Restaurant Brands International annual gross margin
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Restaurant Brands International Gross Margin Growth & History (QSR)
Restaurant Brands International's gross margin was 33.85% for fiscal 2025.
View full Restaurant Brands International company overviewRestaurant Brands International annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 33.85% | −2.13 pp |
| 2024 | 2024-12-31 | 35.97% | −29.35 pp |
| 2023 | 2023-12-31 | 65.32% | +0.87 pp |
| 2022 | 2022-12-31 | 64.46% | −2.61 pp |
| 2021 | 2021-12-31 | 67.07% | −0.53 pp |
| 2020 | 2020-12-31 | 67.59% | −0.05 pp |
| 2019 | 2019-12-31 | 67.64% | +1.58 pp |
| 2018 | 2018-12-31 | 66.06% | +6.49 pp |
| 2017 | 2017-12-31 | 59.57% | +1.23 pp |
| 2016 | 2016-12-31 | 58.35% | +3.00 pp |
| 2015 | 2015-12-31 | 55.35% | −13.60 pp |
| 2014 | 2014-12-31 | 68.94% | +4.12 pp |
| 2013 | 2013-12-31 | 64.83% | +27.92 pp |
| 2012 | 2012-12-31 | 36.91% | — |
Restaurant Brands International quarterly gross margin
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Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 34.48% | +0.67 pp |
| Q1 2026 | 2026-03-31 | 33.70% | — |
| Q4 2025 | 2025-12-31 | 33.70% | — |
| Q3 2025 | 2025-09-30 | 34.42% | — |
| Q2 2025 | 2025-06-30 | 33.82% | — |
| Q1 2024 | 2024-03-31 | 65.15% | −0.26 pp |
| Q4 2023 | 2023-12-31 | 64.67% | +1.32 pp |
| Q3 2023 | 2023-09-30 | 65.70% | +1.34 pp |
| Q2 2023 | 2023-06-30 | 65.52% | +1.15 pp |
| Q1 2023 | 2023-03-31 | 65.41% | −0.55 pp |
| Q4 2022 | 2022-12-31 | 63.35% | −2.24 pp |
| Q3 2022 | 2022-09-30 | 64.37% | −2.86 pp |
| Q2 2022 | 2022-06-30 | 64.37% | −3.16 pp |
| Q1 2022 | 2022-03-31 | 65.95% | −2.22 pp |
| Q4 2021 | 2021-12-31 | 65.59% | −0.98 pp |
| Q3 2021 | 2021-09-30 | 67.22% | −1.51 pp |
| Q2 2021 | 2021-06-30 | 67.52% | −0.13 pp |
| Q1 2021 | 2021-03-31 | 68.17% | +0.75 pp |
| Q4 2020 | 2020-12-31 | 66.57% | −1.04 pp |
| Q3 2020 | 2020-09-30 | 68.74% | +1.31 pp |
| Q2 2020 | 2020-06-30 | 67.65% | +0.01 pp |
| Q1 2020 | 2020-03-31 | 67.43% | −0.50 pp |
| Q4 2019 | 2019-12-31 | 67.61% | +1.55 pp |
| Q3 2019 | 2019-09-30 | 67.42% | +1.60 pp |
| Q2 2019 | 2019-06-30 | 67.64% | +1.08 pp |
| Q1 2019 | 2019-03-31 | 67.93% | +2.14 pp |
| Q4 2018 | 2018-12-31 | 66.06% | +4.40 pp |
| Q3 2018 | 2018-09-30 | 65.82% | +6.62 pp |
| Q2 2018 | 2018-06-30 | 66.57% | +7.22 pp |
| Q1 2018 | 2018-03-31 | 65.79% | +8.09 pp |
| Q4 2017 | 2017-12-31 | 61.66% | +1.35 pp |
| Q3 2017 | 2017-09-30 | 59.20% | +1.69 pp |
| Q2 2017 | 2017-06-30 | 59.35% | +1.45 pp |
| Q1 2017 | 2017-03-31 | 57.70% | +0.23 pp |
| Q4 2016 | 2016-12-31 | 60.31% | +3.35 pp |
| Q3 2016 | 2016-09-30 | 57.51% | +1.30 pp |
| Q2 2016 | 2016-06-30 | 57.89% | +3.45 pp |
| Q1 2016 | 2016-03-31 | 57.47% | +3.89 pp |
| Q4 2015 | 2015-12-31 | 56.96% | +34.66 pp |
| Q3 2015 | 2015-09-30 | 56.20% | −37.88 pp |
| Q2 2015 | 2015-06-30 | 54.44% | −39.55 pp |
| Q1 2015 | 2015-03-31 | 53.58% | −39.98 pp |
| Q4 2014 | 2014-12-31 | 22.31% | — |
| Q3 2014 | 2014-09-30 | 94.08% | — |
| Q2 2014 | 2014-06-30 | 93.99% | — |
| Q1 2014 | 2014-03-31 | 93.57% | — |
Restaurant Brands International gross margin trends
Over the last five fiscal years, Restaurant Brands International's gross margin decreased from 67.59% to 33.85%, a change of −33.75 percentage points. The latest reported quarter, Q2 2026, shows 34.48%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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 ...
