Wendy's annual free cash flow
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Wendy's Free Cash Flow (FCF) History (WEN)
Wendy's reported $242.6M in free cash flow for fiscal 2025, a decrease of 7.01% from the previous fiscal year, with a free cash flow margin of 11.15%.
View full Wendy's company overviewWendy's free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-28 | $242.6M | −$18.3M | −7.01% | +11.15% |
| 2024 | 2024-12-29 | $260.9M | $524,000 | +0.20% | +11.61% |
| 2023 | 2023-12-31 | $260.4M | $86.0M | +49.34% | +11.94% |
| 2022 | 2023-01-01 | $174.4M | −$93.4M | −34.89% | +8.32% |
| 2021 | 2022-01-02 | $267.8M | $52.4M | +24.33% | +14.12% |
| 2020 | 2021-01-03 | $215.4M | $912,000 | +0.43% | +12.42% |
| 2019 | 2019-12-29 | $214.5M | $60.1M | +38.94% | +12.55% |
| 2018 | 2018-12-30 | $154.4M | −$2.7M | −1.73% | +9.71% |
| 2017 | 2017-12-31 | $157.1M | $113.3M | +258.62% | +12.84% |
| 2016 | 2017-01-01 | $43.8M | $21.1M | +93.03% | +3.05% |
| 2015 | 2016-01-03 | $22.7M | $66.4M | — | +1.21% |
| 2014 | 2014-12-28 | −$43.7M | −$149.3M | — | −2.19% |
| 2013 | 2013-12-29 | $105.6M | $112.8M | — | +4.36% |
| 2012 | 2012-12-30 | −$7.2M | −$107.1M | — | −0.29% |
| 2011 | 2012-01-01 | $100.0M | $21.7M | +27.69% | +4.11% |
| 2010 | 2011-01-02 | $78.3M | −$114.9M | −59.49% | +3.30% |
| 2009 | 2010-01-03 | $193.2M | $226.6M | — | +7.93% |
| 2008 | 2008-12-28 | −$33.4M | — | — | −1.83% |
Wendy's quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-28 | $81.0M | $41.8M | +106.54% | +14.20% |
| Q1 2026 | 2026-03-29 | $47.5M | −$20.2M | −29.86% | +8.79% |
| Q4 2025 | 2025-12-28 | $31.4M | $4.8M | +18.03% | +5.78% |
| Q3 2025 | 2025-09-28 | $104.3M | −$19.1M | −15.46% | +18.97% |
| Q2 2025 | 2025-06-29 | $39.2M | $10.9M | +38.28% | +6.99% |
| Q1 2025 | 2025-03-30 | $67.7M | −$14.9M | −18.03% | +12.94% |
| Q4 2024 | 2024-12-29 | $26.6M | −$20.0M | −42.87% | +4.63% |
| Q3 2024 | 2024-09-29 | $123.3M | $20.8M | +20.32% | +21.76% |
| Q2 2024 | 2024-06-30 | $28.4M | −$42.2M | −59.83% | +4.97% |
| Q1 2024 | 2024-03-31 | $82.6M | $41.9M | +102.86% | +15.45% |
| Q4 2023 | 2023-12-31 | $46.6M | $4.8M | +11.50% | +8.61% |
| Q3 2023 | 2023-10-01 | $102.5M | $37.1M | +56.84% | +18.62% |
| Q2 2023 | 2023-07-02 | $70.6M | $11.8M | +20.14% | +12.57% |
| Q1 2023 | 2023-04-02 | $40.7M | $32.2M | +380.03% | +7.70% |
| Q4 2022 | 2023-01-01 | $41.8M | $7.2M | +20.98% | +7.78% |
| Q3 2022 | 2022-10-02 | $65.3M | −$33.2M | −33.72% | +12.27% |
| Q2 2022 | 2022-07-03 | $58.8M | −$448,000 | −0.76% | +10.93% |
| Q1 2022 | 2022-04-03 | $8.5M | −$67.0M | −88.76% | +1.74% |
| Q4 2021 | 2022-01-02 | $34.5M | −$20.0M | −36.68% | +7.29% |
| Q3 2021 | 2021-10-03 | $98.6M | −$61.1M | −38.27% | +20.97% |
| Q2 2021 | 2021-07-04 | $59.2M | $26.1M | +78.59% | +12.00% |
| Q1 2021 | 2021-04-04 | $75.5M | $107.5M | — | +16.40% |
| Q4 2020 | 2021-01-03 | $54.5M | $36.5M | +203.43% | +11.49% |
| Q3 2020 | 2020-09-27 | $159.7M | $91.8M | +135.09% | +35.32% |
| Q2 2020 | 2020-06-28 | $33.2M | −$44.6M | −57.36% | +8.24% |
| Q1 2020 | 2020-03-29 | −$32.0M | −$82.8M | — | −7.90% |
| Q4 2019 | 2019-12-29 | $18.0M | $53.5M | — | +4.21% |
| Q3 2019 | 2019-09-29 | $67.9M | $2.5M | +3.85% | +15.52% |
| Q2 2019 | 2019-06-30 | $77.8M | $11.4M | +17.16% | +17.86% |
| Q1 2019 | 2019-03-31 | $50.8M | −$7.3M | −12.62% | +12.43% |
| Q4 2018 | 2018-12-30 | −$35.6M | −$86.1M | — | −8.94% |
| Q3 2018 | 2018-09-30 | $65.4M | $32.5M | +98.49% | +16.33% |
| Q2 2018 | 2018-07-01 | $66.4M | $20.0M | +43.26% | +16.15% |
| Q1 2018 | 2018-04-01 | $58.1M | $30.8M | +112.90% | +15.28% |
| Q4 2017 | 2017-12-31 | $50.5M | $35.2M | +231.42% | +16.32% |
| Q3 2017 | 2017-10-01 | $33.0M | $41.7M | — | +10.70% |
| Q2 2017 | 2017-07-02 | $46.3M | $21.0M | +82.77% | +14.46% |
| Q1 2017 | 2017-04-02 | $27.3M | $15.4M | +128.53% | +9.55% |
| Q4 2016 | 2017-01-01 | $15.2M | −$77.1M | −83.50% | +4.91% |
| Q3 2016 | 2016-10-02 | −$8.7M | −$16.5M | — | −2.40% |
| Q2 2016 | 2016-07-03 | $25.4M | $63.2M | — | +6.62% |
| Q1 2016 | 2016-04-03 | $11.9M | $51.5M | — | +3.15% |
| Q4 2015 | 2016-01-03 | $92.3M | $120.7M | — | +19.88% |
| Q3 2015 | 2015-09-27 | $7.8M | −$10.4M | −57.10% | +1.68% |
| Q2 2015 | 2015-06-28 | −$37.9M | −$42.7M | — | −7.74% |
| Q1 2015 | 2015-03-29 | −$39.5M | −$1.2M | — | −8.75% |
| Q4 2014 | 2014-12-28 | −$28.4M | −$12.1M | — | −6.01% |
| Q3 2014 | 2014-09-28 | $18.2M | −$42.1M | −69.78% | +3.67% |
| Q2 2014 | 2014-06-29 | $4.8M | −$64.2M | −93.03% | +0.95% |
| Q1 2014 | 2014-03-30 | −$38.3M | −$30.9M | — | −7.32% |
| Q4 2013 | 2013-12-29 | −$16.3M | −$10.8M | — | −3.08% |
| Q3 2013 | 2013-09-29 | $60.3M | $46.4M | +335.19% | +9.41% |
| Q2 2013 | 2013-06-30 | $69.0M | $22.4M | +48.02% | +10.60% |
| Q1 2013 | 2013-03-31 | −$7.4M | $54.8M | — | −1.22% |
| Q4 2012 | 2012-12-30 | −$5.5M | −$15.2M | — | −0.87% |
| Q3 2012 | 2012-09-30 | $13.9M | $298,000 | +2.20% | +2.18% |
| Q2 2012 | 2012-07-01 | $46.6M | −$5.1M | −9.94% | +7.21% |
| Q1 2012 | 2012-04-01 | −$62.1M | −$87.0M | — | −10.48% |
| Q4 2011 | 2012-01-01 | $9.8M | −$13.4M | −57.84% | +1.59% |
| Q3 2011 | 2011-10-02 | $13.6M | $5.5M | +67.41% | +2.22% |
| Q2 2011 | 2011-07-03 | $51.7M | — | — | +8.31% |
| Q1 2011 | 2011-04-03 | $24.9M | — | — | +4.27% |
| Q3 2010 | 2010-10-03 | $23.2M | — | — | +2.69% |
| Q1 2010 | 2010-04-04 | $8.1M | — | — | +0.97% |
Wendy's free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $215.4M to $242.6M, a compound annual growth rate of 2.41%. Wendy's's latest reported quarter, Q2 2026, generated $81.0M in free cash flow, an increase of 106.54% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Wendy's filings at SEC.gov ↗