Restaurant Brands International Inc. (QSR) stock
QSRNYSERetail-Eating PlacesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 9/307% below fair value
$72.41−0.60 (-0.82%)
Close on Oct 30, 2026Market cap $32.91BP/E 17.2Yield 3.42%
Earnings
Restaurant Brands International's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Next report
Feb 11, 2027
Q4 FY2026 · estimated, before the open
Revenue, Q3 FY2026
$2.53B
+3.1% on a year earlier
Adjusted Diluted Earnings per Share (Adj. EPS), Q3 FY2026
$1.10
$1.03 a year earlier
Latest guidance
Lowered
Oct 29, 2026 · 5 items
Quarterly results
Revenue and earnings per share from each of Restaurant Brands International's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q4 FY2026ended Dec 31, 2026 | Feb 11, 2027Expected | – | – | – | – | – |
| Q3 FY2026ended Sep 30, 2026 | Oct 29, 2026before the open | $2.53B | +3.1% | $1.54 | $1.10 | Release |
| Q2 FY2026ended Jun 30, 2026 | Aug 6, 2026before the open | – | – | – | – | Release |
| Q1 FY2026ended Mar 31, 2026 | May 6, 2026before the open | $2.26B | +7.3% | $0.97 | $0.86 | Release |
| Q4 FY2025ended Dec 31, 2025 | Feb 12, 2026before the open | $2.47B | +7.4% | $0.60 | $0.96 | Release |
| Q3 FY2025ended Sep 30, 2025 | Oct 30, 2025before the open | $2.45B | +6.9% | $0.96 | $1.03 | Release |
| Q2 FY2025ended Jun 30, 2025 | Aug 7, 2025before the open | $2.41B | +15.9% | $0.57 | $0.94 | Release |
| Q1 FY2025ended Mar 31, 2025 | May 8, 2025before the open | $2.11B | +21.3% | $0.49 | $0.75 | Release |
| Q4 FY2024ended Dec 31, 2024 | Feb 12, 2025before the open | $2.30B | +26.2% | $0.79 | $0.81 | Release |
| Q3 FY2024ended Sep 30, 2024 | Nov 5, 2024before the open | $2.29B | +24.7% | $0.79 | $0.93 | Release |
| Q2 FY2024ended Jun 30, 2024 | Aug 8, 2024before the open | $2.08B | +17.2% | $0.88 | $0.86 | Release |
| Q1 FY2024ended Mar 31, 2024 | Apr 30, 2024before the open | $1.74B | +9.4% | $0.72 | $0.73 | Release |
| Q4 FY2023ended Dec 31, 2023 | Feb 13, 2024before the open | $1.82B | +7.8% | $1.60 | $0.75 | Release |
| Q3 FY2023ended Sep 30, 2023 | Nov 3, 2023before the open | $1.84B | +6.4% | $0.79 | $0.90 | Release |
| Q2 FY2023ended Jun 30, 2023 | Aug 8, 2023before the open | $1.78B | +8.3% | $0.77 | $0.85 | Release |
| Q1 FY2023ended Mar 31, 2023 | May 2, 2023before the open | $1.59B | +9.6% | $0.61 | $0.75 | Release |
| Q4 FY2022ended Dec 31, 2022 | Feb 14, 2023before the open | $1.69B | +9.2% | $0.74 | $0.72 | Release |
| Q3 FY2022ended Sep 30, 2022 | Nov 3, 2022before the open | $1.73B | +15.5% | $1.17 | $0.96 | Release |
| Q2 FY2022ended Jun 30, 2022 | Aug 4, 2022before the open | $1.64B | – | $0.76 | $0.82 | Release |
| Q1 FY2022ended Mar 31, 2022 | May 3, 2022before the open | $1.45B | – | $0.59 | $0.64 | Release |
| Q4 FY2021ended Dec 31, 2021 | Feb 15, 2022before the open | $1.55B | – | $0.57 | $0.74 | Release |
| Q3 FY2021ended Sep 30, 2021 | Oct 25, 2021before the open | $1.50B | – | $0.70 | $0.76 | Release |
| Q2 FY2021ended Jun 30, 2021 | Jul 30, 2021before the open | – | – | – | – | Release |
| Q1 FY2021ended Mar 31, 2021 | Apr 30, 2021before the open | – | – | – | – | Release |
| Q4 FY2020ended Dec 31, 2020 | Feb 11, 2021before the open | – | – | – | – | Release |
| Q3 FY2020ended Sep 30, 2020 | Oct 27, 2020before the open | – | – | – | – | Release |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Restaurant Brands International's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| organic Adjusted Operating Income growthnon-GAAP | FY2026 | +8% | – | New | Oct 29, 2026 |
| RH AOInon-GAAP | FY2026 | $10.00M – $20.00M | – | New | Oct 29, 2026 |
| RH AOInon-GAAP | FY2026 | $10.00M – $20.00M | $10.00M – $20.00M | Reaffirmed | Aug 6, 2026 |
| Consolidated capital expenditures, tenant inducements and incentives (including RH), or "Total Capex and Cash Inducements"non-GAAP | FY2026 | $400.00M | – | New | Oct 29, 2026 |
| Consolidated capital expenditures, tenant inducements and incentives (including RH), or "Total Capex and Cash Inducements" | FY2026 | $400.00M | $400.00M | Reaffirmed | Aug 6, 2026 |
| Adjusted Interest Expense, netnon-GAAP | FY2026 | $500.00M – $520.00M | – | Lowered | Oct 29, 2026 |
| Adjusted Interest Expense, netnon-GAAP | FY2026 | $500.00M – $520.00M | $500.00M – $520.00M | Lowered | Aug 6, 2026 |
| RH Segment G&A | FY2026 | $100.00M | – | Lowered | Feb 12, 2026 |
| Segment G&A (excluding RH)non-GAAP | FY2026 | $600.00M – $620.00M | – | New | Oct 29, 2026 |
| Segment G&A (excluding RH)non-GAAP | FY2026 | $600.00M – $620.00M | $600.00M – $620.00M | Raised | Aug 6, 2026 |
| Segment G&A (excluding RH) | FY2026 | $600.00M – $620.00M | – | New | Feb 12, 2026 |
Guidance history
Every forecast Restaurant Brands International put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Oct 29, 2026 | Consolidated capital expenditures, tenant inducements and incentives (including RH), or "Total Capex and Cash Inducements" | FY2026 | $400.00M | New |
| Oct 29, 2026 | RH AOI | FY2026 | $10.00M – $20.00M | New |
| Oct 29, 2026 | organic Adjusted Operating Income growth | FY2026 | +8% | New |
| Oct 29, 2026 | Adjusted Interest Expense, net | FY2026 | $500.00M – $520.00M | Lowered |
| Oct 29, 2026 | Segment G&A (excluding RH) | FY2026 | $600.00M – $620.00M | New |
| Aug 6, 2026 | Consolidated capital expenditures, tenant inducements and incentives (including RH), or "Total Capex and Cash Inducements" | FY2026 | $400.00M | Reaffirmed |
| Aug 6, 2026 | RH AOI | FY2026 | $10.00M – $20.00M | Reaffirmed |
| Aug 6, 2026 | Adjusted Interest Expense, net | FY2026 | $500.00M – $520.00M | Lowered |
| Aug 6, 2026 | Segment G&A (excluding RH) | FY2026 | $600.00M – $620.00M | Raised |
| May 6, 2026 | Consolidated capital expenditures, tenant inducements and incentives (including RH), or "Total Capex and Cash Inducements" | FY2026 | $400.00M | Reaffirmed |
| May 6, 2026 | Comparable Sales | from 2024 to 2028 | +3% | – |
| May 6, 2026 | organic Adjusted Operating Income growth | from 2024 to 2028 | +8% | – |
| May 6, 2026 | RH AOI | FY2026 | $10.00M – $20.00M | New |
| May 6, 2026 | Net Restaurant Growth | towards the end of its algorithm period | +5% | – |
| May 6, 2026 | Segment G&A (excluding RH) | FY2026 | $600.00M – $620.00M | Raised |
| May 6, 2026 | Adjusted Interest Expense, net | FY2026 | $500.00M – $520.00M | Lowered |
| Feb 12, 2026 | Consolidated capital expenditures, tenant inducements and incentives (including RH), or "Total Capex and Cash Inducements" | FY2026 | $400.00M | New |
| Feb 12, 2026 | RH Segment G&A | FY2026 | $100.00M | Lowered |
| Feb 12, 2026 | Adjusted Interest Expense, net | FY2026 | $500.00M – $520.00M | New |
| Feb 12, 2026 | Segment G&A (excluding RH) | FY2026 | $600.00M – $620.00M | New |
| Oct 30, 2025 | consolidated capital expenditures, tenant inducements and incentives (including RH), or "Total Capex and Cash Inducements" | FY2025 | $400.00M | Lowered |
| Oct 30, 2025 | Comparable Sales | from 2024 to 2028 | +3% | – |
| Oct 30, 2025 | organic Adjusted Operating Income growth | from 2024 to 2028 | +8% | – |
| Oct 30, 2025 | Adjusted Interest Expense, net | FY2025 | $520.00M | Reaffirmed |
| Oct 30, 2025 | Segment G&A (excluding RH) | FY2025 | $600.00M – $620.00M | New |
| Oct 30, 2025 | Net Restaurant Growth | towards the end of its algorithm period | +5% | – |
| Oct 30, 2025 | RH Segment G&A | FY2025 | $100.00M | Lowered |
| Aug 7, 2025 | Consolidated capital expenditures, tenant inducements and incentives (including RH), or "Total Capex and Cash Inducements" | FY2025 | $400.00M – $450.00M | New |
| Aug 7, 2025 | Comparable Sales | from 2024 to 2028 | +3% | – |
| Aug 7, 2025 | organic Adjusted Operating Income growth | from 2024 to 2028 | +8% | – |
| Aug 7, 2025 | Net Restaurant Growth | towards the end of its algorithm period | +5% | – |
| Aug 7, 2025 | Segment G&A (excluding RH) | FY2025 | $600.00M – $620.00M | New |
| Aug 7, 2025 | RH Segment G&A | FY2025 | $100.00M | Lowered |
| Aug 7, 2025 | Adjusted Interest Expense, net | FY2025 | $520.00M | Raised |
| May 8, 2025 | Consolidated capital expenditures, tenant inducements and incentives (including RH), or "Total Capex and Cash Inducements" | FY2025 | $400.00M – $450.00M | Reaffirmed |
| May 8, 2025 | organic adjusted operating income growth | FY2025 | +8% | New |
| May 8, 2025 | RH Segment G&A | FY2025 | $100.00M | Reaffirmed |
| May 8, 2025 | Segment G&A (excluding RH) | FY2025 | $600.00M – $620.00M | Raised |
| May 8, 2025 | Adjusted Interest Expense, net | FY2025 | $500.00M – $520.00M | Reaffirmed |
| Feb 12, 2025 | Consolidated capital expenditures, tenant inducements and incentives (including RH) | FY2025 | $400.00M – $450.00M | New |
| Feb 12, 2025 | Adjusted Interest Expense, net | FY2025 | $500.00M – $520.00M | Lowered |
| Feb 12, 2025 | Segment G&A (excluding RH) | FY2025 | $650.00M – $670.00M | New |
| Feb 12, 2025 | RH Segment G&A | FY2025 | $100.00M | New |
| Nov 5, 2024 | consolidated capital expenditures, tenant inducements and incentives (excluding RH) | FY2024 | $300.00M | Reaffirmed |
| Nov 5, 2024 | Segment G&A (excluding RH) | FY2024 | $640.00M – $650.00M | Raised |
| Nov 5, 2024 | Adjusted Interest Expense, net | FY2024 | $565.00M – $575.00M | Lowered |
| Nov 5, 2024 | share-based compensation and non-cash incentive compensation expense | FY2024 | $170.00M – $175.00M | Lowered |
| Aug 8, 2024 | consolidated capital expenditures, tenant inducements and incentives (excluding RH) | FY2024 | $300.00M | Reaffirmed |
| Aug 8, 2024 | Segment G&A (excluding RH) | FY2024 | $640.00M – $660.00M | Raised |
| Aug 8, 2024 | Adjusted Net Interest Expense | FY2024 | $565.00M – $575.00M | Raised |
| Aug 8, 2024 | share-based compensation and non-cash incentive compensation expense | FY2024 | $170.00M – $180.00M | Lowered |
| Apr 30, 2024 | consolidated capital expenditures, tenant inducements and incentives (including BK Royal Reset remodel incentives) | FY2024 | $300.00M | New |
| Apr 30, 2024 | Comparable Sales | from 2024 to 2028 | +3% | – |
| Apr 30, 2024 | Net Restaurant Growth | from 2024 to 2028 | +5% | – |
| Apr 30, 2024 | System-wide Sales growth | from 2024 to 2028 | +8% | – |
| Apr 30, 2024 | adjusted interest expense, net | FY2024 | $555.00M – $565.00M | New |
| Apr 30, 2024 | share-based compensation and non-cash incentive compensation expense | FY2024 | $180.00M – $190.00M | Lowered |
| Apr 30, 2024 | Segment G&A | FY2024 | $665.00M – $685.00M | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Restaurant Brands International filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Update
- Results
- Results
- Results
- Update
- Update
- Update
- Results
- Results
- Results
- Update
- Update
- Results
- Results