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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Restaurant Brands International's retained earnings for the quarter that ended in Mar. 2026 was $1,903 Mil.
Restaurant Brands International's quarterly retained earnings
declined
from Sep. 2025 ($1,902 Mil) to Dec. 2025 ($1,795 Mil) but then
increased
from Dec. 2025 ($1,795 Mil) to Mar. 2026 ($1,903 Mil).
Restaurant Brands International's annual retained earnings
increased
from Dec. 2023 ($1,599 Mil) to Dec. 2024 ($1,860 Mil) but then
declined
from Dec. 2024 ($1,860 Mil) to Dec. 2025 ($1,795 Mil).
Restaurant Brands International (NYSE:QSR) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Restaurant Brands International Retained Earnings Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Restaurant Brands International Retained Earnings Chart
Restaurant Brands International Retained Earnings Calculation
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Restaurant Brands International (QSR) has a Retained Earnings of $1,903 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Restaurant Brands International and its competitors.
Is Restaurant Brands International's Retained Earnings too high?
Restaurant Brands International's current Retained Earnings is $1,903 Mil. Overall, Restaurant Brands International has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Restaurant Brands International's Retained Earnings compare to MCD and SBUX?
Restaurant Brands International's Retained Earnings of $1,903 Mil can be compared against companies in the Restaurants industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Restaurants company?
A good Retained Earnings depends on the Restaurants industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Restaurant Brands International and its competitors. Restaurant Brands International's current Retained Earnings is $1,903 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Restaurant Brands International stock overvalued right now?
Based on GuruFocus' analysis, Restaurant Brands International (QSR) is currently considered Modestly Undervalued. The stock's GF Value™ is $85.75, compared to a current price of $72.47 — trading 15.5% below its estimated fair value. The current Retained Earnings is $1,903 Mil. Restaurant Brands International's overall GF Score™ is 84/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Restaurant Brands International (QSR), the current Retained Earnings is $1,903 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Restaurant Brands International (QSR) Overvalued in 2026?
Based on GuruFocus' analysis, Restaurant Brands International stock appears to be undervalued.
The current stock price of $72.47 is trading 15.5% below its estimated GF Value™ of $85.75.
GuruFocus considers Restaurant Brands International to be Modestly Undervalued.
Key valuation signals for QSR:
Retained Earnings: $1,903 Mil
GF Value™: $85.75 vs. price of $72.47 (15.5% below fair value)
No single metric tells the full story. See the QSR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Restaurant Brands International Business Description
Restaurant Brands generates about $47 billion in system sales across more than 33,000 restaurants in over 120 markets, making it one of the largest restaurant companies globally. Its banners include Burger King (7,025 stores), Tim Hortons (4,586), Popeyes (3,578), and Firehouse Subs (1,449), concentrated in the US and Canada, with these brands also comprising 16,403 franchised international locations as of year-end 2025. The firm primarily earns revenue from franchise and property fees, supply chain sales within the Tim Hortons segment, company-operated restaurants, and advertising royalties.
84GF Score
Get the complete analysis for QSR
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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