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Friday 6 November 2026 Export QSR’s income statement to Excel — free account

Restaurant Brands International Inc.

QSR Consumer Cyclical Restaurants

Restaurant Brands International Inc.’s revenue for fiscal 2025 (year ended December 2025) was $9.4 billion, up 12.2% from fiscal 2024.

Revenue
+3.10%
EPS
+110.1%
Free cash flow
−8.26%
Total debt
−2.06%

Quarter to September 2026, against a year earlier

78.27 0.11 −0.14%
Market cap
$35.5B
P/E
16.3×
Fwd P/E
14.7×
Dividend yield
3.28%
F-score
6/9
Altman Z
1.41
Beneish M
−2.41
Dividend safety
30/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Restaurant Brands International Inc. (QSR) Operating margin

Alert me on Operating margin

Restaurant Brands International Inc.'s operating margin over the twelve months to 30 September 2026 was 27.1%, up 3.6 percentage points from fiscal 2025 (23.5%). Over the past ten years it has ranged from 23.5% (fiscal 2025) to 40.7% (fiscal 2016) — the current reading is the lowest in ten years. That is above the Restaurants industry median of 4.59% and above the Consumer Cyclical sector median of 3.88%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 23.5% (6.14)
FY2024 29.6% 0.28
FY2023 29.3% 0.82
FY2022 28.5% (4.17)
FY2021 32.7% 4.83
FY2020 27.8% (8.18)
FY2019 36.0% (0.18)
FY2018 36.2% (1.98)
FY2017 38.2% (2.51)
FY2016 40.7% 11.37

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 27.8% (0.69)
Jun 2026 28.5% 1.63
Mar 2026 26.9% 1.72
Dec 2025 25.1% (2.01)
43 more quarters

Against its own ten years

Low 23.5% High 40.7%
Ten-year median 29.6%
Current reading's percentile 14

Operating margin against peers

Company Operating margin
YUM Yum! Brands, Inc. compare 49.5%
QSR Restaurant Brands International Inc. 27.1%
DPZ Domino's Pizza Inc compare 19.7%
CMG Chipotle Mexican Grill, Inc. compare 14.1%
DRI Darden Restaurants, Inc. compare 11.7%
YUMC Yum China compare 11.3%
EAT Brinker International, Inc. compare 11.0%
SBUX Starbucks Corporation compare 9.74%
TXRH Texas Roadhouse, Inc. compare 7.75%
Restaurants industry median 4.59%
Consumer Cyclical sector median 3.88%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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