Restaurant Brands International (QSR) Cost of Revenue (2014 - 2026)

Restaurant Brands International (QSR) reported Cost of Revenue of $122.0 million for Q1 2026, down 67.81% year-over-year from $379.0 million in Q1 2025, and up 27.08% quarter-over-quarter from $96.0 million in Q4 2025.

Restaurant Brands International (QSR) Cost of Revenue (2014 - 2026) Analysis & Trends

Restaurant Brands International (QSR) has 13 years of Cost of Revenue data on file, last reported at $122.0 million in Q1 2026.

  • Cost of Revenue for Q1 2026 came in at $122.0 million, down 67.81% year-over-year; the trailing twelve-month figure through Mar 2026 was $258.0 million (down 91.09% YoY), and the FY2025 annual result was $96.0 million, down 95.6% from the prior year.
  • Cost of Revenue rose to $122.0 million in Q1 2026 per QSR's latest filing, from $96.0 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $2.2 billion in Q4 2024 and troughed at -$1.7 billion in Q4 2022.
  • A 5-year average of $181.7 million and a median of $194.0 million in 2024 frame the typical range for Cost of Revenue.
  • The sharpest annual moves came in 2022 and 2024: Cost of Revenue tumbled 411.65% in 2022, then jumped 234.57% in 2024.
  • A 5-year view of Cost of Revenue shows it stood at -$1.7 billion in 2022, then climbed by 2.29% to -$1.6 billion in 2023, then jumped by 234.57% to $2.2 billion in 2024, then slumped by 95.6% to $96.0 million in 2025, then rose by 27.08% to $122.0 million in 2026.
  • Business Quant data shows QSR's Cost of Revenue at $122.0 million in Q1 2026, $96.0 million in Q4 2025, and $40.0 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Starbucks 117.34 Bn 115.65 Bn 9.40 Bn 130.50 Mn
2 Yum Brands 42.81 Bn 42.12 Bn 1.38 Bn 677.00 Mn
3 Chipotle Mexican Grill 41.83 Bn 40.96 Bn 2.61 Bn 480.64 Mn
4 Restaurant Brands International 26.03 Bn 26.56 Bn 2.14 Bn 122.00 Mn
5 Darden Restaurants 24.52 Bn 24.28 Bn 3.31 Bn 39.40 Mn
6 Yum China Holdings 15.76 Bn 14.33 Bn 3.24 Bn 31.00 Mn
7 Texas Roadhouse 11.04 Bn 10.84 Bn 1.40 Bn 228.63 Mn
8 Dominos Pizza 10.88 Bn 10.65 Bn 464.51 Mn 686.08 Mn
9 Cava 10.56 Bn 10.17 Bn 797.57 Mn -522.59 Mn
10 Dutch Bros 8.38 Bn 8.34 Bn 107.48 Mn 356.94 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 122.00 Mn
Mar 31, 2026 122.00 Mn
Dec 31, 2025 96.00 Mn
Dec 31, 2025 96.00 Mn
Jun 30, 2025 40.00 Mn
Jun 30, 2025 40.00 Mn
Mar 31, 2025 379.00 Mn
Mar 31, 2025 379.00 Mn
Dec 31, 2024 2.18 Bn
Dec 31, 2024 2.18 Bn
Sep 30, 2024 141.00 Mn
Sep 30, 2024 141.00 Mn
Jun 30, 2024 194.00 Mn
Jun 30, 2024 194.00 Mn
Dec 31, 2023 -1.62 Bn
Dec 31, 2023 -1.62 Bn
Sep 30, 2023 58.00 Mn
Sep 30, 2023 58.00 Mn
Jun 30, 2023 551.00 Mn
Jun 30, 2023 551.00 Mn