Wicked Part Two is an upcoming American musical fantasy film directed by Jon M. Chu and written by Winnie Holzman and Dana Fox. The sequel to Wicked (2024), it is the second of a two-part film adaptation of the stage musical of the same name by Stephen Schwartz and Holzman, which was loosely based on the 1995 novel by Gregory Maguire, which in turn is based on L. Frank Baum's 1900 novel The Wonderful Wizard of Oz, its sequels, and its 1939 film adaptation. The film stars Cynthia Erivo and Ariana Grande with Jonathan Bailey, Ethan Slater, Bowen Yang, Peter Dinklage, Michelle Yeoh and Jeff Goldblum featured in supporting roles.

Set in the Land of Oz, before and after Dorothy Gale's arrival from Kansas, the plot will cover the events of the musical's second act, following Elphaba and Galinda's friendship being put to the test as they embrace their new respective identities as the Wicked Witch of the West and Glinda the Good, and how the consequences of their actions will change all of Oz forever.

Universal Pictures and Marc Platt, who both produced the stage musical, announced the film adaptation in 2012. After a long period of development and multiple delays due to the COVID-19 pandemic, Chu was hired to direct, with Erivo and Grande cast in their respective roles in 2021, along with the decision to split the film into two parts in order to meet the demands of the story's scope and to expand upon the journeys and relationships between characters without cutting any songs and major plot points. Principal photography on both films began in December 2022 in England, and was interrupted in July 2023 due to the 2023 SAG-AFTRA strike, eventually resuming then concluding in January 2024.

Wicked Part Two is set for release by Universal Pictures in the United States on November 21, 2025.