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Restaurant Brands International QSR Franchise And Property Costs

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$2.5M-10.7%

Other financials

Income statement

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Revenue$2.5B+4.6%
Gross profit$1.1B+8.9%
Operating income$716.0M+48.2%
Net income$665.0M+153%
EPS (diluted)$1.45+154%

Balance sheet

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Cash & equivalents$1.1B+3.6%
Total debt$15.6B-2.0%
Total equity$3.9B+16.1%
Total assets$25.0B-2.6%

Cash flow

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Operating cash flow$530.0M+18.0%
CapEx$51.0M+34.2%
Free cash flow$479.0M+16.5%

Valuation

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Market cap$25.41B+19.0%
Enterprise value$39.96B+10.2%
P/E14.9×-2.8×
P/S2.6×+0.3×

Profitability

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Gross margin65.3%+0.9pp
Operating margin26.9%+3.5pp
Net margin17.5%+4.3pp
FCF margin16.8%+2.0pp

Returns & leverage

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Return on equity47.5%+9.8pp
Debt / equity4.1×-0.7×
Current ratio0.0×

Where this comes from

Reported directly by Restaurant Brands International in its filing.

Tagged under the XBRL concept qsr:FranchiseAndPropertyCosts.

The source filing: Restaurant Brands International’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:20 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001618756-26-000045
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Operating costs and expenses:
Supply chain cost of sales6355891,1991,085
Company restaurant expenses508498985966
Franchise and property expenses139144258274
Advertising expenses and other services369364710675
General and administrative expenses181188361379
(Income) loss from equity method investments(2)(5)(4)(10)
Other operating expenses (income), net(26)149(47)232

Item 1. Financial Statements

FAQ

What is Restaurant Brands International's franchise and property costs?
Restaurant Brands International (QSR) reported franchise and property costs of $139M in Q2 2026.
How has Restaurant Brands International's franchise and property costs changed year-over-year?
Restaurant Brands International's franchise and property costs decreased by 3.5% year-over-year, from $144M to $139M.
What is the long-term trend for Restaurant Brands International's franchise and property costs?
Over 4 years (2021 to 2025), Restaurant Brands International's franchise and property costs has grown at a 3.1% compound annual growth rate (CAGR), from $489M to $552M.
What does franchise and property costs mean?
Franchise And Property Costs as reported by Restaurant Brands International Inc..

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