Filing Flows › Restaurant Brands International (QSR) › Q3 2026 › vs Q2 2026
Restaurant Brands International (QSR) Q3 2026 vs Q2 2026 (quarter over quarter)
Restaurant Brands International's revenue rose $5.0M (+0.2%) from $2.5B in Q2 2026 to $2.5B in Q3 2026. The biggest changes: RH −$19.0M (-4%); INTL +$15.0M (+5%); PLK +$5.0M (+3%). Operating margin 27.6% against 28.4% (-0.8 pts).
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 draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 27.6% | 28.4% | -0.8 pts |
| Net margin | 21.5% | 20.1% | +1.3 pts |
| Free cash flow margin | 19.0% | 19.0% | -0.0 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| TH | $1.1B | $1.1B | −$1.0M | -0.1% |
| RH | $487M | $506M | −$19.0M | -4% |
| BK | $345M | $342M | $3.0M | +0.9% |
| INTL | $289M | $274M | $15.0M | +5% |
| PLK | $204M | $199M | $5.0M | +3% |
| FHS | $65.0M | $62.0M | $3.0M | +5% |
| Revenue | $2.5B | $2.5B | $5.0M | +0.2% |
| Operating profit | $696M | $716M | −$20.0M | -3% |
| Costs & expenses | $1.8B | $1.8B | $25.0M | +1% |
| Pre-tax earnings | $571M | $592M | −$21.0M | -4% |
| Other expense, net | $125M | $124M | $1.0M | +0.8% |
| General & admin | $183M | $181M | $2.0M | +1% |
| Other operating costs | $1.6B | $1.6B | $23.0M | +1% |
| Income tax benefit | $133M | $73.0M | $60.0M | +82% |
| Net earnings | $542M | $507M | $35.0M | +7% |
| Minority interests | $162M | $158M | $4.0M | +3% |
| Depreciation & amortization | $74.0M | $77.0M | −$3.0M | -4% |
| Share-based compensation | $34.0M | $35.0M | −$1.0M | -3% |
| Working capital & other | $99.0M | $89.0M | $10.0M | +11% |
| Operating cash flow | $551M | $530M | $21.0M | +4% |
| Free cash flow (OCF − capex) | $479M | $479M | $0 | 0% |
| Capital expenditures | $72.0M | $51.0M | $21.0M | +41% |
Questions
How much did Restaurant Brands International's revenue grow quarter over quarter in Q3 2026?
Restaurant Brands International's revenue rose $5.0M (+0.2%) from $2.5B in Q2 2026 to $2.5B in Q3 2026.
What drove Restaurant Brands International's revenue change in Q3 2026?
RH −$19.0M (-4%); INTL +$15.0M (+5%); PLK +$5.0M (+3%).