Wingstop Inc. (WING) Income Statement
WING 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsWING revenue and net income
Where WING's revenue goes
2025Each bar shows an amount and its share of revenue. WING kept 25.0% of revenue as net income.
WING profit margins
WING growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +11.4% | +24.9% | +22.9% | +24.5% |
| Gross profit | +91.4% | +49.9% | +36.2% | +26.3% |
| Operating income | +16.0% | +27.9% | +27.3% | +25.6% |
| Net income | +60.3% | +48.8% | +49.5% | +32.9% |
| EPS (diluted) | +10.2% | +30.8% | +39.5% | +28.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
WING quarterly EPS vs estimates
Wingstop beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 28, 2026 (estimate $1.04).
WING income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $696.9M | $625.8M | $460.1M | $357.5M | $282.5M | $248.8M | $199.7M | $153.2M | $133.3M | $103.3M |
| Cost of revenue | $121.1M | $324.9M | $237.2M | $186.5M | $141.4M | $125.9M | $101.1M | $65.8M | $61.2M | $39.2M |
| Gross profit | $575.7M | $300.9M | $222.8M | $171.1M | $141.1M | $122.9M | $98.6M | $87.4M | $72.1M | $64.2M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $128.4M | $116.8M | $96.9M | $67.1M | $62.9M | $69.0M | $57.3M | $44.6M | $34.9M | $34.6M |
| Total operating expenses | $383.6M | $135.3M | $110.2M | $79.1M | $67.3M | $65.5M | $55.7M | $48.9M | $38.3M | $37.6M |
| Operating income | $192.2M | $165.6M | $112.6M | $91.9M | $73.8M | $57.4M | $42.9M | $38.5M | $33.9M | $26.6M |
| Interest income | — | — | — | — | — | — | — | — | — | $4.4M |
| Interest expense | $35.8M | $21.3M | $18.2M | $21.2M | $15.0M | $16.8M | $17.1M | $10.1M | $5.1M | $4.4M |
| Income before taxes | $237.2M | $147.2M | $94.3M | $69.3M | $58.9M | $26.9M | $25.8M | $26.9M | $28.7M | $22.0M |
| Income taxes | $62.9M | $38.5M | $24.1M | $16.4M | $16.2M | $3.6M | $5.3M | $5.2M | $4.8M | $8.2M |
| Net income | $174.3M | $108.7M | $70.2M | $52.9M | $42.7M | $23.3M | $20.5M | $21.7M | $23.9M | $13.8M |
| EBITDA | $298.0M | $188.0M | $125.8M | $101.4M | $81.8M | $51.2M | $48.4M | $41.4M | $37.2M | $29.4M |
| EPS (diluted) | $4.12 | $3.74 | $2.49 | $1.84 | $1.35 | $0.78 | $0.73 | $0.84 | $0.74 | $0.59 |
| Gross margin | 82.6% | 48.1% | 48.4% | 47.8% | 49.9% | 49.4% | 49.4% | 57.1% | 54.1% | 62.1% |
| Operating margin | 27.6% | 26.5% | 24.5% | 25.7% | 26.1% | 23.1% | 21.5% | 25.2% | 25.4% | 25.8% |
| Net margin | 25.0% | 17.4% | 15.3% | 14.8% | 15.1% | 9.4% | 10.3% | 14.2% | 18.0% | 13.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $185.6M | $183.7M | $175.7M | $175.7M | $174.3M | $171.1M | $161.8M | $162.5M | $155.7M | $145.8M | $127.1M | $117.1M |
| Cost of revenue | $100.7M | $31.6M | $30.9M | $30.6M | $30.6M | $29.1M | $83.9M | $85.3M | $81.2M | $74.5M | $65.5M | $60.0M |
| Gross profit | $84.9M | $152.2M | $144.8M | $145.2M | $143.7M | $142.0M | $77.9M | $77.2M | $74.5M | $71.3M | $61.5M | $57.1M |
| Sales, general & admin | $30.2M | $34.4M | $33.3M | $30.7M | $32.9M | $31.4M | $31.2M | $32.3M | $28.1M | $25.2M | $28.1M | $23.0M |
| Total operating expenses | $30.2M | $98.8M | $97.1M | $94.1M | $96.9M | $95.4M | $36.1M | $37.3M | $33.3M | $28.6M | $31.7M | $26.4M |
| Operating income | $54.6M | $53.3M | $47.8M | $51.0M | $46.8M | $46.6M | $41.8M | $39.8M | $41.2M | $42.7M | $29.8M | $30.7M |
| Interest expense | $9.8M | $9.8M | $9.2M | $9.2M | $8.5M | $8.9M | $6.4M | $5.1M | $5.2M | $4.5M | $4.9M | $4.5M |
| Income before taxes | $44.7M | $40.6M | $37.6M | $39.6M | $36.8M | $123.2M | $36.7M | $35.5M | $36.5M | $38.5M | $25.0M | $26.2M |
| Income taxes | $13.4M | $10.7M | $10.8M | $11.2M | $10.0M | $30.9M | $10.0M | $9.8M | $9.0M | $9.8M | $6.2M | $6.6M |
| Net income | $31.3M | $29.9M | $26.8M | $28.5M | $26.8M | $92.3M | $26.8M | $25.7M | $27.5M | $28.7M | $18.8M | $19.5M |
| EBITDA | $61.8M | $57.2M | $53.2M | $55.1M | $51.5M | $138.3M | $49.0M | $45.7M | $46.9M | $46.5M | $33.5M | $34.1M |
| EPS (diluted) | $1.18 | $1.18 | $1.00 | $1.09 | $1.00 | $1.03 | $0.95 | $0.88 | $0.93 | $0.98 | $0.64 | $0.69 |
| Gross margin | 45.7% | 82.8% | 82.4% | 82.6% | 82.4% | 83.0% | 48.1% | 47.5% | 47.8% | 48.9% | 48.4% | 48.8% |
| Operating margin | 29.4% | 29.0% | 27.2% | 29.0% | 26.8% | 27.2% | 25.9% | 24.5% | 26.5% | 29.3% | 23.5% | 26.2% |
| Net margin | 16.9% | 16.3% | 15.2% | 16.2% | 15.4% | 53.9% | 16.5% | 15.8% | 17.7% | 19.7% | 14.8% | 16.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in WING's financial statements (latest annual report filed February 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
WING financial results
In fiscal year 2025 (ended December 31, 2025), Wingstop reported revenue of $696.9 million, up 11.4% from the year before. It had net income of $174.3 million (up 60.3%), a net profit margin of 25.0%. Diluted earnings per share came to $4.12. Over five years revenue grew at an average rate of 22.9% a year.
See the WING stock overview for the latest quote and news, or the WING chart for price history and technical indicators.
WING income statement FAQ
What is Wingstop's annual revenue?
Wingstop reported total revenue of $696.9 million for fiscal year 2025, which ended on December 31, 2025. That was up 11.4% from $625.8 million the previous year.
Is Wingstop profitable?
Yes. Wingstop reported net income of $174.3 million in fiscal 2025, a net profit margin of 25.0%; its operating margin was 27.6%.
What is Wingstop's gross margin?
Wingstop's gross margin was 82.6% in fiscal 2025: for every $100 of revenue, Wingstop kept $83 after the direct cost of its products and services.
How fast is Wingstop growing?
Revenue grew 22.9% a year on average over the last five fiscal years, from $248.8 million to $696.9 million.
What are Wingstop's earnings per share?
Wingstop earned $4.12 per diluted share in fiscal 2025, compared with $3.74 a year earlier.
When will Wingstop report its next earnings?
Wingstop is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 before the market opens.
When does Wingstop's fiscal year end?
Wingstop's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 18, 2026.