Restaurant Brands International Inc. (QSR)
NYSE: QSR · Real-Time Price · USD
77.69
-0.86 (-1.09%)
At close: Nov 6, 2026, 4:00 PM EST
78.34
+0.65 (0.83%)
After-hours: Nov 6, 2026, 7:30 PM EST
Restaurant Brands International Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 9,775 | 9,434 | 8,406 | 7,022 | 6,505 | 5,739 | |
Revenue Growth | 5.52% | 12.23% | 19.71% | 7.95% | 13.35% | 15.52% |
Cost of Revenue | 6,419 | 6,241 | 5,382 | 4,220 | 3,907 | 3,365 |
Gross Profit | 3,356 | 3,193 | 3,024 | 2,802 | 2,598 | 2,374 |
Selling, General & Admin | 701 | 690 | 691 | 647 | 561 | 450 |
Other Operating Expenses | 13 | 10 | 9 | 18 | 14 | - |
Operating Expenses | 714 | 700 | 700 | 665 | 575 | 450 |
Operating Income | 2,642 | 2,493 | 2,324 | 2,137 | 2,023 | 1,924 |
Interest Expense | -522 | -547 | -616 | -622 | -540 | -508 |
Interest & Investment Income | 25 | 31 | 39 | 40 | 7 | 3 |
Earnings From Equity Investments | 9 | 11 | 69 | 8 | -44 | -4 |
Currency Exchange Gain (Loss) | 60 | -209 | 71 | -20 | 4 | 76 |
EBT Excluding Unusual Items | 2,214 | 1,779 | 1,887 | 1,543 | 1,450 | 1,491 |
Merger & Restructuring Charges | -19 | -37 | -22 | -19 | -24 | -18 |
Gain (Loss) on Sale of Assets | -32 | -35 | -3 | -16 | -4 | -2 |
Legal Settlements | -5 | -7 | - | -1 | -11 | -81 |
Other Unusual Items | -18 | -16 | -53 | -54 | -46 | -27 |
Pretax Income | 2,140 | 1,684 | 1,809 | 1,453 | 1,365 | 1,363 |
Income Tax Expense | 52 | 483 | 364 | -265 | -117 | 110 |
Earnings From Continuing Operations | 2,088 | 1,201 | 1,445 | 1,718 | 1,482 | 1,253 |
Earnings From Discontinued Operations | -119 | -126 | - | - | - | - |
Net Income to Company | 1,969 | 1,075 | 1,445 | 1,718 | 1,482 | 1,253 |
Minority Interest in Earnings | -469 | -299 | -424 | -528 | -474 | -415 |
Net Income | 1,500 | 776 | 1,021 | 1,190 | 1,008 | 838 |
Net Income to Common | 1,500 | 776 | 1,021 | 1,190 | 1,008 | 838 |
Net Income Growth | 62.69% | -24.00% | -14.20% | 18.06% | 20.29% | 72.43% |
Shares Outstanding (Basic) | 345 | 329 | 319 | 312 | 307 | 310 |
Shares Outstanding (Diluted) | 459 | 457 | 454 | 456 | 455 | 464 |
Shares Change | 0.66% | 0.66% | -0.44% | 0.22% | -1.94% | -0.85% |
EPS (Basic) | 4.35 | 2.36 | 3.20 | 3.81 | 3.28 | 2.70 |
EPS (Diluted) | 4.29 | 2.35 | 3.18 | 3.76 | 3.25 | 2.69 |
EPS Growth | 52.75% | -26.01% | -15.55% | 15.70% | 20.76% | 68.42% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 1,534 | 1,302 | 1,302 | 1,203 | 1,390 | 1,620 |
Free Cash Flow Per Share | 3.34 | 2.85 | 2.87 | 2.64 | 3.06 | 3.49 |
Dividend Per Share | 2.570 | 2.480 | 2.320 | 2.200 | 2.160 | 2.120 |
Dividend Growth | 5.33% | 6.90% | 5.46% | 1.85% | 1.89% | 1.92% |
Gross Margin | 34.33% | 33.85% | 35.97% | 39.90% | 39.94% | 41.37% |
Operating Margin | 27.03% | 26.43% | 27.65% | 30.43% | 31.10% | 33.52% |
Profit Margin | 15.35% | 8.23% | 12.15% | 16.95% | 15.50% | 14.60% |
Free Cash Flow Margin | 15.69% | 13.80% | 15.49% | 17.13% | 21.37% | 28.23% |
EBITDA | 2,947 | 2,794 | 2,588 | 2,328 | 2,213 | 2,125 |
EBITDA Margin | 30.15% | 29.62% | 30.79% | 33.15% | 34.02% | 37.03% |
D&A For EBITDA | 305 | 301 | 264 | 191 | 190 | 201 |
EBIT | 2,642 | 2,493 | 2,324 | 2,137 | 2,023 | 1,924 |
EBIT Margin | 27.03% | 26.43% | 27.65% | 30.43% | 31.10% | 33.52% |
Effective Tax Rate | 2.43% | 28.68% | 20.12% | - | - | 8.07% |
Revenue as Reported | 9,775 | 9,434 | 8,406 | 7,022 | 6,505 | 5,739 |
Advertising Expenses | - | 1,292 | 1,268 | 1,201 | 1,032 | 962 |