Restaurant Brands International Inc. income statement
In fiscal 2025, Restaurant Brands International Inc. reported revenue of $9.43bn, up 12.2% on the year before, operating income of $2.20bn (a 23.3% margin) and net income of $776m, or $2.35 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,971 | 1,146 | 1,199 | 4,052 | 4,146 | 4,576 | 5,357 | 5,603 | 4,968 | 5,739 | 6,505 | 7,022 | 8,406 | 9,434 | 9,775 |
| Cost of revenue | — | — | — | — | 1,727 | 1,850 | 1,818 | 1,813 | 1,610 | 1,890 | 2,312 | 2,435 | — | — | — |
| Gross profit | 727 | 743 | 827 | — | 2,419 | 2,726 | 3,539 | 3,790 | 3,358 | 3,849 | 4,193 | 4,587 | — | — | — |
| Selling, general and administrative | 348 | 242 | 345 | 438 | 319 | 416 | 1,214 | 1,264 | 1,264 | — | — | — | — | — | — |
| General and administrative | — | — | — | — | — | — | — | — | — | 484 | 631 | 704 | 733 | 741 | 736 |
| Operating income | 418 | 522 | 181 | 1,192 | 1,667 | 1,735 | 1,917 | 2,007 | 1,422 | 1,879 | 1,898 | 2,051 | 2,419 | 2,202 | 2,639 |
| Provision for credit losses | — | — | — | — | — | — | — | — | 33 | −9 | 19 | 20 | 24 | 21 | — |
| Income before tax | 160 | 322 | −254 | 674 | 1,200 | 1,101 | 1,382 | 1,452 | 816 | 1,363 | 1,365 | 1,453 | 1,809 | 1,684 | 2,140 |
| Income tax | 42 | 89 | 15 | 162 | 244 | −134 | 238 | 341 | 66 | 110 | −117 | −265 | 364 | 483 | 52 |
| Net income | 118 | 234 | 158 | 104 | 346 | 626 | 612 | 643 | 486 | 838 | 1,008 | 1,190 | 1,021 | 776 | 1,500 |
| Diluted EPS | $0.33 | $0.65 | −$2.32 | $0.50 | $1.45 | $2.54 | $2.42 | $2.37 | $1.60 | $2.69 | $3.25 | $3.76 | $3.18 | $2.35 | $3.27 |
| Diluted shares (average) | 354m | 358m | 358m | 476m | 470m | 477m | 473m | 469m | 468m | 464m | 455m | 456m | 454m | 457m | 459m |
| EBITDA | 532 | 588 | 250 | 1,374 | 1,839 | 1,917 | 2,097 | 2,192 | 1,611 | 2,080 | 2,088 | 2,242 | 2,683 | 2,503 | 2,944 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,296 | 2,109 | 2,410 | 2,449 | 2,466 | 2,264 | 2,520 | 2,525 |
| General and administrative | 199 | 191 | 188 | 170 | 192 | 180 | 181 | 183 |
| Operating income | 635 | 435 | 483 | 663 | 621 | 606 | 716 | 696 |
| Income before tax | 500 | 305 | 351 | 534 | 494 | 483 | 592 | 571 |
| Income tax | 139 | 82 | 87 | 94 | 220 | 38 | −73 | −133 |
| Net income | 259 | 159 | 189 | 315 | 113 | 338 | 507 | 542 |
| Diluted EPS | $0.79 | $0.49 | $0.57 | $0.96 | $0.34 | $0.97 | $1.45 | $1.54 |
| EBITDA | 712 | 506 | 560 | 739 | 697 | 684 | 793 | 770 |
Compare with peers
- Yum! Brands income statement
- Yum China Holdings, Inc. income statement
- Chipotle Mexican Grill income statement
- Darden Restaurants income statement
- Texas Roadhouse, Inc. income statement
Head to head: QSR vs YUMQSR vs YUMCCMG vs QSRDRI vs QSR
More: Restaurants stocks compared, Consumer Discretionary sector, rankings of US companies