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.

• Quarterly Operating Expenses fell 0.96% year-over-year to $1.7 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $7.2 billion (up 11.6% YoY) and the FY2025 annual result came in at $7.2 billion, up 20.8% from the prior year.
• Operating Expenses fell 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.
• The 5-year median for Operating Expenses is $1.4 billion (2023), against an average of $1.4 billion.
• The widest annual swing landed in 2025, when Operating Expenses jumped 40.08%; it then fell 0.96% in 2026.
• Tracing QSR's Operating Expenses over 5 years: stood at $1.3 billion in 2022, then climbed by 0.67% to $1.4 billion in 2023, then grew by 22.86% to $1.7 billion in 2024, then advanced by 11.08% to $1.8 billion in 2025, then fell by 10.14% to $1.7 billion in 2026.
• Per Business Quant, the three latest QSR Operating Expenses figures stand at $1.7 billion (Q1 2026), $1.8 billion (Q4 2025), and $1.8 billion (Q3 2025).

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