Restaurant Brands International (QSR) Gross Margin (2014 - 2026)
Restaurant Brands International's (QSR) quarterly Gross Margin came in at 74.8% in Q2 2026, down 76.0% year-over-year from 311.67% in Q2 2025, and little changed quarter-over-quarter from 75.09% in Q1 2026.
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Restaurant Brands International (QSR) Gross Margin (2014 - 2026) Analysis & Trends
Restaurant Brands International (QSR) has reported Gross Margin for 13 consecutive years, with 74.8% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 76.0% year-over-year to 74.8% in Q2 2026; TTM through Jun 2026 was 74.46%, a 129.0% decrease from a year earlier, with the FY2025 full-year figure at 74.95%, up 89.0% from the prior year.
- Gross Margin was 74.8% for Q2 2026 at Restaurant Brands International, roughly flat from 75.09% in the prior quarter.
- Over five years, Gross Margin peaked at 76.48% in Q1 2025 and troughed at 63.35% in Q4 2022.
- A 5-year average of 69.97% and a median of 69.62% in 2022 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin slumped 316 bps in 2022 and surged 1133 bps in 2025, its largest moves.
- Over 5 years, Gross Margin stood at 63.35% in 2022, then increased by 2 bps to 64.67% in 2023, then gained by 17 bps to 75.44% in 2024, then slipped by 3 bps to 73.28% in 2025, then advanced by 2 bps to 74.8% in 2026.
- The last three Gross Margin figures came in at 74.8% (Q2 2026), 75.09% (Q1 2026), and 73.28% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 179.80 Bn | 178.98 Bn | 6.42 Bn | 90.42% |
| 2 | Starbucks | 114.10 Bn | 110.49 Bn | 6.49 Bn | 69.66% |
| 3 | Chipotle Mexican Grill | 46.11 Bn | 45.43 Bn | 2.35 Bn | 70.33% |
| 4 | Yum Brands | 39.69 Bn | 39.01 Bn | 1.47 Bn | 67.73% |
| 5 | Restaurant Brands International | 26.70 Bn | 25.63 Bn | 1.89 Bn | 74.80% |
| 6 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 74.80% |
| 7 | Yum China Holdings | 14.78 Bn | 13.40 Bn | 2.22 Bn | 70.75% |
| 8 | Dominos Pizza | 10.55 Bn | 10.34 Bn | 478.23 Mn | 40.04% |
| 9 | Cava | 6.48 Bn | 6.04 Bn | 95.58 Mn | 25.94% |
| 10 | Dutch Bros | 5.97 Bn | 5.70 Bn | 151.06 Mn | 27.42% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 74.80% |
| Mar 31, 2026 | 75.09% |
| Dec 31, 2025 | 73.28% |
| Sep 30, 2025 | 74.72% |
| Jun 30, 2025 | 75.56% |
| Mar 31, 2025 | 76.48% |
| Dec 31, 2024 | 75.44% |
| Sep 30, 2024 | 75.60% |
| Jun 30, 2024 | 74.04% |
| 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% |