Filing Flows › Restaurant Brands International (QSR) › Q2 2026
Restaurant Brands International (QSR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Restaurant Brands International (QSR) reported revenue of $2.5B for the second quarter 2026 (Q2 2026), +5% from a year earlier and +11% from the quarter before. Operating margin was 28.4%, net earnings $507M (20.1% of revenue).
Restaurant Brands International, Q2 2026: revenue $2.5B (+5% year over year), operating margin 28.4%, net earnings $507M, operating cash flow $530M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5B | +11% | +5% |
| Operating profit | $716M | +18% | +48% |
| Net earnings | $507M | +50% | +168% |
| Operating cash flow | $530M | +133% | +18% |
| Free cash flow | $479M | +183% | +17% |
What changed
Revenue was $2.5B in Q2 2026, up 5% year over year and up 11% from the previous quarter. TH was the largest line at 45% of revenue. TH added $0.05B year over year (up 5%), 49% of the total change. PLK declined 5%.
Operating profit was $0.72B, a 28.4% margin (up 8.4 points year over year). Of the extra revenue versus Q2 2025, 212% reached operating profit, above the 20% margin then. Total costs fell 6% while revenue rose 5%. Net earnings were $0.51B, up 168% year over year. The effective tax rate was -12.3%.
Operating cash flow was $0.53B (up 18% year over year), 80% of net income including minority interests. Non-cash charges added back $0.08B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.25B. Capital expenditures of $0.05B left free cash flow of $0.48B.
Questions
What was Restaurant Brands International's revenue in the second quarter 2026?
Restaurant Brands International (QSR) reported revenue of $2.5B for the second quarter 2026 (Q2 2026), +5% from a year earlier and +11% from the quarter before.
Was Restaurant Brands International profitable in the second quarter 2026?
Operating profit was $716M (28.4% of revenue) and net earnings $507M.