Restaurant Brands International (QSR) Gross Margin (2014 - 2026)
Restaurant Brands International (QSR) reported Gross Margin of 94.61% for Q1 2026, up 1258.0% year-over-year from 6.97% in Q1 2025, and down 1.56% on a QoQ basis from 96.11% in Q4 2025.
Restaurant Brands International (QSR) has 13 years of Gross Margin data on file, last reported at 94.61% in Q1 2026.
- Quarterly Gross Margin rose 1258.0% year-over-year to 94.61% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 97.31% (up 3029.0% YoY) and the FY2025 annual result came in at 98.98%, up 2492.0% from the prior year.
- Gross Margin retreated to 94.61% in Q1 2026 per QSR's latest filing, from 96.11% in the prior quarter.
- Across five years, Gross Margin topped out at 198.16% in Q4 2022 and bottomed at 5.05% in Q4 2024.
- The 5-year median for Gross Margin is 93.85% (2024), against an average of 92.57%.
- The widest annual swing landed in 2022, when Gross Margin surged 13258 bps; it then tumbled 18396 bps in 2024.
- Tracing QSR's Gross Margin over 5 years: stood at 198.16% in 2022, then slipped by 5 bps to 189.01% in 2023, then plunged by 97 bps to 5.05% in 2024, then jumped by 1802 bps to 96.11% in 2025, then decreased by 2 bps to 94.61% in 2026.
- Per Business Quant, the three latest QSR Gross Margin figures stand at 94.61% (Q1 2026), 96.11% (Q4 2025), and 100.0% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | 98.63% |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | 67.12% |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | 84.44% |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | 94.61% |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | 98.82% |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | 99.05% |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | 86.00% |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | 40.37% |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | 290.04% |
| 10 | Dutch Bros | 7.47 Bn | 7.43 Bn | 107.48 Mn | 23.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 94.61% |
| Dec 31, 2025 | 96.11% |
| Sep 30, 2025 | 100.00% |
| Jun 30, 2025 | 98.34% |
| Mar 31, 2025 | 82.03% |
| Dec 31, 2024 | 5.05% |
| Sep 30, 2024 | 93.85% |
| Jun 30, 2024 | 90.67% |
| Mar 31, 2024 | 100.00% |
| Dec 31, 2023 | 189.01% |
| Sep 30, 2023 | 96.84% |
| Jun 30, 2023 | 68.96% |
| Mar 31, 2023 | 65.41% |
| Dec 31, 2022 | 198.16% |
| Sep 30, 2022 | 64.37% |
| Jun 30, 2022 | 64.37% |
| Mar 31, 2022 | 65.95% |
| Dec 31, 2021 | 65.59% |
| Sep 30, 2021 | 67.22% |
| Jun 30, 2021 | 67.52% |
| Mar 31, 2021 | 68.17% |
| Dec 31, 2020 | 66.57% |
| Sep 30, 2020 | 68.74% |
| Jun 30, 2020 | 67.65% |
| Mar 31, 2020 | 67.43% |
| Dec 31, 2019 | 67.61% |
| Sep 30, 2019 | 67.42% |
| Jun 30, 2019 | 67.64% |
| Mar 31, 2019 | 67.93% |
| Dec 31, 2018 | 66.06% |
| Sep 30, 2018 | 65.82% |
| Jun 30, 2018 | 66.57% |
| Mar 31, 2018 | 65.79% |
| Dec 31, 2017 | 61.66% |
| Sep 30, 2017 | 59.20% |
| Jun 30, 2017 | 59.35% |
| Mar 31, 2017 | 57.70% |
| Dec 31, 2016 | 60.29% |
| Sep 30, 2016 | 57.51% |
| Jun 30, 2016 | 57.89% |
| Mar 31, 2016 | 57.47% |
| Dec 31, 2015 | 56.96% |
| Sep 30, 2015 | 56.20% |
| Jun 30, 2015 | 54.44% |
| Mar 31, 2015 | 53.58% |
| Dec 31, 2014 | 73.98% |
| Sep 30, 2014 | 97.53% |
| Jun 30, 2014 | 99.58% |
| Mar 31, 2014 | 99.50% |