Restaurant Brands International (QSR) Cost of Revenue (2014 - 2026)
Restaurant Brands International's (QSR) quarterly Cost of Revenue came in at $122.0 million in Q1 2026, down 73.93% year-on-year from $468.0 million in Q1 2025, and up 131.2% on a QoQ basis from -$391.0 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.
- On a quarterly basis, Cost of Revenue fell 73.93% year-over-year to $122.0 million in Q1 2026; TTM through Mar 2026 was -$150.0 million, a 105.06% decrease from a year earlier, with the FY2024 full-year figure at $2.2 billion, changed N/A from the prior year.
- Cost of Revenue for Q1 2026 stood at $122.0 million, up from -$391.0 million in the prior quarter.
- Over the last five years, Cost of Revenue for QSR reached as high as $2.2 billion in Q4 2024 and fell as low as -$1.7 billion in Q4 2022.
- Historically, Cost of Revenue has averaged $124.4 million across 5 years, with a median of $122.5 million in 2024.
- Across the five-year window, Cost of Revenue plunged 411.09% in 2022 and jumped 425.84% in 2025, its largest moves.
- Year by year, Cost of Revenue stood at -$1.7 billion in 2022, then rose by 2.11% to -$1.6 billion in 2023, then jumped by 234.57% to $2.2 billion in 2024, then tumbled by 117.94% to -$391.0 million in 2025, then surged by 131.2% to $122.0 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $122.0 million in Q1 2026, -$391.0 million in Q4 2025, and $119.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 118.28 Bn | 116.58 Bn | 6.32 Bn | 3.21 Bn |
| 2 | Yum Brands | 41.26 Bn | 40.58 Bn | 1.38 Bn | 677.00 Mn |
| 3 | Chipotle Mexican Grill | 41.21 Bn | 40.34 Bn | 2.61 Bn | 480.64 Mn |
| 4 | Restaurant Brands International | 25.26 Bn | 24.25 Bn | 2.14 Bn | 122.00 Mn |
| 5 | Darden Restaurants | 22.64 Bn | 22.40 Bn | 3.31 Bn | 39.40 Mn |
| 6 | Yum China Holdings | 15.35 Bn | 13.92 Bn | 2.31 Bn | 963.00 Mn |
| 7 | Texas Roadhouse | 12.76 Bn | 12.54 Bn | 1.40 Bn | 228.63 Mn |
| 8 | Dominos Pizza | 11.11 Bn | 10.98 Bn | 478.23 Mn | 716.20 Mn |
| 9 | Dutch Bros | 8.18 Bn | 7.92 Bn | 107.48 Mn | 356.94 Mn |
| 10 | Brinker International | 8.13 Bn | 8.07 Bn | 1.10 Bn | 373.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 122.00 Mn |
| Mar 31, 2026 | 122.00 Mn |
| Dec 31, 2025 | -391.00 Mn |
| Dec 31, 2025 | -391.00 Mn |
| Sep 30, 2025 | 119.00 Mn |
| Sep 30, 2025 | 119.00 Mn |
| Mar 31, 2025 | 468.00 Mn |
| Mar 31, 2025 | 468.00 Mn |
| Dec 31, 2024 | 2.18 Bn |
| Dec 31, 2024 | 2.18 Bn |
| Sep 30, 2024 | 123.00 Mn |
| Sep 30, 2024 | 123.00 Mn |
| Jun 30, 2024 | 194.00 Mn |
| Jun 30, 2024 | 194.00 Mn |
| Mar 31, 2024 | 89.00 Mn |
| Mar 31, 2024 | 89.00 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 |