Restaurant Brands International QSR Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total revenues by Business | ||||||
| BK | $1.52B+0.6% | $1.51B+0.6% | $1.51B+1.7% | $1.48B+1.6% | $1.46B+0.4% | |
| FHS | $239M+2.6% | $233M+0.9% | $231M+3.1% | $224M+2.8% | $218M+1.9% | |
| INTL | $1.04B+3.6% | $999M+2.7% | $973M+2.6% | $948M+1.8% | $931M-0.4% | |
| PLK | $796M-0.5% | $800M-0.7% | $806M+0.8% | $800M+2.0% | $784M+2.1% | |
| RH | $1.86B+0.9% | $1.84B+1.9% | $1.81B+1.0% | $1.79B+15.4% | $1.55B+38.7% | |
| TH | $4.34B+2.2% | $4.25B+2.6% | $4.14B+2.0% | $4.06B+1.3% | $4B-0.9% | |
| Total by Business | ||||||
| BK | $208M-5.5% | $220M-2.7% | $226M+1.3% | $223M0.0% | $223M+1.4% | |
| FHS | $38M+2.7% | $37M+2.8% | $36M0.0% | $36M0.0% | $36M0.0% | |
| INTL | $0— | $0— | $0— | $0— | $0— | |
| PLK | $158M-0.6% | $159M-1.2% | $161M+0.6% | $160M+7.4% | $149M+15.5% | |
| RH | $1.63B+1.4% | $1.61B+2.1% | $1.58B+1.2% | $1.56B+15.8% | $1.34B+39.3% | |
| TH | $2.43B+2.9% | $2.36B+4.2% | $2.27B+2.7% | $2.21B+2.3% | $2.16B-1.0% | |
| Property revenues by Business | ||||||
| BK | $221M+1.8% | $217M0.0% | $217M-0.5% | $218M+1.4% | $215M-1.8% | |
| FHS | $0— | $0— | $0— | $0— | $0— | |
| INTL | $1M-50.0% | $2M+100% | $1M-50.0% | $2M-33.3% | $3M+50.0% | |
| PLK | $15M-6.3% | $16M0.0% | $16M+6.7% | $15M0.0% | $15M+7.1% | |
| RH | $0— | $0— | $0— | $0— | $0— | |
| TH | $635M+1.4% | $626M+0.6% | $622M+0.6% | $618M+1.0% | $612M-1.6% | |
| Segment G&A by Business | ||||||
| BK | $126M-3.1% | $130M-1.5% | $132M-1.5% | $134M-3.6% | $139M0.0% | |
| FHS | $50M-2.0% | $51M0.0% | $51M+2.0% | $50M-2.0% | $51M0.0% | |
| INTL | $198M-0.5% | $199M+1.5% | $196M-0.5% | $197M-1.0% | $199M-0.5% | |
| PLK | $72M-4.0% | $75M-5.1% | $79M-2.5% | $81M-2.4% | $83M-1.2% | |
| RH | $96M0.0% | $96M+2.1% | $94M0.0% | $94M+13.3% | $83M+40.7% | |
| TH | $137M-2.1% | $140M-4.1% | $146M-2.0% | $149M-2.6% | $153M-3.2% | |
| Income (Loss) from Equity Method Investments by Business | ||||||
| BK | $1M0.0% | $1M— | $0— | $0-100% | $77M-1.3% | |
| FHS | $0— | $0— | $0— | $0— | $0— | |
| INTL | -$7M-75.0% | -$4M-100% | -$2M+71.4% | -$7M+65.0% | -$20M+16.7% | |
| PLK | $0— | $0— | $0— | $0— | $0— | |
| RH | $0— | $0— | $0— | $0— | $0— | |
| TH | $14M0.0% | $14M0.0% | $14M0.0% | $14M0.0% | $14M-6.7% | |
| Advertising expenses and other services by Business | ||||||
| BK | $577M+1.6% | $568M-3.6% | $589M+1.4% | $581M+2.8% | $565M+1.3% | |
| FHS | $80M+5.3% | $76M-2.6% | $78M+4.0% | $75M+4.2% | $72M+2.9% | |
| INTL | $91M-2.2% | $93M+2.2% | $91M0.0% | $91M+1.1% | $90M-1.1% | |
| PLK | $306M+0.7% | $304M-0.7% | $306M+1.7% | $301M+0.7% | $299M-1.6% | |
| RH | $94M+2.2% | $92M+4.5% | $88M+4.8% | $84M+20.0% | $70M+42.9% | |
| TH | $328M+5.1% | $312M+1.3% | $308M-0.3% | $309M+2.0% | $303M-1.3% | |
| Segment F&P expenses by Business | ||||||
| BK | $134M+2.3% | $131M-3.0% | $135M+4.7% | $129M+5.7% | $122M0.0% | |
| FHS | $11M0.0% | $11M0.0% | $11M+10.0% | $10M+11.1% | $9M+12.5% | |
| PLK | $15M+7.1% | $14M+16.7% | $12M+9.1% | $11M+10.0% | $10M+11.1% | |
| RH | $0— | $0— | $0— | $0— | $0— | |
| TH | $335M+1.2% | $331M+2.2% | $324M+1.3% | $320M-2.4% | $328M-0.6% | |
| Number of restaurants in operation by Business | ||||||
| BK | 79.1K+0.2% | 78.9K+0.2% | 78.7K+0.2% | 78.6K+0.3% | 78.4K+0.4% | |
| PLK | 21.1K+2.0% | 20.7K+2.1% | 20.3K+2.1% | 19.9K+1.8% | 19.5K+2.0% | |
| TH | 24.6K+0.7% | 24.5K+0.8% | 24.3K+1.0% | 24K+1.0% | 23.8K+0.9% | |
| CapEx by Business | ||||||
| BK | $32M0.0% | $32M-27.3% | $44M-17.0% | $53M-17.2% | $64M-11.1% | |
| FHS | $6M0.0% | $6M0.0% | $6M0.0% | $6M0.0% | $6M0.0% | |
| INTL | $12M0.0% | $12M0.0% | $12M0.0% | $12M+9.1% | $11M-8.3% | |
| PLK | $17M+6.3% | $16M-15.8% | $19M-5.0% | $20M-16.7% | $24M+4.3% | |
| RH | $145M0.0% | $145M-4.0% | $151M+30.2% | $116M+13.7% | $102M+18.6% | |
| TH | $59M0.0% | $59M+13.5% | $52M+20.9% | $43M-4.4% | $45M-6.3% | |
| Indefinite-lived intangible assets: by Business | ||||||
| BK | $8.58B+0.5% | $8.54B+0.9% | $8.46B+0.4% | $8.42B+0.7% | $8.36B0.0% | |
| FHS | $3.26B0.0% | $3.26B0.0% | $3.26B— | —— | —— | |
| PLK | $5.42B0.0% | $5.42B0.0% | $5.42B0.0% | $5.42B0.0% | $5.42B0.0% | |
| TH | $24.79B+0.7% | $24.61B+1.0% | $24.36B-0.6% | $24.52B+0.1% | $24.49B-1.3% | |
| Cash distributions received from equity method investments by Business | ||||||
| BK | $0— | $0— | $0— | $0— | $0— | |
| FHS | $0— | $0— | $0— | $0— | $0— | |
| INTL | $0— | $0— | $0— | $0— | $0— | |
| PLK | $0— | $0— | $0— | $0— | $0— | |
| RH | $0— | $0— | $0— | $0— | $0— | |
| TH | $16M0.0% | $16M+6.7% | $15M0.0% | $15M0.0% | $15M0.0% | |
| D&A by Business | ||||||
| BK | $50M-2.0% | $51M-1.9% | $52M0.0% | $52M+2.0% | $51M+4.1% | |
| FHS | $4M0.0% | $4M-20.0% | $5M0.0% | $5M0.0% | $5M0.0% | |
| INTL | $29M0.0% | $29M0.0% | $29M+3.6% | $28M0.0% | $28M+3.7% | |
| PLK | $15M+7.1% | $14M-6.7% | $15M+7.1% | $14M+7.7% | $13M0.0% | |
| RH | $100M+7.5% | $93M+1.1% | $92M-2.1% | $94M+19.0% | $79M+33.9% | |
| TH | $109M0.0% | $109M-0.9% | $110M-0.9% | $111M0.0% | $111M-0.9% | |
| Goodwill by Business | ||||||
| BK | $1.43B+20.2% | $1.19B+11.0% | $1.07B+12.5% | $954M+14.3% | $835M-12.7% | |
| FHS | $776M+0.1% | $775M+0.1% | $774M0.0% | $774M+0.1% | $773M— | |
| INTL | $2.1B+2.4% | $2.05B+8.9% | $1.88B+6.6% | $1.77B+6.9% | $1.65B+7.0% | |
| PLK | $3.38B0.0% | $3.38B0.0% | $3.38B0.0% | $3.38B0.0% | $3.38B0.0% | |
| RH | $1.48B+0.1% | $1.48B-7.6% | $1.6B-6.2% | $1.7B-5.1% | $1.79B— | |
| TH | $15.92B+0.7% | $15.81B+1.0% | $15.65B-0.6% | $15.75B+0.1% | $15.73B-1.3% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Product | ||||||
| Franchise fees and other revenue | $154M+2.0% | $151M0.0% | $151M+6.3% | $142M0.0% | $142M0.0% | |
| Royalties | $2.02B+2.2% | $1.98B+1.5% | $1.95B+1.5% | $1.92B+0.4% | $1.91B-1.4% | |
| Total by Product | ||||||
| Food, beverage, and packaging costs | $549M+2.2% | $537M+4.1% | $516M+2.6% | $503M+16.2% | $433M+38.8% | |
| Restaurant occupancy expense and other | $484M+1.9% | $475M+1.3% | $469M-0.2% | $470M+14.9% | $409M+38.2% | |
| Restaurant wages and related expenses | $596M+0.2% | $595M+0.8% | $590M+1.2% | $583M+15.9% | $503M+40.5% | |
| Total revenues by Geography | ||||||
| CANADA | $3.93B+2.3% | $3.85B+2.2% | $3.76B+2.0% | $3.69B+1.3% | $3.64B-1.1% | |
| Other | $1.07B+4.1% | $1.03B+4.5% | $987M+3.0% | $958M+2.1% | $938M-0.1% | |
| United States | $4.58B+0.6% | $4.56B+1.0% | $4.51B+1.3% | $4.46B+6.3% | $4.2B+10.9% |
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Compare these in charts →Questions, answered.
- How does Restaurant Brands International break its business down?
- Restaurant Brands International (QSR) reports total revenues by business across 6 parts — BK, FHS, INTL, PLK and RH. Each is extracted from the segment footnotes and tracked over time.
- Where does Restaurant Brands International's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Restaurant Brands International's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
