Restaurant Brands International (QSR) Gross Margin (2014 - 2026)
Restaurant Brands International (QSR) posted quarterly Gross Margin of 94.61% for Q1 2026, up 1680.0% year-over-year from 5.32% in Q1 2025, and down 18.34% quarter-over-quarter from 115.86% in Q4 2025.
Restaurant Brands International (QSR) Gross Margin (2014 - 2026) Analysis & Trends
Restaurant Brands International (QSR) has reported Gross Margin for 13 consecutive years, with 94.61% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 1680.0% year-over-year to 94.61%; the TTM figure through Mar 2026 stood at 101.56% (up 3535.0% YoY), while the FY2025 annual figure was 100.0%, up 2593.0% from the prior year.
- Gross Margin eased to 94.61% in Q1 2026 per QSR's latest filing, from 115.86% in the prior quarter.
- Across five years, Gross Margin topped out at 197.99% in Q4 2022 and bottomed at 5.05% in Q4 2024.
- Historically, Gross Margin has averaged 94.66% across 5 years, with a median of 94.63% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin jumped 13240 bps — and 2024, when it sank 18396 bps.
- Restaurant Brands International's Gross Margin stood at 197.99% in 2022, then decreased by 5 bps to 189.01% in 2023, then tumbled by 97 bps to 5.05% in 2024, then jumped by 2193 bps to 115.86% in 2025, then dropped by 18 bps to 94.61% in 2026.
- Business Quant data shows QSR's Gross Margin at 94.61% in Q1 2026, 115.86% in Q4 2025, and 95.14% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn | 90.42% |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn | 69.66% |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn | 70.33% |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn | 67.73% |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn | 74.80% |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn | 98.84% |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 74.80% |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn | 70.75% |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn | 85.89% |
| 10 | Dominos Pizza | 11.46 Bn | 11.32 Bn | 478.23 Mn | 40.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 74.80% |
| Mar 31, 2026 | 94.61% |
| Dec 31, 2025 | 115.86% |
| Sep 30, 2025 | 95.14% |
| Jun 30, 2025 | 100.00% |
| Mar 31, 2025 | 77.81% |
| Dec 31, 2024 | 5.05% |
| Sep 30, 2024 | 94.63% |
| Jun 30, 2024 | 90.67% |
| Mar 31, 2024 | 94.88% |
| Dec 31, 2023 | 189.01% |
| Sep 30, 2023 | 96.84% |
| Jun 30, 2023 | 96.56% |
| Mar 31, 2023 | 65.41% |
| Dec 31, 2022 | 197.99% |
| 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% |