Insider and congress filings
Restaurant Brands International Inc. (QSR)
About Restaurant Brands International Inc.
from the company's filings and listing- Exchange
- NYSE
- Sector
- Consumer Cyclical
- Industry
- Restaurants
- Chief executive
- Joshua Arthur Kobza
- Employees
- 53,500
- Listed since
- Dec 11, 2014
- Market value
- $26.7B
- Price to earnings
- 18.8
- Earnings per share
- $3.66
- Dividend yield
- 3.30%
Earnings
6 reported quarters · next on Oct 29, 2026| Quarter | EPS | EPS expected | Revenue | Revenue expected | Result |
|---|---|---|---|---|---|
| Q2 FY2026reported Aug 6, 2026 | $1.07 | $1.04 | $2.5B | $2.5B | EPS beatRevenue in line |
| Q1 FY2026reported May 6, 2026 | $0.86 | $0.83 | $2.3B | $2.2B | EPS beatRevenue in line |
| Q4 FY2025reported Feb 12, 2026 | $0.96 | $0.95 | $2.5B | $2.4B | EPS in lineRevenue beat |
| Q3 FY2025reported Oct 30, 2025 | $1.03 | $1.00 | $2.4B | $2.4B | EPS beatRevenue beat |
| Q2 FY2025reported Aug 7, 2025 | $0.94 | $0.97 | $2.4B | $2.3B | EPS missRevenue beat |
| Q1 FY2025reported May 8, 2025 | $0.75 | $0.78 | $2.1B | $2.1B | EPS missRevenue miss |
Actual against the consensus estimate at the time. A flag marks a beat or a miss of more than 1.5% either way; inside that band the quarter is in line. A flag marked GAAP compares a GAAP figure the company reported with an adjusted consensus, two different measures, so a one-time gain or charge can move it either way; basis unverified means we could not classify the reported figure. A flag reads n/a only when a number is missing. An estimate is a forecast made by analysts, not a company target.
Executive pay
as filed for 2025 · proxy filed Apr 23, 2026| Executive | Salary | Stock awards | Other | Total |
|---|---|---|---|---|
| Joshua KobzaCEO | $950K | $12.3M | $1.9M | $15.2M |
| Sami SiddiquiCFO | $685K | $11.5M | $916K | $13.1M |
| Axel SchwanPresident, Tim Hortons Canada & US | $602K | $5.1M | $1.2M | $6.8M |
| Thomas CurtisPresident, Burger King US & Canada | $625K | $4.9M | $493K | $6.0M |
| Jill GranatGeneral Counsel | $630K | $3.6M | $882K | $5.1M |
The summary compensation table from the 2025 proxy statement, current executives only. Read the filing
Institutional holders
13F positions as of Jun 30, 2026| Holder | Value | Shares | Change | Of company |
|---|---|---|---|---|
| Capital World Investors | $3.2B | 43,862,952 | +2.3% | 12.60% |
| Pershing Square Holdco, L.P. | $1.9B | 25,821,284 | +100.0% | 7.42% |
| Royal Bank Of Canada | $1.5B | 20,236,317 | +10.1% | 5.82% |
| Edgepoint Investment Group Inc. | $1.2B | 17,171,552 | -11.2% | 4.93% |
| Blackrock, Inc. | $1.1B | 15,228,770 | +90.6% | 4.38% |
| Bank Of Montreal | $818.5M | 11,295,632 | +25.3% | 3.25% |
| Vanguard Capital Management LLC | $760.8M | 10,489,509 | +1.7% | 3.01% |
| FMR LLC | $610.5M | 8,417,025 | +1.9% | 2.42% |
| Goldman Sachs Group Inc | $530.1M | 7,310,590 | +2.8% | 2.10% |
| Baupost Group Llc/Ma | $489.6M | 6,753,112 | -16.4% | 1.94% |
| Fiera Capital Corp | $446.7M | 6,168,961 | -7.8% | 1.77% |
| CIBC World Market Inc. | $442.8M | 6,106,449 | -9.7% | 1.75% |
A 13F reports long US equity positions 45 days after the quarter ends, so these are positions as they stood on Jun 30, 2026. For a manager's whole book see the fund directory.
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Open-market insider trades
2 filings of 31 on record| Insider | Action | Shares | Price | Value | Trade date | Delay |
|---|---|---|---|---|---|---|
| Axel SchwanPres., Tim Hortons US & Canada | Sold | 57,574 | $81.14 | $4.7M | Sep 4, 2026 | 5d |
| Thomas Benjamin CurtisPres., BK US & CA | Sold | 64,000 | $80.72 | $5.2M | Aug 21, 2026 | 4d |
One row is one filing. A filing that reported its trade in several tranches is summed, priced at the weighted average, and marked with its line count.
Congress trades in QSR
11 disclosures of 11 on record · median 41d of the 45 allowed| Member | Type | Action | Amount disclosed | Since the trade | Trade date | Disclosed | Delay |
|---|---|---|---|---|---|---|---|
| John BoozmanJoint | Stock | Sale (Full) | $1,001 - $15,000 | +24.4%S&P +26.7% · vs S&P 500 -2.3% | Feb 4, 2025 | Mar 6, 2025 | 30d |
| Tommy TubervilleJoint | Stock | Sale (Full) | $1,001 - $15,000 | +3.3%S&P +48.7% · vs S&P 500 -45.4% | Apr 4, 2024 | May 15, 2024 | 41d |
| Tommy TubervilleJoint | Stock | Purchase | $1,001 - $15,000 | +14.1%S&P +85.6% · vs S&P 500 -71.5% | Apr 3, 2023 | May 11, 2023 | 38d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | +20.8%S&P +76.6% · vs S&P 500 -55.8% | Jul 2, 2021 | Aug 13, 2021 | 42d |
| Ro Khanna | Stock | Purchase | $1,001 - $15,000 | +54.8%S&P +171.3% · vs S&P 500 -116.5% | May 13, 2020 | Jun 17, 2020 | 35d |
| Ron WydenSpouse | Stock | Purchase | $15,001 - $50,000 | +57.2%S&P +166.5% · vs S&P 500 -109.2% | May 5, 2020 | Jun 1, 2020 | 27d |
| Ron WydenSpouse | Stock | Purchase | $1,001 - $15,000 | +103.8%S&P +187.8% · vs S&P 500 -84.0% | Apr 6, 2020 | May 5, 2020 | 29d |
| Susie LeeJointFiled late | Stock | Purchase | $1,001 - $15,000 | +22.6%S&P +129.5% · vs S&P 500 -106.9% | Feb 5, 2020 | Apr 28, 2020 | 83d |
| Susie LeeJoint | Stock | Sale | $1,001 - $15,000 | +117.5%S&P +221.2% · vs S&P 500 -103.6% | Mar 16, 2020 | Apr 28, 2020 | 43d |
| Susie LeeJointFiled late | Stock | Purchase | $1,001 - $15,000 | +22.6%S&P +136.1% · vs S&P 500 -113.5% | Jan 6, 2020 | Feb 25, 2020 | 50d |
| Michael T. McCaulFiled late | Stock | Sale | $1,001 - $15,000 | +101.8%S&P +275.3% · vs S&P 500 -173.5% | Apr 7, 2016 | May 25, 2016 | 48d |
Since the trade: the stock's move from the trade date to the latest close we hold, as of Sep 10, 2026, an estimate, with the S&P 500 over the same window and the difference against it. The figures describe the stock after the trade, not the member's result: the filing carries a band, not a fill, and a sale keeps the same sign, so a positive figure after a sale means the stock kept rising. An option row carries the underlying stock's move. A row marked n/a has no market price. Not investment advice.
Members of Congress reporting a position
3 members · estimate, as of Sep 10, 20263 members report a position (estimated). The largest estimated position is in the $50,001 - $100,000 band.
| Member | Party, chamber | Estimated position | Share of their portfolio |
|---|---|---|---|
| Ron Wyden | Democrat · Senate | $50,001 - $100,000 | 0.7% |
| Harriet M. Hageman | Republican · House | $15,001 - $50,000 | 1.4% |
| Shelley Moore Capito | Republican · Senate | $1,001 - $15,000 | 0.4% |
Estimate, as of Sep 10, 2026. Each position is modelled from the member's disclosed transactions and annual filings: the midpoint of each disclosed band, moved with the stock's price since the trade. It is a rough estimate of a reported position, not a figure from a filing, which is why it is shown as a band. Share of portfolio sets that estimate against the member's whole estimated public-stock portfolio.
Awards, option exercises and gifts (8)
| Insider | Event | Shares | Date |
|---|---|---|---|
| Axel SchwanPres., Tim Hortons US & Canada | Option exercise | 70,000 | Sep 4, 2026 |
| 3G Restaurant Brands Holdings General Partner Ltd.10% owner | Conversion | 2,784,549 | Aug 10, 2026 |
| 3G Restaurant Brands Holdings General Partner Ltd.10% owner | Other (see filing) | 2,000,183 | Aug 10, 2026 |
| Duncan FultonChief Corporate Officer | Stock award | 772 | Jul 7, 2026 |
| Jeffrey Housman | Stock award | 1,078 | Jul 7, 2026 |
| J. Patrick DoyleExecutive Chairman | Stock award | 9,479 | Jul 7, 2026 |
| Joshua KobzaChief Executive Officer | Stock award | 4,464 | Jul 7, 2026 |
| Thomas Benjamin CurtisPres., BK US & CA | Stock award | 1,889 | Jul 7, 2026 |
Awards, option exercises, shares withheld to cover tax and gifts all file on the same form as a purchase or a sale. None of them is a decision to trade, so they sit here rather than beside the ones that are.
Questions
Are insiders buying or selling QSR?
Across the 2 most recent open-market filings shown here, 0 were purchases and 2 were sales.
Which members of Congress have traded QSR?
John Boozman, Tommy Tuberville, Ro Khanna, Ron Wyden, Susie Lee, Michael T. McCaul disclosed QSR transactions in the filings shown here.
Which members of Congress hold QSR?
3 members of Congress report a position in QSR in the estimate we hold as of Sep 10, 2026. The three largest estimated positions belong to Ron Wyden, Harriet M. Hageman and Shelley Moore Capito. The estimate is built from disclosed transactions and annual filings, so it is shown as a band rather than a figure from a filing.
How quickly are QSR trades disclosed?
Insider filings on this page reached the public a median of 5 days after the transaction, against the two business days Form 4 allows. Congressional disclosures took a median of 41 days, against the 45 the STOCK Act allows.
How to read a Form 4
A DECISION THE INSIDER MADE
COMPENSATION PLUMBING
Congress rows disclose a value range rather than an exact amount, and the STOCK Act allows up to 45 days to report. Full sourcing and the limits of this data are on the methodology page. A filing is a record of a transaction, not a signal, and nothing here is investment advice.
Data as of Sep 10, 2026.