Financials · YUMC

Yum China Holdings Inc. (YUMC) financials

For the twelve months ended Sep 30, 2026, Yum China Holdings Inc. reported $12.71B of revenue and $1.00B of net income.

Revenue, TTM
$12.71B
Revenue growth, YoY
+9.9%
Net income, TTM
$1.00B
Net income growth, YoY
+11.1%
Net margin
7.9%
Free cash flow, TTM
$948.00M
EPS, diluted, TTM
$2.88
EPS growth, YoY
+19.5%
Cash
$535.00M
P/E
16.76
P/S
1.32
Market cap
$16.82B
Annual revenue$11.80B
FY2016FY2025
Annual net income$929.00M
FY2016FY2025
Annual free cash flow$840.00M
FY2016FY2025

YUMC revenue and earnings growth

YUMC revenueQ3 2026$3.48B

Quarter YoY
+8.5%
QoQ
+10.8%
FY YoY
+4.4%
5Y CAGR
+7.4%
10Y CAGR
+5.5%

YUMC revenue was $3.48B in fiscal Q3 2026 (ended Sep 30, 2026), up 8.5% from a year earlier and up 10.8% from the prior quarter. For the full fiscal 2025 it was $11.80B, up 4.4% from fiscal 2024. Compound annual growth was +7.4% over 5 years and +5.5% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 12 fiscal years on file.

YUMC net incomeQ3 2026$311.00M

Quarter YoY
+10.3%
QoQ
+27.5%
FY YoY
+2.0%
5Y CAGR
+3.5%
10Y CAGR
+11.1%

YUMC net income was $311.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 10.3% from a year earlier and up 27.5% from the prior quarter. For the full fiscal 2025 it was $929.00M, up 2.0% from fiscal 2024. Compound annual growth was +3.5% over 5 years and +11.1% over 10 years. It rose in 8 of the last 10 fiscal years.

YUMC EPSQ3 2026$0.91

Quarter YoY
+19.7%
QoQ
+30.0%
FY YoY
+7.7%
5Y CAGR
+5.2%
10Y CAGR
+10.9%

YUMC diluted EPS was $0.91 in fiscal Q3 2026 (ended Sep 30, 2026), up 19.7% from a year earlier and up 30.0% from the prior quarter. For the full fiscal 2025 it was $2.51, up 7.7% from fiscal 2024. Compound annual growth was +5.2% over 5 years and +10.9% over 10 years.

YUMC free cash flowQ3 2026$359.00M

Quarter YoY
+2.3%
QoQ
+20.1%
FY YoY
+17.6%
5Y CAGR
+3.9%
10Y CAGR
+7.7%

YUMC free cash flow was $359.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 2.3% from a year earlier and up 20.1% from the prior quarter. For the full fiscal 2025 it was $840.00M, up 17.6% from fiscal 2024. Compound annual growth was +3.9% over 5 years and +7.7% over 10 years. It rose in 6 of the last 10 fiscal years.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$11.80B$11.30B$10.98B$9.57B$9.85B$8.26B$8.78B$8.41B$7.77B$7.08B
Cost of revenue--------$5.83B$5.61B
Gross profit--------$1.94B$1.47B
Research and development$8.00M$6.00M$6.00M$6.00M$6.00M$3.00M$4.00M$4.00M$5.00M$5.00M
Selling, general and admin$581.00M$568.00M$638.00M$594.00M$564.00M$479.00M$487.00M$456.00M$495.00M$429.00M
Operating income$1.29B$1.16B$1.11B$629.00M$1.39B$961.00M$901.00M$941.00M$778.00M$634.00M
Pre-tax income$1.36B$1.33B$1.23B$687.00M$1.39B$1.11B$1.00B$950.00M$803.00M$666.00M
Income tax$369.00M$356.00M$329.00M$207.00M$369.00M$295.00M$260.00M$214.00M$379.00M$156.00M
Net income$929.00M$911.00M$827.00M$442.00M$990.00M$784.00M$713.00M$708.00M$398.00M$498.00M
EPS, basic$2.52$2.34$1.99$1.05$2.34$2.01$1.89$1.84$1.03$1.35
EPS, diluted$2.51$2.33$1.97$1.04$2.28$1.95$1.84$1.79$1.00$1.35
Diluted shares371.0M390.0M420.0M425.0M434.0M402.0M388.0M395.0M398.0M369.0M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$506.00M$723.00M$1.13B$1.13B$1.14B$1.16B$1.05B$1.27B$1.06B$885.00M
Short-term investments$878.00M$1.12B$1.47B$2.02B$2.86B$3.10B$611.00M$122.00M$205.00M$79.00M
Receivables$95.00M$79.00M$68.00M$64.00M$67.00M$99.00M$88.00M$80.00M$79.00M$74.00M
Inventory$438.00M$405.00M$424.00M$417.00M$432.00M$398.00M$380.00M$307.00M$297.00M$268.00M
Current assets$2.36B$2.69B$3.43B$3.94B$4.72B$4.94B$2.26B$1.95B$1.80B$1.43B
Goodwill$1.96B$1.88B$1.93B$1.99B$2.14B$832.00M$254.00M$266.00M$108.00M$79.00M
Total assets$10.78B$11.12B$12.03B$11.83B$13.22B$10.88B$6.95B$4.61B$4.29B$3.73B
Current liabilities$2.25B$2.28B$2.42B$2.17B$2.38B$2.07B$1.74B$1.25B$1.02B$1.00B
Short-term debt$30.00M$127.00M$168.00M$2.00M------
Total liabilities$4.68B$4.69B$4.91B$4.67B$5.30B$4.40B$3.77B$1.63B$1.44B$1.28B
Shareholders' equity$5.38B$5.73B$6.41B$7.15B$7.91B$6.46B$3.17B$2.98B$2.84B$2.38B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$1.47B$1.42B$1.47B$1.41B$1.13B$1.11B$1.19B$1.33B$884.00M$866.00M
Capital expenditures$626.00M$705.00M$710.00M$679.00M$689.00M$419.00M$435.00M$470.00M$415.00M$436.00M
Free cash flow$840.00M$714.00M$763.00M$734.00M$442.00M$695.00M$750.00M$863.00M$469.00M$430.00M
Investing cash flow-$5.00M-$178.00M-$743.00M-$522.00M-$855.00M-$3.11B-$910.00M-$552.00M-$557.00M-$471.00M
Financing cash flow-$1.69B-$1.64B-$716.00M-$844.00M-$313.00M$2.06B-$480.00M-$518.00M-$185.00M$93.00M
Dividends paid$353.00M$248.00M$216.00M$202.00M$203.00M$95.00M$181.00M$161.00M$38.00M-
Share repurchases$1.14B$1.25B$613.00M$466.00M$75.00M$8.00M$265.00M$307.00M$128.00M-
Stock-based compensation$42.00M$41.00M$64.00M$42.00M$41.00M$36.00M$26.00M$24.00M$26.00M$16.00M
Depreciation and amortization$448.00M$476.00M$453.00M$602.00M$516.00M$450.00M$428.00M$445.00M$409.00M$402.00M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY4.4%3.0%14.7%-2.9%19.2%-5.8%4.3%8.3%9.8%2.4%
Net income growth, YoY2.0%10.2%87.1%-55.4%26.3%10.0%0.7%77.9%-20.1%54.2%
EPS growth, YoY7.7%18.3%89.4%-54.4%16.9%6.0%2.8%79.0%-25.9%51.7%
Gross margin--------25.0%20.7%
Operating margin10.9%10.3%10.1%6.6%14.1%11.6%10.3%11.2%10.0%9.0%
Net margin7.9%8.1%7.5%4.6%10.0%9.5%8.1%8.4%5.1%7.0%
Free cash flow margin7.1%6.3%7.0%7.7%4.5%8.4%8.5%10.3%6.0%6.1%
Return on equity17.3%15.9%12.9%6.2%12.5%12.1%22.5%23.8%14.0%21.0%
Return on assets8.6%8.2%6.9%3.7%7.5%7.2%10.3%15.4%9.3%13.4%
Current ratio1.051.181.421.821.982.391.301.561.761.42

Source: XBRL data Yum China Holdings Inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

YUMC peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
YUMC$12.71B+9.9%$1.00B7.9%$16.82B
MCD$27.78B+5.8%$8.99B32.4%$199.16B
SBUX$38.34B+4.5%$1.98B5.2%$124.76B
CMG$12.71B+7.9%$1.38B10.8%$45.22B
YUM$8.80B+9.1%$3.44B39.1%$43.90B
QSR$9.78B+5.5%$1.76B18.1%$34.98B
DRI$13.37B+8.1%$1.18B8.8%$26.00B
ARMK$19.85B+11.0%$382.91M1.9%$14.43B
TXRH$6.37B+9.2%$419.36M6.6%$12.51B

YUMC FAQ

8 questions
  • What is YUMC revenue?
    Yum China Holdings Inc. (YUMC) reported $12.71B of revenue for the twelve months ended Sep 30, 2026. That is up 9.9% from the year before. Revenue for fiscal 2025 was $11.80B.
  • Is YUMC profitable?
    Yes. Yum China Holdings Inc. earned $1.00B in net income for the twelve months ended Sep 30, 2026, a net margin of 7.9%.
  • How much cash and debt does YUMC have?
    Yum China Holdings Inc. reported $535.00M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is YUMC revenue growing?
    Yum China Holdings Inc.'s revenue changed +4.4% in fiscal 2025, to $11.80B. Its compound annual growth rate was +7.4% over 5 years and +5.5% over 10 years.
  • What is YUMC free cash flow?
    Yum China Holdings Inc. generated $948.00M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $1.61B less capital expenditures.
  • What is YUMC earnings per share?
    Diluted earnings per share were $2.88 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did YUMC last report financial results?
    The latest statements here come from Yum China Holdings Inc.'s 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this YUMC financial data come from?
    Quantisnow builds these statements from the structured XBRL data Yum China Holdings Inc. files with the SEC. It is provided for information only and is not investment advice.