Th was Restaurant Brands International Limited Partnership’s largest segment in fiscal 2025, bringing in $4.25B of $9.43B (45%).
| 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 | — | — | — | — | |||||||||
| Rh | — | — | $1.12B | $1.84B | |||||||||
| Burger King Brand | $1.20B | $1.30B | $1.45B | $1.51B | |||||||||
| Burger King | — | — | — | — | |||||||||
| Intl | $751.00M | $874.00M | $935.00M | $998.00M | |||||||||
| Popeyes Brand | $619.00M | $692.00M | $768.00M | $800.00M | |||||||||
| Popeyes | — | — | — | — | |||||||||
| Firehouse Subs Brand | $138.00M | $187.00M | $214.00M | $232.00M | |||||||||
| Intersegment Eliminations | — | — | -$117.00M | -$197.00M | |||||||||
| Total | $6.51B | $7.02B | $8.41B | $9.43B |
Restaurant Brands International Limited Partnership brought in $9.43B from its seven segments in fiscal 2025, the year ended December 31, 2025. That was up 12.2% from $8.41B in fiscal 2024. Th was the largest at $4.25B (45.0%), ahead of Rh at $1.84B (19.5%) and Burger King Brand at $1.51B (16.0%). The other three segments brought in $2.03B combined.
Compared with fiscal 2024, Rh grew fastest, up 64.9% to $1.84B. Every segment above 2% of revenue grew.
Restaurant Brands International Limited Partnership began breaking out Rh in fiscal 2024 and Intersegment Eliminations in fiscal 2024. The total is net of Intersegment Eliminations, which took $197.00M off revenue in fiscal 2025.
United States was Restaurant Brands International Limited Partnership’s largest region in fiscal 2025, bringing in $4.56B of $9.43B (48%).
| Geography | FY 2012 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Canadian | $3.48B | $3.63B | $3.68B | $3.85B | ||||||||||
| Canada | — | — | — | — | ||||||||||
| United States | $2.27B | $2.52B | $3.78B | $4.56B | ||||||||||
| Bk - U.S. & Canada | — | — | — | — | ||||||||||
| Outside Of Canada | — | — | — | — | ||||||||||
| 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 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%.
Product was Restaurant Brands International Limited Partnership’s largest product and service line in fiscal 2025, bringing in $5.26B of $9.43B (56%).
| Product and Service | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Product | — | $2.95B | $4.30B | $5.26B | |||
| Supply Chain Sales | $2.82B | — | — | — | |||
| Sales | — | — | — | — | |||
| Franchise & Property Revenues | $2.66B | $2.90B | $2.92B | $2.96B | |||
| Advertising Revenues & Other Services | $1.03B | $1.17B | $1.19B | $1.22B | |||
| Advertising Revenues | — | — | — | — | |||
| Total | $6.51B | $7.02B | $8.41B | $9.43B |
Restaurant Brands International Limited Partnership brought in $9.43B from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 12.2% from $8.41B in fiscal 2024. Product was the largest at $5.26B (55.7%), ahead of Franchise & Property Revenues at $2.96B (31.4%) and Advertising Revenues & Other Services at $1.22B (12.9%).
Compared with fiscal 2024, Product grew fastest, up 22.3% to $5.26B. Every line above 2% of revenue grew.
Restaurant Brands International Limited Partnership began breaking out Product in fiscal 2023, when it brought in $2.95B. Restaurant Brands International Limited Partnership stopped reporting Supply Chain Sales as a separate line after fiscal 2022, when it brought in $2.82B.
Restaurant Brands International Limited Partnership (RSTRF) reports its revenue by segment, by geography and by product and service. In fiscal 2025, Th was its largest segment, bringing in $4.25B (45.0% of the total), followed by Rh at $1.84B (19.5%).
Th was Restaurant Brands International Limited Partnership's largest segment in fiscal 2025, bringing in $4.25B, or 45.0% of the $9.43B total across its seven segments.
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.
Product was Restaurant Brands International Limited Partnership's largest product and service line in fiscal 2025, bringing in $5.26B, or 55.7% of the $9.43B total across its three product and service lines.
Among Restaurant Brands International Limited Partnership's segments that make up at least 2% of revenue, Rh grew fastest in fiscal 2025, up 64.9% from $1.12B to $1.84B.
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 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.