Restaurant Brands International QSR Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Total revenues by Business | |||||
| BK | $1.51B+4.4% | $1.45B+11.8% | $1.3B— | —— | |
| FHS | $233M+8.9% | $214M+14.4% | $187M+35.5% | $138M+2,660% | |
| INTL | $999M+6.8% | $935M+7.0% | $874M+16.4% | $751M+9.2% | |
| PLK | $800M+4.2% | $768M+11.0% | $692M+11.8% | $619M+10.7% | |
| RH | $1.84B+64.9% | $1.12B— | —— | —— | |
| TH | $4.25B+5.1% | $4.04B+1.7% | $3.97B+4.5% | $3.8B+14.1% | |
| Total by Business | |||||
| BK | $220M0.0% | $220M+144% | $90M+21.6% | $74M— | |
| FHS | $37M+2.8% | $36M+5.9% | $34M-2.9% | $35M— | |
| INTL | $0— | $0— | $0— | $0— | |
| PLK | $159M+23.3% | $129M+61.3% | $80M+11.1% | $72M— | |
| RH | $1.61B+66.6% | $965M— | —— | —— | |
| TH | $2.36B+8.4% | $2.18B-0.6% | $2.19B+4.8% | $2.09B— | |
| Property revenues by Business | |||||
| BK | $217M-0.9% | $219M-3.5% | $227M+2.3% | $222M+0.5% | |
| FHS | $0— | $0— | $0— | $0— | |
| INTL | $2M0.0% | $2M0.0% | $2M-33.3% | $3M0.0% | |
| PLK | $16M+14.3% | $14M+7.7% | $13M+8.3% | $12M-7.7% | |
| RH | $0— | $0— | —— | —— | |
| TH | $626M+0.6% | $622M+2.1% | $609M+5.7% | $576M+3.6% | |
| Segment G&A by Business | |||||
| BK | $130M-6.5% | $139M-4.1% | $145M+15.1% | $126M— | |
| FHS | $51M0.0% | $51M-12.1% | $58M+11.5% | $52M— | |
| INTL | $199M-0.5% | $200M+5.3% | $190M+18.8% | $160M— | |
| PLK | $75M-10.7% | $84M-2.3% | $86M+19.4% | $72M— | |
| RH | $96M+62.7% | $59M— | —— | —— | |
| TH | $140M-11.4% | $158M-6.0% | $168M+11.3% | $151M— | |
| Income (Loss) from Equity Method Investments by Business | |||||
| BK | $1M-98.7% | $78M+1,075% | -$8M+70.4% | -$27M-286% | |
| FHS | $0— | $0— | $0— | $0— | |
| INTL | -$4M+83.3% | -$24M-2,500% | $1M+103% | -$30M-173% | |
| PLK | $0— | $0— | $0— | $0— | |
| RH | $0— | $0— | —— | —— | |
| TH | $14M-6.7% | $15M0.0% | $15M+15.4% | $13M-7.1% | |
| Advertising expenses and other services by Business | |||||
| BK | $568M+1.8% | $558M+2.8% | $543M+16.0% | $468M— | |
| FHS | $76M+8.6% | $70M+42.9% | $49M+308% | $12M— | |
| INTL | $93M+2.2% | $91M+18.2% | $77M+42.6% | $54M— | |
| PLK | $304M0.0% | $304M+3.1% | $295M+13.0% | $261M— | |
| RH | $92M+87.8% | $49M— | —— | —— | |
| TH | $312M+1.6% | $307M-0.6% | $309M+9.6% | $282M— | |
| Segment F&P expenses by Business | |||||
| BK | $131M+7.4% | $122M-8.3% | $133M0.0% | $133M— | |
| FHS | $11M+37.5% | $8M0.0% | $8M+33.3% | $6M— | |
| PLK | $14M+55.6% | $9M-10.0% | $10M+11.1% | $9M— | |
| RH | $0— | $0— | —— | —— | |
| TH | $331M+0.3% | $330M+3.4% | $319M-1.8% | $325M— | |
| Number of restaurants in operation by Business | |||||
| BK | 78.9K+1.1% | 78.1K+2.4% | 76.3K-1.9% | 77.8K+2.8% | |
| PLK | 20.7K+8.3% | 19.2K+10.1% | 17.4K+11.2% | 15.6K+8.9% | |
| TH | 24.5K+3.8% | 23.6K+3.3% | 22.8K+5.3% | 21.7K+5.8% | |
| CapEx by Business | |||||
| BK | $32M-55.6% | $72M+94.6% | $37M+19.4% | $31M— | |
| FHS | $6M0.0% | $6M+50.0% | $4M+33.3% | $3M— | |
| INTL | $12M0.0% | $12M-36.8% | $19M+5.6% | $18M— | |
| PLK | $16M-30.4% | $23M+156% | $9M0.0% | $9M— | |
| RH | $145M+68.6% | $86M— | —— | —— | |
| TH | $59M+22.9% | $48M-5.9% | $51M+30.8% | $39M— | |
| Indefinite-lived intangible assets: by Business | |||||
| BK | $8.54B+2.1% | $8.36B-0.3% | $8.38B+0.9% | $8.31B-2.9% | |
| FHS | $3.26B— | —— | —— | —— | |
| PLK | $5.42B0.0% | $5.42B0.0% | $5.42B0.0% | $5.42B0.0% | |
| TH | $24.61B-0.8% | $24.82B-2.4% | $25.44B-1.5% | $25.82B-4.1% | |
| Cash distributions received from equity method investments by Business | |||||
| BK | $0— | $0— | $0— | $0— | |
| FHS | $0— | $0— | $0— | $0— | |
| INTL | $0— | $0— | $0-100% | $2M— | |
| PLK | $0— | $0— | $0— | $0— | |
| RH | $0— | $0— | —— | —— | |
| TH | $16M+6.7% | $15M+7.1% | $14M+7.7% | $13M— | |
| D&A by Business | |||||
| BK | $51M+4.1% | $49M+6.5% | $46M+2.2% | $45M+2.3% | |
| FHS | $4M-20.0% | $5M+25.0% | $4M0.0% | $4M— | |
| INTL | $29M+7.4% | $27M+22.7% | $22M+29.4% | $17M0.0% | |
| PLK | $14M+7.7% | $13M+18.2% | $11M+10.0% | $10M+11.1% | |
| RH | $93M+57.6% | $59M— | —— | —— | |
| TH | $109M-2.7% | $112M+3.7% | $108M-5.3% | $114M-13.0% | |
| Goodwill by Business | |||||
| BK | $1.19B+24.5% | $957M-52.3% | $2.01B+0.8% | $1.99B-17.7% | |
| FHS | $775M— | —— | —— | —— | |
| INTL | $2.05B+32.9% | $1.54B— | —— | —— | |
| PLK | $3.38B0.0% | $3.38B-0.2% | $3.38B0.0% | $3.38B-0.1% | |
| RH | $1.48B— | —— | —— | —— | |
| TH | $15.81B-0.8% | $15.93B-2.7% | $16.38B-1.4% | $16.61B-4.0% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Product | |||||
| Franchise fees and other revenue | $151M+6.3% | $142M+7.6% | $132M+18.9% | $111M+24.7% | |
| Royalties | $1.98B+1.9% | $1.94B+1.0% | $1.92B+10.5% | $1.74B+11.3% | |
| Total by Product | |||||
| Food, beverage, and packaging costs | $537M+72.1% | $312M— | —— | —— | |
| Restaurant occupancy expense and other | $475M+60.5% | $296M— | —— | —— | |
| Restaurant wages and related expenses | $595M+66.2% | $358M— | —— | —— | |
| Total revenues by Geography | |||||
| CANADA | $3.85B+4.4% | $3.68B+1.5% | $3.63B+4.2% | $3.48B+14.3% | |
| Other | $1.03B+9.8% | $939M+7.4% | $874M+16.4% | $751M+9.2% | |
| United States | $4.56B+20.5% | $3.78B+50.2% | $2.52B+10.9% | $2.27B+13.3% |
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.
