Restaurant Brands International (QSR) Operating Margin (2013 - 2026)

Restaurant Brands International (QSR) has 14 years of Operating Margin data on file, last reported at 26.77% in Q1 2026.

• On a quarterly basis, Operating Margin rose 614.0% year-over-year to 26.77% in Q1 2026; TTM through Mar 2026 was 24.75%, a 157.0% decrease from a year earlier, with the FY2025 full-year figure at 23.34%, down 544.0% from the prior year.
• Operating Margin for Q1 2026 stood at 26.77%, up from 25.18% in the prior quarter.
• Over the last five years, Operating Margin for QSR reached as high as 33.01% in Q2 2022 and fell as low as 20.04% in Q2 2025.
• Historically, Operating Margin has averaged 27.61% across 5 years, with a median of 27.66% in 2024.
• Across the five-year window, Operating Margin plunged 1183 bps in 2025 and surged 614 bps in 2026, its largest moves.
• Year by year, Operating Margin stood at 20.49% in 2022, then grew by 26 bps to 25.71% in 2023, then rose by 8 bps to 27.66% in 2024, then declined by 9 bps to 25.18% in 2025, then rose by 6 bps to 26.77% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 26.77% in Q1 2026, 25.18% in Q4 2025, and 27.07% in Q3 2025.