The Wendy's Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 28, 2025	Dec '24 Dec 29, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 2, 2022
Revenue	2,177	2,246	2,182	2,096	1,897
Revenue Growth (YoY)	-3.10%	2.98%	4.11%	10.46%	9.41%
Cost of Revenue	791.72	783.21	794.49	773.17	611.68
Gross Profit	1,385	1,463	1,387	1,322	1,285
Selling, General & Admin	675.23	733.34	677.97	685.74	654.72
Depreciation & Amortization Expenses	170.87	157.94	148.57	135.81	125.54
Other Operating Expenses	35.07	30.97	25.25	37.58	58.81
Operating Income	503.99	541.03	535.3	463.21	446.25
Interest Income	-1.72	0.01	-10.36	2.11	0.04
Interest Expense	-126.47	-123.88	-124.06	-122.32	-109.19
Other Non-Operating Income (Expense)	11.98	24.92	31.85	10.4	-17.24
Total Non-Operating Income (Expense)	-116.21	-98.95	-102.57	-109.81	-126.38
Pretax Income	387.79	442.08	432.74	353.4	319.86
Provision for Income Taxes	62.17	78.06	74.98	66.14	40.19
Net Income	325.62	364.03	357.76	287.27	279.68
Net Income to Common	325.62	364.03	357.76	287.27	279.68
Net Income Growth	-10.55%	1.75%	24.54%	2.71%	13.31%
Shares Outstanding (Basic)	193	204	209	214	221
Shares Outstanding (Diluted)	194	206	212	216	224
Shares Change (YoY)	-5.63%	-2.80%	-1.99%	-3.82%	-1.58%
EPS (Basic)	0.85	0.95	0.98	0.83	0.91
EPS (Diluted)	0.85	0.95	0.97	0.82	0.89
EPS Growth	-10.53%	-2.06%	18.29%	-7.87%	71.15%
Free Cash Flow	242.62	260.92	260.4	174.36	267.79
Free Cash Flow Growth	-7.02%	0.20%	49.34%	-34.89%	24.33%
Free Cash Flow Per Share	1.25	1.27	1.23	0.81	1.19
Dividends Per Share	0.670	1.000	1.000	0.500	0.430
Dividend Growth	-33.00%	-	100.00%	16.28%	48.28%
Gross Margin	63.63%	65.14%	63.58%	63.10%	67.76%
Operating Margin	23.15%	24.08%	24.54%	22.10%	23.52%
Profit Margin	14.96%	16.20%	16.40%	13.71%	14.74%
FCF Margin	11.15%	11.61%	11.94%	8.32%	14.12%
EBITDA	674.86	698.96	683.87	599.02	571.79
EBITDA Margin	31.00%	31.11%	31.35%	28.59%	30.14%
EBIT	503.99	541.03	535.3	463.21	446.25
EBIT Margin	23.15%	24.08%	24.54%	22.10%	23.52%
Effective Tax Rate	16.03%	17.66%	17.33%	18.71%	12.56%

Updated Dec 28, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.