RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2016 | 58.3% | 40.2% | 23.1% |
| FY2017 | 59.6% | 37.9% | 27.0% |
| FY2018 | 66.1% | 35.8% | 21.4% |
| FY2019 | 67.6% | 35.8% | 19.8% |
| FY2020 | 67.6% | 28.6% | 15.1% |
| FY2021 | 67.1% | 32.7% | 21.8% |
| FY2022 | 64.5% | 29.2% | 22.8% |
| FY2023 | 65.3% | 29.2% | 24.5% |
| FY2024 | — | 28.8% | 17.2% |
| FY2025 | — | 23.3% | 11.4% |