Filing Flows › Wendy's (WEN) › Q2 2026
Wendy's (WEN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Wendy's (WEN) reported revenue of $571M for the second quarter 2026 (Q2 2026), +2% from a year earlier and +6% from the quarter before. Operating margin was 13.9%, net earnings $32.6M (5.7% of revenue).
Wendy's, Q2 2026: revenue $571M (+2% year over year), operating margin 13.9%, net earnings $32.6M, operating cash flow $101M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $571M | +6% | +2% |
| Operating profit | $79.3M | +22% | -24% |
| Net earnings | $32.6M | +44% | -41% |
| Operating cash flow | $101M | +69% | +66% |
| Free cash flow | $81.0M | +71% | +107% |
What changed
Revenue was $570.6M in Q2 2026, up 2% year over year and up 6% from the previous quarter. Sales was the largest line at 42% of revenue. Advertising funds revenue added $16.1M year over year (up 14%), 167% of the total change. Franchise rental income declined 12%.
Operating profit was $79.3M, a 13.9% margin (down 4.7 points year over year). Operating profit fell $25.0M even though revenue rose $9.6M versus Q2 2025, so costs grew faster than sales. Total costs grew 8% against revenue growth of 2%. The fastest-growing cost line was General & admin (+11%). Net earnings were $32.6M, down 41% year over year. The effective tax rate was 32.8%.
Operating cash flow was $100.6M (up 66% year over year), 308% of net earnings. Non-cash charges added back $38.1M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items added $26.9M. Capital expenditures of $19.6M left free cash flow of $81.0M.
Questions
What was Wendy's revenue in the second quarter 2026?
Wendy's (WEN) reported revenue of $571M for the second quarter 2026 (Q2 2026), +2% from a year earlier and +6% from the quarter before.
Was Wendy's profitable in the second quarter 2026?
Operating profit was $79.3M (13.9% of revenue) and net earnings $32.6M.
Source: Wendy's 10-Q on SEC EDGAR.