Restaurant Brands International Inc. revenue by segment QSR

Annual Quarterly

Restaurant Brands International Inc. splits its revenue into 6 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was Tim Hortons at $4.2 billion, 45% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line	FY 2026 Sep 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Revenue	9,775	9,434	8,406	7,022	6,505	5,739	4,968	5,603	5,357	4,576	4,146
Tim Hortons	4,405 +6.4% share 45.1%	4,247 +5.1% share 45.0%	4,040 +1.7% share 48.1%	3,972 +4.5% share 56.6%	3,801 +13.7% share 58.4%	3,342 +18.9% share 58.2%	2,810 -16.0% share 56.6%	3,344 +1.6% share 59.7%	3,292 +4.3% share 61.5%	3,155 share 68.9%	—
Restaurant Holdings	1,921 +6.4% share 19.7%	1,840 +64.9% share 19.5%	1,116 share 13.3%	—	—	—	—	—	—	—	—
Burger King	1,335 +1.7% share 13.7%	1,316 -1.3% share 13.9%	1,333 +2.8% share 15.9%	1,297 +8.4% share 18.5%	1,196 -34.0% share 18.4%	1,813 +13.2% share 31.6%	1,602 -9.8% share 32.2%	1,777 +7.6% share 31.7%	1,651 +35.4% share 30.8%	1,219 share 26.6%	—
International	1,079 +11.0% share 11.0%	998 +6.7% share 10.6%	935 +7.0% share 11.1%	874 +16.4% share 12.4%	751 share 11.5%	—	—	—	—	—	—
Popeyes Louisiana Kitchen	788 -2.2% share 8.1%	800 +4.2% share 8.5%	768 +11.0% share 9.1%	692 +11.8% share 9.9%	619 +6.9% share 9.5%	579 +4.1% share 10.1%	556 +15.4% share 11.2%	482 +16.4% share 8.6%	414 +105.0% share 7.7%	202 share 4.4%	—
Firehouse Subs	246 +7.0% share 2.5%	232 +8.4% share 2.5%	214 +14.4% share 2.5%	187 +35.5% share 2.7%	138 +2660.0% share 2.1%	5 share 0.1%	—	—	—	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry: Retail-Eating Places (SIC 5812)
Listed as: QSR (NYSE)
Fiscal year ends: December 31
Incorporated in: Ontario, Canada
Headquarters: Miami, FL
SEC filer status: Large accelerated filer
SEC CIK: 1618756
Former names: 9060669 Canada Inc. (until Nov 5, 2014); 1011773 B.C. Unlimited Liability Co (until Oct 21, 2014)

Other Retail-Eating Places companies

All 49 Retail-Eating Places companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.