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+4.6% | $1.51B+4.4% | $1.51B+5.9% | $1.48B+6.7% | $1.46B+7.9% | |
| FHS | $239M+9.6% | $233M+8.9% | $231M+11.6% | $224M+9.3% | $218M+9.0% | |
| INTL | $1.04B+11.2% | $999M+6.8% | $973M+5.5% | $948M+4.5% | $931M+4.3% | |
| PLK | $796M+1.5% | $800M+4.2% | $806M+7.6% | $800M+9.4% | $784M+10.4% | |
| RH | $1.86B+19.9% | $1.84B+64.9% | $1.81B— | $1.79B— | $1.55B— | |
| TH | $4.34B+8.4% | $4.25B+5.1% | $4.14B+2.7% | $4.06B+0.4% | $4B-0.3% | |
| Total by Business | ||||||
| BK | $208M-6.7% | $220M0.0% | $226M+20.5% | $223M+44.8% | $223M+86.6% | |
| FHS | $38M+5.6% | $37M+2.8% | $36M+1.4% | $36M+2.9% | $36M+4.3% | |
| INTL | $0— | $0— | $0— | $0— | $0— | |
| PLK | $158M+6.0% | $159M+23.3% | $161M+51.9% | $160M+81.8% | $149M+88.6% | |
| RH | $1.63B+21.3% | $1.61B+66.6% | $1.58B— | $1.56B— | $1.34B— | |
| TH | $2.43B+12.6% | $2.36B+8.4% | $2.27B+4.8% | $2.21B+2.5% | $2.16B-0.1% | |
| Property revenues by Business | ||||||
| BK | $221M+2.8% | $217M-0.9% | $217M-1.4% | $218M-1.8% | $215M-5.7% | |
| FHS | $0— | $0— | $0— | $0— | $0— | |
| INTL | $1M-66.7% | $2M0.0% | $1M-66.7% | $2M0.0% | $3M+200% | |
| PLK | $15M0.0% | $16M+14.3% | $16M+23.1% | $15M+15.4% | $15M+15.4% | |
| RH | $0— | $0— | $0— | $0— | $0— | |
| TH | $635M+3.8% | $626M+0.6% | $622M0.0% | $618M-0.5% | $612M-1.1% | |
| Segment G&A by Business | ||||||
| BK | $126M-9.4% | $130M-6.5% | $132M-5.9% | $134M-7.3% | $139M-4.0% | |
| FHS | $50M-2.0% | $51M0.0% | $51M-4.7% | $50M-12.3% | $51M-11.3% | |
| INTL | $198M-0.5% | $199M-0.5% | $196M-0.8% | $197M0.0% | $199M+1.8% | |
| PLK | $72M-13.3% | $75M-10.7% | $79M-5.4% | $81M-5.8% | $83M-4.0% | |
| RH | $96M+15.7% | $96M+62.7% | $94M— | $94M— | $83M— | |
| TH | $137M-10.5% | $140M-11.4% | $146M-7.6% | $149M-9.1% | $153M-8.9% | |
| Income (Loss) from Equity Method Investments by Business | ||||||
| BK | $1M-98.7% | $1M-98.7% | $0-100% | $0-100% | $77M+1,640% | |
| FHS | $0— | $0— | $0— | $0— | $0— | |
| INTL | -$7M+65.0% | -$4M+83.3% | -$2M+90.4% | -$7M+48.1% | -$20M-1,500% | |
| PLK | $0— | $0— | $0— | $0— | $0— | |
| RH | $0— | $0— | $0— | $0— | $0— | |
| TH | $14M0.0% | $14M-6.7% | $14M-11.1% | $14M-9.7% | $14M-8.2% | |
| Advertising expenses and other services by Business | ||||||
| BK | $577M+2.1% | $568M+1.8% | $589M+12.2% | $581M+10.1% | $565M+6.2% | |
| FHS | $80M+11.1% | $76M+8.6% | $78M+29.5% | $75M+32.7% | $72M+39.1% | |
| INTL | $91M+1.1% | $93M+2.2% | $91M+0.8% | $91M+7.7% | $90M+10.1% | |
| PLK | $306M+2.3% | $304M0.0% | $306M+1.1% | $301M-0.5% | $299M+0.3% | |
| RH | $94M+34.3% | $92M+87.8% | $88M— | $84M— | $70M— | |
| TH | $328M+8.3% | $312M+1.6% | $308M-1.4% | $309M-0.8% | $303M+0.4% | |
| Segment F&P expenses by Business | ||||||
| BK | $134M+9.8% | $131M+7.4% | $135M+13.2% | $129M+4.5% | $122M-6.7% | |
| FHS | $11M+22.2% | $11M+37.5% | $11M+37.5% | $10M+66.7% | $9M+28.6% | |
| PLK | $15M+50.0% | $14M+55.6% | $12M+14.3% | $11M0.0% | $10M+17.6% | |
| RH | $0— | $0— | $0— | $0— | $0— | |
| TH | $335M+2.1% | $331M+0.3% | $324M-2.6% | $320M-3.2% | $328M+2.7% | |
| Number of restaurants in operation by Business | ||||||
| BK | 79.1K+0.8% | 78.9K+1.1% | 78.7K+1.3% | 78.6K+1.8% | 78.4K+2.2% | |
| PLK | 21.1K+8.2% | 20.7K+8.3% | 20.3K+8.3% | 19.9K+8.7% | 19.5K+9.6% | |
| TH | 24.6K+3.5% | 24.5K+3.8% | 24.3K+3.9% | 24K+3.7% | 23.8K+3.4% | |
| CapEx by Business | ||||||
| BK | $32M-50.0% | $32M-55.6% | $44M-20.4% | $53M+9.3% | $64M+57.1% | |
| FHS | $6M0.0% | $6M0.0% | $6M+20.0% | $6M+50.0% | $6M+50.0% | |
| INTL | $12M+9.1% | $12M0.0% | $12M-12.7% | $12M-22.6% | $11M-36.2% | |
| PLK | $17M-29.2% | $16M-30.4% | $19M+33.3% | $20M+73.9% | $24M+210% | |
| RH | $145M+42.2% | $145M+68.6% | $151M— | $116M— | $102M— | |
| TH | $59M+31.1% | $59M+22.9% | $52M+37.7% | $43M-3.4% | $45M-2.7% | |
| Indefinite-lived intangible assets: by Business | ||||||
| BK | $8.58B+2.6% | $8.54B+2.1% | $8.46B+0.7% | $8.42B+0.7% | $8.36B-0.2% | |
| FHS | $3.26B— | $3.26B— | $3.26B— | —— | —— | |
| PLK | $5.42B0.0% | $5.42B0.0% | $5.42B0.0% | $5.42B0.0% | $5.42B0.0% | |
| TH | $24.79B+1.2% | $24.61B-0.8% | $24.36B-3.6% | $24.52B-2.9% | $24.49B-3.7% | |
| 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 | $16M+6.7% | $16M+6.7% | $15M+3.4% | $15M+7.1% | $15M+11.1% | |
| D&A by Business | ||||||
| BK | $50M-2.0% | $51M+4.1% | $52M+9.5% | $52M+13.0% | $51M+12.1% | |
| FHS | $4M-20.0% | $4M-20.0% | $5M+25.0% | $5M+25.0% | $5M+25.0% | |
| INTL | $29M+3.6% | $29M+7.4% | $29M+13.7% | $28M+16.7% | $28M+24.4% | |
| PLK | $15M+15.4% | $14M+7.7% | $15M+27.7% | $14M+21.7% | $13M+15.6% | |
| RH | $100M+26.6% | $93M+57.6% | $92M— | $94M— | $79M— | |
| TH | $109M-1.8% | $109M-2.7% | $110M-0.9% | $111M+0.9% | $111M+1.8% | |
| Goodwill by Business | ||||||
| BK | $1.43B+71.5% | $1.19B+24.5% | $1.07B+13.1% | $954M-26.5% | $835M-49.5% | |
| FHS | $776M+0.4% | $775M— | $774M— | $774M— | $773M— | |
| INTL | $2.1B+27.2% | $2.05B+32.9% | $1.88B+21.1% | $1.77B— | $1.65B— | |
| PLK | $3.38B0.0% | $3.38B0.0% | $3.38B0.0% | $3.38B-0.1% | $3.38B-0.1% | |
| RH | $1.48B-17.6% | $1.48B— | $1.6B— | $1.7B— | $1.79B— | |
| TH | $15.92B+1.2% | $15.81B-0.8% | $15.65B-3.4% | $15.75B-2.9% | $15.73B-3.8% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Product | ||||||
| Franchise fees and other revenue | $154M+8.5% | $151M+6.3% | $151M+2.0% | $142M-2.1% | $142M+5.2% | |
| Royalties | $2.02B+5.6% | $1.98B+1.9% | $1.95B+0.4% | $1.92B-1.7% | $1.91B-2.0% | |
| Total by Product | ||||||
| Food, beverage, and packaging costs | $549M+26.8% | $537M+72.1% | $516M— | $503M— | $433M— | |
| Restaurant occupancy expense and other | $484M+18.3% | $475M+60.5% | $469M— | $470M— | $409M— | |
| Restaurant wages and related expenses | $596M+18.5% | $595M+66.2% | $590M— | $583M— | $503M— | |
| Total revenues by Geography | ||||||
| CANADA | $3.93B+8.0% | $3.85B+4.4% | $3.76B+2.2% | $3.69B-0.1% | $3.64B-0.8% | |
| Other | $1.07B+14.4% | $1.03B+9.8% | $987M+6.9% | $958M+5.6% | $938M+5.0% | |
| United States | $4.58B+9.2% | $4.56B+20.5% | $4.51B+35.8% | $4.46B+55.0% | $4.2B+61.0% |
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.
