RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.43B | $8.41B | $7.02B | $6.51B | $5.74B | $4.97B | $5.60B | $5.36B |
| Cost of Revenue | — | — | $2.44B | $2.31B | $1.89B | $1.61B | $1.81B | $1.82B |
| Gross Profit | — | — | $4.59B | $4.19B | $3.85B | $3.36B | $3.79B | $3.54B |
| Gross Margin | — | — | 65.3% | 64.5% | 67.1% | 67.6% | 67.6% | 66.1% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $741.0M | $733.0M | $704.0M | $631.0M | $484.0M | $1.26B | $1.26B | $1.21B |
| Operating Income | $2.20B | $2.42B | $2.05B | $1.90B | $1.88B | $1.42B | $2.01B | $1.92B |
| Operating Margin | 23.3% | 28.8% | 29.2% | 29.2% | 32.7% | 28.6% | 35.8% | 35.8% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $1.68B | $1.81B | $1.45B | $1.37B | $1.36B | $816.0M | $1.45B | $1.38B |
| Income Tax Expense | $483.0M | $364.0M | $-265.0M | $-117.0M | $110.0M | $66.0M | $341.0M | $238.0M |
| Net Income | $1.08B | $1.45B | $1.72B | $1.48B | $1.25B | $750.0M | $1.11B | $1.14B |
| Net Margin | 11.4% | 17.2% | 24.5% | 22.8% | 21.8% | 15.1% | 19.8% | 21.4% |
| EPS (Basic) | — | — | — | — | — | — | — | — |
| EPS (Diluted) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Basic) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Diluted) | — | — | — | — | — | — | — | — |
| Dividends Per Share | — | — | — | — | — | — | — | — |