Wendy's Co income statement WEN

Annual Quarterly

In fiscal 2025, which ended Dec 28, 2025, Wendy's Co reported revenue of $2.2 billion, down 3.1% from the year before. Net income was $165.1 million, a profit margin of 7.6%. Operating income came to $343.5 million, an operating margin of 15.8%. Diluted earnings per share were $0.85. Over the twelve months ended Jun 28, 2026, revenue was $2.2 billion and net income was $126.1 million. Across the 10 fiscal years shown, revenue grew from $1.4 billion in fiscal 2016 to $2.2 billion in fiscal 2025, about 4.7% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

FY 2026
Jun 28, 2026
FY 2025
Dec 28, 2025
FY 2024
Dec 29, 2024
FY 2023
Dec 31, 2023
FY 2022
Jan 1, 2023
FY 2021
Jan 2, 2022
FY 2020
Jan 3, 2021
FY 2019
Dec 29, 2019
FY 2018
Dec 30, 2018
FY 2017
Dec 31, 2017
FY 2016
Jan 1, 2017
Revenue
2,204
-1.0%
2,177
-3.1%
2,246
+3.0%
2,182
+4.1%
2,096
+10.5%
1,897
+9.4%
1,734
+1.5%
1,709
+7.5%
1,590
+30.0%
1,223
-14.8%
1,435
-23.3%
Cost of revenue
815
+5.1%
792
+1.1%
783
-1.4%
794
+2.8%
773
+26.4%
612
-0.5%
615
+2.9%
598
+8.9%
549
+5.9%
518
-31.1%
752
-36.5%
Gross profit
1,388
-4.2%
1,385
-5.3%
1,463
+5.5%
1,387
+4.9%
1,322
+2.9%
1,285
+14.9%
1,119
+0.7%
1,111
+6.7%
1,041
+47.6%
705
+3.2%
683
-0.4%
Selling, general and administrative
264
+2.5%
253
-1.0%
255
+2.1%
250
-2.0%
255
+4.9%
243
+17.4%
207
+3.3%
200
-7.9%
217
+6.8%
204
-14.0%
237
-7.7%
Other operating income (expense)
24
+64.5%
22
+91.7%
12
-16.4%
14
-41.9%
24
+63.7%
14
+72.3%
8
-26.5%
11
+78.8%
6
-26.2%
9
-56.7%
20
+89.6%
Restructuring and impairment
0
+309.6%
-0
-101.5%
9
-7.3%
9
+1218.1%
1
-91.8%
9
-46.7%
16
-5.5%
17
+87.1%
9
-59.8%
23
+123.9%
10
-54.0%
Operating income
300
-20.6%
343
-7.5%
371
-2.8%
382
+8.1%
353
-3.7%
367
+36.3%
269
+2.6%
263
+5.1%
250
+16.4%
215
-31.8%
315
+14.7%
Interest income
—
-2
-15718.2%
0
+100.1%
-10
-591.6%
2
+5302.6%
0
+117.3%
-0
-100.9%
26
-94.3%
451
+16575.4%
3
+273.9%
1
-98.6%
Interest expense
132
126
+2.1%
124
—
—
—
—
—
—
—
—
Other non-operating income (expense)
12
-40.4%
13
-49.4%
25
-15.7%
30
+184.2%
10
+1427.6%
1
-53.0%
1
-81.4%
8
+44.4%
5
+232.8%
2
+63.5%
1
+22.7%
Pretax income
179
-33.9%
227
-16.6%
272
-2.5%
279
+14.7%
244
+1.2%
241
+57.5%
153
-10.9%
171
-70.2%
575
+469.1%
101
-49.9%
202
-13.9%
Income tax
53
-32.7%
62
-20.4%
78
+4.1%
75
+13.4%
66
+64.6%
40
+14.9%
35
+1.2%
35
-69.9%
115
+223.4%
-93
-229.1%
72
-23.5%
Net income
126
-34.4%
165
-15.1%
194
-4.9%
204
+15.3%
177
-11.5%
200
+70.1%
118
-14.0%
137
-70.2%
460
+137.1%
194
+49.7%
130
-19.6%
Basic EPS
0.66
-31.1%
0.85
-10.5%
0.95
-3.1%
0.98
+18.1%
0.83
-8.8%
0.91
+71.7%
0.53
-11.7%
0.60
-68.9%
1.93
+144.3%
0.79
+61.2%
0.49
-2.0%
Diluted EPS
0.66
-31.0%
0.85
-10.5%
0.95
-2.1%
0.97
+18.3%
0.82
-7.9%
0.89
+71.2%
0.52
-10.3%
0.58
-69.1%
1.88
+144.2%
0.77
+57.1%
0.49
+0.0%
Weighted average shares, basic
190
-4.7%
193
-5.4%
204
-2.5%
209
-2.0%
214
-3.4%
221
-1.0%
224
-2.7%
230
-3.3%
238
-2.6%
244
-6.9%
262
-18.8%
Weighted average shares, diluted
191
-4.9%
194
-5.6%
206
-2.8%
212
-2.0%
216
-3.8%
224
-1.6%
228
-3.0%
235
-4.0%
245
-2.9%
252
-5.4%
267
-18.9%
Other measures
Depreciation and amortization
157
+9.4%
152
+6.3%
143
+5.5%
136
+1.8%
133
+6.3%
126
-5.4%
133
+0.8%
132
+2.2%
129
+2.5%
126
+1.1%
124
-19.1%
EBITDA
458
-12.3%
496
-3.7%
515
-0.6%
518
+6.4%
487
-1.2%
492
+22.5%
402
+2.0%
394
+4.1%
379
+11.3%
340
-22.5%
439
+2.5%
Interest coverage
2.27x
2.72x
3.00x
—
—
—
—
—
—
—
—
Margins
Gross margin
63.00%
63.63%
65.14%
63.58%
63.10%
67.76%
64.53%
65.04%
65.50%
57.66%
47.61%
Operating margin
13.63%
15.78%
16.53%
17.51%
16.86%
19.34%
15.53%
15.36%
15.72%
17.55%
21.93%
Pretax margin
8.13%
10.44%
12.13%
12.81%
11.62%
12.68%
8.81%
10.03%
36.16%
8.26%
14.05%
Profit margin
5.72%
7.58%
8.65%
9.37%
8.46%
10.56%
6.80%
8.01%
28.94%
15.86%
9.03%
EBITDA margin
20.76%
22.77%
22.91%
23.73%
23.23%
25.96%
23.19%
23.07%
23.82%
27.83%
30.59%
Effective tax rate
29.64%
27.36%
28.65%
26.83%
27.16%
16.70%
22.88%
20.14%
19.97%
-92.07%
35.73%
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry
Retail-Eating & Drinking Places (SIC 5810)
Listed as
WEN (Nasdaq)
Fiscal year ends
January 3
Incorporated in
DE
Headquarters
Dublin, OH
SEC filer status
Large accelerated filer
SEC CIK
30697
Former names
WENDY'S/ARBY'S GROUP, INC. (until Jun 27, 2011); TRIARC COMPANIES INC (until Sep 25, 2008)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.