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Restaurant Brands International QSR Q3 2025 earnings

Reported October 30, 2025 · Before market open

Revenue$2.4BBeat by $57.5MDiluted EPS$1.03Beat by $0.03
Revenue estimate$2.4B
EPS estimate$1.00

Next report

Aug 6, 2026 (In 3 weeks)
Revenue estimate$2.5B
EPS estimate$1.03

Financials

Q3 2025

Income statement

See full
Revenue$2.4B+6.9%
Operating income$663.0M+14.9%
Net income$436.0M+22.1%
EPS (diluted)$0.96+21.5%

Balance sheet

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Cash & equivalents$1.2B+2.6%
Total debt$15.8B-0.8%
Total equity$3.4B+4.5%
Total assets$25.7B+2.4%

Cash flow

See full
Operating cash flow$592.0M+9.6%
CapEx$61.0M+10.9%
Free cash flow$531.0M+9.5%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$21.03B-8.0%
Enterprise value$35.62B-5.3%
P/E16.4×+3.8×
P/S2.3×-0.6×

Profitability

See full
Operating margin23.9%-4.5pp
Net margin13.8%-9.0pp
FCF margin15.1%-0.7pp

Returns & leverage

See full
Return on equity38.7%-20.2pp
Debt / equity4.7×-0.2×
Current ratio1.1×0.0×

Segments

By segment

See full
TH$1.1B+7.8%
RH$459.0M+4.1%
BK$387.0M+6.9%
INTL$268.0M+10.3%
PLK$201.0M+3.1%

By product

See full
Royalties$520.0M+5.9%
Advertising revenues and other services$314.0M+8.3%
Franchise fees and other revenue$41.0M+28.1%
Supply chain sales$4.0M—

Versus estimates

Revenue

Q1 2026$2.3BBeat by $20.0MQ4 2025$2.5BBeat by $54.4M
Q3 2025$2.4BBeat by $57.5M
Q2 2025$2.4BBeat by $69.0MQ1 2025$2.1BMiss by $40.7MQ4 2024$2.3BBeat by $28.1M

Diluted EPS

Q1 2026$0.86Beat by $0.03Q4 2025$0.96Beat by $0.01
Q3 2025$1.03Beat by $0.03
Q2 2025$0.94Miss by $0.03Q1 2025$0.75Miss by $0.03Q4 2024$0.81Miss by $0.29

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Questions, answered.

When did Restaurant Brands International report Q3 2025 earnings?
Restaurant Brands International (QSR) reported Q3 2025 earnings on October 30, 2025 before market open.
What were Restaurant Brands International's Q3 2025 revenue and EPS?
Restaurant Brands International reported revenue of $2.4B and diluted EPS of $1.03 for Q3 2025.
Did Restaurant Brands International beat estimates in Q3 2025?
Revenue beat the consensus estimate of $2.4B by $57.5M. EPS beat the consensus estimate of $1.00 by $0.03.
How did Restaurant Brands International's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 6.9% from $2.3B a year earlier and diluted EPS grew 10.8% from $0.93.
Where can I find Restaurant Brands International's Q3 2025 SEC filings?
You can read the 10-Q periodic report (0001618756-25-000300) directly on SEC EDGAR. The filing index links above go to sec.gov.