# Restaurant Brands International Inc.: overview

QSR · NYSE · CIK 1618756 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/qsr.md) · [Financials](/companies/qsr/financials.md) · [Filings](/companies/qsr/filings.md) · [Insiders](/companies/qsr/insiders.md)

Latest reported revenue: [$2.52bn](/filings/0001618756-26-000056.md) for Q3 FY2026, three months to 2026-09-30, from the 10-Q filed Oct 29, 2026 (XBRL us-gaap:Revenues, accession 0001618756-26-000056).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [2,296 d](/filings/0001618756-26-000017.md) | [2,109](/filings/0001618756-26-000029.md) | [2,410](/filings/0001618756-26-000045.md) | [2,449](/filings/0001618756-26-000056.md) | [2,466 d](/filings/0001618756-26-000017.md) | [2,264](/filings/0001618756-26-000029.md) | [2,520](/filings/0001618756-26-000045.md) | [2,525](/filings/0001618756-26-000056.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [27.7% d](/filings/0001618756-26-000017.md) | [20.6%](/filings/0001618756-26-000029.md) | [20.0%](/filings/0001618756-26-000045.md) | [27.1%](/filings/0001618756-26-000056.md) | [25.2% d](/filings/0001618756-26-000017.md) | [26.8%](/filings/0001618756-26-000029.md) | [28.4%](/filings/0001618756-26-000045.md) | [27.6%](/filings/0001618756-26-000056.md) |
| Net margin | % | [15.7% d](/filings/0001618756-26-000017.md) | [10.5%](/filings/0001618756-26-000056.md) | [10.9%](/filings/0001618756-26-000056.md) | [17.8%](/filings/0001618756-26-000056.md) | [6.3% d](/filings/0001618756-26-000017.md) | [19.7%](/filings/0001618756-26-000056.md) | [26.4%](/filings/0001618756-26-000056.md) | [27.9%](/filings/0001618756-26-000056.md) |
| Diluted EPS | $ per share | not reported | [0.49](/filings/0001618756-26-000029.md) | [0.57](/filings/0001618756-26-000045.md) | [0.96](/filings/0001618756-26-000056.md) | not reported | [0.97](/filings/0001618756-26-000029.md) | [1.45](/filings/0001618756-26-000045.md) | [1.54](/filings/0001618756-26-000056.md) |
| Free cash flow | $m | [404 d](/filings/0001618756-26-000017.md) | [54.0](/filings/0001618756-26-000029.md) | [411 d](/filings/0001618756-26-000045.md) | [531 d](/filings/0001618756-26-000056.md) | [453 d](/filings/0001618756-26-000017.md) | [169](/filings/0001618756-26-000029.md) | [479 d](/filings/0001618756-26-000045.md) | [479 d](/filings/0001618756-26-000056.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [5,739](/filings/0001618756-24-000020.md) | [6,505](/filings/0001618756-25-000087.md) | [7,022](/filings/0001618756-26-000017.md) | [8,406](/filings/0001618756-26-000017.md) | [9,434](/filings/0001618756-26-000017.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [32.7%](/filings/0001618756-24-000020.md) | [29.2%](/filings/0001618756-25-000087.md) | [29.2%](/filings/0001618756-26-000017.md) | [28.8%](/filings/0001618756-26-000017.md) | [23.3%](/filings/0001618756-26-000017.md) |
| Net margin | % | [21.8%](/filings/0001618756-24-000020.md) | [22.8%](/filings/0001618756-25-000087.md) | [24.5%](/filings/0001618756-26-000017.md) | [17.2%](/filings/0001618756-26-000017.md) | [11.4%](/filings/0001618756-26-000017.md) |
| Diluted EPS | $ per share | [2.69](/filings/0001618756-24-000020.md) | [3.25](/filings/0001618756-25-000087.md) | [3.76](/filings/0001618756-26-000017.md) | [3.18](/filings/0001618756-26-000017.md) | [2.35](/filings/0001618756-26-000017.md) |
| Free cash flow | $m | [1,620](/filings/0001618756-24-000020.md) | [1,390](/filings/0001618756-25-000087.md) | [1,203](/filings/0001618756-26-000017.md) | [1,302](/filings/0001618756-26-000017.md) | [1,449](/filings/0001618756-26-000017.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/qsr/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Capital World Investors](/funds/1422849.md) | 2026-06-30 | $3.18bn | 43,862,952 |  | Added +1,004,917 |
| [PERSHING SQUARE INC.](/funds/2026053.md) | 2026-06-30 | $1.87bn | 25,821,284 |  | New +25,821,284 |
| [Pershing Square Capital Management, L.P.](/funds/1336528.md) | 2026-03-31 | $1.67bn | 22,645,483 |  | Not compared |
| [ROYAL BANK OF CANADA](/funds/1000275.md) | 2026-06-30 | $1.47bn | 20,236,317 |  | Added +1,850,185 |
| [EdgePoint Investment Group Inc.](/funds/1481669.md) | 2026-06-30 | $1.24bn | 17,171,552 |  | Reduced −2,176,585 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $1.10bn | 15,228,770 |  | Added +7,239,262 |
| [BANK OF MONTREAL /CAN/](/funds/927971.md) | 2026-06-30 | $818.5m | 11,295,632 |  | Added +2,283,680 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $760.8m | 10,489,509 |  | Added +178,393 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $610.5m | 8,417,025 |  | Added +159,170 |
| [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $530.1m | 7,310,590 |  | Added +197,151 |

## Recent filings

[All 1,337 filings](/companies/qsr/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-29 | 16:16 ET | [10-Q](/filings/0001618756-26-000056.md) | Quarterly report, period 2026-09-30 | 0001618756-26-000056 |
| 2026-10-29 | 06:34 ET | [8-K](/filings/0001618756-26-000051.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001618756-26-000051 |
| 2026-08-12 | 17:30 ET | [SCHEDULE 13D/A](/filings/0000950142-26-002324.md) | Ownership report, active investor, amended | 0000950142-26-002324 |
| 2026-08-10 | 17:30 ET | [SCHEDULE 13D/A](/filings/0000950142-26-002298.md) | Ownership report, active investor, amended | 0000950142-26-002298 |
| 2026-08-10 | 16:49 ET | [8-K](/filings/0001618756-26-000047.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001618756-26-000047 |
| 2026-08-06 | 16:20 ET | [10-Q](/filings/0001618756-26-000045.md) | Quarterly report, period 2026-06-30 | 0001618756-26-000045 |
| 2026-08-06 | 06:32 ET | [8-K](/filings/0001618756-26-000041.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001618756-26-000041 |
| 2026-06-03 | 16:32 ET | [8-K](/filings/0001618756-26-000037.md) | 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001618756-26-000037 |
| 2026-05-08 | 20:45 ET | [SCHEDULE 13D/A](/filings/0001140361-26-020328.md) | Ownership report, active investor, amended | 0001140361-26-020328 |
| 2026-05-06 | 16:24 ET | [10-Q](/filings/0001618756-26-000029.md) | Quarterly report, period 2026-03-31 | 0001618756-26-000029 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001618756-26-000017.md), filed Feb 20, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, has been scored from the reported figures. [See the target](/leagues/2026q3/targets/25f40e6b-1851-494d-8148-c8e69131c533)

## About the filer

- CIK: 1618756
- Tickers: QSR
- Exchange: NYSE
- SIC code: 5812 Retail-Eating  Places
- State of incorporation: A6
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 12:43 ET. No prices; not investment advice.