Restaurant Brands International (QSR) Operating Expenses (2014 - 2026)

Restaurant Brands International (QSR) has 13 years of Operating Expenses data on file, last reported at $1.7 billion in Q1 2026.

• On a quarterly basis, Operating Expenses fell 0.96% year-over-year to $1.7 billion in Q1 2026; TTM through Mar 2026 was $7.2 billion, a 11.6% increase from a year earlier, with the FY2025 full-year figure at $7.2 billion, up 20.8% from the prior year.
• Operating Expenses for Q1 2026 stood at $1.7 billion, down from $1.8 billion in the prior quarter.
• Over the last five years, Operating Expenses for QSR reached as high as $1.9 billion in Q2 2025 and fell as low as $1.0 billion in Q1 2022.
• Historically, Operating Expenses has averaged $1.4 billion across 5 years, with a median of $1.4 billion in 2023.
• Across the five-year window, Operating Expenses jumped 40.08% in 2025 and fell 0.96% in 2026, its largest moves.
• Year by year, Operating Expenses stood at $1.3 billion in 2022, then advanced by 0.67% to $1.4 billion in 2023, then climbed by 22.86% to $1.7 billion in 2024, then gained by 11.08% to $1.8 billion in 2025, then declined by 10.14% to $1.7 billion in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $1.7 billion in Q1 2026, $1.8 billion in Q4 2025, and $1.8 billion in Q3 2025.