Restaurant Brands International (QSR) Net Margin (2013 - 2026)
Restaurant Brands International (QSR) reported Net Margin of 21.47% for Q3 2026, up 8.60 percentage points from 12.86% a year earlier and up 1.35 percentage points from the prior quarter.
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Analysis
Restaurant Brands International (QSR) Net Margin (2013 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Restaurant Brands International's Net Margin came in at 15.35%, up 5.39 percentage points year-over-year; for FY2025, it was 8.23%, down 3.92 percentage points from FY2024.
- Net Margin has a five-year change of -1.56 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 12.15% in FY2024 (-4.80 pp), 16.95% in FY2023 (+1.45 pp), 15.50% in FY2022 (+0.89 pp) and 14.60% in FY2021 (+4.82 pp).
- The Q3 2026 figure ranks as the highest quarterly Net Margin since Q4 2023.
- Year over year, Net Margin has now increased in each of the last three quarters, with an average year-over-year change of -0.56 percentage points over the last eight quarters.
- The high point for year-over-year Net Margin in five years was Q4 2023 (a gain of 14.35 percentage points); the low point was Q4 2024 (a drop of 16.63 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 20.12% (Q2 2026), 14.93% (Q1 2026) and 4.58% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 198.28 Bn | 193.10 Bn | 6.42 Bn | 33.27% |
| 2 | Starbucks | 125.06 Bn | 112.69 Bn | - | 11.21% |
| 3 | Yum Brands | 45.39 Bn | 42.27 Bn | 1.47 Bn | 39.33% |
| 4 | Chipotle Mexican Grill | 44.51 Bn | 41.01 Bn | - | 10.32% |
| 5 | Restaurant Brands International | 27.33 Bn | 24.70 Bn | 1.40 Bn | 21.47% |
| 6 | Darden Restaurants | 26.09 Bn | 25.18 Bn | 1.68 Bn | 7.29% |
| 7 | Restaurant Brands International Limited Partnership | 24.67 Bn | 20.46 Bn | 1.40 Bn | 27.88% |
| 8 | Yum China Holdings | 17.13 Bn | 11.49 Bn | 537.00 Mn | 7.78% |
| 9 | Texas Roadhouse | 12.88 Bn | 12.25 Bn | - | 7.26% |
| 10 | Dominos Pizza | 11.21 Bn | 10.45 Bn | 476.38 Mn | 12.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 21.47% |
| Jun 30, 2026 | 20.12% |
| Mar 31, 2026 | 14.93% |
| Dec 31, 2025 | 4.58% |
| Sep 30, 2025 | 12.86% |
| Jun 30, 2025 | 7.84% |
| Mar 31, 2025 | 7.54% |
| Dec 31, 2024 | 11.28% |
| Sep 30, 2024 | 11.00% |
| Jun 30, 2024 | 13.46% |
| Mar 31, 2024 | 13.23% |
| Dec 31, 2023 | 27.91% |
| Sep 30, 2023 | 13.72% |
| Jun 30, 2023 | 13.58% |
| Mar 31, 2023 | 11.89% |
| Dec 31, 2022 | 13.56% |
| Sep 30, 2022 | 20.86% |
| Jun 30, 2022 | 14.40% |
| Mar 31, 2022 | 12.61% |
| Dec 31, 2021 | 11.58% |
API Access
Restaurant Brands International Net 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=net-margin&ticker=QSR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=QSR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();