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

Restaurant Brands International (QSR) has reported Cost of Revenue for 13 consecutive years, with $122.0 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Cost of Revenue fell 73.93% year-over-year to $122.0 million; the TTM figure through Mar 2026 stood at -$150.0 million (down 105.06% YoY), while the FY2024 annual figure was $2.2 billion, changed N/A from the prior year.
• Cost of Revenue climbed to $122.0 million in Q1 2026 per QSR's latest filing, from -$391.0 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $2.2 billion in Q4 2024 and bottomed at -$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.
• Annual changes were most pronounced in 2022 — Cost of Revenue slumped 411.09% — and 2025, when it soared 425.84%.
• Restaurant Brands International's Cost of Revenue stood at -$1.7 billion in 2022, then grew by 2.11% to -$1.6 billion in 2023, then surged by 234.57% to $2.2 billion in 2024, then tumbled by 117.94% to -$391.0 million in 2025, then soared by 131.2% to $122.0 million in 2026.
• Business Quant data shows QSR's Cost of Revenue at $122.0 million in Q1 2026, -$391.0 million in Q4 2025, and $119.0 million in Q3 2025.