What was the income tax expense (benefit) from continuing operations for Burger King in 2022?
Burger_King Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current: | |||
| Canadian | $ 96 | $ (47) $ | (284) |
| U.S. Federal | 113 | 77 | 105 |
| U.S. state, net of federal income tax benefit | 24 | 27 | 26 |
| Other Foreign | 136 | 108 | 96 |
| $ 369 | $ 165 | $ (57) | |
| Deferred: | |||
| Canadian | $ | (54) $ (37) $ | 20 |
| U.S. Federal | (23) | (18) | (79) |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 109–124)
What This Means (2025 FDD)
According to Burger King's 2025 Franchise Disclosure Document, the income tax expense (benefit) from continuing operations in 2022 was $(117) million. This indicates a tax benefit rather than an expense for that year.
For a prospective Burger King franchisee, understanding the brand's financial performance, including its income tax strategies, can be valuable. While franchisees do not directly share in these specific tax benefits, the overall financial health of the parent company can influence brand support, marketing efforts, and the ability to invest in innovation.
It's important to note that this figure represents the consolidated results of Burger King's parent company and not the financial performance of individual franchise locations. Franchisees are responsible for their own tax obligations based on their specific business operations and structure. Consulting with a financial advisor is crucial for understanding the tax implications of owning and operating a Burger King franchise.