.2M | |
| Other operating expenses | $35.6M | $36.2M | $43.8M | $40.4M | $35.6M | $43.5M | $35.2M | $39.6M | $0 | $0 | $42.1M | $39.4M | |
| Operating expenses | $58.4M | -$30.9M | $73M | $62.9M | $60.7M | $229M | $64.9M | $62.2M | $57.9M | $67.1M | $74.5M | $106M | |
| Operating income | $102M | $86.6M | $81.2M | $99.5M | $94.7M | $96M | $83.1M | $104M | $87.6M | $64.4M | $63.9M | $79.3M | |
| Interest expense | $31M | $30.3M | $30.5M | $31M | $31.3M | $31.1M | $31.5M | $30.9M | $31.5M | $32.5M | $34.1M | $33.9M | |
| Other non-operating income (gains on investments, FX ...) | -$7.32M | -$10.9M | -$6.84M | -$6.31M | -$6.25M | -$5.54M | $28.2M | -$2.59M | -$7.19M | -$1.33M | -$4.4M | -$3.13M | |
| Total non-operating income | -$23.6M | -$19.3M | -$23.7M | -$24.7M | -$25M | -$25.5M | -$28.2M | -$28.4M | -$24.4M | -$31.2M | -$29.7M | -$30.7M | |
| Income before tax | $78M | $67.3M | $57.5M | $74.8M | $69.7M | $70.5M | $54.9M | $75.9M | $63.2M | $33.2M | $34.2M | $48.6M | |
| Income tax | $19.9M | $20.4M | $15.5M | $20.2M | $19.4M | $23M | $15.7M | $20.8M | $19M | $6.71M | $11.5M | $16M | |
| Net income | $58M | $46.9M | $42M | $54.6M | $50.2M | $47.5M | $39.2M | $55.1M | $44.3M | $26.5M | $22.7M | $32.6M | |
| EPS (basic) | $0.28 | $0.23 | $0.20 | $0.27 | $0.25 | $0.23 | $0.20 | $0.29 | $0.23 | $0.14 | $0.12 | $0.17 | |
| EPS (diluted) | $0.28 | $0.23 | $0.20 | $0.27 | $0.25 | $0.23 | $0.19 | $0.29 | $0.23 | $0.14 | $0.12 | $0.17 | |
| Shares (basic, weighted) | 209M | 206M | 205M | 205M | 204M | 204M | 201M | 192M | 192M | 190M | 190M | 190M | |
| Shares (diluted, weighted) | 211M | 208M | 207M | 206M | 204M | 205M | 202M | 193M | 193M | 191M | 191M | 191M | |
| Depreciation & amortization | $38.1M | $39.6M | $39.1M | $41M | $40.6M | $37.3M | $42.3M | $41M | $43.6M | $45.5M | $45.3M | $42.6M | |
| EBITDA | $147M | $137M | $127M | $147M | $141M | $139M | $97.2M | $148M | $138M | $111M | $114M | $125M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.44B | $1.22B | $1.59B | $1.71B | $1.73B | $1.9B | $2.1B | $2.18B | $2.25B | $2.18B | |
| Cost of revenue | $827M | $622M | $987M | $1.1B | $1.11B | $1.36B | $1.37B | $1.41B | $1.46B | $1.59B | |
| Gross profit | $609M | $601M | $603M | $606M | $621M | $537M | $721M | $776M | $790M | $585M | |
| General & administrative | $237M | $204M | $217M | $200M | $207M | $81.4M | $255M | $250M | $255M | $253M | |
| Other operating expenses | $57.1M | $183M | $122M | $143M | $145M | $88.3M | $112M | $145M | $163M | $0 | |
| Operating expenses | $294M | $386M | $340M | $343M | $352M | $170M | $367M | $394M | $419M | $253M | |
| Operating income | $315M | $215M | $250M | $263M | $269M | $367M | $353M | $382M | $371M | $332M | |
| Interest income | $0 | $0 | $736K | $1.1M | $0 | $0 | $0 | $0 | $0 | $1.72M | |
| Interest expense | $115M | $118M | $120M | $116M | $118M | $109M | $122M | $124M | $124M | $126M | |
| Other non-operating income (gains on investments, FX ...) | -$1.71M | -$4.32M | -$445M | -$24.9M | -$1.22M | $17.2M | -$12.5M | -$21.5M | -$24.9M | -$21.4M | |
| Total non-operating income | -$113M | -$114M | $325M | -$91.1M | -$117M | -$126M | -$110M | -$103M | -$98.9M | -$105M | |
| Income before tax | $202M | $101M | $575M | $171M | $153M | $241M | $244M | $279M | $272M | $227M | |
| Income tax | $72.1M | -$93M | $115M | $34.5M | $35M | $40.2M | $66.1M | $75M | $78.1M | $62.2M | |
| Net income | $130M | $194M | $460M | $137M | $118M | $200M | $177M | $204M | $194M | $165M | |
| EPS (basic) | $0.49 | $0.79 | $1.93 | $0.60 | $0.53 | $0.91 | $0.83 | $0.98 | $0.95 | $0.85 | |
| EPS (diluted) | $0.49 | $0.77 | $1.88 | $0.58 | $0.52 | $0.89 | $0.82 | $0.97 | $0.95 | $0.85 | |
| Shares (basic, weighted) | 262M | 244M | 238M | 230M | 224M | 221M | 214M | 209M | 204M | 194M | |
| Shares (diluted, weighted) | 267M | 252M | 245M | 235M | 228M | 224M | 216M | 212M | 206M | 194M | |
| Depreciation & amortization | $124M | $126M | $129M | $132M | $133M | $126M | $136M | $149M | $158M | $171M | |
| EBITDA | $441M | $345M | $823M | $419M | $403M | $475M | $502M | $552M | $554M | $525M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-28, 10-Q 2026-03-29, 10-K 2025-12-28, 10-Q 2025-09-28, 10-Q 2025-06-29, 10-Q 2025-03-30, 10-K 2024-12-29, 10-Q 2024-09-29, 10-Q 2024-06-30
Data as of 2026-11-02