AI-extracted from the 10-Q filed 2026-08-06 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
RBI grew total revenue 4.6% YoY to $2.52B in Q2 FY2026, but operating income nearly doubled to $716M mostly because of a swing from a $132M FX loss to a $20M FX gain, not core growth.
Biggest Revenue Drivers
Tim Hortons (TH)$1,137M+5.0% YoY
Higher Supply chain sales due to increases in commodity prices and CPG net sales
Restaurant Holdings (RH)$506M+7.9% YoY
Increase in BK US comparable sales and higher PLK China restaurant count, partly offset by BK US refranchisings
Biggest Revenue Drivers
Total revenue: $2.52B+4.6% YoY
Tim Hortons (TH)$1,137M+5.0% YoY
Higher Supply chain sales due to increases in commodity prices and CPG net sales
Restaurant Holdings (RH)$506M+7.9% YoY
Increase in BK US comparable sales and higher PLK China restaurant count, partly offset by BK US refranchisings
Burger King (BK)$342M+1.2% YoY
Increase in comparable sales, partially offset by the net impact of refranchisings
International (INTL)$274M+9.6% YoY
Higher royalty revenues from Burger King and Popeyes on system-wide sales growth, plus resumed BK China JV royalties
Popeyes Louisiana Kitchen (PLK)$199M-5.2% YoY
Decline in comparable sales
Largest Expense Items
Supply chain cost of sales$635M+7.8% YoY
Higher commodity prices
Company restaurant expenses$508M+2.0% YoY
Higher BK US restaurant expenses from increased sales and D&A, plus costs of scaling PLK China and FHS Brazil start-ups
Advertising expenses and other services$369M+1.4% YoY
General and administrative expenses$181M-3.7% YoY
Lower RH/BK China transaction costs and corporate restructuring and advisory fees
Margins: Income from operations rose to $716M from $483M, primarily because 'Other operating expenses (income), net' swung to a $26M net gain (largely a $20M FX gain vs. a $132M FX loss a year ago) and segment income improved in INTL, BK, TH, and FHS, partly offset by a decline in PLK segment income.
Watch Items from the Filing
Popeyes (PLK) comparable sales fell -5.1% and segment revenue declined 5.2% YoY to $199M, the only segment contracting this quarter.
Most of the operating income increase came from a foreign-exchange remeasurement swing (net gain of $20M vs. a $132M loss a year ago) tied to intercompany financing, a non-operating, currency-driven item.
Effective tax rate was -12.3% for the quarter (a tax benefit) due to discrete benefits from intra-group reorganizations, unlikely to recur at this magnitude.
Burger King no-solicitation/no-hiring antitrust class action (Sherman Act) reached a mediation impasse in March 2026; company cannot estimate range of possible loss.
Carrols shareholder litigation reached an agreement-in-principle to settle in July 2026, subject to final court approval, removing a legal overhang.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Doyle J PatrickExecutive ChairmanGrant or award · Oct 2, 2026
Congress trading in QSR
5 transactions in QSR reported by 4 members of Congress under the STOCK Act, most recent trade Feb 4, 2025. Reported transactions, not recommendations.
About Restaurant Brands International Inc. (QSR): stock profile, AI score and financials
Restaurant Brands International Inc. (QSR) stock profile, AI quality score, and SEC EDGAR financial data, a Consumer Discretionary sector company. 13F Pro's AI-powered ranking engine scores QSR at 68.4/100 on a composite quality score built from its SEC filings, placing it at rank #303 of 2,925 stocks — the top 25% of the AI-ranked universe. QSR scores in the top quartile across institutional flow (86.0), revenue scale (86.0), profitability (81.1). Areas of concern include earnings quality (31.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 43.4/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Restaurant Brands International Inc. reports quarterly revenue of $2.5B, net income of $665.0M, an operating margin of 28.4%. Top institutional holders of QSR by reported 13-F value include Capital World Investors, PERSHING SQUARE HOLDCO, L.P., ROYAL BANK OF CANADA, based on the most recent SEC filings. QSR trades on the NYSE exchange and files with the SEC under CIK 1618756. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate QSR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Restaurant Brands International Inc. directly from SEC EDGAR.