Restaurant Brands International (QSR) Operating Expenses (2014 - 2026)
Restaurant Brands International's (QSR) quarterly Operating Expenses came in at $1.8 billion in Q2 2026, down 6.38% year-over-year from $1.9 billion in Q2 2025, and up 8.81% quarter-over-quarter from $1.7 billion in Q1 2026.
Restaurant Brands International (QSR) Operating Expenses (2014 - 2026) Analysis & Trends
Restaurant Brands International (QSR) has reported Operating Expenses for 13 consecutive years, with $1.8 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses fell 6.38% year-over-year to $1.8 billion in Q2 2026; TTM through Jun 2026 was $7.1 billion, a 1.68% increase from a year earlier, with the FY2025 full-year figure at $7.2 billion, up 20.8% from the prior year.
- Operating Expenses was $1.8 billion for Q2 2026 at Restaurant Brands International, up from $1.7 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $1.9 billion in Q2 2025 and troughed at $1.0 billion in Q1 2022.
- A 5-year average of $1.5 billion and a median of $1.4 billion in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses surged 40.08% in 2025 and retreated 6.38% in 2026, its largest moves.
- Over 5 years, Operating Expenses stood at $1.3 billion in 2022, then grew by 0.67% to $1.4 billion in 2023, then increased by 22.86% to $1.7 billion in 2024, then climbed by 11.08% to $1.8 billion in 2025, then slipped by 2.22% to $1.8 billion in 2026.
- The last three Operating Expenses figures came in at $1.8 billion (Q2 2026), $1.7 billion (Q1 2026), and $1.8 billion (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 168.67 Bn | 167.85 Bn | 6.42 Bn | 3.76 Bn |
| 2 | Starbucks | 107.32 Bn | 103.72 Bn | 6.49 Bn | 8.42 Bn |
| 3 | Chipotle Mexican Grill | 41.40 Bn | 40.73 Bn | 2.35 Bn | 2.82 Bn |
| 4 | Yum Brands | 38.39 Bn | 37.72 Bn | 1.47 Bn | 1.51 Bn |
| 5 | Restaurant Brands International | 25.02 Bn | 25.51 Bn | 1.89 Bn | 1.80 Bn |
| 6 | Darden Restaurants | 24.39 Bn | 24.17 Bn | 3.68 Bn | 3.20 Bn |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 15.95 Bn | 1.89 Bn | 1.80 Bn |
| 8 | Yum China Holdings | 14.09 Bn | 13.41 Bn | 2.22 Bn | 2.79 Bn |
| 9 | Texas Roadhouse | 10.81 Bn | 10.63 Bn | 1.44 Bn | 1.54 Bn |
| 10 | Dominos Pizza | 9.81 Bn | 9.60 Bn | 478.23 Mn | 115.37 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.80 Bn |
| Mar 31, 2026 | 1.66 Bn |
| Dec 31, 2025 | 1.85 Bn |
| Sep 30, 2025 | 1.79 Bn |
| Jun 30, 2025 | 1.93 Bn |
| Mar 31, 2025 | 1.67 Bn |
| Dec 31, 2024 | 1.66 Bn |
| Sep 30, 2024 | 1.71 Bn |
| Jun 30, 2024 | 1.42 Bn |
| Mar 31, 2024 | 1.20 Bn |
| Dec 31, 2023 | 1.35 Bn |
| Sep 30, 2023 | 1.26 Bn |
| Jun 30, 2023 | 1.22 Bn |
| Mar 31, 2023 | 1.14 Bn |
| Dec 31, 2022 | 1.34 Bn |
| Sep 30, 2022 | 1.17 Bn |
| Jun 30, 2022 | 1.10 Bn |
| Mar 31, 2022 | 1.00 Bn |
| Dec 31, 2021 | 1.13 Bn |
| Sep 30, 2021 | 962.00 Mn |
Restaurant Brands International Operating Expenses 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=operating-expenses&ticker=QSR&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=QSR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();