Filing Flows › Restaurant Brands International (QSR) › Q3 2026
Restaurant Brands International (QSR) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
Restaurant Brands International (QSR) reported revenue of $2.5B for the third quarter 2026 (Q3 2026), +3% from a year earlier and +0.2% from the quarter before. Operating margin was 27.6%, net earnings $542M (21.5% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5B | +0.2% | +3% |
| Operating profit | $696M | -3% | +5% |
| Net earnings | $542M | +7% | +72% |
| Operating cash flow | $551M | +4% | -7% |
| Free cash flow | $479M | 0% | -10% |
What changed
Revenue was $2.5B in Q3 2026, up 3% year over year and roughly flat from the previous quarter. TH was the largest line at 45% of revenue. RH added $0.03B year over year (up 6%), 37% of the total change.
Operating profit was $0.70B, a 27.6% margin (up 0.5 points year over year). Of the extra revenue versus Q3 2025, 43% reached operating profit, above the 27% margin then. Total costs grew 2% against revenue growth of 3%. Net earnings were $0.54B, up 72% year over year. The effective tax rate was -23.3%.
Operating cash flow was $0.55B (down 7% year over year), 78% of net income including minority interests. Non-cash charges added back $0.07B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.26B. Capital expenditures of $0.07B left free cash flow of $0.48B.
Questions
What was Restaurant Brands International's revenue in the third quarter 2026?
Restaurant Brands International (QSR) reported revenue of $2.5B for the third quarter 2026 (Q3 2026), +3% from a year earlier and +0.2% from the quarter before.
Was Restaurant Brands International profitable in the third quarter 2026?
Operating profit was $696M (27.6% of revenue) and net earnings $542M.