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	1,421	1,456	1,405	1,375	1,199
Gross Profit	755.87	790.01	776.47	720.76	698.26
Selling, General & Admin	252.68	255.21	249.96	254.98	242.97
Amortization of Goodwill & Intangibles	18.65	14.7	12.78	2.39	-
Other Operating Expenses	-22.07	0.09	-2.95	-5.66	-3.27
Operating Expenses	401.48	413.24	395.58	385.13	365.25
Operating Income	354.39	376.77	380.89	335.63	333.01
Interest Expense	-126.47	-153.07	-155.47	-153.62	-139.83
Interest & Investment Income	-	29.2	31.41	33.41	30.69
Earnings From Equity Investments	-	11.61	10.82	9.42	11.2
Other Non Operating Income (Expenses)	12.62	24.92	29.57	10.4	0.68
EBT Excluding Unusual Items	240.55	289.44	297.21	235.24	235.75
Merger & Restructuring Charges	0.13	-8.53	-9.2	-0.7	-8.55
Gain (Loss) on Sale of Investments	-1.72	-	-10.36	-	-
Gain (Loss) on Sale of Assets	1.03	1.22	0.88	6.78	33.55
Asset Writedown	-12.1	-9.71	-1.4	-6.42	-2.25
Other Unusual Items	-0.64	-	2.28	-	-17.92
Pretax Income	227.25	272.41	279.42	243.51	240.58
Income Tax Expense	62.17	78.06	74.98	66.14	40.19
Earnings From Continuing Operations	165.08	194.36	204.44	177.37	200.39
Net Income	165.08	194.36	204.44	177.37	200.39
Net Income to Common	165.08	194.36	204.44	177.37	200.39
Net Income Growth	-15.07%	-4.93%	15.26%	-11.49%	70.07%
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 Per Share	1.25	1.27	1.23	0.81	1.19
Dividend Per Share	0.670	1.000	1.000	0.500	0.430
Dividend Growth	-33.00%	-	100.00%	16.28%	48.28%
Gross Margin	34.72%	35.17%	35.59%	34.39%	36.81%
Operating Margin	16.28%	16.77%	17.46%	16.02%	17.55%
Profit Margin	7.58%	8.65%	9.37%	8.46%	10.56%
Free Cash Flow Margin	11.14%	11.62%	11.94%	8.32%	14.12%
EBITDA	506.61	520.01	516.68	469.05	458.55
EBITDA Margin	23.27%	23.15%	23.68%	22.38%	24.17%
D&A For EBITDA	152.22	143.23	135.79	133.41	125.54
EBIT	354.39	376.77	380.89	335.63	333.01
EBIT Margin	16.28%	16.77%	17.46%	16.02%	17.55%
Effective Tax Rate	27.36%	28.65%	26.83%	27.16%	16.70%
Revenue as Reported	2,177	2,246	2,182	2,096	1,897
Advertising Expenses	-	39.05	38.84	37.42	31.62

Updated Feb 13, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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