Restaurant Brands International Inc. filed its quarterly report on Form 10-Q with the U.S. Securities and Exchange Commission covering the three-month period ended September 30, 2026, reporting third-quarter net income of $704 million on total revenues of $2,525 million.
Key Highlights
- Total Q3 2026 revenues: $2,525 million, compared with $2,449 million in the third quarter of 2025, according to the filing.
- Net income from continuing operations: $704 million for the three months ended September 30, 2026, versus $440 million for the same period in 2025.
- Diluted EPS from continuing operations: $1.54 for Q3 2026, compared with $0.96 in Q3 2025, as reported in the filing.
- Common shares outstanding: 348,350,731 as of October 23, 2026, with an additional 102,926,279 Class B exchangeable limited partnership units outstanding and exchangeable on a one-for-one basis into common shares.
- Total assets: $25,263 million as of September 30, 2026, down from $25,615 million at December 31, 2025.
- Long-term debt: $13,184 million as of September 30, 2026, per the condensed consolidated balance sheet.
Restaurant Brands International Q3 2026 Financial Results Across Brand Segments
Restaurant Brands International Inc., incorporated in Canada and headquartered in Miami, Florida, operates as a franchisor and operator of quick-service restaurant brands. The company's revenues span four reported categories: supply chain sales, company restaurant sales, franchise and property revenues, and advertising revenues and other services. According to the filing, total revenues for the three months ended September 30, 2026 were $2,525 million, compared with $2,449 million for the same quarter in 2025. For the nine months ended September 30, 2026, total revenues were reported as $7,309 million, versus $6,968 million in the prior-year period.
The filing reported income from operations of $696 million for Q3 2026, up from $663 million in Q3 2025. Net interest expense was $125 million for the quarter, compared with $129 million in the year-ago period. The company recorded an income tax benefit of $133 million from continuing operations in Q3 2026, compared with tax expense of $94 million in Q3 2025, resulting in net income from continuing operations of $704 million for the quarter. Net income attributable to common shareholders for the three months ended September 30, 2026 was $542 million, or $1.55 per basic share and $1.54 per diluted share, according to the condensed consolidated statements of operations.
On the balance sheet as of September 30, 2026, the filing listed cash and cash equivalents of $974 million, down from $1,163 million at December 31, 2025. Intangible assets, net, stood at $10,880 million, and goodwill was $6,166 million. Total shareholders' equity, including noncontrolling interests, was $5,528 million at September 30, 2026, compared with $5,159 million at year-end 2025. Retained earnings were $2,490 million as of September 30, 2026, versus $1,795 million at December 31, 2025. The filing also noted that assets held for sale related to discontinued operations, which totaled $489 million at December 31, 2025, were zero as of September 30, 2026.
What Was Disclosed
Restaurant Brands International Inc. disclosed its condensed consolidated financial statements for the three and nine months ended September 30, 2026, including the balance sheet, income statement, and shareholders' equity changes, on NYSE:QSR. The filing covered continuing and discontinued operations, segment revenues, earnings per share, and capital structure details.



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