The Wendy's Company Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 29, 2026	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	2,194	2,177	2,246	2,182	2,096	1,897
Revenue Growth (YoY)	-1.84%	-3.10%	2.97%	4.11%	10.46%	9.41%
Cost of Revenue	804.6	791.72	783.21	794.49	773.17	611.68
Gross Profit	1,389	1,385	1,463	1,387	1,322	1,285
Selling, General & Admin	686.96	675.23	733.34	677.97	685.74	654.72
Depreciation & Amortization Expenses	175.49	170.87	157.94	148.57	135.81	125.54
Other Operating Expenses	37.16	35.07	30.97	25.25	37.58	58.81
Total Operating Expenses	899.61	881.17	922.25	851.78	859.13	839.07
Operating Income	489.84	503.99	541.03	535.3	463.21	446.25
Interest Income	-	-1.72	0.01	-10.36	2.11	0.04
Interest Expense	-129.1	-126.47	-123.88	-124.06	-122.32	-109.19
Other Non-Operating Income (Expense)	10.99	11.98	24.92	31.85	10.4	-17.24
Total Non-Operating Income (Expense)	-118.11	-116.21	-98.95	-102.57	-109.81	-126.38
Pretax Income	371.73	387.79	442.08	432.74	353.4	319.86
Provision for Income Taxes	57.94	62.17	78.06	74.98	66.14	40.19
Net Income	313.79	325.62	364.03	357.76	287.27	279.68
Net Income to Common	313.79	325.62	364.03	357.76	287.27	279.68
Net Income Growth	-11.67%	-10.55%	1.75%	24.54%	2.71%	13.31%
Shares Outstanding (Basic)	191	193	204	209	214	221
Shares Outstanding (Diluted)	191	194	206	212	216	224
Shares Change (YoY)	-6.33%	-5.63%	-2.80%	-1.99%	-3.82%	-1.58%
EPS (Basic)	0.78	0.85	0.95	0.98	0.83	0.91
EPS (Diluted)	0.78	0.85	0.95	0.97	0.82	0.89
EPS Growth	-17.02%	-10.53%	-2.06%	18.29%	-7.87%	71.15%
Shares Outstanding	190.45	190.32	203.83	205.4	213.1	215.85
Free Cash Flow	222.39	242.62	260.92	260.4	174.36	267.79
Free Cash Flow Growth	-8.34%	-7.02%	0.20%	49.34%	-34.89%	24.33%
Free Cash Flow Per Share	1.16	1.25	1.27	1.23	0.81	1.19
Dividends Per Share	0.560	0.670	1.000	1.000	0.500	0.430
Dividend Growth	-16.42%	-33.00%	-	100.00%	16.28%	48.28%
Gross Margin	63.33%	63.63%	65.14%	63.58%	63.10%	67.76%
Operating Margin	22.33%	23.15%	24.08%	24.54%	22.10%	23.52%
Profit Margin	14.30%	14.96%	16.20%	16.40%	13.71%	14.74%
FCF Margin	10.14%	11.15%	11.61%	11.94%	8.32%	14.12%
EBITDA	665.33	674.86	698.96	683.87	599.02	571.79
EBITDA Margin	30.32%	31.00%	31.11%	31.35%	28.59%	30.14%
EBIT	489.84	503.99	541.03	535.3	463.21	446.25
EBIT Margin	22.33%	23.15%	24.08%	24.54%	22.10%	23.52%
Effective Tax Rate	15.59%	16.03%	17.66%	17.33%	18.71%	12.56%

Updated May 8, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q