Restaurant Brands International Limited Partnership (TSX:QSP.UN)

Revenue Breakdown

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
Supply Chain Sales Revenue	2.81B	2.71B	2.68B
Company Restaurant Sales Revenue	2.32B	1.59B	271.00M
Sales Revenue	5.13B	4.30B	2.95B
Royalties Revenue	1.95B	1.94B	1.92B
Property Revenue	827.00M	837.00M	851.00M
Franchise Fees & Other Revenue	151.00M	142.00M	132.00M
Advertising Revenue	1.20B	1.19B	1.17B

Revenue Breakdown 2

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
Tim Hortons Revenue	4.14B	4.04B	3.97B
Burger King Revenue	1.51B	1.45B	1.30B
Popeyes Revenue	806.00M	768.00M	692.00M
Firehouse Subs Revenue	231.00M	214.00M	187.00M
International Revenue	973.00M	935.00M	874.00M
Restaurant Holdings Revenue	1.81B	1.12B	-
Eliminations from Revenue	-193.00M	-117.00M	-

Adjusted EBITDA

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
Tim Hortons Adjusted EBITDA	1.22B	1.20B	1.11B
Burger King Adjusted EBITDA	502.00M	487.00M	462.00M
Popeyes Adjusted EBITDA	284.00M	277.00M	257.00M
Firehouse Subs Adjusted EBITDA	68.00M	63.00M	58.00M
International Adjusted EBITDA	709.00M	680.00M	666.00M
Restaurant Holdings Adjusted EBITDA	106.00M	82.00M	-

Adjusted EBIT

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
Tim Hortons Adjusted Operating Income	1.07B	1.04B	958.00M
Burger King Adjusted Operating Income	425.00M	410.00M	386.00M
Popeyes Adjusted Operating Income	250.00M	243.00M	221.00M
Firehouse Subs Adjusted Operating Income	53.00M	48.00M	38.00M
International Adjusted Operating Income	645.00M	614.00M	597.00M
Restaurant Holdings Adjusted Operating Income	47.00M	44.00M	-

Key Performance Indicators

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
Tim Hortons Comparable Sales	-	3.90%	10.40%
Burger King Comparable Sales	-	1.00%	7.40%
Popeyes Comparable Sales	-	0.40%	4.80%
Firehouse Subs Comparable Sales	-	-1.10%	4.20%
International Comparable Sales	-	3.30%	9.00%
Tim Hortons Restaurant Count	4.53K	4.54K	4.53K
Burger King Restaurant Count	7.04K	7.08K	7.14K
Popeyes Restaurant Count	3.54K	3.52K	3.39K
Firehouse Subs Restaurant Count	1.40K	1.35K	1.27K
International Restaurant Count	15.91K	15.64K	14.74K

Data Source: Fiscal.ai Last updated: Jun 30, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 18, 2026

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