Restaurant Brands International Inc. (QSR) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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QSR Revenue Growth
Revenue Breakdown (FY 2025)
QSR's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
QSR Revenue Analysis (2014–2025)
As of May 8, 2026, Restaurant Brands International Inc. (QSR) generated trailing twelve-month (TTM) revenue of $9.59 billion, reflecting solid growth of +7.3% year-over-year. The most recent quarter (Q1 2026) recorded $2.26 billion in revenue, down 8.2% sequentially.
Looking at the longer-term picture, QSR's 5-year compound annual growth rate (CAGR) stands at +13.7%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $9.43 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows QSR's business is primarily driven by Tim Hortons (63%), Burger King (22%), and Popeyes Louisiana Kitchen (12%). With over half of revenue concentrated in Tim Hortons, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including MCD (+6.8% YoY), YUM (+9.7% YoY), and WEN (-1.7% YoY), QSR has underperformed the peer group in terms of revenue growth. Compare QSR vs MCD →
QSR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| QSRCurrent | $9.6B | +7.3% | +13.7% | 23.7% | |
 MCD | $26.9B | +6.8% | +7.0% | 46.1% | |
 YUM | $8.2B | +9.7% | +7.8% | 30.8% | |
 WEN | $2.2B | -1.7% | +5.6% | 16.5% | |
 JACK | $1.5B | -13.4% | +7.5% | -1.2% | |
 DENN | $452M | +0.9% | -3.5% | 10.0% |
QSR Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $9.43B | +12.2% | $3.88B | 41.1% | $2.24B | 23.7% |
| 2024 | $8.41B | +19.7% | $3.02B | 36.0% | $2.42B | 28.8% |
| 2023 | $7.02B | +7.9% | $2.80B | 39.9% | $2.05B | 29.2% |
| 2022 | $6.50B | +13.3% | $2.60B | 39.9% | $1.90B | 29.2% |
| 2021 | $5.74B | +15.5% | $2.37B | 41.4% | $1.88B | 32.7% |
| 2020 | $4.97B | -11.3% | $1.97B | 39.7% | $1.42B | 28.6% |
| 2019 | $5.60B | +4.6% | $2.39B | 42.7% | $2.01B | 35.8% |
| 2018 | $5.36B | +17.1% | $3.12B | 58.2% | $1.92B | 35.8% |
| 2017 | $4.58B | +10.4% | $2.25B | 49.1% | $1.74B | 37.9% |
| 2016 | $4.15B | +2.3% | $1.97B | 47.4% | $1.67B | 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's revenue growth accelerating or slowing?
QSR maintains +7.3% revenue growth, in line with its 5-year CAGR of +13.7%. TTM revenue stands at $9.6B. Growth rate remains consistent with historical average.
What is QSR's long-term revenue growth rate?
Restaurant Brands International Inc.'s 5-year revenue CAGR of +13.7% reflects the sustained expansion pattern. Current YoY growth of +7.3% is near this long-term average.
How is QSR's revenue distributed by segment?
QSR reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.