Restaurant Brands International QSR Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total revenues by Business | ||||||
| BK | $365M+2.5% | $383M+2.4% | $387M+6.9% | $388M+6.6% | $356M+1.7% | |
| FHS | $60M+11.1% | $60M+3.4% | $60M+13.2% | $59M+11.3% | $54M+8.0% | |
| INTL | $254M+16.5% | $263M+11.0% | $268M+10.3% | $250M+7.3% | $218M-1.8% | |
| PLK | $190M-2.1% | $195M-3.0% | $201M+3.1% | $210M+8.2% | $194M+9.0% | |
| RH | $448M+3.7% | $480M+7.9% | $459M+4.1% | $469M+104% | $432M— | |
| TH | $997M+10.4% | $1.14B+10.5% | $1.13B+7.8% | $1.08B+5.1% | $903M-3.8% | |
| Total by Business | ||||||
| BK | $43M-21.8% | $49M-10.9% | $59M+5.4% | $57M0.0% | $55M+5.8% | |
| FHS | $10M+11.1% | $10M+11.1% | $9M0.0% | $9M0.0% | $9M0.0% | |
| INTL | $0— | $0— | $0— | $0— | $0— | |
| PLK | $38M-2.6% | $41M-4.7% | $39M+2.6% | $40M+37.9% | $39M+105% | |
| RH | $401M+5.8% | $420M+8.5% | $403M+4.9% | $406M+109% | $379M— | |
| TH | $564M+13.7% | $659M+16.8% | $619M+10.7% | $589M+9.1% | $496M-4.1% | |
| Adjusted Operating Income (Loss) by Business | ||||||
| BK | $115M+11.7% | —— | —— | —— | $103M— | |
| FHS | $14M+27.3% | —— | —— | —— | $11M— | |
| INTL | $196M+42.0% | —— | —— | —— | $138M— | |
| PLK | $57M-5.0% | —— | —— | —— | $60M— | |
| RH | -$1M-114% | —— | —— | —— | $7M— | |
| TH | $229M+4.1% | —— | —— | —— | $220M— | |
| Property revenues by Business | ||||||
| BK | $56M+7.7% | $56M0.0% | $54M-1.8% | $55M+5.8% | $52M-7.1% | |
| FHS | $0— | $0— | $0— | $0— | $0— | |
| INTL | $0-100% | $1M— | $0-100% | $0-100% | $1M— | |
| PLK | $3M-25.0% | $4M0.0% | $4M+33.3% | $4M0.0% | $4M+33.3% | |
| RH | $0— | $0— | $0— | $0— | $0— | |
| TH | $146M+6.6% | $157M+2.6% | $166M+2.5% | $166M+3.8% | $137M-6.8% | |
| Segment G&A by Business | ||||||
| BK | $32M-11.1% | $33M-5.7% | $30M-6.3% | $31M-13.9% | $36M0.0% | |
| FHS | $13M-7.1% | $12M0.0% | $12M+9.1% | $13M-7.1% | $14M0.0% | |
| INTL | $51M-1.9% | $53M+6.0% | $47M-2.1% | $47M-4.1% | $52M-1.9% | |
| PLK | $18M-14.3% | $18M-18.2% | $17M-10.5% | $19M-9.5% | $21M-4.5% | |
| RH | $24M0.0% | $26M+8.3% | $23M0.0% | $23M+91.7% | $24M— | |
| TH | $34M-8.1% | $36M-14.3% | $33M-8.3% | $34M-10.5% | $37M-11.9% | |
| Income (Loss) from Equity Method Investments by Business | ||||||
| BK | $0— | $1M— | $0— | $0-100% | $0-100% | |
| FHS | $0— | $0— | $0— | $0— | $0— | |
| INTL | -$1M-150% | -$5M-66.7% | -$2M+71.4% | $1M+108% | $2M+200% | |
| PLK | $0— | $0— | $0— | $0— | $0— | |
| RH | $0— | $0— | $0— | $0— | $0— | |
| TH | $3M0.0% | $3M0.0% | $4M0.0% | $4M0.0% | $3M-25.0% | |
| Advertising expenses and other services by Business | ||||||
| BK | $141M+6.8% | $148M-12.4% | $141M+6.0% | $147M+12.2% | $132M+5.6% | |
| FHS | $21M+23.5% | $20M-9.1% | $19M+18.8% | $20M+17.6% | $17M+13.3% | |
| INTL | $21M-8.7% | $22M+10.0% | $25M0.0% | $23M+4.5% | $23M-4.2% | |
| PLK | $74M+2.8% | $73M-2.7% | $79M+6.8% | $80M+2.6% | $72M-6.5% | |
| RH | $23M+9.5% | $24M+20.0% | $23M+21.1% | $24M+140% | $21M— | |
| TH | $82M+24.2% | $76M+5.6% | $77M-1.3% | $93M+6.9% | $66M-5.7% | |
| Segment F&P expenses by Business | ||||||
| BK | $34M+9.7% | $32M-11.1% | $35M+20.7% | $33M+26.9% | $31M0.0% | |
| FHS | $2M0.0% | $2M0.0% | $5M+25.0% | $2M+100% | $2M+100% | |
| INTL | -$14M-380% | —— | $7M+40.0% | $9M— | $5M0.0% | |
| PLK | $3M+50.0% | $3M+200% | $3M+50.0% | $6M+20.0% | $2M+100% | |
| RH | $0— | $0— | $0— | $0— | $0— | |
| TH | $82M+5.1% | $84M+9.1% | $86M+4.9% | $83M-8.8% | $78M-2.5% | |
| Number of restaurants in operation by Business | ||||||
| BK | 19.9K+0.7% | 19.9K+0.9% | 19.6K+0.6% | 19.7K+1.1% | 19.7K+1.8% | |
| PLK | 5.4K+8.1% | 5.4K+8.7% | 5.2K+8.6% | 5.1K+7.4% | 5K+8.4% | |
| TH | 6.2K+2.7% | 6.2K+3.1% | 6.1K+4.2% | 6.1K+4.1% | 6K+3.8% | |
| CapEx by Business | ||||||
| BK | $5M0.0% | $14M-46.2% | $7M-56.3% | $6M-64.7% | $5M-61.5% | |
| FHS | $1M0.0% | $2M0.0% | $2M0.0% | $1M0.0% | $1M0.0% | |
| INTL | $2M0.0% | $3M0.0% | $3M0.0% | $4M+33.3% | $2M-33.3% | |
| PLK | $3M+50.0% | $8M-27.3% | $4M-20.0% | $2M-66.7% | $2M+100% | |
| RH | $16M0.0% | $50M-10.7% | $58M+152% | $21M+200% | $16M— | |
| TH | $5M0.0% | $30M+30.4% | $15M+150% | $9M-18.2% | $5M-37.5% | |
| Indefinite-lived intangible assets: by Business | ||||||
| BK | $2.14B+2.0% | $2.15B+3.8% | $2.15B+1.6% | $2.15B+2.9% | $2.09B+0.1% | |
| FHS | $816M0.0% | $816M0.0% | $816M— | $816M— | $816M— | |
| PLK | $1.36B0.0% | $1.36B0.0% | $1.36B0.0% | $1.36B0.0% | $1.36B0.0% | |
| TH | $6.15B+3.0% | $6.22B+4.2% | $6.15B-2.5% | $6.27B+0.5% | $5.97B-5.2% | |
| 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 | $3M0.0% | $5M+25.0% | $4M0.0% | $4M0.0% | $3M0.0% | |
| D&A by Business | ||||||
| BK | $12M-7.7% | $12M-7.7% | $13M0.0% | $13M+8.3% | $13M+18.2% | |
| FHS | $1M0.0% | $1M-50.0% | $1M0.0% | $1M0.0% | $1M0.0% | |
| INTL | $7M0.0% | $7M0.0% | $8M+14.3% | $7M0.0% | $7M+16.7% | |
| PLK | $4M+33.3% | $3M-25.0% | $4M+33.3% | $4M+33.3% | $3M0.0% | |
| RH | $27M+35.0% | $25M+4.2% | $24M-7.7% | $24M+167% | $20M— | |
| TH | $27M0.0% | $27M-3.6% | $27M-3.6% | $28M0.0% | $27M-3.6% | |
| Goodwill by Business | ||||||
| BK | $358M+206% | $358M+49.2% | $358M+49.8% | $358M+49.8% | $117M-51.0% | |
| FHS | $194M+0.5% | $194M+0.5% | $194M0.0% | $194M+0.5% | $193M— | |
| INTL | $542M+10.2% | $545M+44.6% | $506M+30.1% | $507M+29.0% | $492M+28.1% | |
| PLK | $844M0.0% | $844M0.0% | $844M0.0% | $844M0.0% | $844M0.0% | |
| RH | $364M+0.6% | $370M-24.6% | $371M-22.1% | $373M-19.8% | $362M— | |
| TH | $3.95B+2.8% | $4B+4.0% | $3.95B-2.4% | $4.03B+0.5% | $3.84B-5.0% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Product | ||||||
| Franchise fees and other revenue | $36M+9.1% | $36M0.0% | $41M+28.1% | $41M0.0% | $33M0.0% | |
| Royalties | $488M+9.7% | $512M+6.0% | $520M+5.9% | $500M+1.4% | $445M-5.9% | |
| Supply chain sales | $4M0.0% | —— | $4M0.0% | $4M-20.0% | $4M— | |
| Total by Product | ||||||
| Food, beverage, and packaging costs | $133M+9.9% | $146M+16.8% | $136M+10.6% | $134M+109% | $121M— | |
| Restaurant occupancy expense and other | $122M+8.0% | $123M+5.1% | $119M-0.8% | $120M+103% | $113M— | |
| Restaurant wages and related expenses | $146M+0.7% | $150M+3.4% | $148M+5.0% | $152M+111% | $145M— | |
| Total revenues by Geography | ||||||
| CANADA | $902M+10.7% | $1.01B+8.9% | $1.03B+7.6% | $992M+5.0% | $815M-4.8% | |
| Other | $263M+19.0% | $284M+18.3% | $273M+11.9% | $253M+8.6% | $221M-0.5% | |
| United States | $1.1B+2.4% | $1.17B+3.8% | $1.15B+5.1% | $1.17B+29.2% | $1.07B+62.3% |
Chart any of these lines over time, or line them up against competitors.
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.
