Filing Flows › Restaurant Brands International Limited Partnership (QSP) › How it makes money
How Restaurant Brands International Limited Partnership (QSP) makes money
Restaurant Brands International Limited Partnership (QSP) made $2.5B of revenue in the third quarter 2026 (Q3 2026), +3% from a year earlier. TH brought in $1.1B (45%); RH brought in $487M (19%); BK brought in $345M (14%). Of every dollar of revenue, 28¢ was left as operating profit, 28¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| TH | $1.1B | 45.0% | -0.1% | +1% |
| RH | $487M | 19.3% | -4% | +6% |
| BK | $345M | 13.7% | +0.9% | +2% |
| INTL | $289M | 11.4% | +5% | +8% |
| PLK | $204M | 8.1% | +3% | +1% |
| FHS | $65.0M | 2.6% | +5% | +8% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $2.5B | 100.0% |
| Operating profit | $696M | 27.6% |
| Net earnings | $704M | 27.9% |
| Operating cash flow | $551M | 21.8% |
| Free cash flow | $479M | 19.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $2.5B | +3% |
| Q2 2026 | $2.5B | +5% |
| Q1 2026 | $2.3B | +7% |
| Q4 2025 | $2.5B | +7% |
| Q3 2025 | $2.4B | +7% |
| Q2 2025 | $2.4B | +16% |
| Q1 2025 | $2.1B | +21% |
From Restaurant Brands International Limited Partnership's 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does Restaurant Brands International Limited Partnership make money?
Restaurant Brands International Limited Partnership (QSP) made $2.5B of revenue in the third quarter 2026 (Q3 2026), +3% from a year earlier. TH brought in $1.1B (45%); RH brought in $487M (19%); BK brought in $345M (14%). Of every dollar of revenue, 28¢ was left as operating profit, 28¢ was left as net earnings.
What is Restaurant Brands International Limited Partnership's biggest business?
TH: $1.1B in the third quarter 2026, 45% of revenue, +1% from a year earlier.
What is Restaurant Brands International Limited Partnership's profit margin?
Net earnings were $704M, 27.9% of revenue, in the third quarter 2026; the operating margin was 27.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.