Restaurant Brands International (QSR) Tax Rate (2014 - 2026)
Restaurant Brands International (QSR) reported Tax Rate of -12.33% for Q2 2026, down 37.12 percentage points from 24.79% a year earlier and down 20.20 percentage points from the prior quarter.
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Analysis
Restaurant Brands International (QSR) Tax Rate (2014 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Restaurant Brands International's Tax Rate came in at 13.27%, down 10.71 percentage points year-over-year; for FY2025, it was 28.68%, up 8.56 percentage points from FY2024.
- Tax Rate has a five-year change of +20.59 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 20.12% in FY2024 (+38.36 pp), -18.24% in FY2023 (-9.67 pp), -8.57% in FY2022 (-16.64 pp) and 8.07% in FY2021 (-0.02 pp).
- The Q2 2026 figure ranks as the lowest quarterly Tax Rate since Q4 2023.
- Year over year, Tax Rate gained in six of the last eight quarters, with an average year-over-year change of +17.34 percentage points.
- The high point for year-over-year Tax Rate in five years was Q4 2024 (a gain of 157.55 percentage points); the low point was Q4 2022 (a drop of 75.68 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 7.87% (Q1 2026), 44.53% (Q4 2025) and 17.60% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 171.96 Bn | 166.78 Bn | 6.42 Bn | 19.55% |
| 2 | Starbucks | 110.34 Bn | 97.96 Bn | - | 26.38% |
| 3 | Yum Brands | 41.48 Bn | 38.36 Bn | 1.47 Bn | - |
| 4 | Chipotle Mexican Grill | 39.00 Bn | 34.98 Bn | - | 24.33% |
| 5 | Restaurant Brands International | 25.80 Bn | 21.35 Bn | 1.38 Bn | - |
| 6 | Darden Restaurants | 24.38 Bn | 23.48 Bn | 1.68 Bn | 12.90% |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | - |
| 8 | Yum China Holdings | 15.57 Bn | 9.23 Bn | 537.00 Mn | 25.99% |
| 9 | Texas Roadhouse | 11.21 Bn | 10.55 Bn | - | 13.53% |
| 10 | Luckin Coffee | 10.73 Bn | 9.81 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 7.87% |
| Dec 31, 2025 | 44.53% |
| Sep 30, 2025 | 17.60% |
| Jun 30, 2025 | 24.79% |
| Mar 31, 2025 | 26.89% |
| Dec 31, 2024 | 27.80% |
| Sep 30, 2024 | 16.78% |
| Jun 30, 2024 | 17.56% |
| Mar 31, 2024 | 17.17% |
| Sep 30, 2023 | 13.95% |
| Jun 30, 2023 | 14.18% |
| Mar 31, 2023 | 9.18% |
| Jun 30, 2022 | 16.02% |
| Mar 31, 2022 | 16.41% |
| Dec 31, 2021 | 9.34% |
| Sep 30, 2021 | 16.50% |
| Mar 31, 2021 | 14.78% |
| Dec 31, 2020 | 2.80% |
| Sep 30, 2020 | 22.57% |
| Mar 31, 2020 | 17.04% |
API Access
Restaurant Brands International Tax Rate 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=tax-rate&ticker=QSR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=QSR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();