Wendy's › Financials
Wendy's financials
WENTen years from Wendy’s own SEC filings. Fiscal years end in December.
Income statement
| Jan 2017fiscal year | Dec 2017fiscal year | Dec 2018fiscal year | Dec 2019fiscal year | Jan 2021fiscal year | Jan 2022fiscal year | Jan 2023fiscal year | Dec 2023fiscal year | Dec 2024fiscal year | Dec 2025fiscal year | Last 12 monthsto Jun 2026 | Latest quarterJun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.44B | $1.22B | $1.59B | $1.71B | $1.73B | $1.90B | $2.10B | $2.18B | $2.25B | $2.18B | $2.20B | — |
| Operating income | $314.8M | $214.8M | $249.9M | $262.6M | $269.3M | $367.0M | $353.3M | $382.0M | $371.4M | $343.5M | $300.3M | — |
| Net income | $129.6M | $194.0M | $460.1M | $136.9M | $117.8M | $200.4M | $177.4M | $204.4M | $194.4M | $165.1M | $126.1M | — |
| Earnings per share, diluted | $0.49 | $0.77 | $1.88 | $0.58 | $0.52 | $0.89 | $0.82 | $0.97 | $0.95 | $0.85 | — | — |
Balance sheet
| Jan 2017fiscal year | Dec 2017fiscal year | Dec 2018fiscal year | Dec 2019fiscal year | Jan 2021fiscal year | Jan 2022fiscal year | Jan 2023fiscal year | Dec 2023fiscal year | Dec 2024fiscal year | Dec 2025fiscal year | Last 12 monthsto Jun 2026 | Latest quarterJun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $198.2M | $171.4M | $431.4M | $300.2M | $307.0M | $249.4M | $745.9M | $516.0M | $450.5M | $300.8M | — | $341.2M |
| Total assets | $3.94B | $4.10B | $4.29B | $4.99B | $5.04B | $5.10B | $5.50B | $5.18B | $5.03B | $4.96B | — | $4.88B |
| Debt | $2.51B | $2.75B | $2.33B | $2.28B | $2.25B | $2.38B | $2.85B | $2.76B | $2.74B | $2.76B | — | $2.75B |
| Total liabilities | $3.41B | $3.52B | $3.64B | $4.48B | $4.49B | $4.66B | $5.03B | $4.87B | $4.78B | $4.84B | — | $4.76B |
| Shareholders' equity | $527.7M | $573.2M | $648.4M | $516.4M | $549.6M | $436.4M | $465.7M | $309.8M | $259.4M | $117.4M | — | $120.5M |
Cash flow
| Jan 2017fiscal year | Dec 2017fiscal year | Dec 2018fiscal year | Dec 2019fiscal year | Jan 2021fiscal year | Jan 2022fiscal year | Jan 2023fiscal year | Dec 2023fiscal year | Dec 2024fiscal year | Dec 2025fiscal year | Last 12 monthsto Jun 2026 | Latest quarterJun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $193.8M | $238.8M | $224.2M | $288.9M | $284.4M | $345.8M | $259.9M | $345.4M | $355.3M | $344.5M | $358.5M | — |
| Capital spending | $150.0M | $81.7M | $69.9M | $74.5M | $69.0M | $78.0M | $85.5M | $85.0M | $94.4M | $101.9M | $94.3M | — |
| Free cash flow | $43.8M | $157.1M | $154.4M | $214.5M | $215.4M | $267.8M | $174.4M | $260.4M | $260.9M | $242.6M | $264.2M | — |
| Buybacks | $337.0M | $126.2M | $269.8M | $217.8M | $62.2M | $268.5M | $52.0M | $189.6M | $77.4M | $200.8M | $16.2M | — |
| Dividends | $63.8M | $68.3M | $80.5M | $96.4M | $64.9M | $94.8M | $106.8M | $209.3M | $204.4M | $129.6M | $106.7M | — |
| Returned to shareholders | $400.8M | $194.6M | $350.3M | $314.2M | $127.0M | $363.4M | $158.7M | $398.8M | $281.8M | $330.4M | $122.8M | — |
| Stock-based pay | $18.1M | $20.9M | $17.9M | $18.7M | $18.9M | $22.0M | $24.5M | $23.7M | $23.0M | $14.6M | $12.1M | — |
Where these numbers come from
Every column links to the filing it comes from on EDGAR. Last 12 months adds the latest year to date to the last 10-K and takes away the same months a year earlier. Debt is long-term debt including the part due within a year. A dash means the company did not report that line in a form we can read, never a zero. Market cap uses the latest closing price and the share count from the cover of the latest filing. How we count
Wendy's financials, answered
What is Wendy's market cap?
$1.28B at $6.70 a share, with 190,669,930 shares outstanding as of Jul 31, 2026, from the cover of its latest SEC filing.
How much does Wendy's earn?
Revenue of $2.20B and net income of $126.1M in the last 12 months to Jun 2026.
How much debt does Wendy's have?
Wendy's reported $2.75B of debt and $341.2M of cash and equivalents on its balance sheet in Jun 2026.
Does Wendy's make free cash flow?
Yes. Operating cash flow minus capital spending was $264.2M in the last 12 months to Jun 2026.
How much cash does Wendy's return to shareholders?
$330.4M in buybacks and dividends in fiscal 2025, from the cash flow statement.