Restaurant Brands International Inc. (QSR)

Restaurant Brands International Income Statement

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

Fiscal Quarter	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Period Ending	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Revenue	2,466	2,449	2,410	2,109	2,296	2,291	2,080	1,739	1,820	1,837	1,775	1,590	1,689	1,726	1,639	1,451	1,546	1,495	1,438	1,260
Revenue Growth (YoY)	7.40%	6.90%	15.87%	21.28%	26.15%	24.71%	17.18%	9.37%	7.76%	6.43%	8.30%	9.58%	9.25%	15.45%	13.98%	15.16%	13.84%	11.82%	37.21%	2.86%
Cost of Revenue	1,635	1,606	1,595	1,405	1,552	1,493	1,294	1,043	1,147	1,075	1,054	944	1,040	1,028	968	871	924	856	831	754
Gross Profit	831	843	815	704	744	798	786	696	673	762	721	646	649	698	671	580	622	639	607	506
Selling, General & Admin	177	162	167	184	185	169	170	167	176	164	156	151	155	141	136	129	131	111	105	103
Other Operating Expenses	2	2	3	3	1	1	4	3	5	-3	6	10	5	2	5	2	-	1	-2	1
Operating Expenses	179	164	170	187	186	170	174	170	181	161	162	161	160	143	141	131	131	112	103	104
Operating Income	652	679	645	517	558	628	612	526	492	601	559	485	489	555	530	449	491	527	504	402
Interest Expense	-133	-138	-138	-138	-145	-156	-156	-159	-163	-156	-154	-149	-148	-135	-130	-127	-128	-129	-126	-125
Interest & Investment Income	8	9	6	8	10	9	9	11	11	13	9	7	4	2	1	-	1	1	-	1
Earnings From Equity Investments	-1	2	5	5	-	-3	69	3	27	-1	-11	-7	-14	-8	-9	-13	8	-7	-3	-2
Currency Exchange Gain (Loss)	-1	-1	-132	-75	86	-44	6	23	-31	18	1	-8	-78	30	31	21	18	23	-8	43
EBT Excluding Unusual Items	525	551	386	317	509	434	540	404	336	475	404	328	253	444	423	330	390	415	367	319
Merger & Restructuring Charges	-8	-7	-16	-6	-5	-4	-9	-4	-	-	-	-19	-16	-3	-4	-1	-18	-	-	-
Gain (Loss) on Sale of Assets	-13	-7	-13	-2	3	4	-8	-2	3	-30	9	2	-2	-1	1	-2	-1	-2	-1	2
Legal Settlements	-1	-2	-1	-3	2	-1	-1	-	-2	-1	3	-1	-8	-	-2	-1	-74	-4	-1	-2
Other Unusual Items	-9	-1	-5	-1	-9	-4	-38	-2	-21	-21	-7	-5	-25	-12	-6	-3	-8	-15	-3	-1
Pretax Income	494	534	351	305	500	429	484	396	316	423	409	305	202	428	412	323	289	394	362	318
Income Tax Expense	220	94	87	82	139	72	85	68	-410	59	58	28	-134	-102	66	53	27	65	-29	47
Earnings From Continuing Operations	274	440	264	223	361	357	399	328	726	364	351	277	336	530	346	270	262	329	391	271
Earnings From Discontinued Operations	-119	-4	-1	-2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income to Company	155	436	263	221	361	357	399	328	726	364	351	277	336	530	346	270	262	329	391	271
Minority Interest in Earnings	-42	-121	-74	-62	-102	-105	-119	-98	-218	-112	-110	-88	-107	-170	-110	-87	-83	-108	-132	-92
Net Income	113	315	189	159	259	252	280	230	508	252	241	189	229	360	236	183	179	221	259	179
Net Income to Common	113	315	189	159	259	252	280	230	508	252	241	189	229	360	236	183	179	221	259	179
Net Income Growth	-56.37%	25.00%	-32.50%	-30.87%	-49.02%	-	16.18%	21.69%	121.83%	-30.00%	2.12%	3.28%	27.93%	62.90%	-8.88%	2.23%	96.70%	52.41%	144.34%	24.31%
Shares Outstanding (Basic)	334	328	328	326	324	319	317	314	313	314	312	309	306	306	308	309	313	311	307	306
Shares Outstanding (Diluted)	457	457	457	456	455	454	453	453	453	459	458	456	455	454	455	458	462	465	466	465
Shares Change (YoY)	0.44%	0.66%	0.88%	0.66%	0.44%	-1.09%	-1.09%	-0.66%	-0.44%	1.10%	0.66%	-0.44%	-1.52%	-2.37%	-2.36%	-1.50%	-0.43%	-1.06%	-0.64%	-0.85%
EPS (Basic)	0.34	0.96	0.58	0.49	0.80	0.79	0.88	0.73	1.62	0.80	0.77	0.61	0.75	1.18	0.77	0.59	0.57	0.71	0.84	0.58
EPS (Diluted)	0.34	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	0.59	0.56	0.71	0.84	0.58
EPS Growth	-57.41%	21.67%	-34.66%	-32.86%	-50.63%	-0.85%	15.26%	19.26%	117.03%	-32.13%	0.78%	3.05%	30.72%	65.19%	-9.40%	1.15%	89.95%	48.67%	140.81%	21.57%
Free Cash Flow	443	531	381	-53	404	485	291	122	356	408	362	77	375	374	417	224	435	486	448	251
Free Cash Flow Per Share	0.97	1.16	0.83	-0.12	0.89	1.07	0.64	0.27	0.79	0.89	0.79	0.17	0.82	0.82	0.92	0.49	0.94	1.04	0.96	0.54
Dividend Per Share	0.620	0.620	0.620	0.620	0.580	0.580	0.580	0.580	0.550	0.550	0.550	0.550	0.540	0.540	0.540	0.540	0.530	0.530	0.530	0.530
Dividend Growth	6.90%	6.90%	6.90%	6.90%	5.46%	5.46%	5.46%	5.46%	1.85%	1.85%	1.85%	1.85%	1.89%	1.89%	1.89%	1.89%	1.92%	1.92%	1.92%	1.92%
Gross Margin	33.70%	34.42%	33.82%	33.38%	32.40%	34.83%	37.79%	40.02%	36.98%	41.48%	40.62%	40.63%	38.42%	40.44%	40.94%	39.97%	40.23%	42.74%	42.21%	40.16%
Operating Margin	26.44%	27.73%	26.76%	24.51%	24.30%	27.41%	29.42%	30.25%	27.03%	32.72%	31.49%	30.50%	28.95%	32.16%	32.34%	30.94%	31.76%	35.25%	35.05%	31.91%
Profit Margin	4.58%	12.86%	7.84%	7.54%	11.28%	11.00%	13.46%	13.23%	27.91%	13.72%	13.58%	11.89%	13.56%	20.86%	14.40%	12.61%	11.58%	14.78%	18.01%	14.21%
Free Cash Flow Margin	17.96%	21.68%	15.81%	-2.51%	17.60%	21.17%	13.99%	7.02%	19.56%	22.21%	20.39%	4.84%	22.20%	21.67%	25.44%	15.44%	28.14%	32.51%	31.15%	19.92%
EBITDA	728	756	722	588	635	707	671	575	541	648	608	531	536	601	578	498	542	577	555	451
EBITDA Margin	29.52%	30.87%	29.96%	27.88%	27.66%	30.86%	32.26%	33.06%	29.73%	35.27%	34.25%	33.40%	31.74%	34.82%	35.27%	34.32%	35.06%	38.59%	38.59%	35.79%
D&A For EBITDA	76	77	77	71	77	79	59	49	49	47	49	46	47	46	48	49	51	50	51	49
EBIT	652	679	645	517	558	628	612	526	492	601	559	485	489	555	530	449	491	527	504	402
EBIT Margin	26.44%	27.73%	26.76%	24.51%	24.30%	27.41%	29.42%	30.25%	27.03%	32.72%	31.49%	30.50%	28.95%	32.16%	32.34%	30.94%	31.76%	35.25%	35.05%	31.91%
Effective Tax Rate	44.53%	17.60%	24.79%	26.88%	27.80%	16.78%	17.56%	17.17%	-	13.95%	14.18%	9.18%	-	-	16.02%	16.41%	9.34%	16.50%	-	14.78%
Revenue as Reported	2,466	2,449	2,410	2,109	2,296	2,291	2,080	1,739	1,820	1,837	1,775	1,590	1,689	1,726	1,639	1,451	1,546	1,495	1,438	1,260

Updated Feb 12, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q