Restaurant Brands International annual operating expenses
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Restaurant Brands International Operating Expenses Growth & History (QSR)
Restaurant Brands International's operating expenses was $7.23B for fiscal 2025.
View full Restaurant Brands International company overviewRestaurant Brands International annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $7.23B | $1.25B | +20.80% |
| 2024 | 2024-12-31 | $5.99B | $3.45B | +136.08% |
| 2023 | 2023-12-31 | $2.54B | $241.0M | +10.50% |
| 2022 | 2022-12-31 | $2.29B | $325.0M | +16.50% |
| 2021 | 2021-12-31 | $1.97B | $34.0M | +1.76% |
| 2020 | 2020-12-31 | $1.94B | $153.0M | +8.58% |
| 2019 | 2019-12-31 | $1.78B | $161.0M | +9.93% |
| 2018 | 2018-12-31 | $1.62B | $631.0M | +63.67% |
| 2017 | 2017-12-31 | $991.0M | $239.0M | +31.78% |
| 2016 | 2016-12-31 | $752.0M | −$298.5M | −28.42% |
| 2015 | 2015-12-31 | $1.05B | $405.1M | +62.77% |
| 2014 | 2014-12-31 | $645.4M | $424.5M | +192.17% |
| 2013 | 2013-12-31 | $220.9M | −$88.8M | −28.67% |
| 2012 | 2012-12-31 | $309.7M | — | — |
Restaurant Brands International quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.80B | −$123.0M | −6.38% |
| Q1 2026 | 2026-03-31 | $1.66B | −$16.0M | −0.96% |
| Q4 2025 | 2025-12-31 | $1.84B | −$422.0M | −18.61% |
| Q3 2025 | 2025-09-30 | $1.79B | $72.0M | +4.20% |
| Q2 2025 | 2025-06-30 | $1.93B | $510.0M | +35.99% |
| Q1 2025 | 2025-03-31 | $1.67B | $1.08B | +184.21% |
| Q4 2024 | 2024-12-31 | $2.27B | $1.56B | +219.75% |
| Q3 2024 | 2024-09-30 | $1.71B | $1.09B | +174.24% |
| Q2 2024 | 2024-06-30 | $1.42B | $808.0M | +132.68% |
| Q1 2024 | 2024-03-31 | $589.0M | −$4.0M | −0.67% |
| Q4 2023 | 2023-12-31 | $709.0M | −$15.0M | −2.07% |
| Q3 2023 | 2023-09-30 | $625.0M | $75.0M | +13.64% |
| Q2 2023 | 2023-06-30 | $609.0M | $95.0M | +18.48% |
| Q1 2023 | 2023-03-31 | $593.0M | $86.0M | +16.96% |
| Q4 2022 | 2022-12-31 | $724.0M | $126.0M | +21.07% |
| Q3 2022 | 2022-09-30 | $550.0M | $78.0M | +16.53% |
| Q2 2022 | 2022-06-30 | $514.0M | $31.0M | +6.42% |
| Q1 2022 | 2022-03-31 | $507.0M | $90.0M | +21.58% |
| Q4 2021 | 2021-12-31 | $598.0M | $67.0M | +12.62% |
| Q3 2021 | 2021-09-30 | $472.0M | −$30.0M | −5.98% |
| Q2 2021 | 2021-06-30 | $483.0M | $17.0M | +3.65% |
| Q1 2021 | 2021-03-31 | $417.0M | −$20.0M | −4.58% |
| Q4 2020 | 2020-12-31 | $531.0M | $42.0M | +8.59% |
| Q3 2020 | 2020-09-30 | $502.0M | $90.0M | +21.84% |
| Q2 2020 | 2020-06-30 | $466.0M | $10.0M | +2.19% |
| Q1 2020 | 2020-03-31 | $437.0M | $11.0M | +2.58% |
| Q4 2019 | 2019-12-31 | $489.0M | $90.0M | +22.56% |
| Q3 2019 | 2019-09-30 | $412.0M | −$15.0M | −3.51% |
| Q2 2019 | 2019-06-30 | $456.0M | $64.0M | +16.33% |
| Q1 2019 | 2019-03-31 | $426.0M | $22.0M | +5.45% |
| Q4 2018 | 2018-12-31 | $399.0M | $143.1M | +55.92% |
| Q3 2018 | 2018-09-30 | $427.0M | $190.3M | +80.40% |
| Q2 2018 | 2018-06-30 | $392.0M | $135.2M | +52.65% |
| Q1 2018 | 2018-03-31 | $404.0M | $162.4M | +67.22% |
| Q4 2017 | 2017-12-31 | $255.9M | $77.5M | +43.44% |
| Q3 2017 | 2017-09-30 | $236.7M | $38.6M | +19.49% |
| Q2 2017 | 2017-06-30 | $256.8M | $78.6M | +44.11% |
| Q1 2017 | 2017-03-31 | $241.6M | $44.3M | +22.45% |
| Q4 2016 | 2016-12-31 | $178.4M | −$101.7M | −36.31% |
| Q3 2016 | 2016-09-30 | $198.1M | −$31.0M | −13.53% |
| Q2 2016 | 2016-06-30 | $178.2M | −$87.1M | −32.83% |
| Q1 2016 | 2016-03-31 | $197.3M | −$78.7M | −28.51% |
| Q4 2015 | 2015-12-31 | $280.1M | $84.3M | +43.05% |
| Q3 2015 | 2015-09-30 | $229.1M | −$32.4M | −12.39% |
| Q2 2015 | 2015-06-30 | $265.3M | $171.3M | +182.23% |
| Q1 2015 | 2015-03-31 | $276.0M | $181.9M | +193.30% |
| Q4 2014 | 2014-12-31 | $195.8M | — | — |
| Q3 2014 | 2014-09-30 | $261.5M | — | — |
| Q2 2014 | 2014-06-30 | $94.0M | — | — |
| Q1 2014 | 2014-03-31 | $94.1M | — | — |
Restaurant Brands International operating expenses trends
Over the last five fiscal years, Restaurant Brands International's operating expenses increased from $1.94B to $7.23B, a change of $5.30B. The latest reported quarter, Q2 2026, shows $1.80B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. 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 ...
