Restaurant Brands International (NYSE: QSR) financial statements
The consolidated income statement, balance sheet and cash flow statement of Restaurant Brands International for its last 10 fiscal years, as filed with the regulator, in millions of US dollars. At the end of fiscal 2025 it had $25,615m in total assets and $3,634m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9,434m | $8,406m | $7,022m | $6,505m | $5,739m | $4,968m | $5,603m | $5,357m | $4,576m | $4,146m |
| Cost of sales | — | — | $2,435m | $2,312m | $1,890m | $1,610m | $1,813m | $1,818m | $1,850m | $1,727m |
| Operating profit | $2,202m | $2,419m | $2,051m | $1,898m | $1,879m | $1,422m | $2,007m | $1,917m | $1,735m | $1,667m |
| Profit before tax | $1,684m | $1,809m | $1,453m | $1,365m | $1,363m | $816.0m | $1,452m | $1,382m | $1,101m | $1,200m |
| Income tax | $483.0m | $364.0m | $265.0m | $117.0m | $110.0m | $66.0m | $341.0m | $238.0m | $134.0m | $244.0m |
| Net profit | $1,075m | $1,445m | $1,718m | $1,482m | $1,253m | $750.0m | $1,111m | $1,144m | $1,235m | $956.0m |
| Earnings per share | $2.36 | $3.21 | $3.82 | $3.28 | $2.71 | $1.61 | $2.40 | $2.46 | $2.64 | $1.48 |
| Diluted earnings per share | $2.35 | $3.18 | $3.76 | $3.25 | $2.69 | $1.60 | $2.37 | $2.42 | $2.54 | $1.45 |
| Depreciation and amortisation | $301.0m | $264.0m | $191.0m | $190.0m | $201.0m | $189.0m | $185.0m | $180.0m | $182.0m | $172.0m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $25,615m | $24,632m | $23,391m | $22,746m | $23,246m | $22,777m | $22,360m | $20,141m | $21,224m | $19,125m |
| Current assets | $2,830m | $2,282m | $2,173m | $2,048m | $1,816m | $2,264m | $2,196m | $1,500m | $1,750m | $2,097m |
| Inventories | $205.0m | $142.0m | $166.0m | $133.0m | $96.0m | $96.0m | $84.0m | $75.0m | $78.0m | $71.8m |
| Property, plant and equipment | $1,219m | $1,179m | $1,329m | $1,400m | $1,510m | $1,523m | $2,007m | $1,996m | $2,133m | $2,055m |
| Goodwill | $6,306m | $5,986m | $5,775m | $5,688m | $6,006m | $5,739m | $5,651m | $5,486m | $5,782m | $4,675m |
| Cash | $1,163m | $1,334m | $1,139m | $1,178m | $1,087m | $1,560m | $1,533m | $913.0m | $1,097m | $1,476m |
| Total liabilities | $20,456m | $19,789m | $18,661m | $18,478m | $19,393m | $19,056m | $18,101m | $16,523m | $16,663m | $12,339m |
| Current liabilities | $2,891m | $2,364m | $2,144m | $2,116m | $1,878m | $1,601m | $1,703m | $1,408m | $1,655m | $1,211m |
| Equity | $3,634m | $3,110m | $2,866m | $2,499m | $2,237m | $2,167m | $2,490m | $1,611m | $2,227m | $1,703m |
| Equity including minorities | $5,159m | $4,843m | $4,730m | $4,268m | $3,853m | $3,721m | $4,259m | $3,618m | $4,561m | $3,489m |
| Minority interests | $1,525m | $1,733m | $1,864m | $1,769m | $1,616m | $1,554m | $1,769m | $2,007m | $2,334m | $1,786m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1,714m | $1,503m | $1,323m | $1,490m | $1,726m | $921.0m | $1,476m | $1,165m | $1,391m | $1,250m |
| Investing cash flow | −$318.0m | −$660.0m | $11.0m | −$64.0m | −$1,103m | −$79.0m | −$30.0m | −$44.0m | −$858.0m | $27.0m |
| Financing cash flow | −$1,436m | −$625.0m | −$1,374m | −$1,307m | −$1,093m | −$821.0m | −$842.0m | −$1,285m | −$936.0m | −$591.0m |
| Capital expenditure | −$265.0m | −$201.0m | −$120.0m | −$100.0m | −$106.0m | −$117.0m | −$62.0m | −$86.0m | −$37.0m | −$34.0m |
| Dividends paid | −$1,108m | −$1,029m | −$990.0m | −$971.0m | −$974.0m | −$959.0m | −$901.0m | −$728.0m | −$664.0m | −$538.0m |
Where each figure comes from
From the annual report (Form 10-K) that Restaurant Brands International files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Restaurant Brands International page.
Dividend per share of Restaurant Brands International by fiscal year, with the filing behind every figure: Restaurant Brands International dividend history.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.