Restaurant Brands International Financial Statements
NYSE: QSRConsumer DiscretionaryRestaurantsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Restaurant Brands International revenue and earnings
In fiscal 2025, Restaurant Brands International generated $9.43 billion in revenue, up 12.2% from fiscal 2024, its 5th consecutive year of revenue growth. Net income was $1.07 billion (-25.6% year over year), for a net margin of 11.4% versus a median of 21.8% in the prior 5 years. Operating margin was 23.3%.
Diluted earnings per share came in at $2.35, down from $3.18. Over the last 5 fiscal years, QSR's revenue has grown at a 13.7% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Restaurant Brands International income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9.43B | 8.41B | 7.02B | 6.50B | 5.74B | 4.97B | 5.60B | 5.36B | 4.58B | 4.15B |
| Revenue growth (YoY) | +12.23% | +19.71% | +7.95% | +13.35% | +15.52% | -11.33% | +4.59% | +17.07% | +10.37% | +2.31% |
| Cost of Revenue | — | — | 2.44B | 2.31B | 1.89B | 1.61B | 1.81B | 1.82B | 1.85B | 1.73B |
| Gross Profit | — | — | 4.59B | 4.19B | 3.85B | 3.36B | 3.79B | 3.54B | 2.73B | 2.42B |
| Operating Expenses | — | — | 2.54B | 2.29B | 1.97B | 1.94B | 1.78B | 1.62B | 991.00M | 752.00M |
| Selling, General & Admin | — | — | — | — | — | 1.26B | 1.26B | 1.21B | 416.00M | 319.00M |
| Operating Income | 2.20B | 2.42B | 2.05B | 1.90B | 1.88B | 1.42B | 2.01B | 1.92B | 1.74B | 1.67B |
| Pretax Income | 1.68B | 1.81B | 1.45B | 1.36B | 1.36B | 816.00M | 1.45B | 1.38B | 1.10B | 1.20B |
| Income Tax | 483.00M | 364.00M | -265.00M | -117.00M | 110.00M | 66.00M | 341.00M | 238.00M | -134.00M | 244.00M |
| Net Income | 1.07B | 1.45B | 1.72B | 1.48B | 1.25B | 750.00M | 1.11B | 1.14B | 1.24B | 956.00M |
| Net Income growth (YoY) | -25.61% | -15.89% | +15.92% | +18.28% | +67.07% | -32.49% | -2.88% | -7.37% | +29.18% | +86.83% |
| EPS (Basic) | 2.36 | 3.21 | 3.82 | 3.28 | 2.71 | 1.61 | 2.40 | 2.46 | 2.64 | 1.48 |
| EPS (Diluted) | 2.35 | 3.18 | 3.76 | 3.25 | 2.69 | 1.60 | 2.37 | 2.42 | 2.54 | 1.45 |
| Shares Outstanding (Basic) | 329.00M | 319.00M | 312.00M | 307.00M | 310.00M | 302.00M | 268.00M | 249.00M | 237.00M | 233.00M |
| Shares Outstanding (Diluted) | 457.00M | 454.00M | 456.00M | 455.00M | 464.00M | 468.00M | 469.00M | 473.00M | 477.00M | 470.00M |
| EBITDA | 2.50B | 2.68B | 2.24B | 2.09B | 2.08B | 1.61B | 2.19B | 2.10B | 1.92B | 1.84B |
| Gross Margin | — | — | 65.32% | 64.46% | 67.07% | 67.59% | 67.64% | 66.06% | 59.57% | 58.35% |
| Operating Margin | 23.34% | 28.78% | 29.21% | 29.18% | 32.74% | 28.62% | 35.82% | 35.78% | 37.92% | 40.21% |
| Net Margin | 11.39% | 17.19% | 24.47% | 22.78% | 21.83% | 15.10% | 19.83% | 21.36% | 26.99% | 23.06% |
This table shows 10 annual periods of Restaurant Brands International's income statement, from FY 2025 back to FY 2016, across 17 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow QSR's reporting calendar. What is a income statement?