Restaurant Brands (QSR) Revenue & Revenue Breakdown

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Restaurant Brands Revenue Highlights

Latest Revenue (Y)

$7.02B

Latest Revenue (Q)

$2.30B

Main Segment (Y)

Advertising

Main Geography (Y)

CANADA

Restaurant Brands Revenue by Period

Restaurant Brands Revenue by Year

Date	Revenue	Change
2023-12-31	$7.02B	7.95%
2022-12-31	$6.50B	13.35%
2021-12-31	$5.74B	15.52%
2020-12-31	$4.97B	-11.33%
2019-12-31	$5.60B	4.59%
2018-12-31	$5.36B	17.06%
2017-12-31	$4.58B	10.38%
2016-12-31	$4.15B	2.31%
2015-12-31	$4.05B	238.02%
2014-12-31	$1.20B	4.58%
2013-12-31	$1.15B	-41.84%
2012-12-31	$1.97B	-

Restaurant Brands generated $7.02B in revenue during NA 2023, up 7.95% compared to the previous quarter, and up 131.08% compared to the same period a year ago.

Restaurant Brands Revenue by Quarter

Date	Revenue	Change
2024-09-30	$2.30B	10.56%
2024-06-30	$2.08B	20.12%
2024-03-31	$1.73B	-7.44%
2023-12-31	$1.87B	1.81%
2023-09-30	$1.84B	3.49%
2023-06-30	$1.77B	11.64%
2023-03-31	$1.59B	-5.86%
2022-12-31	$1.69B	-2.14%
2022-09-30	$1.73B	5.31%
2022-06-30	$1.64B	12.96%
2022-03-31	$1.45B	-6.14%
2021-12-31	$1.55B	3.41%
2021-09-30	$1.50B	3.96%
2021-06-30	$1.44B	14.13%
2021-03-31	$1.26B	-7.22%
2020-12-31	$1.36B	1.57%
2020-09-30	$1.34B	27.58%
2020-06-30	$1.05B	-14.45%
2020-03-31	$1.23B	-17.17%
2019-12-31	$1.48B	1.44%
2019-09-30	$1.46B	4.14%
2019-06-30	$1.40B	10.58%
2019-03-31	$1.27B	-8.59%
2018-12-31	$1.39B	0.71%
2018-09-30	$1.38B	2.37%
2018-06-30	$1.34B	7.15%
2018-03-31	$1.25B	1.59%
2017-12-31	$1.23B	2.12%
2017-09-30	$1.21B	6.70%
2017-06-30	$1.13B	13.20%
2017-03-31	$1.00B	-9.97%
2016-12-31	$1.11B	3.32%
2016-09-30	$1.08B	3.41%
2016-06-30	$1.04B	13.25%
2016-03-31	$918.50M	-13.10%
2015-12-31	$1.06B	3.66%
2015-09-30	$1.02B	-2.08%
2015-06-30	$1.04B	11.74%
2015-03-31	$932.00M	123.88%
2014-12-31	$416.30M	49.26%
2014-09-30	$278.90M	6.78%
2014-06-30	$261.20M	8.43%
2014-03-31	$240.90M	-

Restaurant Brands generated $2.30B in revenue during Q3 2024, up 10.56% compared to the previous quarter, and up 129.53% compared to the same period a year ago.

Restaurant Brands Revenue Breakdown

Restaurant Brands Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Advertising	$1.17B	$1.02B	$909.00M	-	-
Franchisor	$21.00M	$18.00M	$98.00M	$76.00M	$89.00M
Sales Revenue	$19.00M	$18.00M	-	-	-
Royalty	$402.00M	$353.00M	$1.56B	$2.16B	$2.32B
Product	-	$2.82B	$2.38B	$2.01B	$2.36B
Royalty, Property Revenue, and Franchisor	-	$2.66B	$3.24B	-	-

Restaurant Brands's latest annual revenue breakdown by segment (product or service), as of Dec 23: Advertising (72.56%), Royalty (24.95%), Franchisor (1.30%), and Sales Revenue (1.18%).

Quarterly Revenue by Product

Product/Service	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Advertising	$290.00M	$298.00M	$313.00M	$313.00M	$289.00M	$254.00M	$274.00M	$269.00M	$255.00M	$227.00M	$235.00M	$235.00M	$234.00M	$205.00M	-	-	-	-	-	-
Sales Revenue	$4.00M	$4.00M	$15.00M	$4.00M	$6.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Royalty	$491.00M	$473.00M	-	$503.00M	$445.00M	$403.00M	$412.00M	$412.00M	$391.00M	$346.00M	$585.00M	$581.00M	$469.00M	$526.00M	$613.00M	$602.00M	-	-	-	-
Franchisor	$32.00M	$33.00M	-	$29.00M	$25.00M	$24.00M	$37.00M	$21.00M	$24.00M	$19.00M	$15.00M	$18.00M	$34.00M	$17.00M	-	-	-	-	-	-
Royalty, Property Revenue, and Franchisor	-	-	-	-	$742.00M	$668.00M	$672.00M	$698.00M	$676.00M	$852.00M	-	-	-	-	-	-	-	-	-	-
Product	-	-	-	-	$744.00M	$668.00M	$743.00M	$759.00M	$708.00M	$609.00M	$660.00M	$621.00M	$590.00M	$507.00M	$563.00M	$541.00M	$406.00M	$503.00M	$627.00M	$624.00M

Restaurant Brands's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Royalty (60.10%), Advertising (35.50%), Franchisor (3.92%), and Sales Revenue (0.49%).

Restaurant Brands Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
UNITED STATES	$2.52B	$2.27B	$2.00B	$1.89B	$1.93B
CANADA	$3.63B	$3.46B	$3.04B	$2.55B	$3.04B
Others	$874.00M	$774.00M	$699.00M	$533.00M	$636.00M

Restaurant Brands's latest annual revenue breakdown by geography, as of Dec 23: CANADA (51.69%), UNITED STATES (35.86%), and Others (12.45%).

Quarterly Revenue by Country

Country	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
UNITED STATES	$1.09B	$661.00M	$669.00M	$645.00M	$631.00M	$573.00M	$594.00M	$587.00M	$571.00M	$521.00M	$512.00M	$500.00M	$515.00M	$478.00M	$497.00M	$499.00M	$443.00M	$450.00M	$518.00M	$489.00M
Others	$244.00M	$222.00M	$204.00M	$236.00M	$226.00M	$208.00M	$202.00M	$199.00M	$190.00M	$183.00M	$199.00M	$187.00M	$169.00M	$144.00M	$152.00M	$147.00M	$91.00M	$143.00M	$169.00M	$164.00M
CANADA	$955.00M	$856.00M	$947.00M	$956.00M	$918.00M	$809.00M	$893.00M	$940.00M	$878.00M	$747.00M	$835.00M	$808.00M	$754.00M	$638.00M	$709.00M	$691.00M	$514.00M	$632.00M	$792.00M	$805.00M

Restaurant Brands's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (47.66%), CANADA (41.68%), and Others (10.65%).

Restaurant Brands Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
DRI	Darden Restaurants	$11.39B	$2.76B
YUMC	Yum China	$10.98B	$3.07B
CMG	Chipotle Mexican Grill	$9.87B	$2.79B
YUM	Yum! Brands	$7.08B	$2.22B
QSR	Restaurant Brands	$7.02B	$2.30B
DPZ	Domino's Pizza	$4.48B	$3.26B
EAT	Brinker	$4.42B	$1.14B
WEN	Wendy's Company	$2.18B	$289.72M
PZZA	Papa John's	$2.14B	$507.89M
JACK	Jack in the Box	$1.22B	$365.35M
DIN	Dine Brands Global	$831.07M	$166.35M
WING	Wingstop	$460.06M	$162.50M

QSR Revenue FAQ

What is Restaurant Brands’s yearly revenue?

Restaurant Brands's yearly revenue for 2023 was $7.02B, representing an increase of 7.95% compared to 2022. The company's yearly revenue for 2022 was $6.5B, representing an increase of 13.35% compared to 2021. QSR's yearly revenue for 2021 was $5.74B, representing an increase of 15.52% compared to 2020.

What is Restaurant Brands’s quarterly revenue?

Restaurant Brands's quarterly revenue for Q3 2024 was $2.3B, a 10.56% increase from the previous quarter (Q2 2024), and a 25.16% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $2.08B, a 20.12% increase from the previous quarter (Q1 2024), and a 17.16% increase year-over-year (Q2 2023). QSR's quarterly revenue for Q1 2024 was $1.73B, a -7.44% decrease from the previous quarter (Q4 2023), and a 8.88% increase year-over-year (Q1 2023).

What is Restaurant Brands’s revenue growth rate?

Restaurant Brands's revenue growth rate for the last 3 years (2021-2023) was 22.36%, and for the last 5 years (2019-2023) was 25.33%.

What are Restaurant Brands’s revenue streams?

Restaurant Brands's revenue streams in c 23 are Advertising, Franchisor, Sales Revenue, and Royalty. Advertising generated $1.17B in revenue, accounting 72.56% of the company's total revenue, up 14.05% year-over-year. Franchisor generated $21M in revenue, accounting 1.30% of the company's total revenue, up 16.67% year-over-year. Sales Revenue generated $19M in revenue, accounting 1.18% of the company's total revenue, up 5.56% year-over-year. Royalty generated $402M in revenue, accounting 24.95% of the company's total revenue, up 13.88% year-over-year.

What is Restaurant Brands’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Restaurant Brands was Advertising. This segment made a revenue of $1.17B, representing 72.56% of the company's total revenue.