Filing Flows › Wingstop (WING) › Q3 2026 › vs Q2 2026
Wingstop (WING) Q3 2026 vs Q2 2026 (quarter over quarter)
Wingstop's revenue fell $433K (-0.2%) from $186M in Q2 2026 to $185M in Q3 2026. The biggest changes: Company-owned restaurant sales +$596K (+2%); Royalty revenue, franchise fees and other −$543K (-0.6%); Advertising fees −$486K (-0.8%). Operating margin 27.4% against 29.4% (-2.1 pts).
Wingstop, Q3 2026: revenue $185M (+5% year over year), operating margin 27.4%, net earnings $29.1M, operating cash flow $61.3M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 27.4% | 29.4% | -2.1 pts |
| Net margin | 15.7% | 16.9% | -1.1 pts |
| Free cash flow margin | 26.9% | -6.1% | +33.0 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Royalty revenue | $78.3M | $78.6M | −$289K | -0.4% |
| Franchise fees and other | $8.0M | $8.3M | −$254K | -3% |
| Royalty revenue, franchise fees and other | $86.3M | $86.8M | −$543K | -0.6% |
| Advertising fees | $64.0M | $64.5M | −$486K | -0.8% |
| Company-owned restaurant sales | $34.8M | $34.2M | $596K | +2% |
| Revenue | $185M | $186M | −$433K | -0.2% |
| Operating profit | $50.7M | $54.6M | −$3.9M | -7% |
| Costs & expenses | $134M | $131M | $3.5M | +3% |
| Pre-tax earnings | $40.0M | $44.7M | −$4.6M | -10% |
| Other expense, net | $10.7M | $10.0M | $690K | +7% |
| Cost of revenue | $27.2M | $25.1M | $2.1M | +9% |
| SG&A | $30.5M | $30.2M | $238K | +0.8% |
| Other operating costs | $76.8M | $75.6M | $1.1M | +1% |
| Net earnings | $29.1M | $31.3M | −$2.2M | -7% |
| Income tax | $10.9M | $13.4M | −$2.4M | -18% |
| Depreciation & amortization | $9.0M | $7.2M | $1.8M | +25% |
| Share-based compensation | $4.1M | $3.9M | $189K | +5% |
| Working capital & other | $19.1M | −$35.5M | $54.6M | — |
| Operating cash flow | $61.3M | $6.9M | $54.4M | +786% |
| Free cash flow (OCF − capex) | $49.7M | −$11.3M | $61.0M | — |
| Capital expenditures | $11.6M | $18.2M | −$6.6M | -36% |
Questions
How much did Wingstop's revenue grow quarter over quarter in Q3 2026?
Wingstop's revenue fell $433K (-0.2%) from $186M in Q2 2026 to $185M in Q3 2026.
What drove Wingstop's revenue change in Q3 2026?
Company-owned restaurant sales +$596K (+2%); Royalty revenue, franchise fees and other −$543K (-0.6%); Advertising fees −$486K (-0.8%).