Th was the largest of Restaurant Brands International Limited Partnership’s 5 reported lines in fiscal 2025, at $4.25B — 55% of $7.79B.
| Segment | FY 2012 | FY 2013 | FY 2014 | 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 | — | — | — | — | |||||||||
| Burger King Brand | $1.20B | $1.30B | $1.33B | $1.51B | |||||||||
| Burger King | — | — | — | — | |||||||||
| Rh | — | — | $1.12B | — | |||||||||
| Intl | $751.00M | $874.00M | $935.00M | $998.00M | |||||||||
| Company Restaurant | — | — | — | — | |||||||||
| Popeyes Brand | $619.00M | $692.00M | $768.00M | $800.00M | |||||||||
| Popeyes | — | — | — | — | |||||||||
| Firehouse Subs Brand | $138.00M | $187.00M | $214.00M | $232.00M | |||||||||
| Total | $6.51B | $7.02B | $8.41B | $7.79B |
In fiscal 2025, which ended December 31, 2025, the 5 segments Restaurant Brands International Limited Partnership reported in this breakdown added up to $7.79B. That is less than the $9.43B in its breakdown by region, so these segments do not account for all of its revenue that year. Th was the largest segment, at $4.25B or 54.5% of the total, followed by Burger King Brand ($1.51B, 19.4%) and Intl ($998.00M, 12.8%). Together, the two largest segments made up 73.9% of this total.
Compared with fiscal 2024, Burger King Brand grew the fastest, rising 13.6% to $1.51B. Every sizeable segment reported in both years grew. Because segments were added or dropped between the two years, part of this reflects how Restaurant Brands International Limited Partnership regrouped its reporting.
The table also keeps 6 segments that Restaurant Brands International Limited Partnership no longer reports, so earlier years can still be read on their original basis; use "Show 6 discontinued" beneath the table to see them. This breakdown covers 13 fiscal years between 2012 and 2025, as reported in Restaurant Brands International Limited Partnership's annual filings.
Franchise & Property Revenues was the largest of Restaurant Brands International Limited Partnership’s 3 reported lines in fiscal 2025, at $2.96B — 42% of $7.09B.
| 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 | — | $2.68B | $2.71B | $2.91B | |||
| Supply Chain Sales | $2.58B | — | — | — | |||
| Sales | — | — | — | — | |||
| Advertising Revenues & Other Services | $1.03B | $1.17B | $1.19B | $1.22B | |||
| Advertising Revenues | — | — | — | — | |||
| Total | $6.27B | $6.75B | $6.81B | $7.09B |
In fiscal 2025, which ended December 31, 2025, the 3 revenue lines Restaurant Brands International Limited Partnership reported in this breakdown added up to $7.09B. That is less than the $9.43B in its breakdown by region, so these revenue lines do not account for all of its revenue that year. Franchise & Property Revenues was the largest revenue line, at $2.96B or 41.8% of the total, followed by Product ($2.91B, 41.1%) and Advertising Revenues & Other Services ($1.22B, 17.2%). Together, the two largest revenue lines made up 82.8% of this total.
Compared with fiscal 2024, Product grew the fastest, rising 7.4% to $2.91B. Every sizeable revenue line reported in both years grew.
Product was first reported as a separate revenue line in fiscal 2023. The table also keeps 3 revenue lines that Restaurant Brands International Limited Partnership no longer reports, so earlier years can still be read on their original basis; use "Show 3 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2019 to 2025, as reported in Restaurant Brands International Limited Partnership's annual filings.
United States was the largest of Restaurant Brands International Limited Partnership’s 3 reported lines in fiscal 2025, at $4.56B — 48% of $9.43B.
| Geography | FY 2014 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Canadian | $3.48B | $3.63B | $3.68B | $3.85B | |||||||
| Canada | — | — | — | — | |||||||
| United States | $2.27B | $2.52B | $3.78B | $4.56B | |||||||
| Other | $751.00M | $874.00M | $939.00M | $1.03B | |||||||
| Total | $6.51B | $7.02B | $8.41B | $9.43B |
In fiscal 2025, which ended December 31, 2025, the 3 regions Restaurant Brands International Limited Partnership reported in this breakdown added up to $9.43B. That was up 12.2% from $8.41B in fiscal 2024. United States was the largest region, at $4.56B or 48.3% of the total, followed by Canadian ($3.85B, 40.8%) and Other ($1.03B, 10.9%). Together, the two largest regions made up 89.1% of this total.
Compared with fiscal 2024, United States grew the fastest, rising 20.5% to $4.56B. Every sizeable region reported in both years grew. Over fiscal 2022 to 2025, revenue across these regions went from $6.51B to $9.43B, a compound annual growth rate of 13.2%. United States' share of the total rose from 34.9% to 48.3% over the same years.
The table also keeps 1 region that Restaurant Brands International Limited Partnership no longer reports, so earlier years can still be read on their original basis; use "Show 1 discontinued" beneath the table to see them. This breakdown covers 11 fiscal years between 2014 and 2025, as reported in Restaurant Brands International Limited Partnership's annual filings.
Restaurant Brands International Limited Partnership (RSTRF) breaks its revenue down by segment, revenue line and region. In fiscal 2025, its largest segment was Th, with $4.25B or 54.5% of the total, followed by Burger King Brand at $1.51B (19.4%).
Th was Restaurant Brands International Limited Partnership's largest segment in fiscal 2025, with $4.25B in revenue, 54.5% of the $7.79B reported across its 5 segments.
Franchise & Property Revenues was Restaurant Brands International Limited Partnership's largest revenue line in fiscal 2025, with $2.96B in revenue, 41.8% of the $7.09B reported across its 3 revenue lines.
United States was Restaurant Brands International Limited Partnership's largest region in fiscal 2025, with $4.56B in revenue, 48.3% of the $9.43B reported across its 3 regions.
Of the Restaurant Brands International Limited Partnership revenue lines reported in both fiscal 2024 and fiscal 2025, and making up at least 2% of the total, Product grew the fastest, rising 7.4% from $2.71B to $2.91B.
Every figure is taken from Restaurant Brands International Limited Partnership's annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by segment covers fiscal 2012 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.