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
DateValue
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