Filing Flows › Wendy's (WEN) › Q3 2026
Wendy's (WEN) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Wendy's (WEN) reported revenue of $547M for the third quarter 2026 (Q3 2026), -0.5% from a year earlier and -4% from the quarter before. Operating margin was 10.2%, net earnings $15.1M (2.8% of revenue).
Wendy's, Q3 2026: revenue $547M (-0.5% year over year), operating margin 10.2%, net earnings $15.1M, operating cash flow $79.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $547M | -4% | -0.5% |
| Operating profit | $55.8M | -30% | -39% |
| Net earnings | $15.1M | -54% | -66% |
| Operating cash flow | $79.0M | -21% | -39% |
| Free cash flow | $61.7M | -24% | -41% |
What changed
Revenue was $547.0M in Q3 2026, roughly flat year over year and down 4% from the previous quarter. Sales was the largest line at 43% of revenue. Franchise royalty revenue lost $8.4M year over year (down 7%), 333% of the total change.
Operating profit was $55.8M, a 10.2% margin (down 6.5 points year over year). Total costs grew 7% against flat revenue. The fastest-growing cost line was General & admin (+26%). Net earnings were $15.1M, down 66% year over year. The effective tax rate was 40.7%.
Operating cash flow was $79.0M (down 39% year over year), 523% of net earnings. Non-cash charges added back $39.9M of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items added $20.4M. Capital expenditures of $17.3M left free cash flow of $61.7M.
Questions
What was Wendy's revenue in the third quarter 2026?
Wendy's (WEN) reported revenue of $547M for the third quarter 2026 (Q3 2026), -0.5% from a year earlier and -4% from the quarter before.
Was Wendy's profitable in the third quarter 2026?
Operating profit was $55.8M (10.2% of revenue) and net earnings $15.1M.
Source: Wendy's 10-Q on SEC EDGAR.