Restaurant Brands International annual free cash flow
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2025
Restaurant Brands International Free Cash Flow (FCF) History (QSR)
Restaurant Brands International reported $1.45B in free cash flow for fiscal 2025, an increase of 11.29% from the previous fiscal year, with a free cash flow margin of 15.36%.
View full Restaurant Brands International company overviewRestaurant Brands International free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.45B | $147.0M | +11.29% | +15.36% |
| 2024 | 2024-12-31 | $1.30B | $99.0M | +8.23% | +15.49% |
| 2023 | 2023-12-31 | $1.20B | −$187.0M | −13.45% | +17.13% |
| 2022 | 2022-12-31 | $1.39B | −$230.0M | −14.20% | +21.37% |
| 2021 | 2021-12-31 | $1.62B | $816.0M | +101.49% | +28.23% |
| 2020 | 2020-12-31 | $804.0M | −$610.0M | −43.14% | +16.18% |
| 2019 | 2019-12-31 | $1.41B | $335.0M | +31.05% | +25.24% |
| 2018 | 2018-12-31 | $1.08B | −$275.0M | −20.31% | +20.14% |
| 2017 | 2017-12-31 | $1.35B | $138.0M | +11.35% | +29.59% |
| 2016 | 2016-12-31 | $1.22B | $126.5M | +11.61% | +29.33% |
| 2015 | 2015-12-31 | $1.09B | $861.1M | +377.01% | +26.89% |
| 2014 | 2014-12-31 | $228.4M | −$71.3M | −23.79% | +19.05% |
| 2013 | 2013-12-31 | $299.7M | $145.5M | +94.36% | +26.14% |
| 2012 | 2012-12-31 | $154.2M | — | — | +7.82% |
Restaurant Brands International quarterly free cash flow
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Q1.25
Q2.25
Q3.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $479.0M | $68.0M | +16.55% | +19.01% |
| Q1 2026 | 2026-03-31 | $169.0M | $115.0M | +212.96% | +7.46% |
| Q4 2025 | 2025-12-31 | $453.0M | $49.0M | +12.13% | +18.37% |
| Q3 2025 | 2025-09-30 | $531.0M | $46.0M | +9.48% | +21.68% |
| Q2 2025 | 2025-06-30 | $411.0M | $120.0M | +41.24% | +17.05% |
| Q1 2025 | 2025-03-31 | $54.0M | −$68.0M | −55.74% | +2.56% |
| Q4 2024 | 2024-12-31 | $404.0M | $48.0M | +13.48% | +17.60% |
| Q3 2024 | 2024-09-30 | $485.0M | $77.0M | +18.87% | +21.17% |
| Q2 2024 | 2024-06-30 | $291.0M | −$71.0M | −19.61% | +13.99% |
| Q1 2024 | 2024-03-31 | $122.0M | $45.0M | +58.44% | +7.02% |
| Q4 2023 | 2023-12-31 | $356.0M | −$19.0M | −5.07% | +19.56% |
| Q3 2023 | 2023-09-30 | $408.0M | $34.0M | +9.09% | +22.21% |
| Q2 2023 | 2023-06-30 | $362.0M | −$55.0M | −13.19% | +20.39% |
| Q1 2023 | 2023-03-31 | $77.0M | −$147.0M | −65.63% | +4.84% |
| Q4 2022 | 2022-12-31 | $375.0M | −$60.0M | −13.79% | +22.20% |
| Q3 2022 | 2022-09-30 | $374.0M | −$112.0M | −23.05% | +21.67% |
| Q2 2022 | 2022-06-30 | $417.0M | −$31.0M | −6.92% | +25.44% |
| Q1 2022 | 2022-03-31 | $224.0M | −$27.0M | −10.76% | +15.44% |
| Q4 2021 | 2021-12-31 | $435.0M | $168.0M | +62.92% | +28.14% |
| Q3 2021 | 2021-09-30 | $486.0M | $106.0M | +27.89% | +32.51% |
| Q2 2021 | 2021-06-30 | $448.0M | $408.0M | +1020.00% | +31.15% |
| Q1 2021 | 2021-03-31 | $251.0M | $134.0M | +114.53% | +19.92% |
| Q4 2020 | 2020-12-31 | $267.0M | −$268.0M | −50.09% | +19.66% |
| Q3 2020 | 2020-09-30 | $380.0M | −$38.0M | −9.09% | +28.42% |
| Q2 2020 | 2020-06-30 | $40.0M | −$272.0M | −87.18% | +3.82% |
| Q1 2020 | 2020-03-31 | $117.0M | −$32.0M | −21.48% | +9.55% |
| Q4 2019 | 2019-12-31 | $535.0M | $76.0M | +16.56% | +36.17% |
| Q3 2019 | 2019-09-30 | $418.0M | $63.0M | +17.75% | +28.67% |
| Q2 2019 | 2019-06-30 | $312.0M | −$71.0M | −18.54% | +22.29% |
| Q1 2019 | 2019-03-31 | $149.0M | $267.0M | — | +11.77% |
| Q4 2018 | 2018-12-31 | $459.0M | −$67.8M | −12.87% | +33.14% |
| Q3 2018 | 2018-09-30 | $355.0M | $6.1M | +1.75% | +25.82% |
| Q2 2018 | 2018-06-30 | $383.0M | $189.5M | +97.93% | +28.52% |
| Q1 2018 | 2018-03-31 | −$118.0M | −$402.8M | — | −9.41% |
| Q4 2017 | 2017-12-31 | $526.8M | $211.6M | +67.13% | +42.69% |
| Q3 2017 | 2017-09-30 | $348.9M | −$59.4M | −14.55% | +28.86% |
| Q2 2017 | 2017-06-30 | $193.5M | −$121.3M | −38.53% | +17.09% |
| Q1 2017 | 2017-03-31 | $284.8M | $107.1M | +60.27% | +28.45% |
| Q4 2016 | 2016-12-31 | $315.2M | $93.2M | +41.98% | +28.36% |
| Q3 2016 | 2016-09-30 | $408.3M | −$8.0M | −1.92% | +37.96% |
| Q2 2016 | 2016-06-30 | $314.8M | $95.9M | +43.81% | +30.26% |
| Q1 2016 | 2016-03-31 | $177.7M | −$54.6M | −23.50% | +19.35% |
| Q4 2015 | 2015-12-31 | $222.0M | $358.5M | — | +21.00% |
| Q3 2015 | 2015-09-30 | $416.3M | $257.3M | +161.82% | +40.83% |
| Q2 2015 | 2015-06-30 | $218.9M | $134.9M | +160.60% | +21.00% |
| Q1 2015 | 2015-03-31 | $232.3M | $110.4M | +90.57% | +24.89% |
| Q4 2014 | 2014-12-31 | −$136.5M | — | — | −32.67% |
| Q3 2014 | 2014-09-30 | $159.0M | — | — | +57.01% |
| Q2 2014 | 2014-06-30 | $84.0M | — | — | +32.16% |
| Q1 2014 | 2014-03-31 | $121.9M | — | — | +50.60% |
Restaurant Brands International free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $804.0M to $1.45B, a compound annual growth rate of 12.50%. Restaurant Brands International's latest reported quarter, Q2 2026, generated $479.0M in free cash flow, an increase of 16.55% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Restaurant Brands International source filings ↗Community posts
Restaurant Brands renews repurchase framework supporting $1 billion plan
Restaurant Brands International ($QSR) received TSX approval to renew its normal-course issuer bid, allowing purchases of up to 34.4 million common shares over a 12-month period. The maximum represents 10% of the public float and supports a ...
