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Restaurant Brands International QSR Restaurant wages and related expenses — Total

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Other financials

Income statement

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Revenue$2.3B+7.3%
Gross profit$1.1B+8.9%
Operating income$606.0M+39.3%
Net income$445.0M+101%
EPS (diluted)$0.97+98.0%

Balance sheet

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Cash & equivalents$1.0B+12.6%
Total debt$15.6B-1.5%
Total equity$3.7B+20.1%
Total assets$24.9B0.0%

Cash flow

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Operating cash flow$227.0M+92.4%
CapEx$58.0M-9.4%
Free cash flow$169.0M+213%

Valuation

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Market cap$25.79B+20.2%
Enterprise value$40.43B+11.2%
P/E19.9×+2.0×
P/S2.7×+0.3×

Profitability

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Gross margin65.3%+0.9pp
Operating margin24.7%-1.6pp
Net margin13.5%-1.7pp
FCF margin16.3%+2.2pp

Returns & leverage

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Return on equity37.9%-6.1pp
Debt / equity4.2×-0.9×
Current ratio1×0.0×

Where this comes from

Reported directly by Restaurant Brands International in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Restaurant Brands International’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Restaurant Brands International's restaurant wages and related expenses — total?
Restaurant Brands International (QSR) reported restaurant wages and related expenses — total of $146M in Q1 2026.
How has Restaurant Brands International's restaurant wages and related expenses — total changed year-over-year?
Restaurant Brands International's restaurant wages and related expenses — total increased by 0.7% year-over-year, from $145M to $146M.
What does restaurant wages and related expenses — total mean?
This metric represents the total expenditure on employee compensation, benefits, payroll taxes, and related labor costs incurred by company-owned restaurant operations. It serves as a primary indicator of labor intensity and operational efficiency within the firm's direct-operated store footprint. Monitoring these costs is essential for assessing the impact of wage inflation and labor productivity on the company's overall restaurant-level margins.