Restaurant Brands International Reports Q3 2026 Financial Results

Executive Summary

On October 29, 2026, Restaurant Brands International Limited Partnership filed a Form 8-K under Item 2.02 (Results of Operations and Financial Condition), furnishing its financial results for the third quarter ended September 30, 2026.

Financial & Operational Highlights (Q3 2026 vs. Q3 2025)

• Revenues: Reached $2,525 million, up 3.1% compared to $2,449 million in Q3 2025.
• GAAP Diluted EPS from Continuing Operations: $1.54, up from $0.96 in Q3 2025.
• Adjusted Diluted EPS: $1.10, compared to $1.03 in Q3 2025, reflecting 6.9% nominal growth and 8.6% organic growth.
• System-wide Sales: Rose to $12,972 million, delivering constant-currency growth of 6.2%.
• Comparable Sales: Global comparable sales grew 3.8%, driven by strong performance at Burger King US (+8.4%) and International (+3.9%).
• Adjusted Operating Income (AOI): Increased to $737 million (+6.7% organic AOI growth), keeping the company on track for its 8% organic AOI growth target for full-year 2026.
• Adjusted EBITDA: Rose to $829 million from $794 million.
• Capital Return & Leverage: Returned $1.3 billion YTD via dividends and share buybacks; Net leverage improved to 4.0x (down from 4.4x).