Th was Restaurant Brands International’s largest segment in fiscal 2025, bringing in $4.25B of $7.79B (55%).
| Segment | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Th | $3.80B | $3.97B | $4.04B | $4.25B | |||||||||
| Tim Hortons Brand | — | — | — | — | |||||||||
| Tim Hortons | — | — | — | — | |||||||||
| Bk | $1.20B | $1.30B | $1.33B | $1.51B | |||||||||
| Burger King Brand | — | — | — | — | |||||||||
| Burger King | — | — | — | — | |||||||||
| Rh | — | — | $1.12B | — | |||||||||
| Intl | $751.00M | $874.00M | $935.00M | $998.00M | |||||||||
| Intl Segment | — | — | — | — | |||||||||
| Plk | $619.00M | $692.00M | $768.00M | $800.00M | |||||||||
| Popeyes Brand | — | — | — | — | |||||||||
| Popeyes | — | — | — | — | |||||||||
| Company Restaurant | — | — | — | — | |||||||||
| Fhs | $138.00M | $187.00M | $214.00M | $232.00M | |||||||||
| Fhs Segment | — | — | — | — | |||||||||
| Supply Chain | — | — | — | — | |||||||||
| Total | $6.51B | $7.02B | $8.41B | $7.79B |
Restaurant Brands International brought in $7.79B from its five segments in fiscal 2025, the year ended December 31, 2025. That is less than the $9.43B it reports by geography, so these segments do not cover all of its revenue. Th was the largest at $4.25B (54.5%), ahead of Bk at $1.51B (19.4%) and Intl at $998.00M (12.8%). The other two segments brought in $1.03B combined.
Compared with fiscal 2024, Bk grew fastest, up 13.6% to $1.51B. Every segment above 2% of revenue grew. Some of that change comes from Restaurant Brands International regrouping its segments.
Restaurant Brands International stopped reporting Rh as a separate segment after fiscal 2024, when it brought in $1.12B.
United States was Restaurant Brands International’s largest region in fiscal 2025, bringing in $4.56B of $9.43B (48%).
| Geography | FY 2012 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Canada | — | $3.63B | $3.68B | $3.85B | ||||||||
| Canadian | $3.48B | — | — | — | ||||||||
| United States | $2.27B | $2.52B | $3.78B | $4.56B | ||||||||
| Other | $751.00M | $874.00M | $939.00M | $1.03B | ||||||||
| Bk - Emea | — | — | — | — | ||||||||
| Bk - Lac | — | — | — | — | ||||||||
| Bk - Apac | — | — | — | — | ||||||||
| Total | $6.51B | $7.02B | $8.41B | $9.43B |
Restaurant Brands International brought in $9.43B from its three regions in fiscal 2025, the year ended December 31, 2025. That was up 12.2% from $8.41B in fiscal 2024. United States was the largest at $4.56B (48.3%), ahead of Canada at $3.85B (40.8%) and Other at $1.03B (10.9%).
Compared with fiscal 2024, United States grew fastest, up 20.5% to $4.56B. Every region above 2% of revenue grew.
Restaurant Brands International stopped reporting Canadian as a separate region after fiscal 2022, when it brought in $3.48B.
Franchise & Property Revenues was Restaurant Brands International’s largest product and service line in fiscal 2025, bringing in $2.96B of $7.09B (42%).
| Product and Service | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Franchise & Property Revenues | $2.66B | $2.90B | $2.92B | $2.96B | |||
| Product | $2.58B | $2.68B | $2.71B | $2.91B | |||
| Sales | — | — | — | — | |||
| Advertising Revenues & Other Services | $1.03B | $1.17B | $1.19B | $1.22B | |||
| Advertising Revenues | — | — | — | — | |||
| Total | $6.27B | $6.75B | $6.81B | $7.09B |
Restaurant Brands International brought in $7.09B from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That is less than the $9.43B it reports by geography, so these lines do not cover all of its revenue. Franchise & Property Revenues was the largest at $2.96B (41.8%), ahead of Product at $2.91B (41.1%) and Advertising Revenues & Other Services at $1.22B (17.2%).
Compared with fiscal 2024, Product grew fastest, up 7.4% to $2.91B. Every line above 2% of revenue grew.
Restaurant Brands International (QSR) reports its revenue by segment, by geography and by product and service. In fiscal 2025, Th was its largest segment, bringing in $4.25B (54.5% of the total), followed by Bk at $1.51B (19.4%).
Th was Restaurant Brands International's largest segment in fiscal 2025, bringing in $4.25B, or 54.5% of the $7.79B total across its five segments.
United States was Restaurant Brands International's largest region in fiscal 2025, bringing in $4.56B, or 48.3% of the $9.43B total across its three regions.
Franchise & Property Revenues was Restaurant Brands International's largest product and service line in fiscal 2025, bringing in $2.96B, or 41.8% of the $7.09B total across its three product and service lines.
Among Restaurant Brands International's regions that make up at least 2% of revenue, United States grew fastest in fiscal 2025, up 20.5% from $3.78B to $4.56B.
Every figure comes from Restaurant Brands International's annual financial filings, as reported. Each line keeps the name Restaurant Brands International gives it, and years follow its fiscal calendar.
Restaurant Brands International's revenue by segment goes back to fiscal 2013, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.