FinEdge Labs
W

WEN

WENUnverified
3 segments tracked|7 years of data|Annual (10-K)
Total Revenue
$2.2B3.1%
FY2025
Operating Segments
3
Active segments
Blended Margin
29.5%
Operating margin
Highest Margin
46.2%
Global Real Estate Development
Segment Shift

Global Real Estate Development has grown from 13.2% to 11.0% of total revenue since FY2018, with 46.2% operating margins. Meanwhile, Wendys International is the fastest growing at +5.7% YoY.

Segment Revenue Over Time

Revenue Mix

Segment Breakdown — FY2025

SegmentRevenueOp. IncomeMargin% of TotalYoY
Wendys U.S.$1.8B$489M27.4%82.0%-4.0%
Global Real Estate Development$239M$110M46.2%11.0%-1.3%
Wendys International$153M$43M28.2%7.0%+5.7%

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