Wendy's annual operating margin
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2025
Wendy's Operating Margin Growth & History (WEN)
Wendy's's operating margin was 15.78% for fiscal 2025.
View full Wendy's company overviewWendy's annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-28 | 15.78% | −0.75 pp |
| 2024 | 2024-12-29 | 16.53% | −0.98 pp |
| 2023 | 2023-12-31 | 17.51% | +0.65 pp |
| 2022 | 2023-01-01 | 16.86% | −2.48 pp |
| 2021 | 2022-01-02 | 19.34% | +3.81 pp |
| 2020 | 2021-01-03 | 15.53% | +0.17 pp |
| 2019 | 2019-12-29 | 15.36% | −0.35 pp |
| 2018 | 2018-12-30 | 15.72% | −1.84 pp |
| 2017 | 2017-12-31 | 17.55% | −4.38 pp |
| 2016 | 2017-01-01 | 21.93% | +7.25 pp |
| 2015 | 2016-01-03 | 14.68% | +2.54 pp |
| 2014 | 2014-12-28 | 12.14% | +6.39 pp |
| 2013 | 2013-12-29 | 5.75% | +0.85 pp |
| 2012 | 2012-12-30 | 4.90% | −0.74 pp |
| 2011 | 2012-01-01 | 5.64% | −0.69 pp |
| 2010 | 2011-01-02 | 6.33% | +2.33 pp |
| 2009 | 2010-01-03 | 4.01% | +26.70 pp |
| 2008 | 2008-12-28 | −22.69% | — |
Wendy's quarterly operating margin
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Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-28 | 13.90% | −4.69 pp |
| Q1 2026 | 2026-03-29 | 12.01% | −3.87 pp |
| Q4 2025 | 2025-12-28 | 11.79% | −4.93 pp |
| Q3 2025 | 2025-09-28 | 16.75% | +0.05 pp |
| Q2 2025 | 2025-06-29 | 18.59% | +1.15 pp |
| Q1 2025 | 2025-03-30 | 15.88% | +0.70 pp |
| Q4 2024 | 2024-12-29 | 16.72% | +0.70 pp |
| Q3 2024 | 2024-09-29 | 16.71% | −1.75 pp |
| Q2 2024 | 2024-06-30 | 17.44% | −2.02 pp |
| Q1 2024 | 2024-03-31 | 15.18% | −0.80 pp |
| Q4 2023 | 2023-12-31 | 16.02% | +0.36 pp |
| Q3 2023 | 2023-10-01 | 18.45% | +0.03 pp |
| Q2 2023 | 2023-07-02 | 19.46% | +1.56 pp |
| Q1 2023 | 2023-04-02 | 15.98% | +0.65 pp |
| Q4 2022 | 2023-01-01 | 15.66% | −0.59 pp |
| Q3 2022 | 2022-10-02 | 18.43% | +1.37 pp |
| Q2 2022 | 2022-07-03 | 17.90% | −7.79 pp |
| Q1 2022 | 2022-04-03 | 15.32% | −2.74 pp |
| Q4 2021 | 2022-01-02 | 16.25% | −0.31 pp |
| Q3 2021 | 2021-10-03 | 17.05% | −0.93 pp |
| Q2 2021 | 2021-07-04 | 25.69% | +10.61 pp |
| Q1 2021 | 2021-04-04 | 18.06% | +6.03 pp |
| Q4 2020 | 2021-01-03 | 16.56% | +7.97 pp |
| Q3 2020 | 2020-09-27 | 17.99% | −0.06 pp |
| Q2 2020 | 2020-06-28 | 15.08% | −3.43 pp |
| Q1 2020 | 2020-03-29 | 12.03% | −4.18 pp |
| Q4 2019 | 2019-12-29 | 8.59% | −2.92 pp |
| Q3 2019 | 2019-09-29 | 18.05% | −1.26 pp |
| Q2 2019 | 2019-06-30 | 18.51% | +1.12 pp |
| Q1 2019 | 2019-03-31 | 16.22% | +1.70 pp |
| Q4 2018 | 2018-12-30 | 11.51% | −10.02 pp |
| Q3 2018 | 2018-09-30 | 19.31% | −0.71 pp |
| Q2 2018 | 2018-07-01 | 17.39% | +9.34 pp |
| Q1 2018 | 2018-04-01 | 14.52% | −6.72 pp |
| Q4 2017 | 2017-12-31 | 21.53% | −4.03 pp |
| Q3 2017 | 2017-10-01 | 20.02% | −9.13 pp |
| Q2 2017 | 2017-07-02 | 8.05% | −9.10 pp |
| Q1 2017 | 2017-04-02 | 21.24% | +4.39 pp |
| Q4 2016 | 2017-01-01 | 25.56% | +0.51 pp |
| Q3 2016 | 2016-10-02 | 29.14% | +17.10 pp |
| Q2 2016 | 2016-07-03 | 17.15% | +4.02 pp |
| Q1 2016 | 2016-04-03 | 16.85% | +8.46 pp |
| Q4 2015 | 2016-01-03 | 25.05% | +14.86 pp |
| Q3 2015 | 2015-09-27 | 12.04% | +3.13 pp |
| Q2 2015 | 2015-06-28 | 13.14% | +1.05 pp |
| Q1 2015 | 2015-03-29 | 8.39% | −8.62 pp |
| Q4 2014 | 2014-12-28 | 10.19% | +3.94 pp |
| Q3 2014 | 2014-09-28 | 8.91% | +4.72 pp |
| Q2 2014 | 2014-06-29 | 12.09% | +3.33 pp |
| Q1 2014 | 2014-03-30 | 17.01% | +13.29 pp |
| Q4 2013 | 2013-12-29 | 6.25% | +1.13 pp |
| Q3 2013 | 2013-09-29 | 4.18% | −0.72 pp |
| Q2 2013 | 2013-06-30 | 8.76% | +2.82 pp |
| Q1 2013 | 2013-03-31 | 3.72% | +0.20 pp |
| Q4 2012 | 2012-12-30 | 5.12% | +0.36 pp |
| Q3 2012 | 2012-09-30 | 4.90% | −0.40 pp |
| Q2 2012 | 2012-07-01 | 5.94% | −1.68 pp |
| Q1 2012 | 2012-04-01 | 3.53% | −1.28 pp |
| Q4 2011 | 2012-01-01 | 4.76% | +2.40 pp |
| Q3 2011 | 2011-10-02 | 5.30% | +13.58 pp |
| Q2 2011 | 2011-07-03 | 7.62% | +4.48 pp |
| Q1 2011 | 2011-04-03 | 4.81% | −1.48 pp |
| Q3 2010 | 2010-10-03 | 2.36% | +8.55 pp |
| Q2 2010 | 2010-07-04 | −8.29% | — |
| Q1 2010 | 2010-04-04 | 3.14% | — |
| Q3 2009 | 2009-09-27 | 6.29% | — |
| Q2 2009 | 2009-06-28 | −6.19% | — |
Wendy's operating margin trends
Over the last five reported fiscal years, Wendy's's operating margin increased from 15.53% to 15.78%, a change of +0.24 percentage points. The latest reported quarter, Q2 2026, shows 13.90%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Wendy's filings at SEC.gov ↗