Company research
Restaurant Brands International Inc.
CIK 1618756Updated Sep 24, 2026
SecuritiesQSR · NYSE · equityQSR · TSX · equity
Name history
9060669 Canada Inc. · through Nov 5, 20141011773 B.C. Unlimited Liability Co · through Oct 21, 2014
QSR price & chart
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Restaurant Brands International Inc. Announces Receipt of Exchange Notice, Intent to Use Common Shares to Satisfy Exchange and Commencement of Secondary Offering of Common Shares News provided by Restaurant Brands International Inc. Nov 13, 2025, 16:20 ET Share this article Share to X Share this art ↗
Recent filings
4 filing
SCHEDULE 13D/A filing
SCHEDULE 13D/A filing
Regulation FD Disclosure
Items 7.01, 9.01
10-Q filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 25,615,000,000Source | 24,632,000,000Source | 23,391,000,000Source | 22,746,000,000Source |
| Property, Plant and Equipment, NetUSD | 1,219,000,000Source | 1,179,000,000Source | 1,329,000,000Source | 1,400,000,000Source |
| GoodwillUSD | 6,306,000,000Source | 5,986,000,000Source | 5,775,000,000Source | 5,688,000,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 11,190,000,000Source | 10,922,000,000Source | 11,107,000,000Source | 10,991,000,000Source |
| Current assets: | ||||
| Inventory, NetUSD | 205,000,000Source | 142,000,000Source | 166,000,000Source | 133,000,000Source |
| Assets, CurrentUSD | 2,830,000,000Source | 2,282,000,000Source | 2,173,000,000Source | 2,048,000,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 179,000,000Source | 108,000,000Source | 119,000,000Source | 123,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | 1,961,000,000Source | 1,852,000,000Source | 1,122,000,000Source | 1,082,000,000Source |
| Other Assets, NoncurrentUSD | 1,025,000,000Source | 1,354,000,000Source | 1,262,000,000Source | 905,000,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 20,456,000,000Source | 19,789,000,000Source | 18,661,000,000Source | 18,478,000,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 2,859,000,000Source | 2,357,000,000Source | 1,973,000,000Source | 2,057,000,000Source |
| Retained Earnings (Accumulated Deficit)USD | 1,795,000,000Source | 1,860,000,000Source | 1,599,000,000Source | 1,121,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -1,020,000,000Source | -1,107,000,000Source | -706,000,000Source | -679,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | 3,634,000,000Source | 3,110,000,000Source | 2,866,000,000Source | 2,499,000,000Source |
| Liabilities and EquityUSD | 25,615,000,000Source | 24,632,000,000Source | 23,391,000,000Source | 22,746,000,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 2,891,000,000Source | 2,364,000,000Source | 2,144,000,000Source | 2,116,000,000Source |
| Operating Lease, Liability, CurrentUSD | 200,000,000Source | 193,000,000Source | 147,000,000Source | 137,000,000Source |
| Accounts Payable, CurrentUSD | 866,000,000Source | 765,000,000Source | 790,000,000Source | 758,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | 1,900,000,000Source | 1,770,000,000Source | 1,059,000,000Source | 1,027,000,000Source |
| Deferred Income Tax Liabilities, NetUSD | 1,120,000,000Source | 1,208,000,000Source | 1,296,000,000Source | 1,313,000,000Source |
| Other Liabilities, NoncurrentUSD | 1,034,000,000Source | 706,000,000Source | 996,000,000Source | 872,000,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 1,525,000,000Source | 1,733,000,000Source | 1,864,000,000Source | 1,769,000,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 830,000,000Source | 722,000,000Source | 822,000,000Source | 1,226,000,000Source |
| Dividends Payable, CurrentUSD | 283,000,000Source | 262,000,000Source | 245,000,000Source | 243,000,000Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 32,000,000Source | 187,000,000Source | 67,000,000Source | 95,000,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 13,250,000,000Source | 13,455,000,000Source | 12,854,000,000Source | 12,839,000,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 1,075,000,000Source | 1,445,000,000Source | 1,718,000,000Source | 1,482,000,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 151,000,000Source | 172,000,000Source | 194,000,000Source | 136,000,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts PayableUSD | 89,000,000Source | -30,000,000Source | 22,000,000Source | 169,000,000Source |
| Deferred Income Tax Expense (Benefit)USD | 97,000,000Source | -5,000,000Source | -430,000,000Source | -60,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 1,714,000,000Source | 1,503,000,000Source | 1,323,000,000Source | 1,490,000,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 152,000,000Source | 508,000,000Source | 0Source | 12,000,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -318,000,000Source | -660,000,000Source | 11,000,000Source | -64,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 15,000,000Source | 27,000,000Source | 18,000,000Source | 35,000,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 265,000,000Source | 201,000,000Source | 120,000,000Source | 100,000,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 0Source | 0Source | 500,000,000Source | 326,000,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -1,436,000,000Source | -625,000,000Source | -1,374,000,000Source | -1,307,000,000Source |
| Dividends paid | — | — | — | — |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -1,000,000Source | -2,000,000Source | -4,000,000Source | -3,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -105,000,000Source | 195,000,000Source | -39,000,000Source | 91,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,163,000,000Source | 1,334,000,000Source | 1,139,000,000Source | 1,178,000,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 714,000,000Source | 785,000,000Source | 761,000,000Source | 487,000,000Source |
| Income Taxes Paid, NetUSD | 450,000,000Source | — | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 16,000,000Source | -23,000,000Source | 1,000,000Source | -28,000,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 137,000,000Source | 161,000,000Source | 177,000,000Source | 121,000,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | 25,000,000Source | 25,000,000Source | 27,000,000Source | 28,000,000Source |
| Amortization of Intangible AssetsUSD | 69,000,000Source | 58,000,000Source | 37,000,000Source | 39,000,000Source |
| DepreciationUSD | 210,000,000Source | 186,000,000Source | 137,000,000Source | 135,000,000Source |
| Dividends Payable, CurrentUSD | 283,000,000Source | 262,000,000Source | 245,000,000Source | 243,000,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 0Source | 0Source | 0Source | 0Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -209,000,000Source | 71,000,000Source | -20,000,000Source | 4,000,000Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | -209,000,000Source | 71,000,000Source | -20,000,000Source | 4,000,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 198,000,000Source | 191,000,000Source | 151,000,000Source | 9,000,000Source |
| Gain (Loss) on Sale of Assets and Asset Impairment ChargesUSD | -35,000,000Source | -3,000,000Source | -16,000,000Source | -4,000,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | -2,000,000Source | -33,000,000Source | -16,000,000Source | 0Source |
| General and Administrative ExpenseUSD | 741,000,000Source | 733,000,000Source | 704,000,000Source | 631,000,000Source |
| GoodwillUSD | 6,306,000,000Source | 5,986,000,000Source | 5,775,000,000Source | 5,688,000,000Source |
| Goodwill and Intangible Asset ImpairmentUSD | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 1,201,000,000Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -126,000,000Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | 11,000,000Source | 69,000,000Source | 8,000,000Source | -44,000,000Source |
| Income Tax Expense (Benefit)USD | 483,000,000Source | 364,000,000Source | -265,000,000Source | -117,000,000Source |
| Investment Income, InterestUSD | 31,000,000Source | 39,000,000Source | 40,000,000Source | 7,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 299,000,000Source | 424,000,000Source | 528,000,000Source | 474,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 776,000,000Source | 1,021,000,000Source | 1,190,000,000Source | 1,008,000,000Source |
| Operating Lease, Lease IncomeUSD | 828,000,000Source | 833,000,000Source | 839,000,000Source | 806,000,000Source |
| Other Operating Income (Expense), NetUSD | -261,000,000Source | 59,000,000Source | -55,000,000Source | -25,000,000Source |
| Payments of Financing CostsUSD | 0Source | 41,000,000Source | 44,000,000Source | 0Source |
| Proceeds from Issuance of Common StockUSD | — | 0Source | 0Source | 30,000,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 0Source | 2,450,000,000Source | 55,000,000Source | 2,000,000Source |
| Proceeds from Stock Options ExercisedUSD | 33,000,000Source | 78,000,000Source | 60,000,000Source | 21,000,000Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | 21,000,000Source | 24,000,000Source | 20,000,000Source | 19,000,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 9,434,000,000Source | 8,406,000,000Source | 7,022,000,000Source | 6,505,000,000Source |
| Cost of RevenueUSD | — | — | 2,435,000,000Source | 2,312,000,000Source |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | 2,202,000,000Source | 2,419,000,000Source | 2,051,000,000Source | 1,898,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 1,684,000,000Source | 1,809,000,000Source | 1,453,000,000Source | 1,365,000,000Source |
| Income Tax Expense (Benefit)USD | 483,000,000Source | 364,000,000Source | -265,000,000Source | -117,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 299,000,000Source | 424,000,000Source | 528,000,000Source | 474,000,000Source |
| Earnings Per Share, BasicUSD per share | 2.36Source | 3.21Source | 3.82Source | 3.28Source |
| Earnings Per Share, DilutedUSD per share | 2.35Source | 3.18Source | 3.76Source | 3.25Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 329,000,000Source | 319,000,000Source | 312,000,000Source | 307,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 457,000,000Source | 454,000,000Source | 456,000,000Source | 455,000,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 69,000,000Source | 58,000,000Source | 37,000,000Source | 39,000,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 2.48Source | 2.32Source | 2.2Source | 2.16Source |
| Costs and ExpensesUSD | 7,232,000,000Source | 5,987,000,000Source | 4,971,000,000Source | 4,607,000,000Source |
| Current Income Tax Expense (Benefit)USD | 386,000,000Source | 369,000,000Source | 165,000,000Source | -57,000,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 301,000,000Source | 264,000,000Source | 191,000,000Source | 190,000,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 0Source | 0Source | 0Source | 0Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -209,000,000Source | 71,000,000Source | -20,000,000Source | 4,000,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 198,000,000Source | 191,000,000Source | 151,000,000Source | 9,000,000Source |
| General and Administrative ExpenseUSD | 741,000,000Source | 733,000,000Source | 704,000,000Source | 631,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 284,000,000Source | 317,000,000Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 1,201,000,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | 2.64Source | — | — | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | 2.63Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -126,000,000Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | 11,000,000Source | 69,000,000Source | 8,000,000Source | -44,000,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | -516,000,000Source | -577,000,000Source | -582,000,000Source | -533,000,000Source |
| Investment Income, InterestUSD | 31,000,000Source | 39,000,000Source | 40,000,000Source | 7,000,000Source |
| Lease IncomeUSD | 832,000,000Source | 837,000,000Source | 851,000,000Source | 813,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 776,000,000Source | 1,021,000,000Source | 1,190,000,000Source | 1,008,000,000Source |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, BasicUSD | 868,000,000Source | — | — | — |
| Operating Lease, Lease IncomeUSD | 828,000,000Source | 833,000,000Source | 839,000,000Source | 806,000,000Source |
| Other Operating Income (Expense), NetUSD | -261,000,000Source | 59,000,000Source | -55,000,000Source | -25,000,000Source |