Restaurant Brands International revenue and financials
$70.24Change from previous close: +0.53%Absolute change: +$0.37
In the fiscal year ended December 2025, Restaurant Brands International reported revenue of $9.43B (+12.23% year over year). Net income was $1.08B, a net margin of 11.4%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +12.23%
- 2025 vs 2024
- Net income growth
- −25.61%
- 2025 vs 2024
- Net margin
- 11.4%
- 2024: 17.2%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 530 | 191 | 545 | 592 | 419 | 11.0 | 481 | 540 | 334 | 148 | 403 | 433 |
| Depreciation and amortization | 77.0 | 78.0 | 76.0 | 77.0 | 77.0 | 71.0 | 77.0 | 79.0 | 59.0 | 49.0 | 49.0 | 47.0 |
| Capital expenditure | -51.0 | -58.0 | -102 | -61.0 | -38.0 | -64.0 | -77.0 | -55.0 | -43.0 | -26.0 | -47.0 | -25.0 |
| Investing cash flow | -27.0 | -33.0 | -105 | -11.0 | -18.0 | -184 | -44.0 | -57.0 | -528 | -31.0 | 22.0 | -3.0 |
| Financing cash flow | -447 | -306 | -484 | -397 | -290 | -265 | -260 | -253 | 91.0 | -203 | -600 | -326 |
| Dividends paid | -296 | -283 | -282 | -282 | -282 | -262 | -262 | -261 | -261 | -245 | -249 | -249 |
| Share repurchases | -138 | -32.0 | — | — | 0.0 | 0.0 | — | — | — | — | -385 | -115 |
| Debt issued | — | — | 0.0 | 0.0 | — | — | — | 500 | 1,950 | — | — | 53.0 |
| Debt repaid | -29.0 | -28.0 | -229 | -132 | -33.0 | -33.0 | -26.0 | -525 | -1,615 | -24.0 | -13.0 | -11.0 |
| Effect of exchange rates | -5.0 | -3.0 | 1.0 | -4.0 | 16.0 | 3.0 | -19.0 | 4.0 | -4.0 | -4.0 | 4.0 | -7.0 |
| Net change in cash | 51.0 | -151 | -43.0 | 180 | 127 | -435 | 158 | 234 | -107 | -90.0 | -171 | 97.0 |
| Free cash flow | 479 | 133 | 443 | 531 | 381 | -53.0 | 404 | 485 | 291 | 122 | 356 | 408 |
| Levered free cash flow | 411 | 139 | 573 | 523 | 350 | -121 | 505 | 407 | 391 | 86.4 | 358 | 312 |