Restaurant Brands International Inc. (RBI) reported a total revenue of $9.434 billion for the fiscal year ending December 31, 2025, marking a 12.2% increase from $8.406 billion in 2024. The company's net income for the year was $1.075 billion, a decrease from $1.445 billion in the previous year, primarily due to increased operating costs and a non-cash charge related to the Burger King China operations. The company’s operating income was $2.202 billion, down from $2.419 billion in 2024, reflecting challenges in managing costs amid fluctuating commodity prices and foreign exchange impacts.
RBI's financial performance was influenced by several strategic developments, including the acquisition of Carrols Restaurant Group in May 2024, which added approximately 1,005 Burger King restaurants to its portfolio. The company also entered a joint venture for Burger King China, which closed on January 30, 2026, with CPE Alder Investment Limited acquiring an 83% stake. This strategic move is expected to enhance operational efficiency and profitability in the region. Additionally, RBI has focused on refranchising the majority of the acquired restaurants to local franchisees, which is anticipated to improve overall brand performance.
Operationally, RBI reported system-wide sales of $46.762 billion, with a comparable sales growth of 2.4% across its brands. The company operated a total of 33,041 restaurants globally, with over 95% being franchised. The Tim Hortons brand saw system-wide sales of $8.248 billion, while Burger King generated $29.368 billion. The Popeyes and Firehouse Subs brands contributed $7.789 billion and $1.357 billion, respectively. The company’s employee headcount stood at approximately 53,500 as of December 31, 2025, with a significant portion working in Company-operated restaurants.
Looking ahead, RBI aims to continue its focus on quality, service, and convenience as part of its growth strategy. The company plans to invest in technology and digital solutions to enhance customer engagement and streamline operations. Additionally, RBI is targeting a total of $2.60 in declared dividends per common share for 2026, reflecting its commitment to returning value to shareholders. The company remains cautious about potential economic challenges, including inflation and consumer spending trends, which could impact future performance.
About Restaurant Brands International Inc.
Restaurant Brands International Inc. is a leading global quick service restaurant company owning and franchising four iconic brands: Tim Hortons, Burger King, Popeyes, and Firehouse Subs. It operates and licenses thousands of restaurants across over 120 countries, focusing on quality, service, and convenience. The company generates revenue through franchise fees, royalties, and company-operated restaurants, leveraging brand strength, innovation, and a global supply chain.
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