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 | $1.02B | +20.44% |
| 2023 | 2023-12-31 | $4.97B | $364.0M | +7.90% |
| 2022 | 2022-12-31 | $4.61B | $747.0M | +19.35% |
| 2021 | 2021-12-31 | $3.86B | $314.0M | +8.86% |
| 2020 | 2020-12-31 | $3.55B | −$50.0M | −1.39% |
| 2019 | 2019-12-31 | $3.60B | $156.0M | +4.53% |
| 2018 | 2018-12-31 | $3.44B | $599.0M | +21.08% |
| 2017 | 2017-12-31 | $2.84B | $362.0M | +14.60% |
| 2016 | 2016-12-31 | $2.48B | −$381.0M | −13.32% |
| 2015 | 2015-12-31 | $2.86B | $1.84B | +181.03% |
| 2014 | 2014-12-31 | $1.02B | $393.6M | +63.07% |
| 2013 | 2013-12-31 | $624.1M | −$929.1M | −59.82% |
| 2012 | 2012-12-31 | $1.55B | — | — |
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 | $184.0M | +11.08% |
| 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 | $479.0M | +40.08% |
| Q4 2024 | 2024-12-31 | $1.66B | $309.0M | +22.86% |
| Q3 2024 | 2024-09-30 | $1.71B | $459.0M | +36.57% |
| Q2 2024 | 2024-06-30 | $1.42B | $196.0M | +16.05% |
| Q1 2024 | 2024-03-31 | $1.20B | $52.0M | +4.55% |
| Q4 2023 | 2023-12-31 | $1.35B | $9.0M | +0.67% |
| Q3 2023 | 2023-09-30 | $1.25B | $90.0M | +7.73% |
| Q2 2023 | 2023-06-30 | $1.22B | $123.0M | +11.20% |
| Q1 2023 | 2023-03-31 | $1.14B | $142.0M | +14.19% |
| Q4 2022 | 2022-12-31 | $1.34B | $213.0M | +18.85% |
| Q3 2022 | 2022-09-30 | $1.17B | $203.0M | +21.10% |
| Q2 2022 | 2022-06-30 | $1.10B | $148.0M | +15.58% |
| Q1 2022 | 2022-03-31 | $1.00B | $183.0M | +22.37% |
| Q4 2021 | 2021-12-31 | $1.13B | $145.0M | +14.72% |
| Q3 2021 | 2021-09-30 | $962.0M | $42.0M | +4.57% |
| Q2 2021 | 2021-06-30 | $950.0M | $145.0M | +18.01% |
| Q1 2021 | 2021-03-31 | $818.0M | −$18.0M | −2.15% |
| Q4 2020 | 2020-12-31 | $985.0M | $17.0M | +1.76% |
| Q3 2020 | 2020-09-30 | $920.0M | $33.0M | +3.72% |
| Q2 2020 | 2020-06-30 | $805.0M | −$104.0M | −11.44% |
| Q1 2020 | 2020-03-31 | $836.0M | $4.0M | +0.48% |
| Q4 2019 | 2019-12-31 | $968.0M | $99.0M | +11.39% |
| Q3 2019 | 2019-09-30 | $887.0M | −$10.0M | −1.11% |
| Q2 2019 | 2019-06-30 | $909.0M | $68.0M | +8.09% |
| Q1 2019 | 2019-03-31 | $832.0M | −$1.0M | −0.12% |
| Q4 2018 | 2018-12-31 | $869.0M | $140.0M | +19.20% |
| Q3 2018 | 2018-09-30 | $897.0M | $167.7M | +22.99% |
| Q2 2018 | 2018-06-30 | $841.0M | $122.7M | +17.08% |
| Q1 2018 | 2018-03-31 | $833.0M | $168.6M | +25.38% |
| Q4 2017 | 2017-12-31 | $729.0M | $109.3M | +17.64% |
| Q3 2017 | 2017-09-30 | $729.3M | $74.1M | +11.31% |
| Q2 2017 | 2017-06-30 | $718.3M | $102.1M | +16.57% |
| Q1 2017 | 2017-03-31 | $664.4M | $76.5M | +13.01% |
| Q4 2016 | 2016-12-31 | $619.7M | −$115.3M | −15.69% |
| Q3 2016 | 2016-09-30 | $655.2M | −$20.5M | −3.03% |
| Q2 2016 | 2016-06-30 | $616.2M | −$123.9M | −16.74% |
| Q1 2016 | 2016-03-31 | $587.9M | −$121.3M | −17.10% |
| Q4 2015 | 2015-12-31 | $735.0M | $214.6M | +41.24% |
| Q3 2015 | 2015-09-30 | $675.7M | $397.7M | +143.06% |
| Q2 2015 | 2015-06-30 | $740.1M | $630.4M | +574.66% |
| Q1 2015 | 2015-03-31 | $709.2M | $599.6M | +547.08% |
| Q4 2014 | 2014-12-31 | $520.4M | — | — |
| Q3 2014 | 2014-09-30 | $278.0M | — | — |
| Q2 2014 | 2014-06-30 | $109.7M | — | — |
| Q1 2014 | 2014-03-31 | $109.6M | — | — |
Restaurant Brands International operating expenses trends
Over the last five fiscal years, Restaurant Brands International's operating expenses increased from $3.55B to $7.23B, a change of $3.69B. 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 ...