Stocks Consumer discretionary WEN
NASDAQ · Consumer discretionaryWendy's Co (WEN)
Wendy's Co brought in $2.2B of revenue over the twelve months to September 27, 2026, down 0.3% from a year earlier. Net income was $96.9M, a net margin of 4.4%. Operating cash flow minus capital spending left $242.6M of free cash flow in fiscal 2025. At September 27, 2026 it held $373.7M in cash against $2.7B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about Wendy's Co
- Net worth
- Wendy's Co has a market value (market cap) of $1.6B at the latest share price, and shareholders' equity of $124.5M on its balance sheet at September 27, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $2.2B (-3.1% year on year), with net income of $165.1M. Over the 12 months to September 27, 2026: revenue $2.2B, net income $96.9M.
- Cash flow
- In fiscal 2025 operations brought in $344.5M of cash; after $101.9M of capital spending, free cash flow was $242.6M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 27, 2026. Open on SEC EDGAR
- Next earnings report
- Wendy's Co's next report is expected around February 12, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Wendy's Co paid dividends of $0.67 per share in fiscal 2025, a yield of 8.03% at the current price.
What Wendy's Co does
Wendy's Co is registered with the SEC under industry code SIC 5810 (Retail-Eating & Drinking Places). Its shares trade on NASDAQ under the ticker WEN.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $2.2B | $165.1M | $0.85 | $242.6M |
| 2024 | $2.2B | $194.4M | $0.95 | $260.9M |
| 2023 | $2.2B | $204.4M | $0.97 | $260.4M |
| 2022 | $2.1B | $177.4M | $0.82 | $174.4M |
| 2021 | $1.9B | $200.4M | $0.89 | $267.8M |
| 2020 | $1.7B | $117.8M | $0.52 | $215.4M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where WEN ranks in Consumer discretionary
Dividends
Wendy's Co paid $0.67 per share in fiscal 2025. At the current price that is a yield of 8.03%. It paid out $129.6M in cash dividends, 79% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $0.67 | $129.6M | 79% |
| 2024 | $1.00 | $204.4M | 105% |
| 2023 | $1.00 | $209.3M | 102% |
| 2022 | $0.50 | $106.8M | 60% |
| 2021 | $0.43 | $94.8M | 47% |
| 2020 | $0.29 | $64.9M | 55% |
Latest SEC filings
What Wendy's Co has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Quarterly report 10-Q · period to September 27, 2026Revenue was flat at $547M versus the same quarter last year; diluted EPS $0.08 versus $0.23.
- November 5, 2026
- November 5, 2026
- October 28, 2026Activist stake changed SCHEDULE 13D/A
- August 17, 2026
- August 7, 2026Quarterly report 10-Q · period to June 28, 2026Revenue rose 1.7% to $570.6M versus the same quarter last year; diluted EPS $0.17 versus $0.29.
- August 7, 2026
- July 31, 2026Passive stake (5% or more) SCHEDULE 13G
- July 30, 2026Passive stake changed SCHEDULE 13G/A
- July 28, 2026
What is WEN worth? A DCF from its reported cash flow
Insider trades
What the people running Wendy's Co did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 4 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 29, 2026 | Peltz Bradley G.Director | Received as pay | 3,318 | $24.6K |
| September 29, 2026 | May Peter WDirector, 10% owner | Received as pay | 4,009 | $29.7K |
| August 15, 2026 | Radkoski Lindsay J.CMO, U.S. | Exercised options | 2,767 | - |
| August 15, 2026 | Radkoski Lindsay J.CMO, U.S. | Shares withheld for tax | 806 | $7K |
| August 12, 2026 | Suerken Peter J. JRPresident, U.S. | Exercised options | 7,963 | - |
| August 12, 2026 | Suerken Peter J. JRPresident, U.S. | Shares withheld for tax | 2,318 | $20.1K |
| August 12, 2026 | Min JohnChief Legal Ofcr & Secretary | Exercised options | 44,404 | - |
| August 12, 2026 | Min JohnChief Legal Ofcr & Secretary | Shares withheld for tax | 12,589 | $109K |
Who owns WEN
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Nelson Peltz13D, may seek influence with 11 related filers | 16.23% | October 28, 2026 |
| Vanguard Portfolio Management13G, passive | 5.48% | July 31, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 403 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Trian Fund Management, L.P. | 30,468,434 | +22,412 |
| BlackRock, Inc. | 26,314,724 | +4,576,075 |
| Vanguard Portfolio Management LLC | 10,301,732 | +1,039,931 |
| Fairfax Financial Holdings Ltd/ Can | 8,005,627 | +4,736,725 |
| Charles Schwab Investment Management Inc | 7,523,646 | +1,025,723 |
| Vanguard Capital Management LLC | 6,924,310 | +100,873 |
| Wells Fargo & Company | 6,684,034 | -228,752 |
| State Street Corp | 6,566,985 | +1,101,063 |
| Harris Associates L P | 5,587,137 | -342,664 |
| Geode Capital Management, LLC | 4,270,644 | +1,313,451 |
| Morgan Stanley | 3,995,468 | -3,595,586 |
| Northern Trust Corp | 3,518,292 | +746,138 |
| Dimensional Fund Advisors LP | 3,499,298 | +22,562 |
| Healthcare of Ontario Pension Plan Trust Fund | 2,475,000 | -1,275,000 |
| UBS Group AG | 2,392,515 | -284,541 |
| Bank of New York Mellon Corp | 2,280,217 | +121,686 |
| Point72 Asset Management, L.P. | 1,915,535 | +1,901,097 |
| Hotchkis & Wiley Capital Management LLC | 1,911,960 | +251,060 |
| Goldman Sachs Group Inc | 1,869,697 | +702,543 |
| Invesco Ltd. | 1,702,730 | +77,188 |
Insiders
17 insiders reported holding 6,730,232 shares in total, about $56.1M at the last price.
| Holder | Shares |
|---|---|
| May Peter WDirector, 10% owner | 5,571,285 |
| Rothschild PeterDirector | 199,121 |
| Wunsch E.J.President, International | 131,764 |
| Esposito LilianaChf Corp Affrs & Sustnblty Ofc | 122,257 |
| Winkleblack Arthur BDirector | 118,819 |
| O'Brien Matthew ColeyChief People Officer | 106,587 |
| Mathews-Spradlin Mich JDirector | 98,740 |
| Radkoski Lindsay J.CMO, U.S. | 63,168 |
| Gomez Richard H.Director | 62,310 |
| Peltz Bradley G.Director | 52,272 |
Questions about WEN
What does Wendy's Co do?
Wendy's Co is a company in the Consumer discretionary sector, listed on NASDAQ as WEN. Its shares trade on NASDAQ under the ticker WEN.
What is Wendy's Co's net worth?
Wendy's Co has a market value (market cap) of $1.6B at the latest share price, and shareholders' equity of $124.5M on its balance sheet at September 27, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Wendy's Co profitable?
Yes. Over the twelve months to September 27, 2026 it reported net income of $96.9M on revenue of $2.2B, a net margin of 4.4%.
How much revenue does Wendy's Co make?
Over the twelve months to September 27, 2026 Wendy's Co reported revenue of $2.2B. That is 0.3% less than a year earlier.
When did Wendy's Co last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 27, 2026.
When is Wendy's Co's next earnings report?
Wendy's Co's next report is expected around February 12, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Wendy's Co pay a dividend?
Yes. Wendy's Co paid dividends of $0.67 per share in fiscal 2025, a yield of 8.03% at the current price.
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Where the numbers come from
Financial figures are the values Wendy's Co tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.