Th was Restaurant Brands International Limited Partnership’s largest segment in fiscal 2025, bringing in $4.25B of $7.79B (55%).
| 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 |
Restaurant Brands International Limited Partnership 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 Burger King Brand 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, Burger King Brand grew fastest, up 13.6% to $1.51B. Every segment above 2% of revenue grew. Some of that change comes from Restaurant Brands International Limited Partnership regrouping its segments.
Restaurant Brands International Limited Partnership stopped reporting Rh as a separate segment after fiscal 2024, when it brought in $1.12B.
Franchise & Property Revenues was Restaurant Brands International Limited Partnership’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 | — | $2.68B | $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 |
Restaurant Brands International Limited Partnership 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 Limited Partnership began breaking out Product in fiscal 2023, when it brought in $2.68B. Restaurant Brands International Limited Partnership stopped reporting Supply Chain Sales as a separate line after fiscal 2022, when it brought in $2.58B.
United States was Restaurant Brands International Limited Partnership’s largest region in fiscal 2025, bringing in $4.56B of $9.43B (48%).
| 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 |
Restaurant Brands International Limited Partnership 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 Canadian 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. From fiscal 2022 to 2025, combined revenue from these regions grew 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%.
Restaurant Brands International Limited Partnership (RSTRF) reports its revenue by segment, by product and service and by geography. In fiscal 2025, Th was its largest segment, bringing in $4.25B (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, bringing in $4.25B, or 54.5% of the $7.79B total across its five segments.
Franchise & Property Revenues was Restaurant Brands International Limited Partnership'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.
United States was Restaurant Brands International Limited Partnership's largest region in fiscal 2025, bringing in $4.56B, or 48.3% of the $9.43B total across its three regions.
Among Restaurant Brands International Limited Partnership's product and service lines that make up at least 2% of revenue, Product grew fastest in fiscal 2025, up 7.4% from $2.71B to $2.91B.
Every figure comes from Restaurant Brands International Limited Partnership's annual financial filings, as reported. Each line keeps the name Restaurant Brands International Limited Partnership gives it, and years follow its fiscal calendar.
Restaurant Brands International Limited Partnership's revenue by segment goes back to fiscal 2012, 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.