The financials
The Wendy's Company by the numbers
The Wendy's Company (WEN) reported revenue of $541M in Q1 2026 (quarter ended March 29, 2026), up 3.3% from the same quarter a year earlier. That came with a gross margin of 63% and net income of $23M (4.2% of revenue). For the full year FY2025, revenue was $2.18B (−3.1% year on year) and net income $165M. Its largest product in 2026-Q2 was Franchise Royalty Revenueand Fees at $150M, 33% of the disclosed total, just ahead of Advertising at 28%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $541M | $523M | +3.3% |
| Gross profit | $340M | $335M | +1.3% |
| Operating income | $65M | $83M | −22% |
| Net income | $23M | $39M | −42% |
| Diluted EPS | $0.12 | $0.19 | −37% |
| Product | Revenue | Share |
|---|---|---|
| Franchise Royalty Revenueand Fees | $150M | 33% |
| Advertising | $127M | 28% |
| Royalty | $104M | 23% |
| Real Estate | $53M | 12% |
| Franchise | $22M | 4.8% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $456.4M (+3.6%)
Advertising grew +14% year on yearReal Estate -12% year on year
Segment Latestquarter on quarteryear on year
- Franchise Royalty Revenue and Fees$149.8M$149.8MQoQ +1.3%year on year -4.2%+1.3%-4.2%
- Advertising$127.4M$127.4MQoQ +18%year on year +14%+18%+14%
- Royalty$103.7M$103.7MQoQ +6.6%year on year -8.1%+6.6%-8.1%
- Real Estate$53.4M$53.4MQoQ -9.4%year on year -12%-9.4%-12%
- Franchise$22.1M$22.1MQoQ -22%year on year +5.5%-22%+5.5%