Restaurant Brands International Inc. (QSR) Earnings History
Annual and quarterly earnings data from 2012 to 2025
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QSR EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
QSR Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 41.1% | 23.7% | 8.2% |
| 2024 | 36.0% | 28.8% | 12.1% |
| 2023 | 39.9% | 29.2% | 16.9% |
| 2022 | 39.9% | 29.2% | 15.5% |
| 2021 | 41.4% | 32.7% | 14.6% |
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Restaurant Brands International Inc. (QSR) Earnings Overview
As of May 8, 2026, Restaurant Brands International Inc. (QSR) reported trailing twelve-month net income of $955M, reflecting -26.1% year-over-year growth. The company earned $2.08 per diluted share over the past four quarters, with a net profit margin of 8.2%.
Looking at the long-term picture, QSR's 5-year EPS compound annual growth rate (CAGR) stands at +8.0%, showing solid earnings momentum. The company achieved its highest annual net income of $1.19B in fiscal 2023.
Restaurant Brands International Inc. maintains positive profitability with a gross margin of 41.1%, operating margin of 23.7%, and net margin of 8.2%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including MCD ($8.68B net income, 31.9% margin), YUM ($1.74B net income, 19.0% margin), WEN ($186M net income, 8.7% margin), QSR has room to improve margins relative to the peer group. Compare QSR vs MCD →
QSR Earnings vs Peers
Earnings metrics vs comparable public companies
QSR Historical Earnings Data (2012–2025)
14 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $776M | -24.0% | $2.24B | $2.35 | 8.2% | 23.7% |
| 2024 | $1.02B | -14.2% | $2.42B | $3.18 | 12.1% | 28.8% |
| 2023 | $1.19B | +18.1% | $2.05B | $3.76 | 16.9% | 29.2% |
| 2022 | $1.01B | +20.3% | $1.90B | $3.25 | 15.5% | 29.2% |
| 2021 | $838M | +72.4% | $1.88B | $2.69 | 14.6% | 32.7% |
| 2020 | $486M | -24.4% | $1.42B | $1.60 | 9.8% | 28.6% |
| 2019 | $643M | +5.1% | $2.01B | $2.37 | 11.5% | 35.8% |
| 2018 | $612M | -5.6% | $1.92B | $2.42 | 11.4% | 35.8% |
| 2017 | $648M | +5.2% | $1.74B | $2.54 | 14.2% | 37.9% |
| 2016 | $616M | +64.2% | $1.67B | $1.45 | 14.9% | 40.2% |
Full QSR Stock Analysis
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Start ComparisonQSR — Frequently Asked Questions
Quick answers to the most common questions about buying QSR stock.
Is QSR growing earnings?
QSR EPS fell to $2.08, with earnings declining -26.1%. This contrasts with the 5-year CAGR of +8.0%. TTM net income dropped to $955M.
What are QSR's profit margins?
Restaurant Brands International Inc. net margin is +8.2%, with operating margin at +23.7%. Margins sit within typical range for the sector.
How consistent are QSR's earnings?
QSR earnings data spans 2012-2025. The declining earnings trend is -26.1% YoY. Historical data enables comparison across business cycles.