Restaurant Brands International Inc. (QSR) Financial Statements
Industry: Eating Places (Retail)
In fiscal 2025, Restaurant Brands International reported revenue of $9.43B, up 12.2% from $8.41B the year before. Net income was $776.0M (a 8.2% net margin), or $2.35 per diluted share. Gross margin was 23.3% and operating margin was 23.3%. Operating activities generated $1.71B of cash, leaving $1.45B of free cash flow. At fiscal year end, Restaurant Brands International held $25.61B in total assets against $20.46B in total liabilities.
Open the full interactive Restaurant Brands International financials → Quarterly statements, key ratios, valuation history and price charts.
Restaurant Brands International Key Stats
| Share Price | $71.27 |
|---|---|
| Market Cap | $32.78B |
| P/E Ratio | 30.3 |
| Dividend Yield | 3.49% |
| Revenue YoY Growth | +12.2% |
| 52-Week Range | $63.39 – $80.85 |
| Shares Outstanding | 348.0 million (basic, 2026 Q2) |
Restaurant Brands International Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $4.97B | $5.74B | $6.50B | $7.02B | $8.41B | $9.43B |
| Cost of Goods Sold | $1.61B | $1.89B | $2.31B | $2.44B | $5.99B | $7.23B |
| Gross Profit | $3.36B | $3.85B | $4.19B | $4.59B | $2.42B | $2.20B |
| Operating Income | $1.42B | $1.88B | $1.90B | $2.05B | $2.42B | $2.20B |
| Pre-Tax Income | $816.0M | $1.36B | $1.36B | $1.45B | $1.81B | $1.68B |
| Income Tax | $66.0M | $110.0M | -$117.0M | -$265.0M | $364.0M | $483.0M |
| Net Income | $139.0M | $838.0M | $1.01B | $1.19B | $1.02B | $776.0M |
| Diluted EPS | $1.60 | $2.69 | $3.25 | $3.76 | $3.18 | $2.35 |
Restaurant Brands International Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.45B | $2.47B | $2.26B | $2.52B |
| Net Income | $315.0M | $113.0M | $338.0M | $507.0M |
| Diluted EPS | $0.96 | $0.25 | $0.97 | $1.45 |
Restaurant Brands International Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Current Assets | $2.26B | $1.82B | $2.05B | $2.17B | $2.28B | $2.83B |
| Total Assets | $22.78B | $23.25B | $22.75B | $23.39B | $24.63B | $25.61B |
| Current Liabilities | $1.60B | $1.88B | $2.12B | $2.14B | $2.36B | $2.89B |
| Total Long-Term Debt | $12.51B | $13.01B | $12.97B | $12.96B | $13.68B | $13.32B |
| Total Liabilities | $19.06B | $19.39B | $18.48B | $18.66B | $19.79B | $20.46B |
| Shareholders' Equity | $2.17B | $2.24B | $2.50B | $2.87B | $3.11B | $3.63B |
Restaurant Brands International Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $921.0M | $1.73B | $1.49B | $1.32B | $1.50B | $1.71B |
| Cash From Investing | -$79.0M | -$1.10B | -$64.0M | $11.0M | -$660.0M | -$318.0M |
| Cash From Financing | -$821.0M | -$1.09B | -$1.31B | -$1.37B | -$625.0M | -$1.44B |
| Free Cash Flow | $804.0M | $1.62B | $1.39B | $1.20B | $1.30B | $1.45B |
| Dividends Paid | $959.0M | $974.0M | $971.0M | $990.0M | $1.03B | $1.11B |
Figures from Restaurant Brands International's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Restaurant Brands International financials page for every line item.
Restaurant Brands International Company Profile
| Ticker | QSR |
|---|---|
| Exchange | NYSE |
| Industry | Eating Places (Retail) |
| Headquarters | Miami, Florida |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001618756 |
Frequently Asked Questions
What was Restaurant Brands International's revenue in fiscal 2025?
Restaurant Brands International (QSR) reported revenue of $9.43B for fiscal 2025.
What is Restaurant Brands International's annual revenue history?
Restaurant Brands International's annual revenue by fiscal year: 2020: $4.97B; 2021: $5.74B; 2022: $6.50B; 2023: $7.02B; 2024: $8.41B; 2025: $9.43B.
What was Restaurant Brands International's net income in fiscal 2025?
Restaurant Brands International reported net income of $776.0M for fiscal 2025.
What was Restaurant Brands International's earnings per share (EPS) in fiscal 2025?
Restaurant Brands International's diluted EPS was $2.35 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Restaurant Brands International generate in fiscal 2025?
Restaurant Brands International generated $1.45B of free cash flow in fiscal 2025.
What was Restaurant Brands International's revenue last quarter?
In its most recent reported quarter (2026 Q2), Restaurant Brands International reported revenue of $2.52B.
How much debt does Restaurant Brands International have?
Restaurant Brands International reported $13.32B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Restaurant Brands International are outstanding?
Restaurant Brands International reported a weighted average of 348.0 million basic shares outstanding in 2026 Q2.
What is Restaurant Brands International's market cap?
Based on its latest closing price, Restaurant Brands International (QSR) has a market capitalization of about $32.78B.
When does Restaurant Brands International's fiscal year end?
Restaurant Brands International's fiscal year end, as registered with the SEC, is December 31.
Where is Restaurant Brands International headquartered?
Restaurant Brands International lists its business address in Miami, Florida in its SEC filings.