Restaurant Brands International (QSR) revenue breakdown

Consumer Cyclical · Restaurants · Market cap $32.1B

By segment, TH is the largest at 45% of fiscal 2025 revenue; RH grew fastest, 65% a year over 1 years.

By product, Sales is the largest at 42% of fiscal 2023 revenue; Advertising revenues and other services grew fastest, 8% a year over 4 years.

Revenue by segment

Fiscal years, as Restaurant Brands International reports them in its 10-K filings; fiscal 2025 total $9.4B.

Segments2016201720182019202020212022202320242025Share
TH$3.0B$3.2B$3.3B$3.3B$2.8B$3.3B$3.8B$4.0B$4.0B$4.2B 45%
RH————————$1.1B$1.8B 20%
BK$1.1B$1.2B$1.7B$1.8B$1.6B$1.2B$1.2B$1.3B$1.3B$1.3B 14%
INTL—————$688M$751M$874M$935M$998M 11%
PLK—$202M$414M$482M$556M$559M$619M$692M$768M$800M 8%
FHS—————$5M$138M$187M$214M$232M 2%

Revenue by product

Fiscal years, as Restaurant Brands International reports them in its 10-K filings; fiscal 2023 total $7.0B.

Products20192020202120222023Share
Sales$2.4B$2.0B$2.4B$2.8B$3.0B 42%
Franchise and property revenues$2.4B$2.1B$2.4B$2.7B$2.9B 41%
Advertising revenues and other services$860M$834M$918M$1.0B$1.2B 17%

Revenue by region

Fiscal years, as Restaurant Brands International reports them in its 10-K filings; fiscal 2025 total $9.4B.

Regions2016201720182019202020212022202320242025Share
United States$1.0B$1.2B$1.8B$1.9B$1.9B$2.0B$2.3B$2.5B$3.8B$4.6B 48%
Canada$2.7B$2.8B$3.0B$3.0B$2.5B$3.0B$3.5B$3.6B$3.7B$3.8B 41%
Other$470M$554M$588M$636M$533M$688M$751M$874M$939M$1.0B 11%
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Questions

Where does Restaurant Brands International make its money?

In fiscal 2025, by segment: TH $4.2B, RH $1.8B, BK $1.3B, INTL $998M, PLK $800M.

From Restaurant Brands International's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.