Wicked Part Two is an upcoming American epic 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 in turn was based on the 1995 novel of the same name by Gregory Maguire and characters from L. Frank Baum's 1900 novel The Wonderful Wizard of Oz. The film stars Cynthia Erivo and Ariana Grande, with Michelle Yeoh, Jeff Goldblum, Jonathan Bailey, Ethan Slater, Marissa Bode, Bowen Yang, Bronwyn James, and Peter Dinklage 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 Glinda'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 Witch of the North, and how the consequences of their actions will change all of Oz forever.

Universal Pictures and Marc Platt, both of whom produced the stage musical, announced the film adaptation in 2012. After a long 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 epic scope and to expand upon the journeys of and relationships between the characters without cutting any songs and major plot points. Principal photography on both films began in December 2022 in England, and was paused 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.