Restaurant Brands International (QSR) Operating Margin (2013 - 2026)
Restaurant Brands International's Operating Margin was 27.56% in Q3 2026, up 0.49 percentage points from 27.07% a year earlier but down 0.85 percentage points from the prior quarter.
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Analysis
Restaurant Brands International (QSR) Operating Margin (2013 - 2026) Analysis & Trends
On a trailing twelve-month basis, Restaurant Brands International's Operating Margin was 27.00% through Sep 30, 2026, up 3.08 percentage points year-over-year; for FY2025, it was 23.34%, down 5.44 percentage points from FY2024.
- Operating Margin shows a five-year change of -5.28 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 28.78% in FY2024 (-0.43 pp), 29.21% in FY2023 (+0.03 pp), 29.18% in FY2022 (-3.56 pp) and 32.74% in FY2021 (+4.12 pp).
- Quarterly Operating Margin has moved between 20.04% (Q2 2025) and 33.01% (Q2 2022) over five years.
- Compared with a year earlier, Operating Margin has increased for three straight quarters, with an average year-over-year change of -0.77 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was Q2 2026 (a gain of 8.37 percentage points); the worst was Q2 2025 (a drop of 11.83 percentage points).
- Per Business Quant data, QSR's Operating Margin in the three quarters before Q3 2026 was 28.41% (Q2 2026), 26.77% (Q1 2026) and 25.18% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 198.28 Bn | 193.10 Bn | 6.42 Bn | 47.02% |
| 2 | Starbucks | 125.06 Bn | 112.69 Bn | - | 10.52% |
| 3 | Yum Brands | 45.39 Bn | 42.27 Bn | 1.47 Bn | 30.20% |
| 4 | Chipotle Mexican Grill | 44.51 Bn | 41.01 Bn | - | 13.72% |
| 5 | Restaurant Brands International | 27.33 Bn | 24.70 Bn | 1.40 Bn | 27.56% |
| 6 | Darden Restaurants | 26.09 Bn | 25.18 Bn | 1.68 Bn | 9.98% |
| 7 | Restaurant Brands International Limited Partnership | 24.67 Bn | 20.46 Bn | 1.40 Bn | 27.56% |
| 8 | Yum China Holdings | 17.13 Bn | 11.49 Bn | 537.00 Mn | 11.09% |
| 9 | Texas Roadhouse | 12.88 Bn | 12.25 Bn | - | 8.50% |
| 10 | Dominos Pizza | 11.21 Bn | 10.45 Bn | 476.38 Mn | 20.39% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 27.56% |
| Jun 30, 2026 | 28.41% |
| Mar 31, 2026 | 26.77% |
| Dec 31, 2025 | 25.18% |
| Sep 30, 2025 | 27.07% |
| Jun 30, 2025 | 20.04% |
| Mar 31, 2025 | 20.63% |
| Dec 31, 2024 | 27.66% |
| Sep 30, 2024 | 25.19% |
| Jun 30, 2024 | 31.88% |
| Mar 31, 2024 | 31.28% |
| Dec 31, 2023 | 25.71% |
| Sep 30, 2023 | 31.68% |
| Jun 30, 2023 | 31.21% |
| Mar 31, 2023 | 28.11% |
| Dec 31, 2022 | 20.49% |
| Sep 30, 2022 | 32.50% |
| Jun 30, 2022 | 33.01% |
| Mar 31, 2022 | 31.01% |
| Dec 31, 2021 | 26.91% |
API Access
Restaurant Brands International Operating Margin 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-margin&ticker=QSR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=QSR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();