Restaurant Brands International Limited Partnership filed its Form 10-Q for the quarterly period ended September 30, 2026, with the U.S. Securities and Exchange Commission on October 29, 2026, reporting third-quarter net income of $704 million and total revenues of $2,525 million.

Key Highlights

  • Total revenues: $2,525 million for the three months ended September 30, 2026, up from $2,449 million in the same period of 2025, according to the filing.
  • Net income from continuing operations: $704 million for Q3 2026, compared with $440 million in Q3 2025, as reported in the condensed consolidated statements of operations.
  • Nine-month net income: $1,814 million for the nine months ended September 30, 2026, versus $920 million for the same period in 2025.
  • Earnings per Partnership exchangeable unit (basic and diluted): $1.55 for net income in Q3 2026, compared with $0.96 in Q3 2025.
  • Total assets: $25,263 million as of September 30, 2026, versus $25,615 million as of December 31, 2025.
  • Units outstanding: As of October 23, 2026, there were 102,926,279 Class B exchangeable limited partnership units and 229,893,003 Class A common units outstanding.
  • Long-term debt: $13,184 million as of September 30, 2026, net of current portion, compared with $13,250 million at December 31, 2025.

Restaurant Brands International LP Q3 2026 Financial Results

According to the Form 10-Q filed for the quarterly period ended September 30, 2026, Restaurant Brands International Limited Partnership (Toronto Stock Exchange: QSP) reported total revenues of $2,525 million for the three months ended September 30, 2026, compared with $2,449 million in the prior-year quarter. Revenue components included supply chain sales of $780 million, company restaurant sales of $608 million, franchise and property revenues of $814 million, and advertising revenues and other services of $323 million, the filing disclosed.

The partnership reported net income from continuing operations of $704 million for Q3 2026, compared with $440 million in Q3 2025. The filing noted an income tax benefit from continuing operations of $133 million in Q3 2026, compared with income tax expense of $94 million in the same quarter of 2025. For the nine months ended September 30, 2026, net income from continuing operations totaled $1,814 million, versus $927 million in the comparable 2025 period. No net loss from discontinued operations was recorded in Q3 2026, the filing stated.

On the balance sheet, total assets stood at $25,263 million as of September 30, 2026. Cash and cash equivalents were $974 million, down from $1,163 million at December 31, 2025. Intangible assets, net, were $10,880 million and goodwill was $6,166 million. Total partners' capital was $5,526 million as of September 30, 2026, compared with $5,157 million at December 31, 2025. The filing also disclosed that assets held for sale related to discontinued operations, which stood at $489 million at December 31, 2025, were zero as of September 30, 2026.

What Was Disclosed

Restaurant Brands International Limited Partnership disclosed its unaudited condensed consolidated financial results for Q3 and the first nine months of 2026, including income statements, balance sheet data, and equity movements, in a Form 10-Q filed October 29, 2026, covering the period ended September 30, 2026.