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Cheesecake Factory (CAKE) operating margin by quarter

Cheesecake Factory's operating margin was 7.2% in Q3 2026 (third quarter 2026), -0.4 pts from Q2 2026. Over the last 7 quarters it ranged from 3.5% (Q4 2025) to 7.6% (Q2 2026).

Cheesecake Factory operating margin by quarterCheesecake Factory operating margin by quarter5.6%Q1 20256.8%Q2 20254.1%Q3 20253.5%Q4 20255.6%Q1 20267.6%Q2 20267.2%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 20267.2%-0.4 pts+3.1 pts
Q2 20267.6%+2.0 pts+0.9 pts
Q1 20265.6%+2.2 pts+0.0 pts
Q4 20253.5%-0.7 pts—
Q3 20254.1%-2.7 pts—
Q2 20256.8%+1.2 pts—
Q1 20255.6%——

Q3 2026 at a glance

Cheesecake Factory, Q3 2026: revenue $1.0B (+14% year over year), operating margin 7.2%, net earnings $61.3M, operating cash flow $125M. The chart follows the revenue to costs, profit and cash.

Questions

What is Cheesecake Factory's operating margin?

Cheesecake Factory's operating margin was 7.2% in Q3 2026 (third quarter 2026), -0.4 pts from Q2 2026.

How has Cheesecake Factory's operating margin changed?

Over the last 7 quarters it ranged from 3.5% (Q4 2025) to 7.6% (Q2 2026).

Q3 2026 results → · How Cheesecake Factory makes money →