Restaurant Brands International (QSR) Operating Expenses (2014 - 2026)
Restaurant Brands International (QSR) posted quarterly Operating Expenses of $1.7 billion for Q1 2026, down 0.96% year-over-year from $1.7 billion in Q1 2025, and down 10.14% quarter-over-quarter from $1.8 billion in Q4 2025.
Restaurant Brands International (QSR) Operating Expenses (2014 - 2026) Analysis & Trends
Restaurant Brands International (QSR) has reported Operating Expenses for 13 consecutive years, with $1.7 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 0.96% year-over-year to $1.7 billion; the TTM figure through Mar 2026 stood at $7.2 billion (up 11.6% YoY), while the FY2025 annual figure was $7.2 billion, up 20.8% from the prior year.
- Operating Expenses slipped to $1.7 billion in Q1 2026 per QSR's latest filing, from $1.8 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $1.9 billion in Q2 2025 and bottomed at $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.
- Annual changes were most pronounced in 2025 — Operating Expenses soared 40.08% — and 2026, when it decreased 0.96%.
- Restaurant Brands International's Operating Expenses stood at $1.3 billion in 2022, then rose by 0.67% to $1.4 billion in 2023, then gained by 22.86% to $1.7 billion in 2024, then increased by 11.08% to $1.8 billion in 2025, then slipped by 10.14% to $1.7 billion in 2026.
- Business Quant data shows QSR's Operating Expenses at $1.7 billion in Q1 2026, $1.8 billion in Q4 2025, and $1.8 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn | 3.76 Bn |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn | 8.42 Bn |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn | 2.82 Bn |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn | 1.51 Bn |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn | 1.80 Bn |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn | 3.20 Bn |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 1.80 Bn |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn | 2.79 Bn |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn | 1.54 Bn |
| 10 | Dominos Pizza | 11.46 Bn | 11.32 Bn | 478.23 Mn | 115.37 Mn |
Historic Data
Download 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 |