Restaurant Brands International Inc. (QSR) — Financial statements
Income statement, balance sheet, and cash flow for Restaurant Brands International Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 9,434↑12.2% | 8,406↑19.7% | 7,022↑7.9% | 6,505↑13.3% | 5,739 | |
| Cost of Revenue | 5,558↑3.3% | 5,382↑27.5% | 4,220↑8.0% | 3,907↑16.1% | 3,365 | |
| Gross Profit | 3,876↑28.2% | 3,024↑7.9% | 2,802↑7.9% | 2,598↑9.4% | 2,374 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 713↑3.2% | 691↑6.8% | 647↑15.3% | 561↑24.7% | 450 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 713↑3.2% | 691↑6.8% | 647↑15.3% | 561↑24.7% | 450 | |
| Other Expenses | 925↑1175.6% | -86↓182.7% | 104↓25.2% | 139↑208.9% | 45 | |
| Operating Expenses | 1,638↑170.7% | 605↓19.4% | 751↑7.3% | 700↑41.4% | 495 | |
| Total Costs & Expenses | 7,196↑20.2% | 5,987↑20.4% | 4,971↑7.9% | 4,607↑19.4% | 3,860 | |
| Operating Results | ||||||
| Operating Income | 2,238↓7.5% | 2,419↑17.9% | 2,051↑8.1% | 1,898↑1.0% | 1,879 | |
| Depreciation & Amortization | 224↓15.2% | 264↑38.2% | 191↑0.5% | 190↓5.5% | 201 | |
| EBITDA | 2,424↓9.0% | 2,664↑19.0% | 2,239↑8.3% | 2,067↑1.1% | 2,045 | |
| EBIT | 2,200↓8.3% | 2,400↑17.2% | 2,048↑9.1% | 1,877↑1.8% | 1,844 | |
| Interest & Other Income | ||||||
| Net Interest Income | -488↑36.2% | -765↓5.4% | -726↓35.7% | -535↓25.9% | -425 | |
| Interest Income | 28↓28.2% | 39↓2.5% | 40↑471.4% | 7↑133.3% | 3 | |
| Interest Expense | 516↓35.8% | 804↑5.0% | 766↑41.3% | 542↑26.6% | 428 | |
| Non-Operating Income | 38↑100.0% | 19↑533.3% | 3↓85.7% | 21↓40.0% | 35 | |
| Other Income / Expenses | -554↑9.2% | -610↓2.0% | -598↓12.2% | -533↓3.3% | -516 | |
| Income Before Tax | 1,684↓6.9% | 1,809↑24.5% | 1,453↑6.4% | 1,365↑0.1% | 1,363 | |
| Income Tax Expense | 483↑32.7% | 364↑237.4% | -265↓126.5% | -117↓206.4% | 110 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,201↓16.9% | 1,445↓15.9% | 1,718↑15.9% | 1,482↑18.3% | 1,253 | |
| Net Income from Discontinued Operations | -126 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 776↓24.0% | 1,021↓14.2% | 1,190↑18.1% | 1,008↑20.3% | 838 | |
| Bottom-Line Net Income | 1,074↓25.5% | 1,442↓15.9% | 1,715↑16.0% | 1,479↑18.4% | 1,249 | |
| EPS (Basic) | 2.36↓26.5% | 3.21↓16.0% | 3.82↑16.5% | 3.28↑21.0% | 2.71 | |
| EPS (Diluted) | 2.35↓26.1% | 3.18↓15.4% | 3.76↑15.7% | 3.25↑20.8% | 2.69 | |
| Weighted Average Shares | 334↑4.7% | 319↑2.2% | 312↑1.6% | 307↓1.0% | 310 | |
| Weighted Average Diluted Shares | 457↑0.7% | 454↓0.4% | 456↑0.2% | 455↓1.9% | 464 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.