Filing Flows › Wingstop (WING) › Q3 2026 › vs Q3 2025
Wingstop (WING) Q3 2026 vs Q3 2025 (year over year)
Wingstop's revenue rose $9.4M (+5%) from $176M in Q3 2025 to $185M in Q3 2026. The biggest changes: Royalty revenue, franchise fees and other +$5.1M (+6%); Company-owned restaurant sales +$2.2M (+7%); Advertising fees +$2.0M (+3%). Operating margin 27.4% against 27.9% (-0.5 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 27.4% | 27.9% | -0.5 pts |
| Net margin | 15.7% | 16.2% | -0.5 pts |
| Free cash flow margin | 26.9% | 35.1% | -8.2 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Royalty revenue | $78.3M | $73.9M | $4.4M | +6% |
| Franchise fees and other | $8.0M | $7.3M | $740K | +10% |
| Royalty revenue, franchise fees and other | $86.3M | $81.2M | $5.1M | +6% |
| Advertising fees | $64.0M | $62.0M | $2.0M | +3% |
| Company-owned restaurant sales | $34.8M | $32.5M | $2.2M | +7% |
| Revenue | $185M | $176M | $9.4M | +5% |
| Operating profit | $50.7M | $49.0M | $1.7M | +4% |
| Costs & expenses | $134M | $127M | $7.7M | +6% |
| Pre-tax earnings | $40.0M | $39.6M | $393K | +1% |
| Other expense, net | $10.7M | $9.3M | $1.3M | +14% |
| Cost of revenue | $27.2M | $24.3M | $2.9M | +12% |
| SG&A | $30.5M | $30.7M | −$185K | -0.6% |
| Other operating costs | $76.8M | $71.8M | $5.0M | +7% |
| Net earnings | $29.1M | $28.5M | $626K | +2% |
| Income tax | $10.9M | $11.2M | −$233K | -2% |
| Depreciation & amortization | $9.0M | $6.2M | $2.8M | +44% |
| Share-based compensation | $4.1M | $6.1M | −$2.0M | -33% |
| Working capital & other | $19.1M | $23.1M | −$3.9M | -17% |
| Operating cash flow | $61.3M | $63.9M | −$2.5M | -4% |
| Free cash flow (OCF − capex) | $49.7M | $61.7M | −$11.9M | -19% |
| Capital expenditures | $11.6M | $2.2M | $9.4M | +422% |
Questions
How much did Wingstop's revenue grow year over year in Q3 2026?
Wingstop's revenue rose $9.4M (+5%) from $176M in Q3 2025 to $185M in Q3 2026.
What drove Wingstop's revenue change in Q3 2026?
Royalty revenue, franchise fees and other +$5.1M (+6%); Company-owned restaurant sales +$2.2M (+7%); Advertising fees +$2.0M (+3%).