Restaurant Brands International Inc. (QSR) Quarterly Financials

120+ quarters historyFree accessUpdated daily

Restaurant Brands International Inc. (QSR) quarterly income statement — complete revenue, gross profit & net income history

Annual Quarterly

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21

Sales/Revenue	2.26B	2.47B	2.45B	2.41B	2.11B	2.3B	2.29B	2.08B	1.74B	1.82B	1.84B	1.77B	1.59B	1.69B	1.73B	1.64B	1.45B	1.55B	1.5B	1.44B
Revenue Growth %	7.35%	7.4%	6.9%	15.87%	21.28%	26.15%	24.71%	17.18%	9.37%	7.76%	6.43%	8.3%	9.58%	9.25%	15.45%	13.98%	15.16%	13.84%	11.82%	37.21%
Cost of Goods Sold	0	1.29B	1.26B	1.59B	1.41B	1.55B	1.49B	1.29B	1.04B	1.15B	1.07B	1.05B	944M	1.04B	1.03B	968M	871M	914M	856M	831M
COGS % of Revenue	-	52.47%	51.61%	66.18%	66.62%	67.6%	65.17%	62.21%	59.98%	63.02%	58.52%	59.38%	59.37%	61.57%	59.56%	59.06%	60.03%	59.12%	57.26%	57.79%
Gross Profit	0	1.17B	1.19B	815M	704M	744M	798M	786M	696M	673M	762M	721M	646M	649M	698M	671M	580M	632M	639M	607M
Gross Margin %	-	47.53%	48.39%	33.82%	33.38%	32.4%	34.83%	37.79%	40.02%	36.98%	41.48%	40.62%	40.63%	38.43%	40.44%	40.94%	39.97%	40.88%	42.74%	42.21%
Gross Profit Growth %	-100%	57.53%	48.5%	3.69%	1.15%	10.55%	4.72%	9.02%	7.74%	3.7%	9.17%	7.45%	11.38%	2.69%	9.23%	10.54%	14.62%	-17.28%	9.23%	62.3%
Operating Expenses	180M	525M	512M	332M	269M	109M	221M	123M	152M	205M	180M	167M	199M	303M	137M	130M	130M	216M	106M	119M
OpEx % of Revenue	7.95%	21.29%	20.91%	13.78%	12.75%	4.75%	9.65%	5.91%	8.74%	11.26%	9.8%	9.41%	12.52%	17.94%	7.94%	7.93%	8.96%	13.97%	7.09%	8.28%
Selling, General & Admin	180M	192M	170M	167M	184M	185M	169M	170M	167M	199M	164M	156M	151M	148M	135M	129M	124M	170M	105M	100M
SG&A % of Revenue	7.95%	7.79%	6.94%	6.93%	8.72%	8.06%	7.38%	8.17%	9.6%	10.93%	8.93%	8.79%	9.5%	8.76%	7.82%	7.87%	8.55%	11%	7.02%	6.95%
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	1000K	1000K	1000K	1000K	-1000K	1000K	-1000K	-1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Operating Income	606M	647M	673M	483M	435M	635M	577M	663M	544M	468M	582M	554M	447M	346M	561M	541M	450M	416M	533M	488M
Operating Margin %	26.77%	26.24%	27.48%	20.04%	20.63%	27.66%	25.19%	31.87%	31.28%	25.71%	31.68%	31.21%	28.11%	20.49%	32.5%	33.01%	31.01%	26.91%	35.65%	33.94%
Operating Income Growth %	39.31%	1.89%	16.64%	-27.15%	-20.04%	35.68%	-0.86%	19.68%	21.7%	35.26%	3.74%	2.4%	-0.67%	-16.83%	5.25%	10.86%	1.81%	11.53%	27.82%	100.82%
EBITDA	606M	723M	749M	560M	506M	712M	656M	722M	593M	517M	629M	603M	493M	393M	607M	589M	499M	467M	583M	539M
EBITDA Margin %	26.77%	29.32%	30.58%	23.24%	23.99%	31.01%	28.63%	34.71%	34.1%	28.41%	34.24%	33.97%	31.01%	23.27%	35.17%	35.94%	34.39%	30.21%	39%	37.48%
EBITDA Growth %	19.76%	1.54%	14.18%	-22.44%	-14.67%	37.72%	4.29%	19.73%	20.28%	31.55%	3.62%	2.38%	-1.2%	-15.85%	4.12%	9.28%	1.63%	10.4%	25.38%	86.51%
D&A (Non-Cash Add-back)	0	76M	76M	77M	71M	77M	79M	59M	49M	49M	47M	49M	46M	47M	46M	48M	49M	51M	50M	51M
EBIT	0	619M	552M	482M	437M	639M	578M	634M	549M	473M	572M	556M	447M	343M	556M	535M	443M	410M	516M	482M
Net Interest Income	-123M	-125M	-4M	-181M	-178M	-184M	-197M	-195M	-189M	-191M	-182M	-181M	-172M	-166M	-142M	-118M	-109M	-105M	-108M	-106M
Interest Income	0	0	14M	6M	8M	10M	9M	9M	11M	11M	13M	9M	7M	4M	2M	1M	0	1M	1M	0
Interest Expense	123M	125M	18M	187M	186M	194M	206M	204M	200M	202M	195M	190M	179M	170M	144M	119M	109M	106M	109M	106M
Other Income/Expense	-123M	-153M	-139M	-132M	-130M	-135M	-148M	-179M	-148M	-152M	-159M	-145M	-142M	-144M	-133M	-129M	-127M	-127M	-139M	-126M
Pretax Income	483M	494M	534M	351M	305M	500M	429M	484M	396M	316M	423M	409M	305M	202M	428M	412M	323M	289M	394M	362M
Pretax Margin %	21.33%	20.03%	21.8%	14.56%	14.46%	21.78%	18.73%	23.27%	22.77%	17.36%	23.03%	23.04%	19.18%	11.96%	24.8%	25.14%	22.26%	18.69%	26.35%	25.17%
Income Tax	38M	220M	94M	87M	82M	139M	72M	85M	68M	-410M	59M	58M	28M	-134M	-102M	66M	53M	27M	65M	-29M
Effective Tax Rate %	7.87%	44.53%	17.6%	24.79%	26.89%	27.8%	16.78%	17.56%	17.17%	-129.75%	13.95%	14.18%	9.18%	-66.34%	-23.83%	16.02%	16.41%	9.34%	16.5%	-8.01%
Net Income	338M	113M	315M	189M	159M	259M	252M	280M	230M	508M	252M	241M	189M	229M	360M	236M	183M	179M	221M	259M
Net Margin %	14.93%	4.58%	12.86%	7.84%	7.54%	11.28%	11%	13.46%	13.23%	27.91%	13.72%	13.58%	11.89%	13.56%	20.86%	14.4%	12.61%	11.58%	14.78%	18.01%
Net Income Growth %	112.58%	-56.37%	25%	-32.5%	-30.87%	-49.02%	0%	16.18%	21.69%	121.83%	-30%	2.12%	3.28%	27.93%	62.9%	-8.88%	2.23%	96.7%	52.41%	144.34%
Net Income (Continuing)	338M	274M	440M	264M	223M	361M	357M	399M	328M	726M	364M	351M	277M	336M	530M	346M	270M	262M	329M	391M
Discontinued Operations	0	-1000K	-1000K	-1000K	-1000K	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	1.55B	1.52B	1.78B	1.77B	1.71B	1.73B	1.8B	1.88B	1.86B	1.86B	1.76B	1.82B	1.74B	1.77B	1.73B	1.7B	1.67B	1.62B	1.59B	1.7B
EPS (Diluted)	0.97	0.25	0.95	0.58	0.48	0.79	0.78	0.88	0.72	1.60	0.79	0.76	0.61	0.74	1.17	0.76	0.58	0.56	0.71	0.84
EPS Growth %	102.08%	-68.35%	21.79%	-34.09%	-33.33%	-50.63%	-1.27%	15.79%	18.03%	116.22%	-32.48%	0%	5.17%	32.14%	64.79%	-9.52%	0%	86.67%	51.06%	140%
EPS (Basic)	0.98	0.34	1.33	0.80	0.68	1.11	1.12	1.26	1.04	2.32	1.16	1.12	0.89	1.10	1.73	1.12	0.87	0.83	1.05	1.27
Diluted Shares Outstanding	459M	457M	457M	457M	456M	455M	454M	453M	453M	453M	459M	458M	456M	455M	454M	455M	458M	462M	465M	466M
Basic Shares Outstanding	347M	334M	328M	328M	326M	324M	319M	317M	314M	313M	314M	312M	309M	306M	306M	308M	309M	313M	311M	307M
Dividend Payout Ratio	83.73%	240.5%	90.36%	149.21%	164.78%	101.16%	104.01%	93.17%	106.52%	50.22%	97.84%	104.04%	128.57%	106.33%	64.46%	103.39%	131.69%	136.31%	111.31%	94.59%

Restaurant Brands International Inc. (QSR) Quarterly Financials

120+ quarters historyFree accessUpdated daily

Restaurant Brands International Inc. (QSR) quarterly income statement — complete revenue, gross profit & net income history

Annual Quarterly

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21

Sales/Revenue	2.26B	2.47B	2.45B	2.41B	2.11B	2.3B	2.29B	2.08B	1.74B	1.82B	1.84B	1.77B	1.59B	1.69B	1.73B	1.64B	1.45B	1.55B	1.5B	1.44B
Revenue Growth %	7.35%	7.4%	6.9%	15.87%	21.28%	26.15%	24.71%	17.18%	9.37%	7.76%	6.43%	8.3%	9.58%	9.25%	15.45%	13.98%	15.16%	13.84%	11.82%	37.21%
Cost of Goods Sold	0	1.29B	1.26B	1.59B	1.41B	1.55B	1.49B	1.29B	1.04B	1.15B	1.07B	1.05B	944M	1.04B	1.03B	968M	871M	914M	856M	831M
COGS % of Revenue	-	52.47%	51.61%	66.18%	66.62%	67.6%	65.17%	62.21%	59.98%	63.02%	58.52%	59.38%	59.37%	61.57%	59.56%	59.06%	60.03%	59.12%	57.26%	57.79%
Gross Profit	0	1.17B	1.19B	815M	704M	744M	798M	786M	696M	673M	762M	721M	646M	649M	698M	671M	580M	632M	639M	607M
Gross Margin %	-	47.53%	48.39%	33.82%	33.38%	32.4%	34.83%	37.79%	40.02%	36.98%	41.48%	40.62%	40.63%	38.43%	40.44%	40.94%	39.97%	40.88%	42.74%	42.21%
Gross Profit Growth %	-100%	57.53%	48.5%	3.69%	1.15%	10.55%	4.72%	9.02%	7.74%	3.7%	9.17%	7.45%	11.38%	2.69%	9.23%	10.54%	14.62%	-17.28%	9.23%	62.3%
Operating Expenses	180M	525M	512M	332M	269M	109M	221M	123M	152M	205M	180M	167M	199M	303M	137M	130M	130M	216M	106M	119M
OpEx % of Revenue	7.95%	21.29%	20.91%	13.78%	12.75%	4.75%	9.65%	5.91%	8.74%	11.26%	9.8%	9.41%	12.52%	17.94%	7.94%	7.93%	8.96%	13.97%	7.09%	8.28%
Selling, General & Admin	180M	192M	170M	167M	184M	185M	169M	170M	167M	199M	164M	156M	151M	148M	135M	129M	124M	170M	105M	100M
SG&A % of Revenue	7.95%	7.79%	6.94%	6.93%	8.72%	8.06%	7.38%	8.17%	9.6%	10.93%	8.93%	8.79%	9.5%	8.76%	7.82%	7.87%	8.55%	11%	7.02%	6.95%
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	1000K	1000K	1000K	1000K	-1000K	1000K	-1000K	-1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Operating Income	606M	647M	673M	483M	435M	635M	577M	663M	544M	468M	582M	554M	447M	346M	561M	541M	450M	416M	533M	488M
Operating Margin %	26.77%	26.24%	27.48%	20.04%	20.63%	27.66%	25.19%	31.87%	31.28%	25.71%	31.68%	31.21%	28.11%	20.49%	32.5%	33.01%	31.01%	26.91%	35.65%	33.94%
Operating Income Growth %	39.31%	1.89%	16.64%	-27.15%	-20.04%	35.68%	-0.86%	19.68%	21.7%	35.26%	3.74%	2.4%	-0.67%	-16.83%	5.25%	10.86%	1.81%	11.53%	27.82%	100.82%
EBITDA	606M	723M	749M	560M	506M	712M	656M	722M	593M	517M	629M	603M	493M	393M	607M	589M	499M	467M	583M	539M
EBITDA Margin %	26.77%	29.32%	30.58%	23.24%	23.99%	31.01%	28.63%	34.71%	34.1%	28.41%	34.24%	33.97%	31.01%	23.27%	35.17%	35.94%	34.39%	30.21%	39%	37.48%
EBITDA Growth %	19.76%	1.54%	14.18%	-22.44%	-14.67%	37.72%	4.29%	19.73%	20.28%	31.55%	3.62%	2.38%	-1.2%	-15.85%	4.12%	9.28%	1.63%	10.4%	25.38%	86.51%
D&A (Non-Cash Add-back)	0	76M	76M	77M	71M	77M	79M	59M	49M	49M	47M	49M	46M	47M	46M	48M	49M	51M	50M	51M
EBIT	0	619M	552M	482M	437M	639M	578M	634M	549M	473M	572M	556M	447M	343M	556M	535M	443M	410M	516M	482M
Net Interest Income	-123M	-125M	-4M	-181M	-178M	-184M	-197M	-195M	-189M	-191M	-182M	-181M	-172M	-166M	-142M	-118M	-109M	-105M	-108M	-106M
Interest Income	0	0	14M	6M	8M	10M	9M	9M	11M	11M	13M	9M	7M	4M	2M	1M	0	1M	1M	0
Interest Expense	123M	125M	18M	187M	186M	194M	206M	204M	200M	202M	195M	190M	179M	170M	144M	119M	109M	106M	109M	106M
Other Income/Expense	-123M	-153M	-139M	-132M	-130M	-135M	-148M	-179M	-148M	-152M	-159M	-145M	-142M	-144M	-133M	-129M	-127M	-127M	-139M	-126M
Pretax Income	483M	494M	534M	351M	305M	500M	429M	484M	396M	316M	423M	409M	305M	202M	428M	412M	323M	289M	394M	362M
Pretax Margin %	21.33%	20.03%	21.8%	14.56%	14.46%	21.78%	18.73%	23.27%	22.77%	17.36%	23.03%	23.04%	19.18%	11.96%	24.8%	25.14%	22.26%	18.69%	26.35%	25.17%
Income Tax	38M	220M	94M	87M	82M	139M	72M	85M	68M	-410M	59M	58M	28M	-134M	-102M	66M	53M	27M	65M	-29M
Effective Tax Rate %	7.87%	44.53%	17.6%	24.79%	26.89%	27.8%	16.78%	17.56%	17.17%	-129.75%	13.95%	14.18%	9.18%	-66.34%	-23.83%	16.02%	16.41%	9.34%	16.5%	-8.01%
Net Income	338M	113M	315M	189M	159M	259M	252M	280M	230M	508M	252M	241M	189M	229M	360M	236M	183M	179M	221M	259M
Net Margin %	14.93%	4.58%	12.86%	7.84%	7.54%	11.28%	11%	13.46%	13.23%	27.91%	13.72%	13.58%	11.89%	13.56%	20.86%	14.4%	12.61%	11.58%	14.78%	18.01%
Net Income Growth %	112.58%	-56.37%	25%	-32.5%	-30.87%	-49.02%	0%	16.18%	21.69%	121.83%	-30%	2.12%	3.28%	27.93%	62.9%	-8.88%	2.23%	96.7%	52.41%	144.34%
Net Income (Continuing)	338M	274M	440M	264M	223M	361M	357M	399M	328M	726M	364M	351M	277M	336M	530M	346M	270M	262M	329M	391M
Discontinued Operations	0	-1000K	-1000K	-1000K	-1000K	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	1.55B	1.52B	1.78B	1.77B	1.71B	1.73B	1.8B	1.88B	1.86B	1.86B	1.76B	1.82B	1.74B	1.77B	1.73B	1.7B	1.67B	1.62B	1.59B	1.7B
EPS (Diluted)	0.97	0.25	0.95	0.58	0.48	0.79	0.78	0.88	0.72	1.60	0.79	0.76	0.61	0.74	1.17	0.76	0.58	0.56	0.71	0.84
EPS Growth %	102.08%	-68.35%	21.79%	-34.09%	-33.33%	-50.63%	-1.27%	15.79%	18.03%	116.22%	-32.48%	0%	5.17%	32.14%	64.79%	-9.52%	0%	86.67%	51.06%	140%
EPS (Basic)	0.98	0.34	1.33	0.80	0.68	1.11	1.12	1.26	1.04	2.32	1.16	1.12	0.89	1.10	1.73	1.12	0.87	0.83	1.05	1.27
Diluted Shares Outstanding	459M	457M	457M	457M	456M	455M	454M	453M	453M	453M	459M	458M	456M	455M	454M	455M	458M	462M	465M	466M
Basic Shares Outstanding	347M	334M	328M	328M	326M	324M	319M	317M	314M	313M	314M	312M	309M	306M	306M	308M	309M	313M	311M	307M
Dividend Payout Ratio	83.73%	240.5%	90.36%	149.21%	164.78%	101.16%	104.01%	93.17%	106.52%	50.22%	97.84%	104.04%	128.57%	106.33%	64.46%	103.39%	131.69%	136.31%	111.31%	94.59%

QSR Income Statement

QSR Income Statement