Filing Flows › Wingstop (WING) › Q2 2026 › vs Q2 2025
Wingstop (WING) Q2 2026 vs Q2 2025 (year over year)
Wingstop's revenue rose $11.2M (+6%) from $174M in Q2 2025 to $186M in Q2 2026. The biggest changes: Royalty revenue, franchise fees and other +$7.0M (+9%); Advertising fees +$2.6M (+4%); Company-owned restaurant sales +$1.7M (+5%). Operating margin 29.4% against 25.9% (+3.5 pts).
Wingstop, Q2 2026: revenue $186M (+6% year over year), operating margin 29.4%, net earnings $31.3M, operating cash flow $6.9M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 29.4% | 25.9% | +3.5 pts |
| Net margin | 16.9% | 15.4% | +1.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Royalty revenue | $78.6M | $72.9M | $5.7M | +8% |
| Franchise fees and other | $8.3M | $7.0M | $1.3M | +18% |
| Royalty revenue, franchise fees and other | $86.8M | $79.9M | $7.0M | +9% |
| Advertising fees | $64.5M | $62.0M | $2.6M | +4% |
| Company-owned restaurant sales | $34.2M | $32.5M | $1.7M | +5% |
| Revenue | $186M | $174M | $11.2M | +6% |
| Operating profit | $54.6M | $45.2M | $9.4M | +21% |
| Costs & expenses | $131M | $129M | $1.8M | +1% |
| Pre-tax earnings | $44.7M | $36.8M | $7.9M | +21% |
| Other expense, net | $10.0M | $8.5M | $1.5M | +18% |
| Cost of revenue | $25.1M | $24.4M | $663K | +3% |
| SG&A | $30.2M | $32.9M | −$2.7M | -8% |
| Other operating costs | $75.6M | $71.8M | $3.9M | +5% |
| Net earnings | $31.3M | $26.8M | $4.5M | +17% |
| Income tax | $13.4M | $10.0M | $3.4M | +34% |
| Operating cash sources | $42.4M | $39.2M | $3.2M | +8% |
| Depreciation & amortization | $7.2M | $6.2M | $992K | +16% |
| Share-based compensation | $3.9M | $6.2M | −$2.3M | -37% |
| Working capital & other | $35.5M | $32.6M | $2.9M | +9% |
| Operating cash flow | $6.9M | $6.6M | $338K | +5% |
| Capital expenditures | $18.2M | $14.4M | $3.9M | +27% |
| Negative free cash flow (OCF − capex) | $11.3M | $7.8M | $3.5M | +45% |
Questions
How much did Wingstop's revenue grow year over year in Q2 2026?
Wingstop's revenue rose $11.2M (+6%) from $174M in Q2 2025 to $186M in Q2 2026.
What drove Wingstop's revenue change in Q2 2026?
Royalty revenue, franchise fees and other +$7.0M (+9%); Advertising fees +$2.6M (+4%); Company-owned restaurant sales +$1.7M (+5%).