Filing Flows › Restaurant Brands International (QSR) › Operating margin
Restaurant Brands International (QSR) operating margin by quarter
Restaurant Brands International's operating margin was 27.6% in Q3 2026 (third quarter 2026), -0.8 pts from Q2 2026. Over the last 7 quarters it ranged from 20.0% (Q2 2025) to 28.4% (Q2 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 27.6% | -0.8 pts | +0.5 pts |
| Q2 2026 | 28.4% | +1.6 pts | +8.4 pts |
| Q1 2026 | 26.8% | +1.6 pts | +6.1 pts |
| Q4 2025 | 25.2% | -1.9 pts | — |
| Q3 2025 | 27.1% | +7.0 pts | — |
| Q2 2025 | 20.0% | -0.6 pts | — |
| Q1 2025 | 20.6% | — | — |
Q3 2026 at a glance
Restaurant Brands International, Q3 2026: revenue $2.5B (+3% year over year), operating margin 27.6%, net earnings $542M, operating cash flow $551M. The chart follows the revenue to costs, profit and cash.
Questions
What is Restaurant Brands International's operating margin?
Restaurant Brands International's operating margin was 27.6% in Q3 2026 (third quarter 2026), -0.8 pts from Q2 2026.
How has Restaurant Brands International's operating margin changed?
Over the last 7 quarters it ranged from 20.0% (Q2 2025) to 28.4% (Q2 2026).
Q3 2026 results → · How Restaurant Brands International makes money →