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| Date | Value |
|---|---|
| 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 |