Restaurant Brands International (QSR) Gross Margin (2014 - 2026)
Restaurant Brands International (QSR) reported Gross Margin of 54.64% for Q2 2026, down 0.25 percentage points from 54.90% a year earlier but up 0.62 percentage points from the prior quarter.
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Analysis
Restaurant Brands International (QSR) Gross Margin (2014 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Restaurant Brands International's Gross Margin came in at 53.97%, down 0.70 percentage points year-over-year; for FY2025, it was 54.09%, down 4.18 percentage points from FY2024.
- Gross Margin has a five-year change of -13.50 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 58.27% in FY2024 (-7.06 pp), 65.32% in FY2023 (+0.87 pp), 64.46% in FY2022 (-2.61 pp) and 67.07% in FY2021 (-0.53 pp).
- Five-year quarterly Gross Margin spans a low of 52.84% in Q4 2025 and a high of 67.22% in Q3 2021.
- Year over year, Gross Margin has now declined in each of the last ten quarters, with an average year-over-year change of -4.99 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q3 2023 (a gain of 1.34 percentage points); the low point was Q1 2025 (a drop of 10.86 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 54.02% (Q1 2026), 52.84% (Q4 2025) and 54.39% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 165.62 Bn | 160.44 Bn | 6.42 Bn | 90.42% |
| 2 | Starbucks | 108.79 Bn | 96.42 Bn | - | - |
| 3 | Chipotle Mexican Grill | 40.35 Bn | 36.33 Bn | - | - |
| 4 | Yum Brands | 37.59 Bn | 34.48 Bn | 1.47 Bn | 67.73% |
| 5 | Restaurant Brands International | 24.96 Bn | 22.07 Bn | 1.38 Bn | 54.64% |
| 6 | Darden Restaurants | 22.28 Bn | 21.39 Bn | -113.70 Mn | -3.06% |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 54.64% |
| 8 | Yum China Holdings | 14.08 Bn | 8.44 Bn | 537.00 Mn | 17.11% |
| 9 | Texas Roadhouse | 10.31 Bn | 9.67 Bn | - | - |
| 10 | Dominos Pizza | 9.98 Bn | 9.32 Bn | 478.23 Mn | 40.04% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 54.64% |
| Mar 31, 2026 | 54.02% |
| Dec 31, 2025 | 52.84% |
| Sep 30, 2025 | 54.39% |
| Jun 30, 2025 | 54.90% |
| Mar 31, 2025 | 54.29% |
| Dec 31, 2024 | 54.53% |
| Sep 30, 2024 | 54.95% |
| Jun 30, 2024 | 60.29% |
| Mar 31, 2024 | 65.15% |
| Dec 31, 2023 | 64.67% |
| Sep 30, 2023 | 65.70% |
| Jun 30, 2023 | 65.52% |
| Mar 31, 2023 | 65.41% |
| Dec 31, 2022 | 63.35% |
| 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% |
API Access
Restaurant Brands International Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=QSR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "QSR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=QSR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();