Wendy's Financial Statements
NASDAQ: WENConsumer DiscretionaryRestaurantsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Wendy's revenue and earnings
In fiscal 2025, Wendy's generated $2.18 billion in revenue, down 3.1% from fiscal 2024, its first annual decline since 2017. Net income was $165.1 million (-15.1% year over year), for a net margin of 7.6% versus a median of 8.7% in the prior 5 years. Gross margin was 63.6% (down from 65.1%) and operating margin 15.8%.
Diluted earnings per share came in at $0.85, down from $0.95. Over the last 5 fiscal years, WEN's revenue has grown at a 4.7% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Wendy's income statement (annual)
| Fiscal year (USD) | FY 20252025-12-28 | FY 20242024-12-29 | FY 20232023-12-31 | FY 20222023-01-01 | FY 20212022-01-02 | FY 20202021-01-03 | FY 20192019-12-29 | FY 20182018-12-30 | FY 20172017-12-31 | FY 20162017-01-01 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.18B | 2.25B | 2.18B | 2.10B | 1.90B | 1.73B | 1.71B | 1.59B | 1.22B | 1.44B |
| Revenue growth (YoY) | -3.10% | +2.98% | +4.11% | +10.46% | +9.41% | +1.45% | +7.49% | +29.96% | -14.77% | -23.25% |
| Cost of Revenue | 791.72M | 783.21M | 794.49M | 773.17M | 611.68M | 614.91M | 597.53M | 548.59M | 517.93M | 752.08M |
| Gross Profit | 1.39B | 1.46B | 1.39B | 1.32B | 1.29B | 1.12B | 1.11B | 1.04B | 705.47M | 683.34M |
| Operating Expenses | 1.04B | 1.09B | 1.01B | 969.02M | 918.36M | 849.61M | 848.89M | 791.46M | 490.71M | 368.56M |
| Operating Income | 343.45M | 371.36M | 381.98M | 353.31M | 366.96M | 269.31M | 262.58M | 249.89M | 214.76M | 314.78M |
| Interest Expense | 126.47M | 123.88M | 124.06M | 122.32M | 109.19M | 117.74M | 115.97M | 119.62M | 118.06M | 114.80M |
| Other Income (Expense) | 12.62M | 24.92M | 29.57M | 10.40M | 681.00K | 1.45M | 7.77M | 5.38M | 1.62M | 989.00K |
| Pretax Income | 227.25M | 272.41M | 279.42M | 243.50M | 240.58M | 152.79M | 171.48M | 574.92M | 101.02M | 201.69M |
| Income Tax | 62.17M | 78.06M | 74.98M | 66.14M | 40.19M | 34.96M | 34.54M | 114.80M | -93.01M | 72.07M |
| Net Income | 165.07M | 194.36M | 204.44M | 177.37M | 200.39M | 117.83M | 136.94M | 460.12M | 194.03M | 129.62M |
| Net Income growth (YoY) | -15.07% | -4.93% | +15.26% | -11.49% | +70.07% | -13.95% | -70.24% | +137.14% | +49.69% | -19.56% |
| EPS (Basic) | 0.85 | 0.95 | 0.98 | 0.83 | 0.91 | 0.53 | 0.60 | 1.93 | 0.79 | 0.49 |
| EPS (Diluted) | 0.85 | 0.95 | 0.97 | 0.82 | 0.89 | 0.52 | 0.58 | 1.88 | 0.77 | 0.49 |
| Shares Outstanding (Basic) | 193.41M | 204.35M | 209.49M | 213.77M | 221.38M | 223.68M | 229.94M | 237.80M | 244.18M | 262.21M |
| Shares Outstanding (Diluted) | 194.03M | 205.61M | 211.53M | 215.84M | 224.41M | 228.01M | 235.07M | 244.96M | 252.29M | 266.71M |
| EBITDA | 495.67M | 514.59M | 517.77M | 486.73M | 492.50M | 402.08M | 394.27M | 378.77M | 340.44M | 439.08M |
| Gross Margin | 63.63% | 65.14% | 63.58% | 63.10% | 67.76% | 64.53% | 65.04% | 65.50% | 57.66% | 47.61% |
| Operating Margin | 15.78% | 16.53% | 17.51% | 16.86% | 19.34% | 15.53% | 15.36% | 15.72% | 17.55% | 21.93% |
| Net Margin | 7.58% | 8.65% | 9.37% | 8.46% | 10.56% | 6.80% | 8.01% | 28.94% | 15.86% | 9.03% |
This table shows 10 annual periods of Wendy's's income statement, from FY 2025 back to FY 2016, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow WEN's reporting calendar. What is a income statement?