AMZNprintsminutestrendsdividendsdrawdownsP/E 28.4macronarrativesvolatilitybuybackssentiment+0.8%marginsMSFTPMI 52.1momentumdividendsflowsPMI 52.1digeststhreadsvolatilityearnings callsvolumesβ 1.24breakoutsnewsflow2s10sliquidityheadlines−1.2%breakoutsnoiseGOOGLbuybacksrevisionstrendsPMI 52.1briefstickersnoiseGDPsentimentchattertranscriptsGOOGLsentimentvolatilitybuybacksMSFTwhispersMETAsessionsyield curves13FfuturesdowngradesPMI 52.1headlinesthe tapeflowsdowngradesfutures+0.8%earnings callstranscriptsclosesgammacatalystsrevisionsvolatilitysentimentchatter+2.41%earnings callssentimentfilingstrends10y 4.21%cyclesbuybackswiresspx 0dtewhisperstickersQ3trendsnewsflowearnings callsWTI 78.2sentimentnoisethreadsrumorsnarrativesFOMCconsensusestimatesmomentumYoY +18%tickersmomentumprintsβ 1.24revisions

momentumheadlines52w hipositioning2s10sfilingstrendsprintstrendsmacrocyclesnoise2s10smacroQ3narrativesheadlinesflowscyclesnarrativesspreadstranscriptsdowngradesupgradeswhisperswhispersminutesthe tapeNDXfuturesminutesyield curves52w hithe tapeFOMCcatalystsbriefsthe tapeNVDAguidancetrends52w hidrawdowns2s10swhispersmomentumdrawdownsbuybacks

PCEliquiditysentimentbreakoutsdowngradesP/E 28.4threadsAAPLSPXvolatilityNDXflowscyclesliquidityestimatesEPS 4.12

QSR · NYSE · Restaurants

Restaurant Brands International (QSR)

Owns and franchises Burger King, Tim Hortons, Popeyes and Firehouse Subs across global markets.

$72.50

After hours+0.56 (+0.78%)

At close$71.94(−0.85%)

In millions of USD, except per-share figures

In millions	Q3 FY23Sep 2023	Q4 FY23Dec 2023	Q1 FY24Mar 2024	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Revenue	1,837	1,820	1,739	2,080	2,291	2,296	2,109	2,410	2,449	2,466	2,264	2,520
Cost of revenue	1,075	1,147	1,043	1,294	1,493	1,552	1,405	1,595	1,264	1,294	1,140	1,651
Gross profit	762	673	696	786	798	744	704	815	1,185	1,172	1,124	869
	180	205	152	123	221	109	269	332	512	525	513	170
	164	199	167	170	169	185	184	167	170	192	180	176
General & administrative	164	199	167	170	169	185	184	167	170	192	180	176
Other expenses	16	6	−15	−47	52	−76	85	165	342	333	333	−6
Operating income	582	468	544	663	577	635	435	483	673	647	611	699
	−159	−152	−148	−179	−148	−135	−130	−132	−139	−153	−128	−107
Interest income	13	11	11	9	9	10	8	6	14	0	6	5
Interest expense	195	202	200	204	206	194	186	187	18	125	171	170
Other non-operating income	10	−5	−5	29	−1	−4	−2	1	121	28	5	−16
Income before tax	423	316	396	484	429	500	305	351	534	494	483	592
Income tax expense	59	−410	68	85	72	139	82	87	94	220	38	−73
Net income from continuing operations	364	726	328	399	357	361	223	264	440	274	445	665
Discontinued operations	0	0	0	0	0	0	−2	−1	−4	−119	0	0
Net income	252	508	230	280	252	259	159	189	315	113	338	507
EPS, basic	$1.16	$2.32	$1.04	$1.26	$1.12	$1.11	$0.68	$0.80	$1.33	$0.34	$0.97	$1.46
EPS, diluted	$0.79	$1.60	$0.72	$0.88	$0.78	$0.79	$0.48	$0.58	$0.95	$0.25	$0.74	$1.45
Weighted average shares, basic	314	313	314	317	319	324	326	328	328	334	347	348
Weighted average shares, diluted	459	453	453	453	454	455	456	457	457	457	459	460
EBITDA	619	522	598	693	657	716	508	559	628	695	684	792
Depreciation & amortization	47	49	49	59	79	77	71	77	76	76	78	77
EBIT	572	473	549	634	578	639	437	482	552	619	606	715